STOCK COMPARISON
Deere & vs Caterpillar: Fair Value & Quality
Both stocks run through our valuation models. Here is how Deere & (DE) and Caterpillar (CAT) compare, as of Aug 8, 2026.
As of Aug 8, 2026, Fair Value Calculator sees Caterpillar as the less overvalued of the two: Deere & trades at $615 versus a fair value of $188 (-69%), while Caterpillar trades at $857 versus $308 (-64%).
Deere &
DE · USD · Industrials
-69%
upside to fair value
overvalued
Price$615
Fair Value$188
Quality57/100
Caterpillar
CAT · USD · Industrials
-64%
upside to fair value
overvalued
Price$857
Fair Value$308
Quality65/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Deere &Caterpillar
Valuation
33.4×P/E (TTM)47.2×
3.42×P/S (TTM)6.11×
6.23×P/B20.27×
22.9×EV/EBITDA31.1×
1.37×PEG2.25×
1.1%Dividend yield0.6%
$6.48Dividend per share$6.04
Profitability
10%Net margin13%
17%Operating margin18%
18%Return on equity51%
4%Return on assets9%
Growth
-11%Revenue growth (YoY)22%
-4.5%Avg. growth/yr (3Y)4.4%
5.2%Avg. growth/yr (5Y)10.1%
Balance & size
1.68×Debt / equity1.44×
$162BMarket cap$432B
mixedGrowth qualityhealthy
Caterpillar leads: 6 to 8 metric wins.
Dash = 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.
Deere &of which business quality 49 · market factors 64
Caterpillarof which business quality 62 · market factors 63
ProfitabilityMargins and returns on capital today
43
61
Quality GrowthAre margins and returns improving?
21
22
CashflowEarnings quality: real cash, not paper profit
46
68
Fin. StrengthBalance sheet, leverage, solvency risk
34
51
InvestmentDisciplined investing over empire-building
63
72
Low VolatilityCalm price path (market factor)
67
32
MomentumPrice trend over the last 3–12 months (market factor)
60
72
52W MomentumDistance to the 52-week high (market factor)
69
84
Net IssuanceBuybacks instead of dilution
100
100
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Deere &
DCF Models$208
Earnings-Based$144
Dividend Discount$109
Multiples$344
Asset-Based$64.37
Growth DCF$163
Economic Profit$178
Growth Earnings$332
26 of 26 models see the stock below the current price.
Caterpillar
DCF Models$360
Earnings-Based$151
Dividend Discount$111
Multiples$331
Asset-Based$31.01
Growth DCF$347
Economic Profit$220
Growth Earnings$345
26 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Deere &
Bear $123Fair Value $188Bull $434
$615 = current price (white tick)
Caterpillar
Bear $196Fair Value $308Bull $403
$857 = current price (white tick)
Compare two other stocks
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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.
Deere & · Industrials
Quality score57 · above median
Fair value upside-69% · bottom 25%
Caterpillar · Industrials
Quality score65 · Top 25%
Fair value upside-64% · bottom 25%
Bottom line
As of Aug 8, 2026, Fair Value Calculator sees Caterpillar as the less overvalued of the two: Deere & trades at $615 versus a fair value of $188 (-69%), while Caterpillar trades at $857 versus $308 (-64%).
Caterpillar has the higher quality score (65/100).
See the full analysis →
More comparisons
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
