Archer-Daniels-Midland Company (ADM) is a publicly traded company in the Consumer Defensive — Agricultural Farm Products industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Archer-Daniels-Midland Company (ADM) stands as a major global enterprise in the agricultural sector, focused on the sourcing, transportation, storage, processing, and distribution of a wide array of agricultural commodities, finished goods, and essential ingredients.
Is Archer-Daniels-Midland Company stock overvalued or undervalued in 2026?
Archer-Daniels-Midland Company (ADM) trades at 21.1× earnings (P/E), below the median of the 93 consumer staples companies over $2bn in Kaplio's universe. At the decade median (16.3×) $59 (-23 %); at its sector median (21.9×) $80 (+4 %).
Kaplio overview: Archer-Daniels-Midland Company
Market cap $37B · 52 weeks $56 – $88 (13 % below the high) · P/E 21.1× · 2027 est. P/E 13.1× · Dividend 2.7 % · Next earnings November 3, 2026 · expected EPS $1.60 · Closing price, Oct 30 · accounts published Aug 4.
- Valuation: TTM P/E 21.1× (expensive).
- Business: ROIC 5 % (weak).
- Balance sheet: Net debt/EBITDA 2.9× (fragile).
- Earnings: 7 of 8 (uneven).
What would it be worth at its usual multiples?
At the decade median (16.3×) $59 (-23 %); at its sector median (21.9×) $80 (+4 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in consumer staples: 2 of 8 pass
- Gross margin (stable 5y) 6.3 %, fails.
- Stable ROE / ROIC 7.7 %, fails.
- 10y EPS growth −2.9 %, fails.
- Payout Ratio 91.6 %, fails.
- Net debt / EBITDA 2.9×, fails.
- P/E vs own 10y history 21.1×, fails.
- FCF / Net Income 390.0 %, passes.
- 10y dividend growth 6.3 %, passes, near the threshold.
Against its peers (reference peers) — Archer-Daniels-Midland Company: P/E 21.1×; EV/EBITDA 9.6×; ROIC 4.8 %; $37.1B. Bunge Global S.A. (P/E 16.2×; EV/EBITDA 11.6×; ROIC 4.8 %; $18.6B), Tyson Foods, Inc. (P/E 35.2×; EV/EBITDA 10.5×; ROIC 3.0 %; $20.1B), Cal-Maine Foods, Inc. (P/E 54.3×; EV/EBITDA 19.6×; ROIC 0.5 %; $3.0B).
Expensive or cheap against its last ten years?
P/E at each close: today 21.1× · median 16.3× · minimum 6.7× · maximum 26.5× · cheap below 13.6× · expensive above 19.7×. It has been cheaper than today 91% of the time over its last ten years.
Dividend
tight · Yield 2.7 % ($2.04 per share in 2025) · 5-year growth +7 % a year · Free cash flow coverage 2.8× · With $1,000 invested today you'd collect $26.90 a year ($2.24 a month).
Kaplio's reading: Archer-Daniels-Midland Company
Updated on October 14, 2026 · accounts published on August 4, 2026
Reading of October 13, 2026: A thin-margin business with shrinking earnings and weak returns on capital
Archer-Daniels-Midland trades at a P/E of 22.8, 41 % above its ten-year median of 16.2, while EPS fell 39 % over the last 12 months.
- Is Archer-Daniels-Midland expensive or cheap? Its P/E of 22.8 is 41 % above its ten-year median of 16.2; it traded lower during 97 % of the past decade.
- How is the business doing? Fiscal 2025's 1.8 % operating margin was the lowest in 12 years, and EPS fell 39 % over the last 12 months.
- How strong is the balance sheet? Net debt is $19.26 per share, 23 % of the price, and the dividend took 92 % of fiscal 2025 earnings.
- What to expect from the next earnings? On November 3, 2026, analysts expect EPS of $1.57; it beat estimates in 7 of the last 8 quarters.
- Is it as stable as the sector promises? It passes only 2 of 8 consumer defensive checks: cash conversion and dividend growth, the latter barely.
Is Archer-Daniels-Midland expensive or cheap?
Over the last 12 months Archer-Daniels-Midland trades at a P/E of 22.8. Its ten-year median is 16.2, and over the decade the P/E ranged from 6.7 to 26.5. It traded at a lower multiple during 97 % of the past decade. The sector offers little contrast: the median P/E for 139 consumer defensive companies is 21.7, so the premium is only 5 %. Cash flow tells a kinder story. The free cash flow yield is 13 % against an earnings yield of 3.2 %, a sign that shrunken earnings inflate the multiple. The stock is up 38 % in 12 months and sits 6 % below its 52-week high of $88.09.
How is the business doing?
Over the last 12 months revenue fell 6.2 % and EPS fell 38.9 %, and margins were thin to begin with. The operating margin over the last 12 months is 2.5 %. That is up from 1.8 % in fiscal 2025, the weakest of 12 fiscal years, but still below the 3.0 % average for fiscal 2014-2025. Returns on capital show the same strain. ROIC of 4.9 % over the last 12 months is 4.4 points below the 9.2 % median of 152 sector peers, and it has not reached 10 % in any of the last ten fiscal years. Earnings are shrinking from an already low base of profitability.
How strong is the balance sheet?
Over the last 12 months leverage looks moderate on the surface, with debt to equity of 0.40 and a current ratio of 1.39. Fiscal 2025 looks tighter. Net debt of $19.26 per share equals 23 % of the current price and 2.9× EBITDA, above the 2.5× the sector considers healthy. An Altman Z of 2.9 sits in the grey zone, and the Piotroski score is 4 of 9. The 2.6 % dividend yield took 92 % of fiscal 2025 earnings, well past the comfortable 75 %. Over the last 12 months, though, the 13 % free cash flow yield covers the dividend several times.
What to expect from the next earnings?
Archer-Daniels-Midland reports on November 3, 2026, and analysts expect EPS of $1.57 for the quarter. The track record sets a high bar: it beat EPS estimates in 7 of the last 8 quarters. The August 4, 2026 report delivered $1.84 against $1.42 expected, a 30 % surprise and the largest of those eight quarters. Estimates are drifting up. The 2026 EPS consensus rose 1.8 % in 29 days, from $5.37 to $5.47 across 5 analysts, while revenue forecasts barely moved. Of 36 analysts, 12 rate it a buy, 22 a hold and 2 a sell.
Is it as stable as the sector promises?
Investors buy this sector for stability and a rising dividend. So it is judged on a steady gross margin, high returns on equity, compounding earnings and a payout the profits can carry. Archer-Daniels-Midland passes 2 of those 8 checks. Its fiscal 2025 gross margin of 6.3 % is far from the 35 % the sector treats as stable. ROE of 7.7 % over the last 12 months trails the healthy 15 % mark. EPS shrank 2.9 % a year over fiscal 2015-2025, against a 6 % bar. The passes: free cash flow was 390 % of net income in fiscal 2025, and the dividend grew 6.3 % a year over ten years, just above 6 %.
How this was prepared: the data comes from companies' official filings, collected by a professional provider, and from Kaplio's analysis engine (trailing-12-month ratios, 10 years of history and sector medians computed across US-listed companies). The text is written from that data alone, every figure is checked against it before publication, and it is reviewed when the company reports results. This is not investment advice.
Investor methods verdict
Would Peter Lynch approve Archer-Daniels-Midland today?
The Lynch Method approves Archer-Daniels-Midland today. Business quality: 100 out of 100 (price not included). Lynch classifies it as a turnaround. Kaplio assessment with data from the week of November 2, 2026; not investment advice.
Profitability
| Return on Equity | 7.73% |
| Return on Invested Capital | 4.85% |
| Return on Assets | 3.31% |
| Gross Margin | 6.87% |
| Operating Margin | 2.46% |
| Net Margin | 2.16% |
Financial Health
| Debt / Equity | 0.40 |
| Current Ratio | 1.39 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 2.94 |
Price Performance
| 1 month | -4.40% |
| 3 months | -3.71% |
| Year-to-date | +33.78% |
| 1 year | +27.06% |
| 3 years | +5.49% |
| 5 years | +18.51% |
| 10 years | +63.92% |
Dividend History
Paid in the last 12 months: $2.07 per share in 4 payments.
| Date | Amount |
|---|---|
| August 19, 2026 | $0.52 |
| May 20, 2026 | $0.52 |
| February 17, 2026 | $0.52 |
| November 19, 2025 | $0.51 |
| August 20, 2025 | $0.51 |
| May 21, 2025 | $0.51 |
| February 18, 2025 | $0.51 |
| November 21, 2024 | $0.50 |
| August 21, 2024 | $0.50 |
| May 15, 2024 | $0.50 |
Amounts adjusted for stock splits.
Related companies: BG · 0JQQ.L · 0LHR.L · TSN · 0RJ6.L · CALM · ANDE
Explore sector: Consumer Defensive · Agricultural Farm Products
More sections of ADM: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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