Deere & Company

DB:DCO Stock Report

Market Cap: €107.8b

Deere Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 DCO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Below Fair Value: DCO (€396.4) is trading below our estimate of fair value (€552)

Significantly Below Fair Value: DCO is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As DCO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DCO. This is calculated by dividing DCO's market cap by their current earnings.
What is DCO's PE Ratio?
PE Ratio26.1x
EarningsUS$5.03b
Market CapUS$126.05b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average52.2x
ENR Siemens Energy
77x26.93%€109.3b
DTG Daimler Truck Holding
13.8x15.84%€30.6b
SIE Siemens
25.5x10.06%€192.4b
RHM Rheinmetall
92.6x30.36%€79.9b
DCO Deere
26.1x13.09%€126.1b

Price-To-Earnings vs Peers: DCO is good value based on its Price-To-Earnings Ratio (26.1x) compared to the peer average (52.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does DCO's PE Ratio compare vs other companies in the DE Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
DCO 26.1xIndustry Avg. 21.9xNo. of Companies7PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DCO is expensive based on its Price-To-Earnings Ratio (26.1x) compared to the German Machinery industry average (21.9x).

Price to Earnings Ratio vs Fair Ratio

What is DCO'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.

DCO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.1x
Fair PE Ratio29.7x

Price-To-Earnings vs Fair Ratio: DCO is good value based on its Price-To-Earnings Ratio (26.1x) compared to the estimated Fair Price-To-Earnings Ratio (29.7x).

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 DCO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€396.40
€451.87
+13.99%
10.96%€620.17€391.77n/a23
Dec ’26€406.00
€451.61
+11.23%
11.37%€623.65€379.02n/a22
Nov ’26€401.05
€451.12
+12.49%
11.15%€623.80€379.10n/a22
Oct ’26€386.55
€450.82
+16.63%
10.50%€616.85€391.92n/a21
Sep ’26€408.80
€460.67
+12.69%
11.32%€645.98€396.20n/a21
Aug ’26€435.00
€469.00
+7.82%
11.04%€647.03€396.84n/a21
Jul ’26€429.90
€465.43
+8.26%
10.61%€636.15€390.17n/a23
Jun ’26€442.85
€472.38
+6.67%
8.06%€545.22€382.27n/a22
May ’26€400.50
€428.80
+7.07%
9.13%€510.30€350.12n/a22
Apr ’26€433.10
€456.60
+5.43%
9.04%€540.38€370.76n/a22
Mar ’26€458.45
€471.23
+2.79%
8.32%€524.87€384.52n/a22
Feb ’26€464.70
€453.48
-2.41%
10.34%€527.23€327.08n/a22
Jan ’26€410.00
€445.15
+8.57%
11.30%€527.12€327.02€398.4522
Dec ’25€440.80
€432.39
-1.91%
11.61%€512.61€325.10€406.0021
Nov ’25€368.00
€381.72
+3.73%
10.17%€456.82€313.14€401.0522
Oct ’25€374.45
€369.21
-1.40%
9.83%€445.75€306.17€386.5522
Sep ’25€345.85
€370.35
+7.08%
9.21%€442.28€303.79€408.8022
Aug ’25€335.10
€384.22
+14.66%
8.78%€454.71€313.24€435.0022
Jul ’25€338.00
€394.12
+16.60%
8.78%€462.53€318.63€429.9024
Jun ’25€340.25
€390.40
+14.74%
8.90%€456.29€312.49€442.8523
May ’25€376.05
€396.18
+5.35%
9.11%€465.84€323.74€400.5026
Apr ’25€381.20
€382.81
+0.42%
8.48%€452.31€314.97€433.1026
Mar ’25€338.60
€383.04
+13.12%
7.72%€445.33€317.17€458.4526
Feb ’25€361.50
€387.36
+7.15%
8.17%€450.06€321.34€464.7025
Jan ’25€360.20
€392.35
+8.92%
8.39%€458.00€334.44€410.0024
€430.89
Fair Value
8.0% undervalued intrinsic discount
23
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/06 03:13
End of Day Share Price 2026/01/06 00:00
Earnings2025/11/02
Annual Earnings2025/11/02

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Deere & Company is covered by 49 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John EadeArgus Research Company
Mircea DobreBaird
Andrew KaplowitzBarclays