Valuation Caterpillar Inc.

Equities

Real-time Estimate Cboe BZX Other stock markets 11:35:46 2025-12-12 am EST			5-day change	1st Jan Change
596.57 ^USD	-4.64%		-0.05%	+66.20%

Dec. 10	Caterpillar Inc. Maintains Quarterly Dividend, Payable on February 19, 2026	CI
Dec. 10	Construction Slump to Continue Through 2026 With Recovery Expected in 2027, Morgan Stanley Says	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	98,884	111,834	124,669	150,521	175,141	292,773	-	-
Change	-	13.1%	11.48%	20.74%	16.36%	67.16%	-	-
Enterprise Value (EV) ¹	126,695	140,369	149,336	172,658	202,268	326,419	326,642	324,669
Change	-	10.79%	6.39%	15.62%	17.15%	61.38%	0.07%	-0.6%
P/E ratio	33.3x	17.5x	19x	14.7x	16.5x	34x	28x	23.3x
PBR	6.47x	6.72x	7.95x	7.74x	9.06x	14.6x	13.3x	11.9x
PEG	-	0x	2.77x	0.2x	1.72x	-2.1x	1.3x	1.2x
Capitalization / Revenue	2.37x	2.19x	2.1x	2.24x	2.7x	4.42x	4.12x	3.83x
EV / Revenue	3.03x	2.75x	2.51x	2.57x	3.12x	4.93x	4.59x	4.25x
EV / EBITDA	21.3x	17.7x	14.8x	11.7x	13.6x	24.2x	21.7x	18.4x
EV / EBIT	27.8x	20.4x	20.1x	13.3x	15.5x	28.7x	24.4x	20.4x
EV / FCF	23.7x	23x	23x	15.3x	20.1x	38.8x	35.3x	29.3x
FCF Yield	4.22%	4.35%	4.34%	6.54%	4.97%	2.58%	2.84%	3.41%
Dividend per Share ²	4.12	4.36	4.71	5.1	5.53	5.937	6.2	6.669
Rate of return	2.26%	2.11%	1.97%	1.72%	1.52%	0.95%	0.99%	1.07%
EPS ²	5.46	11.83	12.64	20.12	22.05	18.43	22.34	26.81
Distribution rate	75.5%	36.9%	37.3%	25.3%	25.1%	32.2%	27.8%	24.9%
Net sales ¹	41,748	50,971	59,427	67,060	64,809	66,235	71,120	76,396
EBITDA ¹	5,951	7,913	10,096	14,800	14,825	13,477	15,040	17,638
EBIT ¹	4,553	6,878	7,433	12,966	13,072	11,384	13,414	15,953
Net income ¹	2,998	6,489	6,705	10,335	10,792	8,751	10,389	12,533
Net Debt ¹	27,811	28,535	24,667	22,137	27,127	33,647	33,869	31,896
Reference price ²	182.02	206.74	239.56	295.67	362.76	625.61	625.61	625.61
Nbr of stocks (in thousands)	543,258	540,942	520,409	509,085	482,802	467,980	-	-
Announcement Date	1/29/21	1/28/22	1/31/23	2/5/24	1/30/25	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
CATERPILLAR INC.	33.95x	4.93x	24.22x	0.95%	293B
SANY HEAVY INDUSTRY CO.,LTD	20.99x	2.07x	14.42x	2.32%	27.35B
XCMG CONSTRUCTION MACHINERY CO., LTD.	17.59x	1.48x	11.18x	2.21%	18.54B
ZOOMLION HEAVY INDUSTRY SCIENCE AND TECHNOLOGY CO., LTD.	15.04x	1.68x	13.03x	4.56%	10.15B
DOOSAN BOBCAT INC.	13.76x	0.62x	5.57x	2.97%	3.87B
CHINA RAILWAY CONSTRUCTION HEAVY INDUSTRY CORPORATION LIMITED	16.23x	-	-	-	3.8B
GUANGXI LIUGONG MACHINERY CO., LTD.	14.27x	0.93x	10.1x	2.63%	3.56B
SHANTUI CONSTRUCTION MACHINERY CO., LTD.	12.5x	-	-	-	2.28B
TAKEUCHI MFG. CO., LTD.	11.65x	1.13x	5.95x	3.05%	2.05B
Average	17.33x	1.83x	12.07x	2.67%	40.49B
Weighted average by Cap.	30.77x	4.33x	22.03x	1.27%