US · CAT
Caterpillar Inc.
- Sector
- Industrials · Agricultural - Machinery
- Headquarters
- Deerfield, IL 60015
- Website
- caterpillar.com
Price · as of 2025-12-31
$889.67
Market cap 347.63B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $459.18 | -48.39% |
| Intrinsic Value(DCF) | $492.89 | -44.6% |
| Graham-Dodd Method(GD) | $41.00 | -95.39% |
| Graham Formula(GF) | $231.06 | -74.03% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $77.43 | $76.03 | $459.50 | $20.25 | $363.21 |
| 2012 | $65.03 | $65.27 | $1,051.16 | $22.59 | $150.71 |
| 2013 | $71.62 | $51.34 | $4.06 | $25.01 | $0.00 |
| 2014 | $60.13 | $54.74 | $0.00 | $0.00 | $29.26 |
| 2015 | $57.56 | $60.35 | $4.94 | $0.00 | $0.00 |
| 2016 | $75.69 | $64.56 | $0.23 | $0.00 | $1.04 |
| 2017 | $133.17 | $101.83 | $10.08 | $0.00 | $32.30 |
| 2018 | $113.21 | $113.57 | $29.33 | $15.71 | $287.33 |
| 2019 | $107.67 | $116.29 | $44.92 | $12.24 | $71.61 |
| 2020 | $208.85 | $142.05 | $12.15 | $0.00 | $0.00 |
| 2021 | $199.93 | $169.59 | $17.37 | $14.02 | $348.00 |
| 2022 | $216.21 | $187.27 | $15.29 | $14.25 | $305.52 |
| 2023 | $329.62 | $279.57 | $1,257.45 | $53.69 | $412.39 |
| 2024 | $345.55 | $298.53 | $331.93 | $58.60 | $108.17 |
| 2025 | $752.32 | $459.18 | $33.75 | $41.00 | $231.06 |
AI valuation
Our deep-learning model estimates Caterpillar Inc.'s (CAT) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $459.18
- Current price
- $889.67
- AI upside
- -48.39%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$492.89
-44.6% upside
Graham-Dodd
$41.00
-95.39% upside
Graham Formula
$231.06
-74.03% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| CAT | Caterpillar Inc. | $889.67 | 347.63B | -48% | -45% | -95% | -74% | 39.51 | 16.46 | 5.19 | 25.87 | — | 22.27 | 32.34% | 16.59% | 13.13% | 43.53% | 16.14% | 9.53% | 2.03 | 10.88 | 1.44 | 0.86 | 2.25 | -1460.00% | 429.00% | 1649.00% | 2.93% | 0.32 | 19.44% | 0.78% | 31.00% | 2.26% | 34.28 | 37.41 | 5.69 | 4.91 |
| AGCO | AGCO Corporation | $136.50 | 10.19B | -36% | -60% | -54% | — | 14.03 | 2.39 | 1.01 | 12.07 | — | 5.99 | 24.75% | 6.93% | 7.21% | 18.13% | 11.64% | 6.29% | 0.63 | 10.52 | 1.39 | 0.52 | 1.83 | -27135.00% | -1355.00% | 14956.00% | 7.26% | 0.26 | 12.33% | 0.85% | 11.90% | 6.64% | 17.20 | 16.24 | 1.19 | 2.73 |
| ASTE | Astec Industries, Inc. | $62.09 | 1.42B | -38% | -59% | -51% | -57% | 37.72 | 2.15 | 1.04 | 15.86 | 4.81 | 2.15 | 26.53% | 4.64% | 2.75% | 5.88% | 6.01% | 3.22% | 0.47 | 3.54 | 2.49 | 0.89 | 2.29 | 78421.00% | 807.00% | 76000.00% | 1.47% | 0.19 | 2.70% | 0.81% | 30.70% | 0.86% | 26.12 | 79.59 | 1.21 | 2.90 |
| DE | Deere & Company | $629.71 | 170.7B | -40% | -68% | -88% | — | 26.30 | 5.10 | 2.96 | 16.00 | — | 6.48 | 36.48% | 18.84% | 11.25% | 20.61% | 8.40% | 4.71% | 2.46 | 2.65 | 2.31 | 2.06 | 4.78 | -2779.00% | -1159.00% | -2705.00% | 2.44% | 0.23 | 4.04% | 1.30% | 34.20% | 4.04% | 22.16 | 57.71 | 4.17 | 2.94 |
| ETN | Eaton Corporation plc | $375.92 | 146.01B | -37% | -46% | — | -49% | 35.82 | 7.54 | 5.34 | 26.38 | 354.48 | -104.80 | 37.59% | 19.05% | 14.90% | 21.58% | 15.49% | 10.27% | 0.57 | 19.81 | 1.32 | 0.66 | 1.77 | 1011.00% | 1033.00% | 2708.00% | 3.05% | 0.48 | 15.97% | 1.11% | 39.80% | 2.38% | 30.00 | 35.08 | 5.72 | 5.21 |
| GE | GE Aerospace | $342.26 | 361.02B | -39% | -11% | -91% | -39% | 42.41 | 19.75 | 8.05 | 31.25 | 117.07 | 68.42 | 36.83% | 19.13% | 18.98% | 45.76% | 29.05% | 6.80% | 1.10 | 10.40 | 1.04 | 0.71 | 0.67 | 3623.00% | 1848.00% | 9750.00% | 1.97% | 0.22 | 27.99% | 0.39% | 16.70% | 2.44% | 42.99 | 51.90 | 8.22 | 3.52 |
| HY | Hyster-Yale Materials Han… | $36.83 | 653.08M | +67% | -54% | +20% | +178% | 5.17 | 1.57 | 0.17 | 3.96 | 46.80 | 1.93 | 20.79% | 5.68% | 3.30% | 33.34% | 17.88% | 7.02% | 1.14 | 7.24 | 1.35 | 0.55 | 1.48 | 1105.00% | 461.00% | 659.00% | 16.48% | 0.16 | 13.63% | 3.22% | 16.60% | 11.52% | 4.87 | 9.69 | 0.28 | 3.29 |
| PCAR | PACCAR Inc | $126.09 | 66.31B | -32% | -50% | — | — | 27.55 | 3.40 | 2.30 | 13.39 | — | 3.40 | 16.23% | 10.41% | 8.35% | 12.92% | 13.86% | 5.41% | 0.00 | 8.55 | 1.70 | 1.42 | -2.20 | -4291.00% | -1550.00% | 462.00% | 4.63% | 0.56 | 18.05% | 3.46% | 95.40% | 31.16% | 18.97 | 18.55 | 1.98 | 2.58 |
| PH | Parker-Hannifin Corporati… | $1,009.18 | 127.38B | -47% | -68% | -94% | -79% | 27.38 | 7.07 | 4.87 | 19.52 | 113.25 | -22.05 | 36.85% | 20.45% | 17.79% | 27.43% | 15.35% | 12.02% | 0.70 | 9.93 | 1.19 | 0.66 | 1.69 | 2418.00% | -40.00% | 1196.00% | 3.45% | 0.65 | 14.69% | 0.89% | 24.40% | 4.14% | 26.08 | 31.69 | 5.33 | 5.88 |
| REVG | REV Group, Inc. | $63.90 | 3.12B | -62% | -80% | — | — | 6.85 | 4.06 | 0.74 | 4.71 | 1.34 | 8.74 | 12.49% | 3.34% | 10.82% | 55.21% | 10.10% | 19.64% | 0.27 | 2.79 | 1.72 | 0.38 | 0.24 | 51299.00% | -977.00% | -7247.00% | 1.46% | 0.11 | 4.33% | 10.88% | 74.50% | 22.14% | 23.35 | 72.04 | 0.78 | 4.01 |
| RTX | RTX Corporation | $202.62 | 271.97B | -33% | -47% | — | -57% | 40.26 | 4.36 | 3.21 | 24.57 | 101.36 | -14.27 | 20.08% | 10.03% | 7.60% | 11.27% | 7.39% | 4.23% | 0.61 | 4.84 | 1.03 | 0.67 | 2.49 | 3972.00% | 974.00% | 7512.00% | 2.79% | 0.18 | 8.15% | 1.26% | 50.60% | 3.12% | 35.63 | 39.88 | 3.57 | 2.81 |
About Caterpillar Inc.
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators. The Resource Industries segment provides electric rope shovels, draglines, hydraulic shovels, rotary drills, hard rock vehicles, track-type tractors, mining trucks, longwall miners, wheel loaders, off-highway trucks, articulated trucks, wheel tractor scrapers, wheel dozers, fleet management, landfill compactors, soil compactors, machinery components, autonomous ready vehicles and solutions, select work tools, and safety services and mining performance solutions. The Energy & Transportation segment offers reciprocating engines, generator sets, integrated systems and solutions, turbines and turbine-related services, remanufactured reciprocating engines and components, centrifugal gas compressors, diesel-electric locomotives and components, and other rail-related products and services for marine, oil and gas, industrial, and electric power generation sectors. The company's Financial Products segment provides operating and finance leases, installment sale contracts, working capital loans, and wholesale financing plans; and insurance and risk management products for vehicles, power generation facilities, and marine vessels. The All Other operating segment manufactures filters and fluids, undercarriage, ground engaging tools, etc. The company was formerly known as Caterpillar Tractor Co. and changed its name to Caterpillar Inc. in 1986. The company was founded in 1925 and is headquartered in Deerfield, Illinois.
- CEO
- Joseph E. Creed
- Employees
- 112.9K
- Beta
- 1.55
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($492.89 ÷ $889.67) − 1 = -44.6% (DCF, example).