Latest Ratios: P/E Ratio 8.6x · EV/EBITDA 10.8x · ROE 9.9%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.2B | $4.3B | $2.4B | $4.0B | $4.4B | $4.6B | $3.5B | $5.0B | $4.1B | $5.2B | $4.6B |
| Enterprise Value | $5.9B | $5.9B | $4.1B | $5.6B | $5.8B | $6.2B | $4.9B | $6.4B | $4.9B | $5.7B | $5.2B |
| P/E Ratio → | 8.59 | 8.61 | 26.81 | 17.66 | 7.56 | 8.01 | 12.44 | 17.27 | — | 20.90 | 14.83 |
| P/S Ratio | 0.44 | 0.44 | 0.26 | 0.42 | 0.39 | 0.49 | 0.49 | 0.72 | 0.63 | 0.89 | 0.86 |
| P/B Ratio | 0.82 | 0.82 | 0.50 | 0.86 | 0.87 | 1.03 | 0.92 | 1.38 | 1.24 | 1.51 | 1.46 |
| P/FCF | 707.46 | 714.22 | 294.92 | 19.56 | 21.69 | — | 110.02 | — | 54.49 | 71.70 | 17.20 |
| P/OCF | 7.47 | 7.54 | 4.55 | 5.62 | 6.48 | 49.65 | 12.10 | 28.98 | 17.40 | 21.07 | 10.83 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.61 | 0.45 | 0.59 | 0.52 | 0.68 | 0.69 | 0.94 | 0.74 | 0.99 | 0.96 |
| EV / EBITDA | 10.81 | 10.88 | 8.71 | 28.61 | 6.52 | 9.82 | 11.86 | 25.79 | 13.14 | 15.95 | 15.57 |
| EV / EBIT | 25.95 | 20.52 | 26.60 | — | 8.88 | 14.01 | 21.79 | 63.33 | 21.37 | 24.75 | 21.79 |
| EV / FCF | — | 988.38 | 508.67 | 27.49 | 28.79 | — | 154.55 | — | 64.12 | 79.77 | 19.28 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 6.9% | 6.9% | 6.3% | 3.3% | 9.2% | 8.9% | 8.1% | 6.5% | 8.4% | 9.5% | 9.2% |
| Operating Margin | 2.3% | 2.3% | 1.7% | -0.9% | 5.8% | 5.0% | 3.4% | 1.6% | 3.6% | 4.1% | 4.3% |
| Net Profit Margin | 5.1% | 5.1% | 1.0% | 2.4% | 5.2% | 6.2% | 4.0% | 4.2% | -0.3% | 4.3% | 5.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.9% | 9.9% | 1.9% | 4.7% | 12.3% | 13.8% | 7.6% | 8.3% | -0.5% | 7.5% | 10.3% |
| ROA | 6.2% | 6.2% | 1.2% | 2.9% | 7.5% | 8.1% | 4.3% | 4.8% | -0.3% | 5.0% | 6.8% |
| ROIC | 2.6% | 2.6% | 1.8% | -1.0% | 7.8% | 6.0% | 3.6% | 1.8% | 4.4% | 4.7% | 4.8% |
| ROCE | 3.5% | 3.5% | 2.5% | -1.4% | 10.7% | 8.0% | 4.5% | 2.2% | 5.3% | 5.8% | 6.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.35 | 0.35 | 0.38 | 0.36 | 0.33 | 0.40 | 0.39 | 0.43 | 0.28 | 0.20 | 0.20 |
| Debt / EBITDA | 3.34 | 3.34 | 3.87 | 8.54 | 1.83 | 2.76 | 3.60 | 6.31 | 2.50 | 1.94 | 1.91 |
| Net Debt / Equity | — | 0.31 | 0.36 | 0.35 | 0.29 | 0.38 | 0.37 | 0.40 | 0.22 | 0.17 | 0.18 |
| Net Debt / EBITDA | 3.02 | 3.02 | 3.66 | 8.25 | 1.61 | 2.64 | 3.42 | 5.81 | 1.97 | 1.61 | 1.68 |
| Debt / FCF | — | 274.17 | 213.75 | 7.93 | 7.10 | — | 44.53 | — | 9.63 | 8.07 | 2.08 |
| Interest Coverage | 4.13 | 4.13 | 2.13 | -1.38 | 16.38 | 34.31 | 11.95 | 2.81 | 5.18 | 8.00 | 8.21 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.40 | 2.40 | 2.50 | 2.52 | 2.63 | 2.61 | 3.12 | 2.87 | 3.86 | 3.82 | 3.63 |
| Quick Ratio | 1.40 | 1.40 | 1.50 | 1.42 | 1.53 | 1.54 | 2.02 | 1.96 | 2.82 | 2.87 | 2.66 |
| Cash Ratio | 0.81 | 0.81 | 0.83 | 0.77 | 0.84 | 0.96 | 1.43 | 1.31 | 1.95 | 2.07 | 1.72 |
| Asset Turnover | — | 1.18 | 1.19 | 1.26 | 1.42 | 1.23 | 1.08 | 1.04 | 1.24 | 1.13 | 1.13 |
| Inventory Turnover | 5.99 | 5.99 | 6.05 | 6.32 | 6.12 | 5.06 | 5.56 | 5.89 | 7.40 | 6.74 | 6.41 |
| Days Sales Outstanding | — | 28.31 | 31.73 | 28.59 | 29.96 | 30.14 | 27.25 | 34.47 | 30.55 | 30.29 | 42.55 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.2% | 0.2% | 5.0% | 0.3% | 0.2% | 0.2% | 0.3% | 0.2% | 0.2% | 0.1% | — |
| Payout Ratio | 1.8% | 1.8% | 133.0% | 4.4% | 1.7% | 1.8% | 3.5% | 3.5% | — | 2.8% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.6% | 11.6% | 3.7% | 5.7% | 13.2% | 12.5% | 8.0% | 5.8% | — | 4.8% | 6.7% |
| FCF Yield | 0.1% | 0.1% | 0.3% | 5.1% | 4.6% | — | 0.9% | — | 1.8% | 1.4% | 5.8% |
| Buyback Yield | 0.9% | 0.9% | 0.3% | 15.0% | 0.0% | 0.0% | 0.4% | 0.3% | 0.1% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.1% | 1.1% | 5.3% | 15.3% | 0.2% | 0.2% | 0.7% | 0.5% | 0.3% | 0.1% | 0.0% |
| Shares Outstanding | — | $964113 | $971055 | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M |
Commodity price volatility exposure
Based on reported figures, Seaboard trades at a P/E of 9.18 and a P/S of 0.47, suggesting that the market applies a significant conglomerate discount compared to pure-play agribusiness peers like Tyson Foods or Archer-Daniels-Midland, likely due to the company's opaque international holdings and family-controlled governance structure.
The low P/E multiple relative to the broader industrial sector implies that investors are skeptical of the company's ability to generate consistent earnings growth from its diverse segments. This valuation appears to ignore the strategic value of the company's captive maritime logistics and terminal assets, which provide a structural floor that is not captured by standard earnings-based multiples.
As reported in financial statements, Seaboard's ROIC has remained consistently low, often hovering near 1% or below, which indicates that the company's massive asset base is not generating sufficient returns to exceed its cost of capital, a trend that warrants further investigation by long-term shareholders.
The persistent gap between ROIC and ROE suggests that the company's profitability is heavily influenced by its conservative capital structure rather than operational excellence. This low return profile may be a deliberate choice by management to prioritize asset ownership and vertical integration over short-term capital efficiency.
According to recent quarterly data, Seaboard maintains a cash conversion cycle averaging approximately 75 days, reflecting the inherent complexity of managing global commodity flows and the timing of international shipping logistics across its diverse operational footprint in 26 countries.
The stability of the DSO and DIO metrics suggests that management maintains disciplined control over receivables and inventory despite the volatility of global grain and protein markets. However, the reliance on these working capital cycles to manage liquidity highlights the company's sensitivity to supply chain disruptions and regional economic fluctuations.
Based on recent quarterly filings, Seaboard maintains an exceptionally low debt-to-equity ratio of 0.07 as of 2026Q1, which provides a significant buffer against interest rate volatility and distinguishes the company from more leveraged competitors in the protein processing and commodity trading industries.
This minimal leverage profile suggests that the company is well-positioned to weather cyclical downturns without the risk of covenant breaches or refinancing pressure. Investors should monitor whether this conservative stance represents a strategic reserve for future counter-cyclical acquisitions or simply a lack of appetite for financial risk.
The P/E ratio is frequently misapplied to Seaboard because it fails to account for the company's significant equity method investments, such as its 50% stake in Butterball, which contribute to net income without being reflected in the company's consolidated top-line revenue figures.
Analysts should instead focus on adjusted EBITDA or cash flow from operations to better understand the true earning power of the business. Relying on the P/E ratio obscures the impact of non-operating items and the underlying cash-generating capacity of the company's vertically integrated logistics and milling segments.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SEB stock.
Seaboard Corporation's current P/E ratio is 8.6x. The historical average is 15.0x. This places it at the 25th percentile of its historical range.
Seaboard Corporation's current EV/EBITDA is 10.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.8x.
Seaboard Corporation's return on equity (ROE) is 9.9%. The historical average is 10.8%.
Based on historical data, Seaboard Corporation is trading at a P/E of 8.6x. This is at the 25th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Seaboard Corporation's current dividend yield is 0.21% with a payout ratio of 1.8%.
Seaboard Corporation has 6.9% gross margin and 2.3% operating margin.
Seaboard Corporation's Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.