CAT

NYSE

CATERPILLAR INC

Industrials, Construction Machinery & Heavy Transportation Equipment

$842.19

close 7 Aug 2026

+106.15%

52-week change

$387.15B

market cap

$405.46

$1,073.46

52-week range

Expected price

$372.70 – $455.53

Current price

$842.19

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)36.25x

P/S (TTM)5.18x

P/B19.96x

EV/EBITDA (TTM)—

FCF yield (TTM)2.76%

PEG (TTM, GAAP)2.56

Context

P/E, own 5-year average21.46x

P/E, sector median29.72x*

Price at 5-year median P/E$413.36*

Indicated dividend yield0.77%

Forward — analyst consensus

Forward P/E (FY2026)31.37x*

Forward P/E (FY2027)26.35x

Forward PEG1.65*

Consensus EPS FY2026 (26 analysts)$26.85

EPS growth (FY2026→FY2027)19.06%

Revenue growth (FY2026)16.70%

Street view

Price target (mean)$972.95*

Target upside15.53%

Ratings (buy / hold / sell)14 / 12 / 2

FY2026 EPS revisions, 30d (up / down)4 / 3

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 5 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +10.76%10Y CAGR +5.32%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$842.19

Cash & equivalents$6.71B

Total debt—

Shares outstanding459.70M

Result

DCF price per share—

Current price$842.19

Margin of safety—

PV of years 1–10$123.23B

PV of terminal value$256.60B

Equity value—

Market-implied growth—

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$11.85B	$13.12B	$14.54B	$16.10B	$17.83B	$19.75B	$21.88B	$24.23B	$26.84B	$29.73B	$553.98B
PV	$10.97B	$11.25B	$11.54B	$11.83B	$12.14B	$12.45B	$12.76B	$13.09B	$13.43B	$13.77B	$256.60B

period to 30 Jun 2026, filed 5 Aug 2026, close 7 Aug 2026