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Best Conglomerate Stocks to Buy Now (2023)
Top conglomerate stocks in 2023 ranked by overall Zen Score. See the best conglomerate stocks to buy now, according to analyst forecasts for the conglomerates industry.

Industry: Conglomerates
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
TRC
TEJON RANCH CO
NYSE
Conglomerates
$463.84M$17.42-0.46%$27.83M29.03x0.19
SEB
SEABOARD CORP
NYSEMKT
Conglomerates
$4.33B$3,731.33-0.50%$852.00M7.47x0.58
SPLP
STEEL PARTNERS HOLDINGS LP
NYSE
Conglomerates
$926.63M$43.000.00%$381.69M4.76x3.04
MDU
MDU RESOURCES GROUP INC
NYSE
Conglomerates
$5.84B$28.66-1.17%$909.37M15.83x1.69
BBU
BROOKFIELD BUSINESS PARTNERS LP
NYSE
Conglomerates
$1.23B$16.48-1.38%$5.60B22.58x12.66
IEP
ICAHN ENTERPRISES LP
NASDAQ
Conglomerates
$17.87B$50.54-0.16%$928.00M-88.67x4.71
NNBR
NN INC
NASDAQ
Conglomerates
$47.79M$1.09-2.68%$37.80M-1.31x1.59
IGC
INDIA GLOBALIZATION CAPITAL INC
NYSEMKT
Conglomerates
$18.26M$0.342.38%-$13.31M-1.32x0.10
CODI
COMPASS DIVERSIFIED HOLDINGS
NYSE
Conglomerates
$1.31B$18.20-0.82%$209.35M-182.00x2.19
MATW
MATTHEWS INTERNATIONAL CORP
NASDAQ
Conglomerates
$1.05B$34.51-2.62%$53.00M-14.20x2.77
CETX
CEMTREX INC
NASDAQ
Conglomerates
$8.20M$9.9415.72%-$8.68M-0.49x3.93

Conglomerate Stocks FAQ

What are the best conglomerate stocks to buy right now in Mar 2023?

According to Zen Score, the 3 best conglomerate stocks to buy right now are:

1. Tejon Ranch Co (NYSE:TRC)


Tejon Ranch Co (NYSE:TRC) is the top conglomerate stock with a Zen Score of 51, which is 21 points higher than the conglomerate industry average of 30. It passed 17 out of 33 due diligence checks and has strong fundamentals. Tejon Ranch Co has seen its stock lose -1.08% over the past year, overperforming other conglomerate stocks by 5 percentage points.

2. Seaboard (NYSEMKT:SEB)


Seaboard (NYSEMKT:SEB) is the second best conglomerate stock with a Zen Score of 50, which is 20 points higher than the conglomerate industry average of 30. It passed 18 out of 38 due diligence checks and has strong fundamentals. Seaboard has seen its stock lose -6.09% over the past year.

3. Steel Partners Holdings (NYSE:SPLP)


Steel Partners Holdings (NYSE:SPLP) is the third best conglomerate stock with a Zen Score of 45, which is 15 points higher than the conglomerate industry average of 30. It passed 18 out of 38 due diligence checks and has strong fundamentals. Steel Partners Holdings has seen its stock lose -2.03% over the past year, overperforming other conglomerate stocks by 4 percentage points.

What are the conglomerate stocks with highest dividends?

Out of 6 conglomerate stocks that have issued dividends in the past year, the 3 conglomerate stocks with the highest dividend yields are:

1. Icahn Enterprises (NASDAQ:IEP)


Icahn Enterprises (NASDAQ:IEP) has an annual dividend yield of 15.83%, which is 11 percentage points higher than the conglomerate industry average of 4.67%. Icahn Enterprises's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Icahn Enterprises's dividend has shown consistent growth over the last 10 years.

Icahn Enterprises's dividend payout ratio of -1,403.5% indicates that its high dividend yield might not be sustainable for the long-term.

2. Compass Diversified Holdings (NYSE:CODI)


Compass Diversified Holdings (NYSE:CODI) has an annual dividend yield of 5.49%, which is 1 percentage points higher than the conglomerate industry average of 4.67%. Compass Diversified Holdings's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Compass Diversified Holdings's dividend has not shown consistent growth over the last 10 years.

Compass Diversified Holdings's dividend payout ratio of -1,000% indicates that its high dividend yield might not be sustainable for the long-term.

3. Matthews International (NASDAQ:MATW)


Matthews International (NASDAQ:MATW) has an annual dividend yield of 2.61%, which is -2 percentage points lower than the conglomerate industry average of 4.67%. Matthews International's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Matthews International's dividend has shown consistent growth over the last 10 years.

Matthews International's dividend payout ratio of -36.6% indicates that its dividend yield might not be sustainable for the long-term.

Why are conglomerate stocks down?

Conglomerate stocks were down -0.48% in the last day, and down -2.15% over the last week.

We couldn't find a catalyst for why conglomerate stocks are down.

What are the most undervalued conglomerate stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued conglomerate stocks right now are:

1. Seaboard (NYSEMKT:SEB)


Seaboard (NYSEMKT:SEB) is the most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Seaboard has a valuation score of 71, which is 37 points higher than the conglomerate industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Seaboard's stock has dropped -6.09% in the past year. It has performed in line with other stocks in the conglomerate industry.

2. Steel Partners Holdings (NYSE:SPLP)


Steel Partners Holdings (NYSE:SPLP) is the second most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Steel Partners Holdings has a valuation score of 71, which is 37 points higher than the conglomerate industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Steel Partners Holdings's stock has dropped -2.03% in the past year. It has overperformed other stocks in the conglomerate industry by 4 percentage points.

3. Cemtrex (NASDAQ:CETX)


Cemtrex (NASDAQ:CETX) is the third most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Cemtrex has a valuation score of 43, which is 9 points higher than the conglomerate industry average of 34. It passed 3 out of 7 valuation due diligence checks.

Cemtrex's stock has dropped -57.62% in the past year. It has underperformed other stocks in the conglomerate industry by -51 percentage points.

Are conglomerate stocks a good buy now?

57.14% of conglomerate stocks rated by analysts are a strong buy right now. On average, analysts expect conglomerate stocks to rise by 46.51% over the next year.

What is the average p/e ratio of the conglomerates industry?

The average P/E ratio of the conglomerates industry is -50.39x.
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.