Question 1

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

Accepted Answer

Deere & Company (DE) P/E ratio is 34.4× as of July 22, 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 34.4× is above its own 5-year average of 18.6× and above the sector median of 27.8×. That places the current reading at the 99th 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 38.3× in 2018. The 5-year average is 18.6× and the 5-year median is 17.6×.

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	$125B	$5.03B	24.8×	+9.0×	Nov 2, 2025
2024	$112B	$7.1B	15.8×	+5.6×	Oct 27, 2024
2023	$104B	$10.2B	10.3×	-6.4×	Oct 31, 2023
2022	$119B	$7.13B	16.7×	-1.9×	Oct 31, 2022
2021	$111B	$5.96B	18.6×	-7.2×	Oct 31, 2021
2020	$71B	$2.75B	25.8×	+9.0×	Oct 31, 2020
2019	$54.7B	$3.25B	16.8×	-1.5×	Oct 31, 2019
2018	$43.4B	$2.37B	18.3×	-1.5×	Oct 31, 2018
2017	$42.7B	$2.16B	19.8×	+1.6×	Oct 31, 2017
2016	$27.8B	$1.52B	18.2×	+5.2×	Oct 31, 2016
2015	$25.2B	$1.94B	13.0×	+3.5×	Oct 31, 2015
2014	$30.1B	$3.16B	9.5×	+0.8×	Oct 31, 2014
2013	$31B	$3.54B	8.8×	-2.1×	Oct 31, 2013
2012	$33.3B	$3.06B	10.9×	-0.3×	Oct 31, 2012
2011	$31.1B	$2.8B	11.1×	-6.2×	Oct 31, 2011
2010	$32.3B	$1.87B	17.3×	-4.7×	Oct 31, 2010
2009	$19.3B	$873M	22.1×	+14.1×	Oct 31, 2009
2008	$16.3B	$2.05B	7.9×	-10.7×	Oct 31, 2008
2007	$33.9B	$1.82B	18.6×	+7.2×	Oct 31, 2007
2006	$19.3B	$1.69B	11.4×	+1.5×	Oct 31, 2006
2005	$14.3B	$1.45B	9.9×	-1.0×	Oct 31, 2005
2004	$15.3B	$1.41B	10.9×	-11.9×	Oct 31, 2004
2003	$14.6B	$643M	22.8×	-11.8×	Oct 31, 2003
2002	$11B	$319M	34.6×	—	Oct 31, 2002


Pentair (PNR)	21.1×
Lennox International (LII)	20.6×
Copart (CPRT)	20.4×
Union Pacific (UNP)	19.9×
Allegion (ALLE)	19.7×
Alamo Group (ALG)	19.6×
Andersons (ANDE)	19.0×
Carlisle Companies (CSL)	18.8×
Snap-on (SNA)	18.5×
Brady (BRC)	18.5×
Canadian National Railway (CNI)	18.4×
FedEx (FDX)	18.4×
Pool (POOL)	18.1×
McGrath RentCorp (MGRC)	17.5×
Honeywell International (HON)	17.5×
A. O. Smith (AOS)	17.4×
Textron (TXT)	16.6×
Northrop Grumman (NOC)	16.1×
United Parcel Service (UPS)	15.9×
Delta Air Lines (DAL)	15.5×
ABM Industries (ABM)	15.2×
Masco (MAS)	14.6×
Upwork (UPWK)	12.9×
United Airlines Holdings (UAL)	12.7×
AGCO (AGCO)	10.9×

P/E Ratio for Deere & Company (DE) 2002-2026

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

Historical P/E Ratio for Deere & Company (DE) from 2002 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