As at May 6, 2024, the DE stock has a price-to-earnings ratio of 11.65. This is based on the current EPS of $34.5 and the stock price of $401.84 per share. The current PE ratio is comparable to the past four-quarter average.
The mean historical PE ratio of Deere over the last ten years is 17.68. The current 11.65 price-to-earnings ratio is 34% less than the historical average. In the past ten years, DE's PE ratio reached its highest point in the Jan 2018 quarter at 38.36, with a price of $171.49 and an EPS of $4.47. The Jul 2014 quarter saw the lowest point at 9.47, with a price of $85.11 and an EPS of $8.99.
Maximum annual increase: 50.38% in 2020
Maximum annual decrease: -38.72% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 10.38 | -38.72% |
| 2022 | 16.94 | -5.26% |
| 2021 | 17.88 | -30.59% |
| 2020 | 25.76 | 50.38% |
| 2019 | 17.13 | -5.46% |
| 2018 | 18.12 | -8.07% |
| 2017 | 19.71 | 7.82% |
| 2016 | 18.28 | 36.11% |
| 2015 | 13.43 | 36.76% |
| 2014 | 9.82 | 10.09% |
DE's current P/E ratio is lower than the 3, 5 and 10-year averages.
When compared to its peers CAT and TTC, DE's PE ratio is lower, but it is higher than AGCO's. Deere's current PE ratio of 11.65 is less than the average of its peers, which is 18.57.
| Stock name | PE ratio | Market cap |
|---|---|---|
| AGCO Agco Corp | 7.8 | $8.62B |
| DE Deere & Co | 11.65 | $111.86B |
| CAT Caterpillar Inc | 15.37 | $167.38B |
| LNN Lindsay Corp | 18.9 | $1.31B |
| TTC Toro Co | 32.21 | $9.28B |
As of May 6, 2024, DE stock has a price to earnings ratio of 11.65.
The average PE ratio for DE stock over the past 3 years is 15.93.
The average PE ratio for DE stock over the past 5 years is 17.74.
Over the last ten years, the quarterly PE ratio reached a historic high of 38.36 in the Jan 2018 quarter.
DE's current price to earnings ratio is 34% below its 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 6, 2024), Deere's stock price is $401.84. The earnings per share for the trailing twelve months (TTM) ending Jan 2024 is $34.5. Therefore, Deere's price to earnings ratio for today is 11.65. PE RATIO(11.65) = STOCK PRICE($401.84) / TTM EPS($34.5)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.