CNH Industrial N.V.

NYSE:CNH Stock Report

Market Cap: US$13.8b

CNH Industrial Valuation

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

Below Fair Value: CNH ($11.4) is trading below our estimate of fair value ($13.79)

Significantly Below Fair Value: CNH is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CNH. This is calculated by dividing CNH's market cap by their current earnings.
What is CNH's PE Ratio?
PE Ratio8.1x
EarningsUS$1.75b
Market CapUS$13.83b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CNH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.6x
TTC Toro
21x7.4%US$8.3b
AGCO AGCO
40.4x58.6%US$6.8b
ALG Alamo Group
19.4x11.7%US$2.3b
DE Deere
13.5x-7.4%US$109.5b
CNH CNH Industrial
8.1x-0.2%US$13.8b

Price-To-Earnings vs Peers: CNH is good value based on its Price-To-Earnings Ratio (8.1x) compared to the peer average (23.6x).

Price to Earnings Ratio vs Industry

How does CNH's PE Ratio compare vs other companies in the US Machinery Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AIRJ AirJoule Technologies
1.9xn/aUS$419.99m
CVGI Commercial Vehicle Group
2.8x-46.6%US$76.99m
FATH Fathom Digital Manufacturing
2.6xn/aUS$35.24m
ZEVY Lightning eMotors
n/an/aUS$659.00
No more companies available in this PE range
CNH 8.1xIndustry Avg. 23.8xNo. of Companies9PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CNH is good value based on its Price-To-Earnings Ratio (8.1x) compared to the US Machinery industry average (23.8x).

Price to Earnings Ratio vs Fair Ratio

What is CNH'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.

CNH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.1x
Fair PE Ratio18.5x

Price-To-Earnings vs Fair Ratio: CNH is good value based on its Price-To-Earnings Ratio (8.1x) compared to the estimated Fair Price-To-Earnings Ratio (18.5x).

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 CNH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$11.40
US$13.15
+15.3%
15.3%US$18.00US$10.00n/a19
Nov ’25US$11.26
US$13.57
+20.5%
16.4%US$18.00US$10.00n/a19
Oct ’25US$11.10
US$13.74
+23.7%
16.6%US$18.00US$10.00n/a20
Sep ’25US$10.34
US$13.91
+34.5%
16.5%US$18.00US$10.00n/a19
Aug ’25US$10.08
US$14.51
+43.9%
13.5%US$18.00US$10.00n/a19
Jul ’25US$9.76
US$15.10
+54.7%
11.5%US$18.00US$12.00n/a19
Jun ’25US$10.56
US$14.92
+41.3%
11.3%US$17.80US$12.00n/a18
May ’25US$11.33
US$15.25
+34.6%
9.7%US$18.00US$13.00n/a18
Apr ’25US$12.72
US$15.32
+20.4%
9.7%US$18.00US$12.70n/a18
Mar ’25US$12.06
US$15.12
+25.4%
10.5%US$19.00US$12.70n/a18
Feb ’25US$12.30
US$14.96
+21.6%
19.2%US$25.00US$11.50n/a19
Jan ’25US$12.18
US$15.83
+30.0%
19.6%US$25.00US$11.50n/a16
Dec ’24US$11.18
US$15.82
+41.5%
19.8%US$25.00US$11.50n/a15
Nov ’24US$11.02
US$17.47
+58.5%
24.0%US$31.00US$14.00US$11.2614
Oct ’24US$12.10
US$18.01
+48.8%
21.2%US$31.00US$14.00US$11.1015
Sep ’24US$13.83
US$18.51
+33.9%
19.5%US$31.00US$15.50US$10.3416
Aug ’24US$14.56
US$18.82
+29.3%
19.1%US$31.00US$15.50US$10.0815
Jul ’24US$14.40
US$19.36
+34.4%
18.1%US$31.00US$15.73US$9.7615
Jun ’24US$13.14
US$19.40
+47.6%
17.5%US$31.00US$15.73US$10.5616
May ’24US$14.10
US$19.45
+37.9%
17.0%US$31.00US$16.10US$11.3317
Apr ’24US$15.27
US$19.51
+27.8%
17.1%US$31.00US$16.10US$12.7217
Mar ’24US$16.49
US$19.50
+18.2%
17.1%US$31.00US$16.10US$12.0617
Feb ’24US$17.90
US$19.30
+7.8%
17.5%US$31.00US$15.39US$12.3017
Jan ’24US$16.06
US$17.86
+11.2%
10.8%US$21.00US$14.19US$12.1816
Dec ’23US$16.36
US$17.06
+4.3%
9.4%US$19.25US$14.19US$11.1815
Nov ’23US$12.88
US$15.57
+20.9%
10.6%US$18.00US$12.14US$11.0214

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

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