Caterpillar (CAT) Price to Book (2009 - 2026)
Caterpillar's Price to Book was 25.24 in Q2 2026, up 159.0% from 9.75 a year earlier and up 44.3% from the prior quarter.
Powered by 
Analysis
Caterpillar (CAT) Price to Book (2009 - 2026) Analysis & Trends
For FY2025, Price to Book at Caterpillar came in at 12.50, up 40.6% from FY2024.
- In earlier years, Price to Book was 8.89 in FY2024 (+17.5%), 7.57 in FY2023 (-2.7%), 7.78 in FY2022 (+16.0%) and 6.71 in FY2021 (+3.9%).
- The Q2 2026 figure marks the highest quarterly Price to Book in data going back to Q1 2009.
- Compared with a year earlier, Price to Book has increased for five straight quarters, with growth averaging 45.4% over the last eight quarters.
- The best year-over-year quarter for Price to Book over five years was Q2 2026 (growth of 159.0%); the worst was Q1 2025 (a decline of 15.4%).
- Per Business Quant data, CAT's Price to Book in the three quarters before Q2 2026 was 17.49 (Q1 2026), 12.50 (Q4 2025) and 10.81 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Caterpillar | 351.72 Bn | 323.42 Bn | 7.76 Bn |
| 2 | Amphenol | 209.71 Bn | 204.29 Bn | 3.55 Bn |
| 3 | Deere | 174.37 Bn | 142.46 Bn | 4.66 Bn |
| 4 | Eaton | 165.35 Bn | 162.53 Bn | 2.86 Bn |
| 5 | Parker-Hannifin | 120.55 Bn | 118.67 Bn | 2.25 Bn |
| 6 | Emerson Electric | 90.78 Bn | 83.52 Bn | 2.66 Bn |
| 7 | Vertiv Holdings | 90.21 Bn | 80.83 Bn | 1.23 Bn |
| 8 | 3M | 83.91 Bn | 65.31 Bn | 2.68 Bn |
| 9 | Illinois Tool Works | 75.91 Bn | 72.47 Bn | 1.90 Bn |
| 10 | Cummins | 72.58 Bn | 68.66 Bn | 2.47 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.24 |
| Mar 31, 2026 | 17.49 |
| Dec 31, 2025 | 12.50 |
| Sep 30, 2025 | 10.81 |
| Jun 30, 2025 | 9.75 |
| Mar 31, 2025 | 8.60 |
| Dec 31, 2024 | 8.89 |
| Sep 30, 2024 | 9.73 |
| Jun 30, 2024 | 9.43 |
| Mar 31, 2024 | 10.16 |
| Dec 31, 2023 | 7.57 |
| Sep 30, 2023 | 6.78 |
| Jun 30, 2023 | 6.88 |
| Mar 31, 2023 | 6.50 |
| Dec 31, 2022 | 7.78 |
| Sep 30, 2022 | 5.47 |
| Jun 30, 2022 | 5.99 |
| Mar 31, 2022 | 6.95 |
| Dec 31, 2021 | 6.71 |
| Sep 30, 2021 | 6.22 |
API Access
Caterpillar Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "CAT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();