CAT Caterpillar PE ratio, current and historical analysis
- Stocks
- Industrials
- NYSE: CAT
- PE Ratio
As of Nov 5, 2025, the Caterpillar stock's PE ratio is 29.1. This takes into account the latest EPS of $19.56 and stock price of $569.15. The PE ratio marks an increase of 52% from its last 4 quarters average of 19.1.
CAT PE ratio history
The PE ratio of Caterpillar has averaged 40.15 over the last ten years. The current P/E ratio of 29.1 is 28% 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 11.85 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 |
|---|---|---|---|---|
| 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 |
| 2010 | 21.88 | -44.33% | $93.66 | $4.28 |
Caterpillar PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Sep 2025 | 24.39 | 23.93% | $477.15 | $19.56 |
| Jun 2025 | 19.68 | 22.92% | $388.21 | $19.73 |
| Mar 2025 | 16.01 | -2.14% | $329.8 | $20.6 |
| 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 |
| Jun 2022 | 14.21 | -23.4% | $178.76 | $12.58 |
| Mar 2022 | 18.55 | 7.04% | $222.82 | $12.01 |
CAT Price vs fair value
CAT average PE ratio chart
Currently, CAT's PE ratio is higher than its 3 and 5-year averages, but it is lower than its 10-year average.
PE comparison
With a price to earnings (P/E) of 29.1, CAT ranks higher than the Industrials sector, the industry and its peers average. In comparison with the Industrials sector average of 25.78, Caterpillar's price to earnings (P/E) is 13% higher.
CAT PE vs peers
CAT's PE ratio stands lower than its peer stock GE, but it is higher than DE's and CMI's. Caterpillar is currently trading at a higher PE ratio (29.1) than its peers average of 26.99.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CMI Cummins Inc | 21.61 | $63.8B |
| ASTE Astec Industries Inc | 22.46 | $1.04B |
| DE Deere & Co | 24.66 | $128.05B |
| CAT Caterpillar Inc | 29.31 | $268.3B |
| GE General Electric Co | 40.05 | $319.4B |
Frequently asked questions
What is Caterpillar's PE ratio?
As of Nov 5, 2025, CAT stock has a price to earnings ratio of 29.1.
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 17.25.
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 19.3.
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 28% below 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 (Nov 5, 2025), Caterpillar's share price is $569.15. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2025 is $19.56. Therefore, Caterpillar's PE ratio for today is 29.1. PE RATIO(29.1) = STOCK PRICE($569.15) / TTM EPS($19.56)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.