Pilgrims Pride Corp. (PPC) intrinsic value & 10-year financials

Pilgrims Pride Corp. (PPC) has a Graham intrinsic value of $95.96 per share. At $28.53 on Oct 20, 2026, the stock trades 70% below that value. Over the last 10 fiscal years revenue grew 7.2% a year to $18.5B, with an average return on invested capital of 14.4%.

Graham intrinsic value
$95.96
Share price (Oct 20, 2026)
$28.53
Price vs Graham value
70% below
Market cap
$6.8B
Revenue (FY2025)
$18.5B
Revenue growth (10-yr CAGR)
7.2%
ROIC (10-yr avg)
14.4%
Free cash flow (FY2025)
$653.1M

PPC 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $18.5B $1.1B $4.54 $653.1M 8.7% 20.2%
FY2024 $17.9B $1.1B $4.57 $1.5B 8.4% 20.4%
FY2023 $17.4B $321.6M $1.36 $120.1M 3.0% 7.9%
FY2022 $17.5B $745.9M $3.10 $182.8M 6.7% 15.5%
FY2021 $14.8B $31.0M $0.13 -$55.2M 1.4% 2.2%
FY2020 $12.1B $94.8M $0.39 $369.5M 2.0% 3.2%
FY2019 $11.4B $455.9M $1.83 $318.4M 6.1% 11.9%
FY2018 $10.9B $247.9M $1.00 $143.0M 4.5% 9.3%
FY2017 $10.8B $694.6M $2.79 $461.4M 10.0% 27.0%
FY2016 $9.9B $440.5M $1.73 $483.0M 7.2% 26.1%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

PILGRIMS PRIDE CORP has demonstrated mature, steady growth, with revenue compounding at 7.2% annually over the past decade.

PILGRIMS PRIDE CORP returns on capital have been average, hovering around 14.4% ROIC over the decade.

Over the decade, PILGRIMS PRIDE CORP shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, PILGRIMS PRIDE CORP is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $95.96 per share.

PPC stock: frequently asked questions

What is the intrinsic value of Pilgrims Pride Corp. (PPC) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 8.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, PPC's intrinsic value is about $95.96 per share.

Is PPC stock undervalued?

At $28.53 (close on Oct 20, 2026), PPC trades 70% below its Graham value of $95.96. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Pilgrims Pride Corp. grown?

Revenue went from $9.9B in fiscal 2016 to $18.5B in fiscal 2025, a compound annual growth rate of 7.2%. Net income was $1.1B in fiscal 2025.

Does Pilgrims Pride Corp. generate free cash flow?

Pilgrims Pride Corp. generated $653.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 9 of the last 10 reported years.

What is PPC's return on invested capital?

Average ROIC over the last 10 fiscal years was 14.4%, and average return on equity was 23.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PPC data come from?

From Pilgrims Pride Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 30, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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