White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
CNH Industrial N.V., an equipment company, engages in the develops, manufacture, and sale agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.
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CNH Industrial N.V., an equipment company, engages in the develops, manufacture, and sale agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services. The Agriculture segment develops, manufactures, distributes, and supports agriculture equipment, implements, and precision agriculture solutions, such as tractors, harvesters, hay and forage equipment, seeding and planting equipment, and self-propelled sprayers under Case IH, New Holland, STEYR, and Raven brands. The Construction segment develops, manufactures, distributes, and supports construction equipment comprising excavators, crawler dozers, graders, wheel loaders, backhoe loaders, skid steer loaders, and compact track loaders under the New Holland Construction, Case Construction, and Eurocomach brands. The Financial Services segment provides and administers financing to end-use customers for the purchase of new and used agricultural and construction equipment and components, as well as revolving charge account financing and other financial services under the Banco CNH brand. This segment also offers wholesale financing to CNH dealers and distributors, as well as trade receivables factoring services. CNH Industrial N.V. was founded in 1842 and is headquartered in Basildon, the United Kingdom
CNH Industrial N.V (1CNHI) currently trades at €11.68, while our model-based Fair Value estimate is €6.97, 40.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €13.40 per share, and 9 of the 23 models we run sit above the €11.68 price.
Bear case: the Dividend Discount group reads lowest at €2.40, and 14 of the 23 models stay below the price. Evidence for this calculation is high.
Scenario range: €4.10 (bear) to €9.59 (bull), the price of €11.68 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
CNH Industrial N.V reported revenue of $18.1B in FY2025 versus $19.5B in FY2021, a compound −1.8%/yr. Reported net income was $510M in FY2025, compounding −26.4%/yr from FY2021.
Key figures
Market cap €14.5B · P/E ratio 41.7 · P/S ratio 1.18 · EPS (TTM) €0.2800 · Dividend yield 0.9% · Net margin 2.8% · Return on equity 4.8% · Return on assets (EBIT) 7.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 49% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −40%, 1CNHI screens richer than that median.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.1361 per share) are deliberately not added.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF
€7.33
€14.20
€26.91
76
Residual Income
€4.51
€4.75
€5.15
76
Growth DCF
€8.15
€14.81
€26.20
75
All 23 models by family
DCF Models
FCF DCF
€7.33
€14.20
€26.91
76
5Y Revenue Exit
€5.79
€12.99
€23.45
69
5Y EBITDA Exit
€9.20
€18.90
€31.74
72
5Y P/E Exit
n/a
€2.29
€5.54
68
10Y Revenue Exit
€5.83
€11.25
€17.05
65
10Y EBITDA Exit
€8.33
€14.91
€21.92
67
10Y P/E Exit
€2.51
€4.64
€6.54
63
Earnings-Based
Graham-Dodd
€2.48
€3.04
€3.42
67
EPV
€4.97
€7.49
€9.70
70
Dividend Discount
Gordon GGM
€2.19
€2.40
€2.71
69
DDM Multi-Stage
€2.19
€2.75
€3.53
67
Multiples
P/E Multiple
€5.75
€7.67
€9.59
63
P/S Multiple
€4.66
€6.21
€7.76
58
P/B Multiple
€4.66
€6.21
€7.76
55
EV/EBIT
€15.47
€24.01
€32.55
65
EV/EBITDA
€13.84
€21.83
€29.83
66
EV/Revenue
€6.19
€13.19
€20.19
51
Asset-Based
NCAV (Graham)
€2.77
€3.71
€5.54
54
Growth DCF
Growth DCF
€8.15
€14.81
€26.20
75
Rev-Margin DCF
€5.79
€13.40
€22.74
69
Economic Profit
Residual Income
€4.51
€4.75
€5.15
76
ROIC Compounder
€4.97
€7.76
€10.89
70
Growth Earnings
Growth-Adj P/E
€4.06
€5.80
€7.55
67
Open the full fair value analysis →
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Is CNH Industrial N.V (1CNHI) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of €6.97 versus a price of €11.68, about −40% upside (overvalued).
What is the fair value of 1CNHI?
Our model-based fair value for CNH Industrial N.V is €6.97 (as of Oct 3, 2026), built from audited fundamentals. The current price: €11.68.
What is the quality score of 1CNHI?
CNH Industrial N.V has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for CNH Industrial N.V (1CNHI)?
Our model-based price target is the fair value of €6.97 (as of Oct 3, 2026) from 23 valuation models. Cautious scenario €4.10, optimistic scenario €9.59. It is a calculation from audited fundamentals, not an analyst target.
What is the CNH Industrial N.V stock forecast for 2026?
Our models put fair value at €6.97, about −40% upside versus a price of €11.68 (overvalued). Cautious scenario €4.10, optimistic scenario €9.59. The calculation is refreshed regularly with new filings.
What is the revenue of CNH Industrial N.V (1CNHI)?
CNH Industrial N.V reported trailing-twelve-month revenue of about $18.1B (latest available figure, as of Oct 3, 2026).
Does CNH Industrial N.V pay a dividend?
CNH Industrial N.V currently shows a dividend yield of about 0.86% relative to its recent price (as of Oct 3, 2026).
What growth is priced into CNH Industrial N.V (1CNHI)?
For today's price to be fair in a discounted-cash-flow model, CNH Industrial N.V would have to grow free cash flow by +22.3 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.3 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of 1CNHI use?
Our models discount CNH Industrial N.V at 12.1 %: a base by market capitalisation (large), damped by beta 1.23, country premium for Italy. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For CNH Industrial N.V that is +22.3 % per year a year over ten years, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has CNH Industrial N.V (1CNHI) delivered so far?
Over the past 5 years revenue at CNH Industrial N.V grew +4.3 % a year. The price currently implies +22.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of CNH Industrial N.V (1CNHI) growing?
The median revenue growth in the sector is +7.3 % a year. That is the yardstick for the growth priced into CNH Industrial N.V (+22.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CNH Industrial N.V (1CNHI)?
The free-cash-flow yield on the price is 8.20 %: that much free cash flow CNH Industrial N.V produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CNH Industrial N.V (1CNHI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CNH Industrial N.V it is €6.97 per share (as of Oct 3, 2026), against a price of €11.68. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is CNH Industrial N.V stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 1CNHI trades above its calculated fair value: price €11.68, fair value €6.97, a gap of about −40% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 1CNHI?
No. The price is what the market pays today (€11.68); the fair value is what the company's own numbers justify (€6.97). For CNH Industrial N.V the two are €4.71 per share apart. That gap is exactly why we show both numbers side by side.
How much is CNH Industrial N.V worth?
The market values CNH Industrial N.V at about €14.5B (market capitalisation, as of Oct 3, 2026). Per share that is €11.68; our models calculate a fair value of €6.97 per share.
What do the bullish and bearish scenarios say about 1CNHI?
Our models span a range for CNH Industrial N.V: cautious scenario €4.10, base €6.97, optimistic €9.59 per share (as of Oct 3, 2026, price €11.68). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 1CNHI from its 52-week high?
CNH Industrial N.V trades at €11.68, about 6% below its 52-week high of €12.38 and 49% above the low of €7.86 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €6.97 is for.
Which stocks are comparable to CNH Industrial N.V?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, PACCAR Inc, Daimler Truck Holding, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is CNH Industrial N.V stock attractive at the current price?
The data as of Oct 3, 2026: price €11.68, calculated fair value €6.97 (−40%), Quality Score 47/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 1CNHI calculated?
We run CNH Industrial N.V through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €6.97, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. CNH Industrial N.V itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on
is it worth investing now.
What is the share price of CNH Industrial N.V (1CNHI)?
The closing price on Oct 2, 2026 was €11.68. Our model-based fair value is €6.97, about −40% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CNH Industrial N.V right now?
The price sits above even our optimistic bull case (€9.59). The favourable scenario is already priced in. Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€4.10 to €9.59) leaves room in how you read the outcome.
Key figures of CNH Industrial N.V
How large is the market capitalisation of CNH Industrial N.V (1CNHI)?
The market capitalisation of CNH Industrial N.V is €14.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of CNH Industrial N.V (1CNHI)?
The price-to-earnings ratio of CNH Industrial N.V is 41.7. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of CNH Industrial N.V (1CNHI)?
The price-to-sales ratio of CNH Industrial N.V is 1.18 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of CNH Industrial N.V (1CNHI)?
Earnings per share at CNH Industrial N.V are €0.2800 (price ÷ EPS = P/E 41.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CNH Industrial N.V (1CNHI)?
The dividend yield of CNH Industrial N.V is 0.9% (payout 35.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of CNH Industrial N.V (1CNHI)?
The net margin of CNH Industrial N.V is 2.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of CNH Industrial N.V (1CNHI)?
The return on equity (ROE) of CNH Industrial N.V is 4.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of CNH Industrial N.V (1CNHI)?
On an EBIT basis the return on assets of CNH Industrial N.V is 7.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of CNH Industrial N.V (1CNHI)?
The operating margin of CNH Industrial N.V is 2.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CNH Industrial N.V (1CNHI)?
Revenue at CNH Industrial N.V is growing −0.1% versus a year earlier (3y avg −8.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at CNH Industrial N.V (1CNHI)?
Earnings per share at CNH Industrial N.V are growing −94.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does CNH Industrial N.V (1CNHI) carry?
The net debt of CNH Industrial N.V is $24.2B (fiscal year 2025, ≈ 18.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
