Sectors & Industries IndustrialsConglomerates
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

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
TRC	TEJON RANCH CO	NYSE	Conglomerates	$463.84M	$17.42	-0.46%	$27.83M	29.03x	0.19
SEB	SEABOARD CORP	NYSEMKT	Conglomerates	$4.33B	$3,731.33	-0.50%	$852.00M	7.47x	0.58
SPLP	STEEL PARTNERS HOLDINGS LP	NYSE	Conglomerates	$926.63M	$43.00	0.00%	$381.69M	4.76x	3.04
MDU	MDU RESOURCES GROUP INC	NYSE	Conglomerates	$5.84B	$28.66	-1.17%	$909.37M	15.83x	1.69
BBU	BROOKFIELD BUSINESS PARTNERS LP	NYSE	Conglomerates	$1.23B	$16.48	-1.38%	$5.60B	22.58x	12.66
IEP	ICAHN ENTERPRISES LP	NASDAQ	Conglomerates	$17.87B	$50.54	-0.16%	$928.00M	-88.67x	4.71
NNBR	NN INC	NASDAQ	Conglomerates	$47.79M	$1.09	-2.68%	$37.80M	-1.31x	1.59
IGC	INDIA GLOBALIZATION CAPITAL INC	NYSEMKT	Conglomerates	$18.26M	$0.34	2.38%	-$13.31M	-1.32x	0.10
CODI	COMPASS DIVERSIFIED HOLDINGS	NYSE	Conglomerates	$1.31B	$18.20	-0.82%	$209.35M	-182.00x	2.19
MATW	MATTHEWS INTERNATIONAL CORP	NASDAQ	Conglomerates	$1.05B	$34.51	-2.62%	$53.00M	-14.20x	2.77
CETX	CEMTREX INC	NASDAQ	Conglomerates	$8.20M	$9.94	15.72%	-$8.68M	-0.49x	3.93

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.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

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.