Agribusiness ETF (MOO) Stock Holdings

With many agribusiness stocks continuing to soar, below we highlight the current and expected valuations of the companies that make up the MOO ETF.  Most of the stocks that are up the most this year are the ones with the highest trailing P/E ratios.  Potash (POT) is up 63% and has a P/E ratio of 54.22.  Mosaic (MOS) is up 67% and has a P/E of 52.  And Monsanto (MON) is up 28% with a P/E of 47.  Not all stocks that make up the ETF have high valuations, however.  CF Industries (CF) is up 52% year to date but has a relatively low P/E of 20.  While down 15% this year, Deere (DE) has a P/E of 16.78.

But stock prices really move based on forward expectations, and since earnings expectations for these companies in the future are high, their estimated P/E ratios for next year are much lower.  POT and MOS both have very high trailing P/Es, but their estimated P/Es are 13.6 and 12.8 respectively.  The one that might be the most overvalued based on estimated P/Es is Monsanto (MON) at 33.87.

Comments

[FlyingBird]

I'm not sure this list is correct, what about SYT? I show it makes up 7.6% of the fund's holdings. Were international stocks left out? MOO tracks a global index. In total the ETF has 43 stocks.