Seaboard Corporation (SEB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Seaboard Corporation stock $6,487, price $3,528, upside +83.9%, quality 61 out of 100. Rating: strongly undervalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $2,381 – $5,953 · fair‑value band $2,884 – $11,181 · the $3,528 price screens below the $6,487 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
Follow Seaboard in your weekly email
Every Wednesday you see whether Seaboard is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Seaboard Corporation, together with its subsidiaries, operates in agricultural, energy, and ocean transportation business worldwide. It operates through Pork, Commodity Trading and Milling (CT&M), Marine, Liquid Fuels, Power, and Turkey segments.
Show moreShow less
The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; and hogs.
The CT&M segment sources, transports, and markets wheat, corn, soybeans, soybean meal, and other commodities; and produces and sells wheat flour, maize meal, manufactured feed, and oilseed crush commodities.
The Marine segment provides cargo shipping services; owns and leases dry, refrigerated, specialized containers, and other related equipment; and operates a terminal and an off-port warehouse and cargo storage. The Liquid Fuels segment owns biodiesel plants and terminal facilities.
The Power segment operates as an independent power producer that generates electricity for the power grid in the Dominican Republic.
The Turkey segment produces and processes turkey products to retail stores, food service outlets, and industrial entities, as well as exports products to foreign markets. The company also produces and sells sugar and alcohol.
Seaboard Corporation was founded in 1918 and is headquartered in Merriam, Kansas.
Stock analysis
Seaboard Corporation (SEB) currently trades at $3,528, while our model-based Fair Value estimate is $6,487, implying the stock looks roughly 46% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of $8,098 per share, and 8 of the 12 models we run sit above the $3,528 price.
Bear case: the Economic Profit group reads lowest at $5,319, and 4 of the 12 models stay below the price. Data coverage for this calculation is high.
Scenario range: $2,884 (bear) to $11,181 (bull), the price of $3,528 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Seaboard Corporation reported revenue of $9.7B in FY2025 versus $9.2B in FY2021, a compound +1.4%/yr. Reported net income was $496M in FY2025, compounding −3.4%/yr from FY2021.
Key figures
Market cap $3.4B Mid · P/E ratio 6.1 · P/S ratio 0.32 · EPS (TTM) $573.76 · Dividend yield 0.3% · Net margin 5.3% · Return on equity 10.6% · Return on assets (EBIT) 3.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 84%, SEB screens cheaper than that median.
Fair Value models
Bear$2,884Fair Value $6,487Bull$11,181
Price $3,528 · Upside +83.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($482.75 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+7.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−4.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.5%
Start year 2020 (pandemic). Over 10 years: +5.7% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.4%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+11.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.4%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.15.9% vs 6.8%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+76.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +72.5% a year for the price.
News mood ⓘNews mood, the average tone of recent news (86 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Very negative
AI conclusion: The conglomerate draws strength from liquid fuels and marine fleet upgrades yet is held back by very low free cash flow conversion and volatility in its commodity and agricultural operations.
Main risk: Higher voyage costs in the marine segment combined with swings in commodity and agricultural operations could pressure margins and cash generation throughout the group.
Seaboard Marine recently added an LNG-powered 1,450 TEU vessel to its fleet as part of ongoing modernization in ocean transportation. The marine segment has faced higher voyage costs lately even as other areas like liquid fuels show strength. Our models see the stock as undervalued, yet will the new vessels deliver enough efficiency gains to offset volatility across the conglomerate's commodity and agricultural operations?
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Conglomerates · 305 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside+83.9% · Top 25%
Profitability
Return on equity (12 months)10.6% · Above median
Return on assets6.0% · Top 25%
Net margin (12 months)5.3% · Below median
Operating margin (12 months)0.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)9.1% · Above median
Dividend yield (12 months)0.3% · Bottom 25%
Balance sheet
Debt / equity0.19× · Below median
Valuation Multiplesvs Conglomerates median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Seaboard Corporation Fair Value". https://www.fairvalue-calculator.com/stock/SEB
Frequently asked questions
Is Seaboard Corporation (SEB) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $6,487 versus a price of $3,528, about +84% upside (undervalued).
What is the fair value of SEB?
Our model-based fair value for Seaboard Corporation is $6,487 (as of Nov 6, 2026), built from audited fundamentals. The current price: $3,528.
What is the quality score of SEB?
Seaboard Corporation has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Seaboard Corporation (SEB)?
Our model-based price target is the fair value of $6,487 (as of Nov 6, 2026) from 12 valuation models. Cautious scenario $2,884, optimistic scenario $11,181. It is a calculation from audited fundamentals, not an analyst target.
What is the Seaboard Corporation stock forecast for 2026?
Our models put fair value at $6,487, about +84% upside versus a price of $3,528 (undervalued). Cautious scenario $2,884, optimistic scenario $11,181. The calculation is refreshed regularly with new filings.
What is the revenue of Seaboard Corporation (SEB)?
Seaboard Corporation reported trailing-twelve-month revenue of about $10.5B (latest available figure, as of Nov 6, 2026).
Does Seaboard Corporation pay a dividend?
Seaboard Corporation currently shows a dividend yield of 0.26% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Seaboard Corporation (SEB) and when is the ex-dividend date?
Seaboard Corporation pays a dividend of $9.00 per share a year, a dividend yield of 0.3%. The last ex-dividend date was Aug 14, 2026. A dividend has been paid every year since 2017. The payout ratio is 1.9% of earnings (on adjusted earnings, reported 1.6%). Free cash flow covers the dividend 0.70 times. Our assessment: Token dividend. At a yield of 0.3% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.3% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What growth is priced into Seaboard Corporation (SEB)?
For today's price to be fair in a discounted-cash-flow model, Seaboard Corporation would have to grow free cash flow by +76.6 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.5 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of SEB use?
Our models discount Seaboard Corporation at 8.5 %: a base by market capitalisation (mid), damped by beta 0.25, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Seaboard Corporation that is +76.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has Seaboard Corporation (SEB) delivered so far?
Over the past 5 years revenue at Seaboard Corporation grew +6.5 % a year. The price currently implies free-cash-flow growth of +76.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Seaboard Corporation (SEB) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Seaboard Corporation (+76.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Seaboard Corporation (SEB)?
The free-cash-flow yield on the price is 0.18 %: that much free cash flow Seaboard Corporation produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Seaboard Corporation (SEB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Seaboard Corporation it is $6,487 per share (as of Nov 6, 2026), against a price of $3,528. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Seaboard Corporation stock overvalued or undervalued in 2026?
As of Nov 6, 2026, SEB trades below its calculated fair value: price $3,528, fair value $6,487, a gap of about +84% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SEB?
No. The price is what the market pays today ($3,528); the fair value is what the company's own numbers justify ($6,487). For Seaboard Corporation the two are $2,959 per share apart. That gap is exactly why we show both numbers side by side.
How much is Seaboard Corporation worth?
The market values Seaboard Corporation at about $3.4B (market capitalisation, as of Nov 6, 2026). Per share that is $3,528; our models calculate a fair value of $6,487 per share.
What do the bullish and bearish scenarios say about SEB?
Our models span a range for Seaboard Corporation: cautious scenario $2,884, base $6,487, optimistic $11,181 per share (as of Nov 6, 2026, price $3,528). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SEB?
Seaboard Corporation trades at a price-to-earnings ratio of 6.1 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $6,487 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 8.4 (reported for FY2025: 6.9). Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings, FY2023 ex one-offs: 12.4. Other multiples: PEG 0.6, P/B 0.7, P/S 0.3, EV/EBITDA 6.9.
What is the PEG ratio of SEB?
The PEG ratio of Seaboard Corporation is 0.65 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Seaboard Corporation (SEB)?
Balance-sheet figures for Seaboard Corporation (as of Nov 6, 2026): return on equity 10.6%, debt of 0.19 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is SEB from its 52-week high?
Seaboard Corporation trades at $3,528, about 41% below its 52-week high of $5,953 and 3% above the low of $3,410 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $6,487 is for.
Which stocks are comparable to Seaboard Corporation?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Seaboard Corporation stock attractive at the current price?
The data as of Nov 6, 2026: price $3,528, calculated fair value $6,487 (+84%), Quality Score 61/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SEB calculated?
We run Seaboard Corporation through 12 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $6,487 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Seaboard Corporation currently trades 46% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Seaboard Corporation (SEB)?
The closing price on Nov 6, 2026 was $3,528. Our model-based fair value is $6,487, about +84% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Seaboard Corporation right now?
The model range is unusually wide ($2,884 to $11,181). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Seaboard Corporation (SEB) come from?
Earnings per share at Seaboard Corporation grew +2.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.4 %, EBIT margin −8.0 %, tax rate +2.2 %, residual (interest, one-offs) +1.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Seaboard Corporation
How large is the market capitalisation of Seaboard Corporation (SEB)?
The market capitalisation of Seaboard Corporation is $3.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Seaboard Corporation (SEB)?
The price-to-sales ratio of Seaboard Corporation is 0.32 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Seaboard Corporation (SEB)?
Earnings per share at Seaboard Corporation are $573.76 (price ÷ EPS = P/E 6.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Seaboard Corporation (SEB)?
The dividend yield of Seaboard Corporation is 0.3% (payout 1.9%, on adjusted earnings, reported 1.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Seaboard Corporation (SEB)?
The net margin of Seaboard Corporation is 5.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Seaboard Corporation (SEB)?
The return on equity (ROE) of Seaboard Corporation is 10.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Seaboard Corporation (SEB)?
On an EBIT basis the return on assets of Seaboard Corporation is 3.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Seaboard Corporation (SEB)?
The operating margin of Seaboard Corporation is 0.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Seaboard Corporation (SEB)?
Revenue at Seaboard Corporation is growing +9.1% versus a year earlier (3y avg −4.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Seaboard Corporation (SEB)?
Earnings per share at Seaboard Corporation are growing −74.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Seaboard Corporation (SEB) carry?
The net debt of Seaboard Corporation is $1.6B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Seaboard Corporation in the live analysis
One click puts Seaboard Corporation on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 6, 2026