Question 1

What is Deere & Company's P/E ratio?

Accepted Answer

Deere & Company (DE) P/E ratio is 38.1× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Deere & Company?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Deere & Company specifically, the relevant sector benchmark is the current sector median of 27.8×.

Question 5

Is Deere & Company's P/E ratio high or low?

Accepted Answer

Deere & Company's P/E ratio of 38.1× is above its own 5-year average of 19.2× and above the sector median of 27.8×. That places the current reading at the 95th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Deere & Company's historical P/E ratio range?

Accepted Answer

In the available daily series, Deere & Company (DE) P/E ratio has ranged from a low of 7.8× in 2009 to a high of 46.6× in 2026. The 5-year average is 19.2× and the 5-year median is 16.7×.

Question 7

What was Deere & Company's P/E ratio in 2025?

Accepted Answer

Deere & Company (DE) P/E ratio at the end of 2025 was 24.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Deere & Company's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$124.86B	$5.03B	24.8×	+9.0×	Nov 2, 2025
2024	$112.41B	$7.10B	15.8×	+5.6×	Oct 27, 2024
2023	$104.31B	$10.17B	10.3×	-6.4×	Oct 31, 2023
2022	$118.90B	$7.13B	16.7×	-1.9×	Oct 31, 2022
2021	$110.89B	$5.96B	18.6×	-7.2×	Oct 31, 2021
2020	$70.96B	$2.75B	25.8×	+9.0×	Oct 31, 2020
2019	$54.66B	$3.25B	16.8×	-1.5×	Oct 31, 2019
2018	$43.38B	$2.37B	18.3×	-1.5×	Oct 31, 2018
2017	$42.73B	$2.16B	19.8×	+1.6×	Oct 31, 2017
2016	$27.78B	$1.52B	18.2×	+5.2×	Oct 31, 2016
2015	$25.19B	$1.94B	13.0×	+3.5×	Oct 31, 2015
2014	$30.14B	$3.16B	9.5×	+0.8×	Oct 31, 2014
2013	$31.00B	$3.54B	8.8×	-2.1×	Oct 31, 2013
2012	$33.28B	$3.06B	10.9×	-0.3×	Oct 31, 2012
2011	$31.15B	$2.80B	11.1×	-6.2×	Oct 31, 2011
2010	$32.34B	$1.86B	17.3×	-4.7×	Oct 31, 2010
2009	$19.27B	$873.40M	22.1×	+14.1×	Oct 31, 2009
2008	$16.29B	$2.05B	7.9×	-10.7×	Oct 31, 2008
2007	$33.90B	$1.82B	18.6×	+7.2×	Oct 31, 2007
2006	$19.34B	$1.69B	11.4×	+1.5×	Oct 31, 2006
2005	$14.31B	$1.45B	9.9×	-1.0×	Oct 31, 2005
2004	$15.32B	$1.41B	10.9×	-11.9×	Oct 31, 2004
2003	$14.63B	$643.10M	22.8×	-11.8×	Oct 31, 2003
2002	$11.05B	$319.30M	34.6×	—	Oct 31, 2002
2001	$8.81B	−$64.10M	—	—	Oct 31, 2001


Lennox International (LII)	20.6×
Paychex (PAYX)	20.6×
Copart (CPRT)	20.4×
Otis Worldwide (OTIS)	20.2×
Union Pacific (UNP)	19.9×
Allegion (ALLE)	19.7×
Alamo Group (ALG)	19.6×
Carlisle Companies (CSL)	18.8×
Automatic Data Processing (ADP)	18.8×
Snap-on (SNA)	18.5×
Brady (BRC)	18.5×
Canadian National Railway (CNI)	18.4×
United Rentals (URI)	18.4×
Pool (POOL)	18.1×
McGrath RentCorp (MGRC)	17.5×
A. O. Smith (AOS)	17.4×
FedEx (FDX)	16.9×
Textron (TXT)	16.6×
United Parcel Service (UPS)	15.9×
ABM Industries (ABM)	15.2×
Gartner (IT)	14.9×
AGCO (AGCO)	10.9×
Delta Air Lines (DAL)	9.7×
United Airlines Holdings (UAL)	8.2×
Versant Media Group, Inc. Class A (VSNT)	6.3×

P/E Ratio for Deere & Company (DE)

P/E Ratio daily chart for Deere & Company (DE)

Historical P/E Ratio for Deere & Company (DE) from 2001 to 2025

About P/E Ratio at Deere & Company (DE)

Deere & Company P/E Ratio by Year

Deere & Company P/E Ratio 2025: 24.8×

Deere & Company P/E Ratio 2024: 15.8×

Deere & Company P/E Ratio 2023: 10.3×

Deere & Company P/E Ratio 2022: 16.7×

Deere & Company P/E Ratio 2021: 18.6×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Deere & Company (DE) Key Financials

P/E Ratio daily chart for Deere & Company (DE)

Historical P/E Ratio for Deere & Company (DE) from 2001 to 2025

About P/E Ratio at Deere & Company (DE)

Deere & Company P/E Ratio by Year

Deere & Company P/E Ratio 2025: 24.8×

Deere & Company P/E Ratio 2024: 15.8×

Deere & Company P/E Ratio 2023: 10.3×

Deere & Company P/E Ratio 2022: 16.7×

Deere & Company P/E Ratio 2021: 18.6×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Deere & Company's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Deere & Company?

+Is Deere & Company's P/E ratio high or low?

+What is Deere & Company's historical P/E ratio range?

+What was Deere & Company's P/E ratio in 2025?

+Why does Deere & Company's P/E ratio change over time?

Deere & Company (DE) Key Financials