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U.S. Agricultural Machinery Industry Analysis

UpdatedJul 09, 2026
DataAggregated Company Financials
Companies18
  • 7D-4.9%
  • 3M-4.4%
  • 1Y11.4%
  • YTDn/a

Over the last 7 days, the Agricultural Machinery industry has dropped 4.9%, driven by Deere declining 4.9%. Meanwhile, Hydrofarm Holdings Group actually outperformed within the industry, gaining 17% in the last week. Over the past 12 months, the industry was up 13%. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

Has the U.S. Agricultural Machinery Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Jul 2026US$196.9bUS$84.6bUS$6.3b20.5x31.4x2.3x
Sat, 06 Jun 2026US$194.0bUS$84.7bUS$6.3b19.9x30.9x2.3x
Mon, 04 May 2026US$190.6bUS$83.6bUS$6.3b20.1x30.3x2.3x
Wed, 01 Apr 2026US$183.7bUS$83.6bUS$6.4b19.3x28.6x2.2x
Fri, 27 Feb 2026US$208.6bUS$83.7bUS$6.4b22.5x32.8x2.5x
Sun, 25 Jan 2026US$174.6bUS$82.3bUS$6.4b22.6x27.4x2.1x
Tue, 23 Dec 2025US$158.8bUS$82.4bUS$6.4b19.7x25x1.9x
Thu, 20 Nov 2025US$158.1bUS$81.0bUS$6.6b20.1x24.1x2x
Sat, 18 Oct 2025US$156.4bUS$81.3bUS$6.5b20.2x24.1x1.9x
Mon, 15 Sep 2025US$161.6bUS$81.3bUS$6.5b22.2x24.9x2x
Wed, 13 Aug 2025US$173.3bUS$82.5bUS$7.0b21.6x24.8x2.1x
Fri, 11 Jul 2025US$175.7bUS$84.0bUS$6.5b23.7x27x2.1x
Sun, 08 Jun 2025US$175.7bUS$83.9bUS$6.5b21.7x27x2.1x
Tue, 06 May 2025US$164.5bUS$86.5bUS$7.1b18.7x23.1x1.9x
Thu, 03 Apr 2025US$163.7bUS$88.3bUS$7.5b18.9x21.8x1.9x
Sat, 01 Mar 2025US$166.4bUS$88.3bUS$7.5b19.3x22.2x1.9x
Mon, 27 Jan 2025US$167.5bUS$94.9bUS$9.5b19.8x17.7x1.8x
Wed, 25 Dec 2024US$150.9bUS$94.9bUS$9.5b19.3x15.9x1.6x
Fri, 22 Nov 2024US$144.6bUS$99.2bUS$10.6b20.6x13.7x1.5x
Sun, 20 Oct 2024US$146.0bUS$101.4bUS$11.2b17.4x13.1x1.4x
Tue, 17 Sep 2024US$140.5bUS$101.4bUS$11.2b17x12.6x1.4x
Thu, 15 Aug 2024US$128.2bUS$104.0bUS$12.3b16.3x10.5x1.2x
Sat, 13 Jul 2024US$132.9bUS$105.6bUS$13.3b10.6x10x1.3x
Mon, 10 Jun 2024US$136.3bUS$105.6bUS$13.3b10.7x10.3x1.3x
Wed, 08 May 2024US$150.1bUS$107.8bUS$13.8b11.5x10.9x1.4x
Fri, 05 Apr 2024US$152.0bUS$108.8bUS$13.9b12.5x10.9x1.4x
Sun, 03 Mar 2024US$140.4bUS$108.9bUS$14.0b11.7x10.1x1.3x
Tue, 30 Jan 2024US$149.6bUS$109.7bUS$14.2b11.6x10.6x1.4x
Thu, 28 Dec 2023US$152.7bUS$109.8bUS$14.2b12x10.8x1.4x
Sat, 25 Nov 2023US$142.1bUS$110.1bUS$14.1b11.3x10.1x1.3x
Mon, 23 Oct 2023US$142.1bUS$108.2bUS$13.8b10.8x10.3x1.3x
Wed, 20 Sep 2023US$151.3bUS$108.2bUS$13.8b11.4x11x1.4x
Fri, 18 Aug 2023US$163.5bUS$106.6bUS$12.8b13.6x12.8x1.5x
Sun, 16 Jul 2023US$164.7bUS$105.4bUS$12.3b13.4x13.3x1.6x
Price to Earnings Ratio

13.3x


Total Market Cap: US$164.7bTotal Earnings: US$12.3bTotal Revenue: US$105.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Agricultural Machinery Industry Price to Earnings3Y Average 18.8x202420252026
Current Industry PE
  • Investors are optimistic on the American Agricultural and Farm Machinery industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 32.9x which is higher than its 3-year average PE of 18.8x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Agricultural and Farm Machinery industry have declined 20% per year over the last three years,
  • Revenues have also declined 7.0% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does U.S. Agricultural Machinery compare with similar industries?

US Market-0.43%
Industrials-2.50%
Machinery-3.64%
Agricultural Machinery-4.86%
Construction Machinery and Vehicles-3.41%
Industrial Machinery-3.52%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PFAI Pinnacle Food GroupUS$3.746.3%
+US$2.6m		110.1%PS12.9x
HYFM Hydrofarm Holdings GroupUS$0.8717.2%
+US$608.4k		-77.3%PS0.03x

Latest News

AGCO
US$113.73
AGCO
7D
-2.4%
1Y
3.4%
LNN
US$111.15
Lindsay
7D
-8.2%
1Y
-22.7%
ALG
US$162.95
Alamo Group
7D
-2.0%
1Y
-27.8%
DE
US$596.74
Deere
7D
-4.9%
1Y
17.2%
Narrative Update • Jul 01

DE: Tariff Relief And AI Efficiency Gains Will Support Future Upside

Analysts have trimmed their fair value estimate for Deere to $759 from $793 as they factor in more moderate revenue growth assumptions, even as Street research highlights potential tariff relief and a mixed pattern of price target revisions across the sector. Analyst Commentary Street research on Deere is mixed, but there is a clear camp of bullish analysts highlighting tariff relief, execution on recent quarters, and the potential for a more constructive backdrop in North American agriculture and construction equipment over the next several years.
TTC
US$92.70
Toro
7D
-4.4%
1Y
23.3%
Narrative Update • Jun 25

TTC: Raised 2026 Guidance And Productivity Gains Will Drive Further Upside

Analysts have reduced their price target for Toro to $100 from $105, citing updated models following Q2 results that showed slightly better demand across the business, even as valuation assumptions, including the future P/E multiple, were refined. What’s in the News for Toro Toro reported Q2 2026 revenue of about US$1.42b and adjusted EPS of US$1.60, with broad demand across residential and professional segments, according to recent earnings coverage.
CNH
US$10.27
CNH Industrial
7D
-6.0%
1Y
-25.0%
Narrative Update • Jun 23

CNH: Tariff Relief And R&D Investments Will Support 2027 Recovery

Analysts have trimmed their average price target on CNH Industrial by around $1, reflecting mixed recent research views that consider both tariff-related earnings tailwinds and more cautious stock ratings. Analyst Commentary Recent research on CNH Industrial reflects a mix of optimism around tariff relief and more cautious views on execution and valuation, which is feeding into the trimmed average price targets.
RYM
US$22.61
RYTHM
7D
-11.3%
1Y
-7.7%
TWI
US$7.14
Titan International
7D
-6.9%
1Y
-30.1%
Narrative Update • Jun 15

TWI: Reaffirmed Fair Value And Guidance Will Support Future Upside

Analysts have reaffirmed their $13.00 price target for Titan International, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E as the key drivers behind their valuation work. What's in the News Titan International issued earnings guidance for the second quarter, indicating expected sales between US$470 million and US$490 million.
PFAI
US$3.74
Pinnacle Food Group
7D
6.3%
1Y
110.1%
HYFM
US$0.87
Hydrofarm Holdings Group
7D
17.2%
1Y
-77.3%