Caterpillar forward PE CAT

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026: 24.1×
10-year median: 17.9×
Against its 10-year history: 79th; percentile: 0 is its lowest day, 100 its highest
10-year range: 9.4× to 37.7×
Peer median: 25.8×

Caterpillar's forward PE is 24.1× as of Oct 23, 2026.

That is above its ten-year median of 17.9×, higher than on 79% of days in the last ten years.

Over that time it ranged from 9.4× in Oct 2018 to 37.7× in Jun 2026.

The median for 10 industrial stocks of a similar size is 25.8×.

Forward PE over time

median 17.9×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	24.1×	24.1×	37.7×
2025	25.8×	15.6×	26.7×
2024	19.4×	13.7×	21.6×
2023	14.2×	10.9×	15.4×
2022	13.9×	10.5×	20.7×
2021	18.7×	17.9×	26.5×
2020	22.6×	19.1×	27.6×
2019	25.2×	10.4×	25.2×
2018	10.2×	9.4×	19.2×
2017	17.7×	15.3×	26.5×
2016	26.0×	21.2×	29.9×
2015	24.0×	16.2×	26.5×
2014	18.2×	16.3×	20.6×
2013	17.4×	12.2×	17.4×
2012	12.0×	10.6×	14.5×
2011	11.6×	10.5×	18.1×
2010	16.3×	12.4×	25.5×
2009	24.0×	14.1×	29.0×
2008	16.9×	11.3×	20.3×
2007	13.4×	10.8×	14.6×

Against its peers

Companies in Industrials nearest Caterpillar's size, closest first, today.

Company	Forward PE
CATCaterpillar	24.1×
GEGE Aerospace	32.2×
RTXRTX	24.7×
GEVGE Vernova	39.7×
DEDeere	30.8×
UNPUnion Pacific	21.5×
BABoeing	197×
ETNEaton	24.2×
LMTLockheed Martin	19.2×
PHParker-Hannifin	24.6×
TTTrane Technologies	26.8×
Peer median	25.8×

Where Caterpillar ranks

#35of 67Industrial stocks with the lowest forward PE

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Caterpillar

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.