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STOCK COMPARISON

Caterpillar vs Manitowoc Company: Fair Value & Quality

Both stocks run through our valuation models. Here is how Caterpillar (CAT) and Manitowoc Company (MTW) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Caterpillar as the less overvalued of the two: Caterpillar trades at $812 versus a fair value of $308 (-62%), while Manitowoc Company trades at $22.48 versus $3.65 (-84%).
Caterpillar
CAT · USD · Industrials
-62%
upside to fair value
overvalued
Price$812
Fair Value$308
Quality65/100
Manitowoc Company
MTW · USD · Industrials
-84%
upside to fair value
overvalued
Price$22.48
Fair Value$3.65
Quality45/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

CaterpillarManitowoc Company
Valuation
40.8×P/E (TTM)107.0×
6.11×P/S (TTM)0.36×
20.27×P/B1.17×
31.1×EV/EBITDA10.0×
2.25×PEG2.88×
−62.1%Fair value upside−83.8%
0.7%Dividend yieldn/a
$6.04Dividend per sharen/a
Profitability
18%Operating margin1%
1.52×EBIT margin trend (5Y)0.96×
51%Return on equity1%
9%Return on assets2%
Growth
22%Revenue growth (YoY)5%
4.4%Avg. growth/yr (3Y)3.3%
10.1%Avg. growth/yr (5Y)9.2%
+12.7%Value creation/yr+4.4%
Balance & size
10.9×Interest coverage (EBIT/interest)1.6×
1.44×Debt / equity0.64×
$432BMarket cap$811M
healthyGrowth qualityexpensive

Caterpillar leads: 11 to 4 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Caterpillarof which business quality 62 · market factors 57 Manitowoc Companyof which business quality 46 · market factors 73
ProfitabilityMargins and returns on capital today
61
37
Quality GrowthAre margins and returns improving?
22
33
CashflowEarnings quality: real cash, not paper profit
68
33
Fin. StrengthBalance sheet, leverage, solvency risk
51
40
InvestmentDisciplined investing over empire-building
72
78
Low VolatilityCalm price path (market factor)
32
10
MomentumPrice trend over the last 3–12 months (market factor)
61
100
52W MomentumDistance to the 52-week high (market factor)
79
99
Net IssuanceShare count: buybacks or dilution?
100
72

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyCaterpillarPrice $812Manitowoc CompanyPrice $22.48
DCF Models-53%below the price$383-37%below the price$14.08
Earnings-Based-81%below the price$151-91%below the price$2.13
Dividend Discount-86%below the price$111n/a
Multiples-61%below the price$314-66%below the price$7.58
Asset-Based-96%below the price$31.01-42%below the price$12.97
Growth DCF-57%below the price$345n/a
Economic Profit-73%below the price$220-68%below the price$7.17
Growth Earnings-56%below the price$361-84%below the price$3.65
Minimum-96%below the price$31.01-91%below the price$2.13
Maximum-53%below the price$383-37%below the price$14.08
Median-67%below the price$267-67%below the price$7.38
Geometric mean-77%below the price$190-71%below the price$6.52

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Caterpillar: 26 of 26 models see the stock below the current price.

Manitowoc Company: 14 of 15 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Caterpillar
Price $812
Fair Value $308
Bear $204Bull $462
Manitowoc Company
Price $22.48
Fair Value $3.65
Bear $3.16Bull $4.75

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Caterpillar · Industrials

Quality score65 · Top 25%
Fair value upside-62% · bottom 25%

Manitowoc Company · Industrials

Quality score45 · below median
Fair value upside-84% · bottom 25%

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Caterpillar as the less overvalued of the two: Caterpillar trades at $812 versus a fair value of $308 (-62%), while Manitowoc Company trades at $22.48 versus $3.65 (-84%).

Caterpillar has the higher quality score (65/100).

Open Caterpillar live analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.