Deere & Company

NYSE:DE Stock Report

Market Cap: US$117.5b

Deere Valuation

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

Below Fair Value: DE ($432.49) is trading below our estimate of fair value ($472.98)

Significantly Below Fair Value: DE 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 DE?

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

The above table shows the Price to Earnings ratio for DE. This is calculated by dividing DE's market cap by their current earnings.
What is DE's PE Ratio?
PE Ratio16.5x
EarningsUS$7.10b
Market CapUS$117.45b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.9x
CNH CNH Industrial
7.9x-0.3%US$13.7b
TTC Toro
19.7x5.8%US$8.2b
AGCO AGCO
41.1x56.6%US$7.0b
ALG Alamo Group
19x11.7%US$2.3b
DE Deere
16.5x-0.4%US$117.5b

Price-To-Earnings vs Peers: DE is good value based on its Price-To-Earnings Ratio (16.5x) compared to the peer average (21.9x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AIRJ AirJoule Technologies
2.3xn/aUS$526.60m
CVGI Commercial Vehicle Group
2.5x-46.6%US$69.55m
FATH Fathom Digital Manufacturing
2.6xn/aUS$35.24m
ZEVY Lightning eMotors
n/an/aUS$6.00
No more companies available in this PE range
DE 16.5xIndustry Avg. 22.6xNo. of Companies9PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DE is good value based on its Price-To-Earnings Ratio (16.5x) compared to the US Machinery industry average (22.6x).

Price to Earnings Ratio vs Fair Ratio

What is DE'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.

DE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.5x
Fair PE Ratio23.7x

Price-To-Earnings vs Fair Ratio: DE is good value based on its Price-To-Earnings Ratio (16.5x) compared to the estimated Fair Price-To-Earnings Ratio (23.7x).

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 DE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$432.49
US$464.48
+7.4%
11.3%US$550.00US$341.21n/a22
Dec ’25US$465.90
US$453.81
-2.6%
11.6%US$538.00US$341.21n/a21
Nov ’25US$400.42
US$414.46
+3.5%
10.2%US$496.00US$340.00n/a22
Oct ’25US$416.44
US$410.01
-1.5%
9.8%US$495.00US$340.00n/a22
Sep ’25US$385.74
US$414.49
+7.5%
9.2%US$495.00US$340.00n/a22
Aug ’25US$357.91
US$418.27
+16.9%
8.8%US$495.00US$341.00n/a22
Jul ’25US$360.99
US$421.79
+16.8%
8.8%US$495.00US$341.00n/a24
Jun ’25US$374.76
US$423.52
+13.0%
8.9%US$495.00US$339.00n/a23
May ’25US$387.50
US$420.98
+8.6%
9.1%US$495.00US$344.00n/a26
Apr ’25US$404.14
US$418.10
+3.5%
8.5%US$494.00US$344.00n/a26
Mar ’25US$367.85
US$415.44
+12.9%
7.7%US$483.00US$344.00n/a26
Feb ’25US$393.68
US$424.32
+7.8%
8.2%US$493.00US$352.00n/a25
Jan ’25US$399.87
US$422.33
+5.6%
8.4%US$493.00US$360.00n/a24
Dec ’24US$368.81
US$424.66
+15.1%
8.8%US$493.00US$360.00US$465.9024
Nov ’24US$370.47
US$438.47
+18.4%
8.6%US$510.00US$379.00US$400.4224
Oct ’24US$377.38
US$442.20
+17.2%
8.4%US$510.00US$379.00US$416.4424
Sep ’24US$418.90
US$450.15
+7.5%
9.9%US$551.00US$379.00US$385.7424
Aug ’24US$433.44
US$450.45
+3.9%
11.5%US$560.00US$367.00US$357.9124
Jul ’24US$405.19
US$444.95
+9.8%
11.4%US$560.00US$367.00US$360.9924
Jun ’24US$352.57
US$446.68
+26.7%
11.0%US$560.00US$367.00US$374.7625
May ’24US$382.12
US$473.98
+24.0%
10.0%US$591.00US$369.00US$387.5025
Apr ’24US$412.88
US$472.74
+14.5%
9.8%US$591.00US$369.00US$404.1425
Mar ’24US$419.75
US$474.27
+13.0%
9.9%US$591.00US$369.00US$367.8524
Feb ’24US$426.99
US$466.70
+9.3%
11.1%US$582.00US$359.00US$393.6823
Jan ’24US$428.76
US$466.70
+8.8%
11.1%US$582.00US$359.00US$399.8723
Dec ’23US$441.81
US$454.48
+2.9%
13.3%US$582.00US$342.00US$368.8123

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 Analysis2024/12/22 01:41
End of Day Share Price 2024/12/20 00:00
Earnings2024/10/27
Annual Earnings2024/10/27

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 here.

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 .

Analyst Sources

Deere & Company is covered by 62 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Igor MaryasisAegis Capital Corporation
John EadeArgus Research Company
Igor MaryasisAvondale Partners