CAT
Caterpillar
PE ratio, current and historical analysis
- Stocks
- Industrials
- NYSE: CAT
- PE Ratio
As of Jun 4, 2026, the Caterpillar stock's PE ratio is 46.6. This takes into account the latest EPS of $20.18 and stock price of $940.48. The PE ratio marks an increase of 70% from its last 4 quarters average of 27.4.
CAT PE ratio history
The PE ratio of Caterpillar has averaged 40.68 over the last ten years. The current P/E ratio of 46.6 is 15% higher than the historical average. Looking back at the last ten years, CAT's PE ratio peaked in the Jun 2017 quarter at 597, when the price was $107.46 and the EPS was $0.18. The lowest point was in the Sep 2019 quarter, when it reached 11.85 with a price of $126.31 and an EPS of $10.66.
Caterpillar PE ratio by year
Maximum annual increase: 142.69% in 2020
Maximum annual decrease: -90.14% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 30.31 | 85.27% | $572.87 | $18.9 |
| 2024 | 16.36 | 11.98% | $362.76 | $22.17 |
| 2023 | 14.61 | -22.41% | $295.67 | $20.24 |
| 2022 | 18.83 | 8.66% | $239.56 | $12.72 |
| 2021 | 17.33 | -47.53% | $206.74 | $11.93 |
| 2020 | 33.03 | 142.69% | $182.02 | $5.51 |
| 2019 | 13.61 | 11.28% | $147.68 | $10.85 |
| 2018 | 12.23 | -90.14% | $127.07 | $10.39 |
| 2017 | 124.08 | N/A | $157.58 | $1.27 |
| 2016 | N/A | N/A | $92.74 | -$0.11 |
| 2015 | 16.07 | -30.31% | $67.96 | $4.23 |
| 2014 | 23.06 | 49.06% | $91.53 | $3.97 |
| 2013 | 15.47 | 50.34% | $90.81 | $5.87 |
| 2012 | 10.29 | -13.24% | $89.61 | $8.71 |
| 2011 | 11.86 | -45.8% | $90.6 | $7.64 |
Caterpillar PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 35.11 | 15.84% | $708.46 | $20.18 |
| Dec 2025 | 30.31 | 24.32% | $572.87 | $18.9 |
| Sep 2025 | 24.38 | 23.95% | $477.15 | $19.57 |
| Jun 2025 | 19.67 | 22.94% | $388.21 | $19.74 |
| Mar 2025 | 16 | -2.2% | $329.8 | $20.61 |
| Dec 2024 | 16.36 | -9.41% | $362.76 | $22.17 |
| Sep 2024 | 18.06 | 19.6% | $391.12 | $21.66 |
| Jun 2024 | 15.1 | -8.26% | $333.1 | $22.06 |
| Mar 2024 | 16.46 | 12.66% | $366.43 | $22.26 |
| Dec 2023 | 14.61 | -5.07% | $295.67 | $20.24 |
| Sep 2023 | 15.39 | 0.98% | $273 | $17.74 |
| Jun 2023 | 15.24 | -9.45% | $246.05 | $16.15 |
| Mar 2023 | 16.83 | -10.62% | $228.84 | $13.6 |
| Dec 2022 | 18.83 | 58.9% | $239.56 | $12.72 |
| Sep 2022 | 11.85 | -16.61% | $164.08 | $13.85 |
CAT Price vs fair value
CAT average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, CAT's PE ratio is higher than its 3, 5 and 10-year averages.
PE comparison
With a price to earnings (P/E) of 46.6, CAT ranks higher than the Industrials sector, the industry and its peers average. In comparison with the Industrials sector average of 29.85, Caterpillar's price to earnings (P/E) is 56% higher.
CAT PE vs peers
CAT's PE ratio stands higher than its peer stocks GE and DE. Caterpillar is currently trading at a higher PE ratio (46.6) than its peers average of 38.44.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DE Deere & Co | 32.96 | $157.49B |
| CMI Cummins Inc | 33.64 | $89.86B |
| GE General Electric Co | 40.1 | $342.21B |
| ASTE Astec Industries Inc | 44.06 | $1.15B |
| CAT Caterpillar Inc | 44.81 | $416.54B |
Frequently asked questions
What is Caterpillar's PE ratio?
As of Jun 4, 2026, CAT stock has a price to earnings ratio of 46.6.
What is the 3-year average PE ratio for Caterpillar (CAT)?
As an average over the last 3 years, CAT stock has a PE ratio of 19.72.
What is the 5-year average PE ratio for Caterpillar (CAT)?
As an average over the last 5 years, CAT stock has a PE ratio of 19.08.
What is the highest PE ratio for CAT?
Over the last ten years, the quarterly PE ratio reached its highest level at 597 in the Jun 2017 quarter.
How does the current PE ratio for CAT compare to its historical average?
CAT's price to earnings ratio is currently 15% above its 10-year historical average.
How is CAT's PE ratio calculated (Caterpillar PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jun 4, 2026), Caterpillar's share price is $940.48. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $20.18. Therefore, Caterpillar's PE ratio for today is 46.6. PE RATIO(46.6) = STOCK PRICE($940.48) / TTM EPS($20.18)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.