CATCaterpillar Inc.

$821.78

Is the price fair?

What CAT's price assumes

Caterpillar Inc. trades at 35.4× earnings against 27.4× for the median Farm & Heavy Construction Machinery name, more expensive than its own group.

35.4

Trailing P/E · Farm & Heavy Construction Machinery median 27.4 · 1.29× the median: the market pays up for this one

Price / sales
4.66

Price / sales · as of 2026-Q1

Free cash flow yield
2.4%

Free cash flow yield · Farm & Heavy Construction Machinery median 4.2%

Growth the price implies
+16%

Growth the price implies · The price pays for +16% free cash flow growth a year for a decade; the business has delivered +7.3% a year over the last three.

Details
Industrials median P/E346 names
29.9
Farm & Heavy Construction Machinery median P/E13 names
27.4
Free cash flow, trailing twelve months
$10.7B
Market capitalisation
$454.1B
3-year revenue growth
+4.9%
3-year free cash flow growth
+7.3%
CAT has re-rated away from its own history, so multiplying the old multiple by today's earnings prices a full reversal, not the business
MethodPer share
What its own history would implynot meaningful, 33.2× today against a 16.1× median
52-week range$404.90 – $1,022.28
Today$821.78

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.