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STOCK COMPARISON

Deere vs Eaton: Fair Value & Quality

Both stocks run through our valuation models. Here is how Deere (DE) and Eaton (ETN) compare, as of Nov 5, 2026.

As of Nov 5, 2026, Fair Value Calculator sees Eaton as the less overvalued of the two: Deere trades at $663 versus a fair value of $263 (−60.3%), while Eaton trades at $327 versus $157 (−52.0%).
Deere
DE · USD · Industrials
−60.3%
upside to fair value
overvalued
Price$663
Fair Value$263
Quality53/100
Fair ValueQualityUptrend
Eaton
ETN · USD · Industrials
−52.0%
upside to fair value
overvalued
Price$327
Fair Value$157
Quality70/100
Fair ValueQualityUptrend
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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

DeereEaton
Valuation
37.8×P/E (TTM)31.1×
n/aForward P/E (FY2027)20.0×
18.2×Median P/E at FY-end (10 FY, ex one-offs where documented)27.6×
3.75×P/S (TTM)5.07×
6.92×P/B7.83× · book value is mostly goodwill
25.0×EV/EBITDA24.1×
1.59×PEG2.69×
−60.3%Fair value upside−52.0%
1.0%Dividend yield1.3%
$6.48Dividend per share$4.28
Profitability
13.4%Operating margin16.6%
1.49×EBIT margin trend (5Y)1.47×
18.2%Return on equity19.7%
4.7%Return on assets9.9%
Growth
4.9%Revenue growth (YoY)21.4%
-4.5%Avg. growth/yr (3Y)9.8%
5.2%Avg. growth/yr (5Y)9.0%
+13.8%Value creation/yr+19.3%
Balance & size
2.7×Interest coverage (EBIT/interest)19.8×
1.68×Debt / equity0.45×
$180BMarket cap$152B
weakGrowth qualityhealthy
Deere, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2020 ex one-offs: 18.2. Eaton, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 9 of the years ex one-offs: 27.6.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Eaton leads: 3 to 12 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.

Deere Eaton
ProfitabilityHow much profit the company makes from its sales and capital
43
59
Quality GrowthAre margins and returns getting better?
21
49
CashflowDo the profits arrive as real cash?
46
59
Financial strengthDebt, balance sheet and risk of trouble
34
69
InvestmentDoes it invest with discipline instead of growing at any price?
63
81
Low VolatilityHow calm the share price moves, does not count
66
44
Price momentumPrice momentum of the last 3 to 12 months, does not count
65
26
Near the 52-week highDistance to the 52-week high, does not count
82
15
New sharesBuys back shares or issues new ones?
92
87

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 familyDeerePrice $663EatonPrice $327
DCF Models−60.5%below the price$262−56.1%below the price$144
Earnings-Based−78.1%below the price$145−76.0%below the price$78.38
Dividend Discount−83.3%below the price$111−80.2%below the price$64.91
Multiples−51.7%below the price$321−44.5%below the price$182
Asset-Based−92.4%below the price$50.69n/a
Growth DCF−65.1%below the price$232−62.4%below the price$123
Economic Profit−73.5%below the price$176−71.0%below the price$94.93
Growth Earnings−47.6%below the price$348−41.9%below the price$190
Matching families7 of 8
Minimum−83.3%below the price$111−80.2%below the price$64.91
Maximum−47.6%below the price$348−41.9%below the price$190
Median−65.1%below the price$232−62.4%below the price$123
Geometric mean−68.1%below the price$212−64.3%below the price$117
Ahead family by family0 of 77 of 7

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 7 of 8), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: Eaton is ahead in 7 of 7 shared families, Deere in none.

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

Eaton: 24 of 24 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.

Deere
Price $663
Fair Value $263
Bear $124Bull $435
Eaton
Price $327
Fair Value $157
Bear $94.25Bull $234

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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 score53 · below median
Fair value upside−60.3% · bottom 25%

Eaton · Industrials

Quality score70 · Top 25%
Fair value upside−52.0% · bottom 25%

Bottom line

As of Nov 5, 2026, Fair Value Calculator sees Eaton as the less overvalued of the two: Deere trades at $663 versus a fair value of $263 (−60.3%), while Eaton trades at $327 versus $157 (−52.0%).

Eaton has the higher quality score (70/100).

Open Eaton live analysis →

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