Narrative Update • May 15

In the last week, the Agricultural Products industry is down 2.7% with Bunge Global down the most at 3.1%. In contrast, Local Bounti has gained 37%. In the past year, the industry has gained 39%. As for the next few years, earnings are expected to grow by 24% per annum.
Has the U.S. Agricultural Products Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 May 2026 | US$92.4b | US$179.4b | US$2.6b | 22.1x | 35.9x | 0.5x |
| Fri, 17 Apr 2026 | US$79.9b | US$169.2b | US$2.5b | 21.6x | 31.6x | 0.5x |
| Sun, 15 Mar 2026 | US$83.3b | US$169.2b | US$2.5b | 21.6x | 32.7x | 0.5x |
| Tue, 10 Feb 2026 | US$78.3b | US$169.2b | US$2.6b | 25.5x | 30.7x | 0.5x |
| Thu, 08 Jan 2026 | US$63.7b | US$162.0b | US$3.1b | 17.2x | 20.6x | 0.4x |
| Sat, 06 Dec 2025 | US$62.9b | US$162.0b | US$3.1b | 18x | 20.3x | 0.4x |
| Mon, 03 Nov 2025 | US$63.7b | US$152.6b | US$3.1b | 13.2x | 20.7x | 0.4x |
| Wed, 01 Oct 2025 | US$61.3b | US$152.9b | US$3.0b | 11.8x | 20.3x | 0.4x |
| Fri, 29 Aug 2025 | US$64.2b | US$152.9b | US$3.0b | 12.3x | 21.2x | 0.4x |
| Sun, 27 Jul 2025 | US$59.2b | US$154.5b | US$3.0b | 13.6x | 19.9x | 0.4x |
| Tue, 24 Jun 2025 | US$54.6b | US$154.5b | US$3.0b | 10.8x | 17.9x | 0.4x |
| Thu, 22 May 2025 | US$52.3b | US$154.5b | US$3.0b | 12.8x | 17.2x | 0.3x |
| Sat, 19 Apr 2025 | US$49.5b | US$158.0b | US$3.7b | 12.8x | 13.3x | 0.3x |
| Mon, 17 Mar 2025 | US$48.3b | US$157.9b | US$3.7b | 11.4x | 13x | 0.3x |
| Wed, 12 Feb 2025 | US$49.2b | US$158.0b | US$3.6b | 12.6x | 13.5x | 0.3x |
| Fri, 10 Jan 2025 | US$51.7b | US$161.2b | US$3.7b | 13.3x | 14x | 0.3x |
| Sun, 08 Dec 2024 | US$54.6b | US$161.2b | US$3.7b | 13.9x | 14.8x | 0.3x |
| Tue, 05 Nov 2024 | US$55.7b | US$163.0b | US$4.7b | 10.2x | 11.9x | 0.3x |
| Thu, 03 Oct 2024 | US$60.4b | US$164.6b | US$4.9b | 10.9x | 12.3x | 0.4x |
| Sat, 31 Aug 2024 | US$61.7b | US$164.5b | US$4.9b | 11.1x | 12.6x | 0.4x |
| Mon, 29 Jul 2024 | US$64.7b | US$169.5b | US$5.7b | 11.2x | 11.3x | 0.4x |
| Wed, 26 Jun 2024 | US$62.1b | US$169.8b | US$5.9b | 9x | 10.5x | 0.4x |
| Fri, 24 May 2024 | US$62.3b | US$169.8b | US$5.9b | 7.8x | 10.5x | 0.4x |
| Sun, 21 Apr 2024 | US$63.9b | US$174.8b | US$6.9b | 6.9x | 9.3x | 0.4x |
| Tue, 19 Mar 2024 | US$62.3b | US$174.8b | US$6.7b | 7.6x | 9.3x | 0.4x |
| Thu, 15 Feb 2024 | US$57.1b | US$178.0b | US$7.3b | 8.2x | 7.8x | 0.3x |
| Sat, 13 Jan 2024 | US$68.3b | US$179.8b | US$6.7b | 10x | 10.2x | 0.4x |
| Mon, 11 Dec 2023 | US$72.0b | US$179.8b | US$6.7b | 10.3x | 10.8x | 0.4x |
| Wed, 08 Nov 2023 | US$70.4b | US$179.7b | US$6.6b | 9.9x | 10.7x | 0.4x |
| Fri, 06 Oct 2023 | US$72.3b | US$185.3b | US$6.8b | 9.5x | 10.6x | 0.4x |
| Sun, 03 Sep 2023 | US$80.0b | US$184.8b | US$6.8b | 11x | 11.7x | 0.4x |
| Tue, 01 Aug 2023 | US$83.7b | US$187.6b | US$6.3b | 12x | 13.3x | 0.4x |
| Thu, 29 Jun 2023 | US$73.9b | US$189.6b | US$6.6b | 11.6x | 11.2x | 0.4x |
| Sat, 27 May 2023 | US$74.5b | US$189.6b | US$6.6b | 11.8x | 11.3x | 0.4x |
11.3x
How does U.S. Agricultural Products compare with similar industries?
| US Market | -1.01% | |
| Consumer Staples | 1.71% | |
| Food | -1.57% | |
| Agricultural Products | -2.74% | |
| Packaged Foods and Meats | -1.22% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LOCL Local Bounti | US$1.91 | 29.9% +US$10.0m | -10.7% | PS0.9x | |
| AVX Avax One Technology | US$0.58 | 17.1% +US$7.5m | -96.0% | PS11.3x |