Egg prices reportedly rose 49% year over year in November, but that's just the tip of the iceberg. Feed prices have been on the upswing, too, but that is a minor player in this meteoric rise. Indeed, Cal-Maine has been a beneficiary of the run-up in egg prices. Based on 2023 estimated earnings of $14.42 a share, the forward P/E ratio stands at less than 4. Again, that reflects elevated earnings due to the run-up in egg prices.

Source: Wall Street Journal January 09, 2023 21:16 UTC