As of Apr 26, 2024, the Caterpillar stock's PE ratio is 16.97. This takes into account the latest EPS of $20.24 and stock price of $343.38. The PE ratio marks an increase of 9% from its last 4 quarters average of 15.5.
The PE ratio of Caterpillar has averaged 40.86 over the last ten years. The current P/E ratio of 16.97 is 58% lower 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 11.84 with a price of $126.31 and an EPS of $10.67.
Maximum annual increase: 142.69% in 2020
Maximum annual decrease: -90.14% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 14.61 | -22.41% |
| 2022 | 18.83 | 8.66% |
| 2021 | 17.33 | -47.53% |
| 2020 | 33.03 | 142.69% |
| 2019 | 13.61 | 11.28% |
| 2018 | 12.23 | -90.14% |
| 2017 | 124.08 | N/A |
| 2016 | N/A | N/A |
| 2015 | 16.07 | -30.31% |
| 2014 | 23.06 | 49.06% |
Currently, CAT's PE ratio is lower than its 3, 5 and 10-year averages.
CAT's PE ratio stands lower than its peer stocks GE and CMI, but it is higher than DE's. Caterpillar is currently trading at a lower PE ratio (16.97) than its peers average of 37.26.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DE Deere & Co | 11.4 | $109.49B |
| CAT Caterpillar Inc | 16.97 | $175.17B |
| ASTE Astec Industries Inc | 29.01 | $969.78M |
| GE General Electric Co | 52.54 | $177.71B |
| CMI Cummins Inc | 56.1 | $41.3B |
As of Apr 26, 2024, CAT stock has a price to earnings ratio of 16.97.
As an average over the last 3 years, CAT stock has a PE ratio of 17.3.
As an average over the last 5 years, CAT stock has a PE ratio of 18.49.
Over the last ten years, the quarterly PE ratio reached its highest level at 597 in the Jun 2017 quarter.
CAT's price to earnings ratio is currently 58% below its 10-year historical average.
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 (Apr 26, 2024), Caterpillar's share price is $343.38. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $20.24. Therefore, Caterpillar's PE ratio for today is 16.97. PE RATIO(16.97) = STOCK PRICE($343.38) / TTM EPS($20.24)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.