Narrative Update • Jun 25

The Agricultural Machinery industry is up 5.1% in the last week, with Deere up 4.7%. In the last 12 months, the industry was up 19%. As for the next few years, earnings are expected to grow by 18% per annum.
Has the U.S. Agricultural Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 30 Jun 2026 | US$201.0b | US$84.7b | US$6.3b | 21.9x | 32x | 2.4x |
| Thu, 28 May 2026 | US$176.5b | US$84.6b | US$6.3b | 19.6x | 28.1x | 2.1x |
| Sat, 25 Apr 2026 | US$194.9b | US$83.6b | US$6.4b | 20.2x | 30.3x | 2.3x |
| Mon, 23 Mar 2026 | US$184.2b | US$83.8b | US$6.4b | 18.7x | 29x | 2.2x |
| Wed, 18 Feb 2026 | US$204.1b | US$82.6b | US$6.6b | 21.7x | 30.8x | 2.5x |
| Fri, 16 Jan 2026 | US$173.7b | US$82.3b | US$6.4b | 22.5x | 27.3x | 2.1x |
| Sun, 14 Dec 2025 | US$162.9b | US$82.4b | US$6.4b | 20.7x | 25.6x | 2x |
| Tue, 11 Nov 2025 | US$157.4b | US$81.0b | US$6.6b | 20.5x | 24x | 1.9x |
| Thu, 09 Oct 2025 | US$158.8b | US$81.3b | US$6.5b | 21.3x | 24.5x | 2x |
| Sat, 06 Sep 2025 | US$163.5b | US$81.3b | US$6.5b | 22.7x | 25.2x | 2x |
| Mon, 04 Aug 2025 | US$171.7b | US$82.5b | US$7.0b | 20.8x | 24.5x | 2.1x |
| Wed, 02 Jul 2025 | US$174.8b | US$84.0b | US$6.5b | 22.8x | 26.9x | 2.1x |
| Fri, 30 May 2025 | US$173.6b | US$84.0b | US$6.5b | 21.1x | 26.7x | 2.1x |
| Sun, 27 Apr 2025 | US$156.2b | US$88.3b | US$7.5b | 18.2x | 20.8x | 1.8x |
| Tue, 25 Mar 2025 | US$162.3b | US$88.3b | US$7.5b | 19.6x | 21.7x | 1.8x |
| Thu, 20 Feb 2025 | US$166.6b | US$88.4b | US$7.5b | 19.8x | 22.2x | 1.9x |
| Sat, 18 Jan 2025 | US$154.7b | US$94.9b | US$9.5b | 19.3x | 16.3x | 1.6x |
| Mon, 16 Dec 2024 | US$155.1b | US$94.8b | US$9.5b | 20.5x | 16.4x | 1.6x |
| Wed, 13 Nov 2024 | US$143.7b | US$99.2b | US$10.6b | 20x | 13.6x | 1.4x |
| Fri, 11 Oct 2024 | US$144.8b | US$101.4b | US$11.2b | 17.4x | 13x | 1.4x |
| Sun, 08 Sep 2024 | US$136.0b | US$101.4b | US$11.2b | 16.2x | 12.2x | 1.3x |
| Tue, 06 Aug 2024 | US$130.1b | US$104.0b | US$12.3b | 16.4x | 10.6x | 1.3x |
| Thu, 04 Jul 2024 | US$132.9b | US$105.6b | US$13.3b | 10.6x | 10x | 1.3x |
| Sat, 01 Jun 2024 | US$135.0b | US$105.6b | US$13.3b | 10.9x | 10.2x | 1.3x |
| Mon, 29 Apr 2024 | US$146.1b | US$108.8b | US$13.9b | 11x | 10.5x | 1.3x |
| Wed, 27 Mar 2024 | US$149.4b | US$108.8b | US$13.9b | 12.4x | 10.7x | 1.4x |
| Fri, 23 Feb 2024 | US$138.1b | US$109.0b | US$14.0b | 11.3x | 9.9x | 1.3x |
| Sun, 21 Jan 2024 | US$144.9b | US$109.7b | US$14.2b | 11.4x | 10.2x | 1.3x |
| Tue, 19 Dec 2023 | US$146.0b | US$110.0b | US$14.2b | 11.4x | 10.3x | 1.3x |
| Thu, 16 Nov 2023 | US$143.9b | US$110.2b | US$13.9b | 11.7x | 10.3x | 1.3x |
| Sat, 14 Oct 2023 | US$145.2b | US$108.2b | US$13.8b | 10.5x | 10.5x | 1.3x |
| Mon, 11 Sep 2023 | US$153.1b | US$108.2b | US$13.8b | 11.5x | 11.1x | 1.4x |
| Wed, 09 Aug 2023 | US$167.3b | US$106.6b | US$12.6b | 13.5x | 13.3x | 1.6x |
| Fri, 07 Jul 2023 | US$158.7b | US$105.4b | US$12.3b | 13.1x | 12.9x | 1.5x |
12.9x
How does U.S. Agricultural Machinery compare with similar industries?
| US Market | 0.31% | |
| Industrials | -0.68% | |
| Machinery | 0.68% | |
| Agricultural Machinery | 5.07% | |
| Industrial Machinery | 0.21% | |
| Construction Machinery and Vehicles | -0.017% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DE Deere | US$626.63 | 4.7% +US$7.6b | 23.2% | PE35.4x | |
| CNH CNH Industrial | US$11.39 | 9.7% +US$1.3b | -12.1% | PE36.6x | |
| TTC Toro | US$97.66 | 5.9% +US$520.9m | 38.2% | PE27.4x | |
| AGCO AGCO | US$119.28 | 4.7% +US$388.1m | 15.6% | PE11.2x | |
| ALG Alamo Group | US$167.49 | 4.0% +US$78.4m | -23.3% | PE20.1x |