Caterpillar (CAT) Price to Earnings (2009 - 2026)
Caterpillar's Price to Earnings came in at 31.51 for Q3 2026, up 30.8% from 24.08 a year earlier but down 30.2% from the prior quarter.
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Analysis
Caterpillar (CAT) Price to Earnings (2009 - 2026) Analysis & Trends
For FY2025, Caterpillar's Price to Earnings was 30.00, up 86.8% from FY2024.
- Going back by year, Price to Earnings was 16.07 in FY2024 (+12.4%), 14.29 in FY2023 (-22.6%), 18.45 in FY2022 (+8.1%) and 17.07 in FY2021 (-48.4%).
- The five-year range for quarterly Price to Earnings is 11.58 (Q3 2022) to 45.14 (Q2 2026).
- Year-over-year, Price to Earnings has increased for six consecutive quarters, with growth averaging 56.4% over the last eight quarters.
- The fastest year-over-year change in Price to Earnings over five years came in Q2 2026 (growth of 134.2%), and the weakest in Q1 2022 (a decline of 50.5%).
- Business Quant data shows CAT's Price to Earnings at 45.14 (Q2 2026), 34.61 (Q1 2026) and 30.00 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Caterpillar | 256.79 Bn | 228.09 Bn | 7.35 Bn |
| 2 | Amphenol | 183.76 Bn | 178.46 Bn | 4.02 Bn |
| 3 | Deere | 181.25 Bn | 149.34 Bn | 4.66 Bn |
| 4 | Eaton | 132.82 Bn | 129.76 Bn | 3.11 Bn |
| 5 | Parker-Hannifin | 115.39 Bn | 113.27 Bn | 2.26 Bn |
| 6 | 3M | 96.09 Bn | 77.53 Bn | 2.78 Bn |
| 7 | Emerson Electric | 90.66 Bn | 83.40 Bn | 2.66 Bn |
| 8 | Illinois Tool Works | 79.95 Bn | 76.63 Bn | 1.91 Bn |
| 9 | Vertiv Holdings | 70.25 Bn | 59.10 Bn | 1.64 Bn |
| 10 | Tenaris | 62.09 Bn | 33.35 Bn | 1.07 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 31.37 |
| Jun 30, 2026 | 45.14 |
| Mar 31, 2026 | 34.61 |
| Dec 31, 2025 | 30.00 |
| Sep 30, 2025 | 24.08 |
| Jun 30, 2025 | 19.27 |
| Mar 31, 2025 | 15.63 |
| Dec 31, 2024 | 16.07 |
| Sep 30, 2024 | 17.69 |
| Jun 30, 2024 | 14.67 |
| Mar 31, 2024 | 15.94 |
| Dec 31, 2023 | 14.29 |
| Sep 30, 2023 | 15.25 |
| Jun 30, 2023 | 15.01 |
| Mar 31, 2023 | 16.60 |
| Dec 31, 2022 | 18.45 |
| Sep 30, 2022 | 11.58 |
| Jun 30, 2022 | 13.97 |
| Mar 31, 2022 | 18.30 |
| Dec 31, 2021 | 17.07 |
API Access
Caterpillar Price to Earnings 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-earnings&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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-earnings&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();