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Shares of Archer-Daniels-Midland (ADM) trade at 13.7 times earnings, against 22.3 for the median S&P 500 company. The stock fell 13.4% in the month to November 5. Either a sound business is on sale, or buyers are paying a fair price for a profit recovery that may not last. A buyer at this price is betting that ADM’s crushing and ethanol profit holds up and shows up as cash. So what does that buyer get today?
ADM’s Profit Has More Than Doubled In A Year
A buyer gets a company earning far more than it did a year ago. Over the four quarters to September 2026, ADM recorded net income of $2.48 billion, against $1.19 billion a year earlier….
