Deere & Company (DE) P/E Ratio History
ExpensiveTrading at 38.0x vs 5Y avg 19.4x · 100th percentile · Material premium to history · Data 1989–2026
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P/E Ratio Analysis
As of September 23, 2026, Deere & Company (DE) trades at a price-to-earnings ratio of 38.0x, with a stock price of $703.12 and trailing twelve-month earnings per share of $18.00.
The current P/E is 96% above its 5-year average of 19.4x. Over the past five years, DE's P/E has ranged from a low of 10.5x to a high of 32.9x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Industrials sector median P/E of 26.4x, DE trades at a 44% premium to its sector peers. The sector includes 397 companies with P/E ratios ranging from 0.1x to 194.2x.
The PEG ratio of 2.33 (P/E divided by -28% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, DE commands a significant premium over the S&P 500 median P/E of 25.5x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our DE DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
DE Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
DE P/E vs Peers
Farm Equipment and Implements OEMs peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $17B | 33.3 | - | -59% | |
| $9B | 12.4Lowest | 1.07 | +271% | |
| $372B | 42.9 | 1.53 | -15% | |
| $1B | 16.9 | 1.23 | +13% | |
| $972M | 25.2 | - | +784%Best | |
| $4B | 17.7 | 0.19Best | -33% | |
| $19B | 13.4 | 0.31 | +33% | |
| $8B | 14.5 | - | +209% | |
| $40B | 36.9 | - | -39% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
DE Historical P/E Data (1989–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Aug 02 2026 | $592.67 | $18.00 | 32.9x | +1% |
| FY2026 Q2 | May 03 2026 | $577.26 | $17.65 | 32.7x | +1% |
| FY2026 Q1 | Feb 01 2026 | $528.00 | $17.74 | 29.8x | -8% |
| FY2025 Q4 | Nov 02 2025 | $461.63 | $18.51 | 24.9x | -23% |
| FY2025 Q3 | Jul 27 2025 | $517.38 | $19.13 | 27.0x | -17% |
| FY2025 Q2 | Apr 27 2025 | $459.30 | $20.67 | 22.2x | -32% |
| FY2025 Q1 | Jan 26 2025 | $478.77 | $22.56 | 21.2x | -35% |
| FY2024 Q4 | Oct 27 2024 | $407.93 | $25.60 | 15.9x | -51% |
| FY2024 Q3 | Jul 28 2024 | $386.55 | $29.31 | 13.2x | -59% |
| FY2024 Q2 | Apr 28 2024 | $393.33 | $33.22 | 11.8x | -64% |
| FY2024 Q1 | Jan 28 2024 | $393.62 | $34.34 | 11.5x | -65% |
| FY2023 Q4 | - | $365.36 | $34.66 | 10.5x | -68% |
| FY2023 Q3 | Jul 30 2023 | $427.11 | $33.84 | 12.6x | -61% |
| FY2023 Q2 | Apr 30 2023 | $378.02 | $29.80 | 12.7x | -61% |
| FY2023 Q1 | Jan 29 2023 | $418.18 | $26.96 | 15.5x | -52% |
| FY2022 Q4 | Oct 31 2022 | $395.82 | $23.33 | 17.0x | -48% |
| FY2022 Q3 | Jul 31 2022 | $343.18 | $20.01 | 17.2x | -47% |
| FY2022 Q2 | May 01 2022 | $377.55 | $19.17 | 19.7x | -39% |
| FY2022 Q1 | Jan 30 2022 | $373.79 | $18.04 | 20.7x | -36% |
| FY2021 Q4 | Oct 31 2021 | $342.31 | $18.99 | 18.0x | -44% |
| FY2021 Q3 | Aug 01 2021 | $361.59 | $17.26 | 20.9x | -35% |
| FY2021 Q2 | May 02 2021 | $370.85 | $14.51 | 25.6x | -21% |
| FY2021 Q1 | Jan 31 2021 | $288.80 | $10.94 | 26.4x | -19% |
| FY2020 Q4 | Oct 31 2020 | $225.91 | $8.70 | 26.0x | -20% |
| FY2020 Q3 | Aug 02 2020 | $176.31 | $8.58 | 20.5x | -37% |
| FY2020 Q2 | May 03 2020 | $138.19 | $8.82 | 15.7x | -52% |
| FY2020 Q1 | Feb 02 2020 | $158.58 | $10.23 | 15.5x | -52% |
| FY2019 Q4 | - | $174.14 | $10.14 | 17.2x | -47% |
| FY2019 Q3 | Jul 28 2019 | $170.39 | $10.29 | 16.6x | -49% |
| FY2019 Q2 | Apr 28 2019 | $165.01 | $10.26 | 16.1x | -50% |
| FY2019 Q1 | Jan 27 2019 | $161.50 | $10.41 | 15.5x | -52% |
| FY2018 Q4 | Oct 31 2018 | $135.44 | $7.21 | 18.8x | -42% |
| FY2018 Q3 | Jul 29 2018 | $140.80 | $6.36 | 22.1x | -32% |
| FY2018 Q2 | Apr 29 2018 | $137.56 | $5.55 | 24.8x | -24% |
| FY2018 Q1 | Jan 28 2018 | $171.49 | $4.37 | 39.2x | +21% |
| FY2017 Q4 | - | $132.88 | $6.64 | 20.0x | -38% |
| FY2017 Q3 | Jul 30 2017 | $128.91 | $5.97 | 21.6x | -33% |
| FY2017 Q2 | Apr 30 2017 | $111.61 | $5.55 | 20.1x | -38% |
| FY2017 Q1 | Jan 29 2017 | $107.99 | $4.62 | 23.4x | -28% |
| FY2016 Q4 | Oct 31 2016 | $88.30 | $4.81 | 18.4x | -43% |
| FY2016 Q3 | Jul 31 2016 | $77.71 | $4.99 | 15.6x | -52% |
| FY2016 Q2 | Apr 30 2016 | $84.11 | $4.97 | 16.9x | -48% |
| FY2016 Q1 | Jan 31 2016 | $77.01 | $5.44 | 14.2x | -56% |
| FY2015 Q4 | Oct 31 2015 | $78.00 | $5.76 | 13.5x | -58% |
| FY2015 Q3 | Jul 31 2015 | $94.57 | $6.51 | 14.5x | -55% |
| FY2015 Q2 | - | $90.52 | $7.31 | 12.4x | -62% |
| FY2015 Q1 | Jan 31 2015 | $85.19 | $7.93 | 10.7x | -67% |
| FY2014 Q4 | Oct 31 2014 | $85.54 | $8.62 | 9.9x | -69% |
| FY2014 Q3 | - | $85.11 | $8.90 | 9.6x | -71% |
| FY2014 Q2 | Apr 30 2014 | $93.34 | $9.13 | 10.2x | -69% |
| FY2014 Q1 | Jan 31 2014 | $85.96 | $9.24 | 9.3x | -71% |
| FY2013 Q4 | - | $81.84 | $9.08 | 9.0x | -72% |
| FY2013 Q3 | Jul 31 2013 | $83.07 | $8.72 | 9.5x | -71% |
| FY2013 Q2 | - | $89.30 | $8.14 | 11.0x | -66% |
| FY2013 Q1 | - | $94.06 | $7.99 | 11.8x | -64% |
| FY2012 Q4 | Oct 31 2012 | $85.44 | $7.64 | 11.2x | -66% |
| FY2012 Q3 | - | $76.82 | $7.51 | 10.2x | -68% |
| FY2012 Q2 | Apr 30 2012 | $82.36 | $7.22 | 11.4x | -65% |
| FY2012 Q1 | - | $86.15 | $6.73 | 12.8x | -61% |
| FY2011 Q4 | Oct 31 2011 | $75.90 | $6.63 | 11.4x | -65% |
| FY2011 Q3 | Jul 31 2011 | $78.51 | $6.08 | 12.9x | -60% |
| FY2011 Q2 | Apr 30 2011 | $97.50 | $5.83 | 16.7x | -48% |
| FY2011 Q1 | Jan 31 2011 | $90.90 | $4.99 | 18.2x | -44% |
| FY2010 Q4 | Oct 31 2010 | $76.80 | $4.36 | 17.6x | -46% |
| FY2010 Q3 | Jul 31 2010 | $66.68 | $2.76 | 24.2x | -26% |
| FY2010 Q2 | Apr 30 2010 | $59.82 | $2.31 | 25.9x | -20% |
| FY2010 Q1 | Jan 31 2010 | $49.95 | $2.14 | 23.3x | -28% |
| FY2009 Q4 | Oct 31 2009 | $45.55 | $2.05 | 22.2x | -32% |
| FY2009 Q3 | Jul 31 2009 | $43.74 | $3.40 | 12.9x | -60% |
| FY2009 Q2 | - | $41.26 | $3.73 | 11.1x | -66% |
| FY2009 Q1 | Jan 31 2009 | $34.74 | $4.36 | 8.0x | -75% |
| FY2008 Q4 | Oct 31 2008 | $38.56 | $4.71 | 8.2x | -75% |
| FY2008 Q3 | - | $70.16 | $4.85 | 14.5x | -55% |
| FY2008 Q2 | Apr 30 2008 | $84.07 | $4.72 | 17.8x | -45% |
| FY2008 Q1 | - | $87.56 | $4.34 | 20.2x | -38% |
| FY2007 Q4 | Oct 31 2007 | $77.45 | $4.03 | 19.2x | -41% |
| FY2007 Q3 | - | $60.21 | $3.68 | 16.4x | -50% |
| FY2007 Q2 | Apr 30 2007 | $54.70 | $3.42 | 16.0x | -51% |
| FY2007 Q1 | Jan 31 2007 | $50.14 | $3.63 | 13.8x | -57% |
| FY2006 Q4 | - | $42.57 | $3.61 | 11.8x | -64% |
| FY2006 Q3 | Jul 31 2006 | $36.29 | $3.49 | 10.4x | -68% |
| FY2006 Q2 | Apr 30 2006 | $43.89 | $3.35 | 13.1x | -60% |
| FY2006 Q1 | - | $35.88 | $3.00 | 12.0x | -63% |
| FY2005 Q4 | Oct 31 2005 | $30.34 | $2.95 | 10.3x | -68% |
| FY2005 Q3 | Jul 31 2005 | $36.77 | $3.18 | 11.6x | -64% |
| FY2005 Q2 | Apr 30 2005 | $31.27 | $3.18 | 9.8x | -70% |
| FY2005 Q1 | Jan 31 2005 | $34.71 | $2.90 | 12.0x | -63% |
| FY2004 Q4 | Oct 31 2004 | $29.89 | $2.79 | 10.7x | -67% |
| FY2004 Q3 | Jul 31 2004 | $31.41 | $2.21 | 14.2x | -56% |
| FY2004 Q2 | Apr 30 2004 | $34.02 | $1.93 | 17.6x | -46% |
| FY2004 Q1 | Jan 31 2004 | $31.30 | $1.53 | 20.5x | -37% |
| FY2003 Q4 | Oct 31 2003 | $30.31 | $1.33 | 22.8x | -30% |
| FY2003 Q3 | - | $25.39 | $1.33 | 19.1x | -41% |
| FY2003 Q2 | Apr 30 2003 | $22.02 | $1.13 | 19.5x | -40% |
| FY2003 Q1 | Jan 31 2003 | $21.10 | $0.89 | 23.7x | -27% |
| FY2002 Q4 | - | $23.20 | $0.67 | 34.6x | +7% |
| FY2001 Q3 | - | $20.98 | $0.69 | 30.4x | -6% |
| FY2001 Q2 | Apr 30 2001 | $20.54 | $0.90 | 22.8x | -30% |
| FY2001 Q1 | Jan 31 2001 | $21.46 | $1.07 | 20.1x | -38% |
| FY2000 Q4 | - | $18.41 | $1.03 | 17.9x | -45% |
| FY2000 Q3 | Jul 31 2000 | $19.28 | $0.82 | 23.6x | -27% |
| FY2000 Q2 | Apr 30 2000 | $20.19 | $0.60 | 33.8x | +4% |
| FY2000 Q1 | Jan 31 2000 | $21.84 | $0.49 | 44.8x | +38% |
| FY1999 Q4 | Oct 31 1999 | $18.13 | $0.52 | 35.0x | +8% |
| FY1999 Q3 | Jul 31 1999 | $19.06 | $0.92 | 20.7x | -36% |
| FY1999 Q2 | Apr 30 1999 | $21.38 | $1.38 | 15.5x | -52% |
| FY1999 Q1 | Jan 31 1999 | $16.28 | $1.78 | 9.1x | -72% |
| FY1998 Q4 | Oct 31 1998 | $17.81 | $2.08 | 8.6x | -74% |
| FY1998 Q3 | Jul 31 1998 | $20.09 | $2.16 | 9.3x | -71% |
| FY1998 Q2 | - | $29.22 | $2.06 | 14.2x | -56% |
| FY1998 Q1 | Jan 31 1998 | $26.38 | $1.95 | 13.5x | -58% |
| FY1997 Q4 | Oct 31 1997 | $26.41 | $1.88 | 14.0x | -57% |
| FY1997 Q3 | - | $28.44 | $1.80 | 15.8x | -51% |
| FY1997 Q2 | Apr 30 1997 | $23.00 | $1.70 | 13.5x | -58% |
| FY1997 Q1 | Jan 31 1997 | $21.38 | $1.60 | 13.4x | -59% |
| FY1996 Q4 | - | $20.94 | $1.58 | 13.3x | -59% |
| FY1996 Q3 | Jul 31 1996 | $17.88 | $1.53 | 11.7x | -64% |
| FY1996 Q2 | - | $19.44 | $1.48 | 13.1x | -60% |
| FY1996 Q1 | Jan 31 1996 | $18.75 | $1.42 | 13.2x | -59% |
| FY1995 Q4 | - | $14.90 | $1.37 | 10.9x | -66% |
| FY1995 Q3 | Jul 31 1995 | $14.98 | $1.40 | 10.7x | -67% |
| FY1995 Q2 | Apr 30 1995 | $13.67 | $1.36 | 10.1x | -69% |
| FY1995 Q1 | - | $11.87 | $1.27 | 9.3x | -71% |
| FY1994 Q4 | Oct 31 1994 | $11.94 | $1.17 | 10.2x | -69% |
| FY1993 Q3 | Jul 31 1993 | $10.60 | $0.23 | 45.3x | +39% |
| FY1993 Q2 | Apr 30 1993 | $10.04 | $0.03 | 293.6x | +805% |
| FY1993 Q1 | Jan 31 1993 | $7.73 | $0.06 | 120.4x | +271% |
| FY1992 Q4 | Oct 31 1992 | $6.58 | $0.08 | 83.1x | +156% |
| FY1992 Q1 | Jan 31 1992 | $8.35 | $0.01 | 1670.0x | +5045% |
| FY1991 Q3 | Jul 31 1991 | $8.60 | $0.29 | 29.2x | -10% |
| FY1991 Q2 | - | $8.21 | $0.47 | 17.3x | -47% |
| FY1991 Q1 | - | $9.10 | $0.64 | 14.3x | -56% |
| FY1990 Q4 | Oct 31 1990 | $6.67 | $0.91 | 7.3x | -77% |
| FY1990 Q3 | - | $12.12 | $0.98 | 12.4x | -62% |
| FY1990 Q2 | Apr 30 1990 | $12.50 | $0.95 | 13.2x | -59% |
| FY1990 Q1 | Jan 31 1990 | $10.96 | $0.92 | 11.9x | -63% |
| FY1989 Q4 | - | $9.15 | $0.85 | 10.8x | -67% |
Average P/E for displayed period: 32.5x
DE Chart Terminal
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DE Stock Analysis
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
DE — Frequently Asked Questions
Quick answers to the most common questions about buying DE stock.
What is DE's P/E ratio?
Deere & Company (DE) trailing twelve-month P/E ratio is 38.0x, based on TTM diluted EPS of $18.00. The 5-year average P/E is 19.4x and the historical range spans 10.5x to 32.9x.
Is DE stock overvalued or undervalued?
DE trades at 38.0x P/E, above its 5-year average of 19.4x. The 100th percentile ranking within the 10.5x–32.9x historical range indicates a premium to historical valuation.
Is DE stock expensive?
Yes, DE is expensive relative to its own history. The current P/E of 38.0x is above the 5-year average of 19.4x and also above the Industrials sector median of 26.4x. The stock sits at the 100th percentile of its 5-year valuation range.
What is DE's historical P/E range?
Over the past 5 years, DE's P/E ratio has ranged from 10.5x to 32.9x, with a median of 18.0x and an average of 19.4x. The current P/E of 38.0x places the stock at the 100th percentile of this range. Full historical data spans 1989–2026.
How does DE's P/E compare to the S&P 500?
DE trades at 38.0x P/E versus the S&P 500 median of 25.5x. The 49% premium to the market typically reflects higher expected earnings growth or quality.
How does DE's valuation compare to Industrials peers?
Deere & Company P/E of 38.0x compares to the Industrials sector median of 26.4x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is DE's PEG ratio?
DE PEG ratio is 2.33, based on a P/E of 38.0x and EPS growth of -27.8%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is DE's earnings yield?
DE earnings yield is 2.63%, the inverse of its 38.0x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.