Pilgrim's Pride Corporation (PPC) is trading at a price-to-earnings (P/E) multiple, which is far below the Zacks Food - Meat Products industry and S&P 500 averages. Pilgrim's Pride’s forward 12-month P/E ratio sits at 9.03, lower than the industry’s average of 15.33 and the S&P 500’s average of 21.48. The discounted valuation signals that the market might be underestimating the company’s growth prospects, creating an opportunity for better-than-anticipated performance.PPC stock is trading at a discount rela ...