Deere & Company

NYSE:DE Stock Report

Market Cap: US$109.5b

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 ($404.96) is trading below our estimate of fair value ($416.78)

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 Ratio13.5x
EarningsUS$8.22b
Market CapUS$109.46b

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 Average25.1x
CNH CNH Industrial
8.1x-0.2%US$13.8b
TTC Toro
21x7.4%US$8.3b
AGCO AGCO
40.4x58.6%US$6.8b
PH Parker-Hannifin
30.7x8.4%US$88.8b
DE Deere
13.5x-7.4%US$109.5b

Price-To-Earnings vs Peers: DE is good value based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (25.1x).

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
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
DE 13.5xIndustry Avg. 23.8xNo. 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 (13.5x) compared to the US Machinery industry average (23.8x).

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 Ratio13.5x
Fair PE Ratio20.2x

Price-To-Earnings vs Fair Ratio: DE is good value based on its Price-To-Earnings Ratio (13.5x) compared to the estimated Fair Price-To-Earnings Ratio (20.2x).

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$404.96
US$418.09
+3.2%
9.3%US$496.00US$340.00n/a22
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$360.00n/a24
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
Nov ’23US$388.71
US$400.91
+3.1%
9.5%US$463.00US$297.00US$370.4722

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

Discover undervalued companies

Hillman Solutions

US$2.1b

Provides hardware-related products and related merchandising services in the United States, Canada, Mexico, Latin America, and the Caribbean.

HLMN

US$10.78

7D

-2.0%

1Y

52.0%

Stanley Black & Decker

US$13.3b

Provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia.

SWK

US$85.42

7D

-0.8%

1Y

-4.8%

Mitsubishi

JP¥10.4t

Engages in the natural gas, industrial materials and infrastructure, chemicals, mineral resources, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide.

MSBH.F

JP¥17.15

7D

-2.0%

1Y

9.5%