Caterpillar Inc.

SWX:CAT Stock Report

Market Cap: CHF 162.8b

Caterpillar Valuation

Is CAT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CAT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CAT (CHF258) is trading above our estimate of fair value (CHF212.41)

Significantly Below Fair Value: CAT is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CAT?

Other financial metrics that can be useful for relative valuation.

CAT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.3x
Enterprise Value/EBITDA13.7x
PEG Ratio-9.1x

Price to Earnings Ratio vs Peers

How does CAT's PE Ratio compare to its peers?

The above table shows the PE ratio for CAT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.4x
BUCN Bucher Industries
12.5x-0.4%CHF 3.7b
SRAIL Stadler Rail
20.7x24.1%CHF 2.5b
ABBN ABB
27.4x8.3%CHF 90.5b
SCHN Schindler Holding
28.8x7.5%CHF 26.2b
CAT Caterpillar
17.3x-1.9%CHF 188.1b

Price-To-Earnings vs Peers: CAT is good value based on its Price-To-Earnings Ratio (17.3x) compared to the peer average (22.4x).

Price to Earnings Ratio vs Industry

How does CAT's PE Ratio compare vs other companies in the European Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.1%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.1%
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No more companies

Price-To-Earnings vs Industry: CAT is good value based on its Price-To-Earnings Ratio (17.3x) compared to the European Machinery industry average (17.6x).

Price to Earnings Ratio vs Fair Ratio

What is CAT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CAT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.3x
Fair PE Ratio30.6x

Price-To-Earnings vs Fair Ratio: CAT is good value based on its Price-To-Earnings Ratio (17.3x) compared to the estimated Fair Price-To-Earnings Ratio (30.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CAT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 258.00
CHF 312.67
+21.2%
20.1%CHF 432.73CHF 215.50n/a22
Oct ’25CHF 258.00
CHF 298.68
+15.8%
18.4%CHF 392.65CHF 210.71n/a22
Sep ’25CHF 258.00
CHF 299.79
+16.2%
17.6%CHF 400.27CHF 214.80n/a23
Aug ’25CHF 258.00
CHF 308.33
+19.5%
17.4%CHF 411.71CHF 217.39n/a24
Jul ’25CHF 258.00
CHF 311.81
+20.9%
16.7%CHF 416.35CHF 219.84n/a26
Jun ’25CHF 314.00
CHF 316.03
+0.6%
16.7%CHF 423.87CHF 223.81n/a26
May ’25CHF 312.00
CHF 309.15
-0.9%
18.0%CHF 405.34CHF 160.85n/a27
Apr ’25CHF 312.00
CHF 288.30
-7.6%
17.6%CHF 396.52CHF 157.35n/a27
Mar ’25CHF 284.00
CHF 276.36
-2.7%
17.0%CHF 388.10CHF 154.01n/a26
Feb ’25CHF 218.00
CHF 239.50
+9.9%
17.9%CHF 370.53CHF 150.10n/a26
Jan ’25CHF 218.00
CHF 230.03
+5.5%
15.5%CHF 312.27CHF 149.72n/a25
Dec ’24CHF 218.00
CHF 235.49
+8.0%
15.7%CHF 323.32CHF 155.02n/a25
Nov ’24CHF 214.00
CHF 248.35
+16.1%
16.2%CHF 331.35CHF 158.87n/a24
Oct ’24CHF 210.00
CHF 262.37
+24.9%
15.2%CHF 335.21CHF 161.16CHF 258.0024
Sep ’24CHF 210.00
CHF 250.92
+19.5%
15.8%CHF 321.65CHF 154.64CHF 258.0025
Aug ’24CHF 210.00
CHF 227.32
+8.2%
16.3%CHF 307.22CHF 153.17CHF 258.0025
Jul ’24CHF 210.00
CHF 222.74
+6.1%
15.9%CHF 315.81CHF 157.45CHF 258.0025
Jun ’24CHF 230.00
CHF 221.07
-3.9%
15.9%CHF 314.26CHF 159.41CHF 314.0026
May ’24CHF 230.00
CHF 219.52
-4.6%
16.3%CHF 309.19CHF 156.84CHF 312.0025
Apr ’24CHF 230.00
CHF 231.58
+0.7%
16.0%CHF 309.73CHF 160.84CHF 312.0026
Mar ’24CHF 230.00
CHF 237.05
+3.1%
15.1%CHF 315.42CHF 163.79CHF 284.0026
Feb ’24CHF 230.00
CHF 231.62
+0.7%
14.1%CHF 306.25CHF 172.66CHF 218.0025
Jan ’24CHF 216.00
CHF 216.96
+0.4%
13.0%CHF 264.12CHF 162.18CHF 218.0026
Dec ’23CHF 218.00
CHF 217.73
-0.1%
13.6%CHF 269.07CHF 164.27CHF 218.0026
Nov ’23CHF 178.00
CHF 225.57
+26.7%
12.4%CHF 284.04CHF 174.02CHF 214.0026
Oct ’23CHF 178.00
CHF 213.24
+19.8%
16.9%CHF 323.63CHF 140.11CHF 210.0026

Analyst Forecast: Target price is lower than the current share price.

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