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However, figuring out what counts as a “fair” PE ratio is not always straightforward. Higher expected growth and lower perceived risk generally justify a higher PE, while slower growth or higher risk tends to depress the multiple. It is important to consider more than just today’s number in isolation.

Hormel Foods currently trades at a PE ratio of 16.27x. That is below the industry average of 19.46x but higher than the peer average of 8.46x. To put this into proper context, Simply Wall St’s Fair Ratio for Hormel comes in at 16.68x. The Fair Ratio is a proprietary metric that goes beyond simple comparisons with peers or the industry. It incorporates important variables like future earnings growth, profit margins, risk factors, and Hormel’s market size, producing a more complete picture of what the stock should realistically be worth.

Comparing Hormel’s actual PE with its Fair Ratio, the numbers are close with just a 0.41 difference. This suggests that based on these tailored factors, the stock is trading near what would be considered fair value using the PE approach.

Result: ABOUT RIGHT

PE ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1420 companies where insiders are betting big on explosive growth.

Earlier we mentioned that there is an even better way to understand valuation, so let’s introduce you to Narratives, a powerful, story-driven approach offered on Simply Wall St’s Community page.

A Narrative is a concise story you create to connect your unique perspective on a company with specific numbers: your fair value estimate and what you believe future revenue, earnings, and profit margins will be. Instead of just relying on past financial ratios or analyst benchmarks, Narratives let you spell out the “why” behind your numbers, tying Hormel Foods’ business context, market changes, and risks directly to a real-world forecast.

This framework links a company’s evolving story to your forecast and, from there, to a clear fair value. It makes it easy to see how current news or earnings could change your outlook. Narratives are updated dynamically as new information arrives, keeping your analysis relevant and actionable for investment decisions. They are used by millions of investors on Simply Wall St.

For Hormel Foods, for example, one investor might be bullish, seeing opportunities from health-focused product innovation and assign a high fair value, while another focuses on industry headwinds or weak profit guidance and sets a much lower price. Narratives put these perspectives side by side, helping you decide which story and assessment fits your conviction.

Do you think there’s more to the story for Hormel Foods? Head over to our Community to see what others are saying!

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include HRL.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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An HPE spokesperson said the company disagrees with the ruling, but is confident “that an objective examination of the facts of this case will conclude that the settlement was reached appropriately.”

The DOJ agreed to drop its claims in June ahead of a scheduled trial in exchange for HPE agreeing to license some of Juniper’s AI technology to competitors and sell off a unit that caters to small and mid-sized businesses.

Last week, the DOJ proposed additional terms requiring that HPE sell its Instant On wireless networking business to a viable competitor and barring HPE from buying it back for ten years.

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Australia’s work health and safety (WHS) laws impose strict duties on employers, officers, and workers to ensure the health and safety of everyone in the workplace. Understanding these duties and applying them through robust governance frameworks is essential – particularly in high-risk environments such as aviation, shipping, mining, and construction, or in highly regulated industries such as banking, insurance, and superannuation.

Regulatory Framework

Australia operates under a harmonised WHS regime in most jurisdictions, based on the Model Work Health and Safety Act and Regulations. However, key differences exist in Victoria and Western Australia, which retain separate legislative schemes.

Primary federal legislation (harmonised jurisdictions):

• Work Health and Safety Act 2011 (Cth) — applies to Commonwealth agencies and certain national workplaces (including Comcare-regulated entities).
• Equivalent state/territory WHS Acts — largely aligned with the model WHS laws in NSW, QLD, SA, TAS, ACT, and NT.

Non-harmonised jurisdictions:

• Occupational Health and Safety Act 2004 (Vic)
• Work Health and Safety Act 2020 (WA) — partially harmonised but with notable variations.

Duties and Responsibilities

For Employers

A person conducting a business or undertaking (PCBU) must:

• Ensure, so far as reasonably practicable, the health and safety of workers and others affected by work.
• Implement safe systems of work, provide training, maintain safe plant and structures, and control workplace risks.

For Officers (Directors, Executives)

• Exercise due diligence to ensure the PCBU complies with WHS obligations, including:

  • Staying informed about WHS matters
  • Ensuring appropriate resources and processes for risk management
  • Verifying compliance

• For officers and boards operating in banking, insurance, and superannuation industries, additional obligations may arise under the Australian Prudential Regulatory Authority (APRA) Prudential Standards: CPS 220 (Risk Management) and CPS 510 (Governance).

For Workers

• Take reasonable care for their own safety
• Follow lawful and reasonable instructions
• Use personal protective equipment (PPE) and report hazards

State and Federal Legislative Comparison Table

Recommendations for Avoiding WHS Breaches

• Integrate WHS into Board Governance — align WHS KPIs with prudential and insurance risk metrics.
• Regular Safety Audits — tailored to industry-specific hazards (e.g., confined spaces, aviation maintenance, port operations).
• Contractual Risk Allocation — ensure WHS obligations are clearly allocated and monitored in contracts.
• Training and Competency Verification — especially for high-risk tasks and remote operations.
• Crisis and Incident Response Planning — cross-functional plans covering WHS, regulatory notifications, and insurance claims.

Final word

WHS compliance is not just about avoiding prosecution — it is about safeguarding your workforce, your reputation, and your licence to operate. Embedding safety into your governance, culture, and operational processes will deliver long-term resilience and protect against regulatory and commercial risk.

Clyde & Co’s Corporate Advisory team is working with global clients to align contracts, policies, and operational practices with Australia’s new Right to Disconnect laws. We support legal compliance, deliver global communications training, and help manage cross-border cultural expectations in a post-reform environment.

For further advice, contact the team at Clyde & Co.

By Emily Bary

Alphabet’s stock has already doubled off its 2025 lows, but an analyst is still upbeat about Google’s resilience in search and its growing presence in semiconductors

Alphabet’s cloud business can dramatically outgrow Amazon’s through 2027, according to a Loop Capital analyst.

The hottest “Magnificent Seven” stock of the year could keep climbing, according to an analyst who just turned bullish on Alphabet shares.

Rob Sanderson of Loop Capital said Alphabet (GOOG) (GOOGL) has efficiently climbed the “wall of worry,” putting to bed fears that dogged the stock earlier this year. Sanderson is admittedly late to the game, with Alphabet’s stock roughly doubling off its 2025 lows and leading the Magnificent Seven group of megacap tech names with its 51% year-to-date gain, but he sees plenty of catalysts that could drive further price appreciation.

For one, the Google search business looks “as healthy as ever” – despite worries earlier this year about the threat posed by OpenAI’s ChatGPT.

Don’t miss: These 13 tech stocks have grown profits rapidly – and they’re still on sale

“Continued strength is disproving concerns (or at least postponing concerns) that AI chatbots are encroaching on Google as a primary starting point for the information seeking journey of users,” Sanderson wrote. “Strength is impressive considering Amazon pulled out of search ads in July and outsized growth in insurance as a category was expected to normalize” against tougher comparisons.

And Alphabet certainly isn’t sitting still when it comes to its own artificial-intelligence efforts, including with its Gemini large language model. “Through the year, Gemini has closed or overtaken leading modelbenchmarks in key areas and the company is now flexing its distribution muscle,” Sanderson noted.

Now excitement is building for Gemini 3.0, the next iteration of the model, which launched Tuesday.

See more: Google’s Gemini 3 is finally here. Can it power Alphabet’s stock even higher?

That said, there are risks to Alphabet’s moves in AI. Even its CEO sees some “irrationality” in the current AI mania. “I think no company is going to be immune, including us,” he told BBC when asked how Google would fare if the AI bubble burst.

So far, AI has been a boon to Alphabet’s cloud business, which is another element of the Google story that excites Sanderson. He thinks that unit alone is worth more than $1 trillion to Google. The business “has been on a big upswing,” with its backlog more than doubling over a five-quarter period, he noted.

Google Cloud should be able to “meaningfully outgrow” Amazon’s (AMZN) AWS cloud business through 2027, according to Sanderson, though he acknowledged that Alphabet’s performance is coming off a revenue base less than half the size of its major rival’s.

He is also upbeat about Alphabet’s custom chips known as tensor processing units, which he sees “becoming a big deal” for the company and within the industry, while helping Google stand out to cloud customers.

“Impressive price-performance benchmarks are making the Google TPU a differentiated driver for the cloud business as the company makes this internal advantage on compute economics available to third-party customers,” Sanderson wrote.

He moved to a buy rating from a prior hold stance on Alphabet’s stock. Sanderson’s $320 target price is 12% above current levels.

Read: One of Warren Buffett’s last moves as Berkshire CEO was to buy this ‘Magnificent Seven’ tech stock

-Emily Bary

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

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Gold steadied as investors weighed a decline in global equities, unease over lofty tech valuations and fading expectations of an interest-rate cut in the US.

Bullion was trading around $4,070 an ounce, having ended the previous session up 0.6%. A high-stakes earnings report from Nvidia Corp. due Wednesday will test investors’ nerves over stocks linked to artificial-intelligence developments. While gold often performs well when investors seek refuge from market turmoil, it can also suffer in the short term as traders are forced to unwind leveraged positions.