CAT Caterpillar PE ratio, current and historical analysis
- Stocks
- Industrials
- NYSE: CAT
- PE Ratio
As of Jun 26, 2025, the Caterpillar stock's PE ratio is 18.53. This takes into account the latest EPS of $20.61 and stock price of $381.88. The PE ratio marks an increase of 13% from its last 4 quarters average of 16.4.
CAT PE ratio history
The PE ratio of Caterpillar has averaged 39.99 over the last ten years. The current P/E ratio of 18.53 is 54% 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 |
|---|---|---|---|---|
| Mar 2025 | 16 | -2.2% | $329.8 | $20.61 |
| Dec 2024 | 16.36 | -9.36% | $362.76 | $22.17 |
| Sep 2024 | 18.05 | 19.54% | $391.12 | $21.67 |
| 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 |
| Dec 2021 | 17.33 | -14.8% | $206.74 | $11.93 |
| Sep 2021 | 20.34 | -24.75% | $191.97 | $9.44 |
CAT Price vs fair value
CAT average PE ratio chart
Currently, CAT's PE ratio is higher than its 3-year average, but it is lower than its 5 and 10-year averages.
CAT PE vs peers
CAT's PE ratio stands lower than its peer stocks GE and DE, but it is higher than CMI's. Caterpillar is currently trading at a lower PE ratio (18.53) than its peers average of 35.17.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CMI Cummins Inc | 15.99 | $44.66B |
| CAT Caterpillar Inc | 18.53 | $179.88B |
| DE Deere & Co | 24.48 | $137.72B |
| GE General Electric Co | 38.73 | $267.66B |
| ASTE Astec Industries Inc | 61.49 | $956.07M |
Frequently asked questions
What is Caterpillar's PE ratio?
As of Jun 26, 2025, CAT stock has a price to earnings ratio of 18.53.
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 15.74.
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 19.16.
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 54% 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 (Jun 26, 2025), Caterpillar's share price is $381.88. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $20.61. Therefore, Caterpillar's PE ratio for today is 18.53. PE RATIO(18.53) = STOCK PRICE($381.88) / TTM EPS($20.61)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.