Deere & Company Ratios | P/E, ROE & Valuation

On the Key Ratios page for Deere & Company (DE), the latest P/E of 33.8 frames valuation, while ROE 18.25% and ROIC 7.08% indicates profitability and capital efficiency. Together with the current ratio of 0.79 and debt-to-equity 2.34, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

DE Historical Per Share Metrics

10 years
Metric (FY)TTM202520242023202220212020201920182017
Revenue per Share$173.48$168.64$183.04$206.19$168.41$138.10$110.76$121.26$113.01$89.57
Net Income per Share$17.71$18.56$25.72$34.79$23.42$19.14$8.78$10.28$7.34$6.76
Operating Cash Flow per Share$29.37$27.53$33.45$29.39$15.43$24.79$23.87$10.78$5.64$6.89
Free Cash Flow per Share$13.95$11.93$16.05$14.10$2.99$16.51$15.40$-0.12$-3.50$-1.23
Cash per Share$34.56$35.76$30.72$28.76$18.09$28.06$24.58$14.02$13.62$30.63
Book Value per Share$101.67$96.00$83.06$74.90$66.85$59.16$41.29$36.12$35.04$29.97
Tangible Book Value per Share$81.35$77.25$63.27$56.14$49.52$43.60$27.23$22.54$20.59$26.05
Interest Debt per Share$248.61$247.72$249.32$226.37$174.92$159.58$151.65$147.87$134.72$128.15
CAPEX per Share$15.42$15.61$17.40$15.29$12.44$8.28$8.47$10.90$9.14$8.11

DE Historical Valuation Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Price to Earnings (P/E)33.7624.8815.7310.516.918.7525.7416.9418.4519.66
Price to Book (P/B)5.894.824.894.95.956.075.474.833.874.44
Price to Sales (P/S)3.442.742.211.772.352.62.041.441.21.48
Enterprise Value to EBITDA18.9815.511.589.3313.914.3315.1812.7511.3912.68
EV to Sales4.643.963.362.713.283.543.172.522.252.56
EV to Operating Cash Flow27.4124.2318.418.9835.7419.7414.7128.3145.0733.26
EV to Free Cash Flow57.7255.9338.3539.55184.3629.6322.8-2610.6-72.62-186.41
Enterprise Value$217.47B$180.72B$169.83B$162.99B$167.95B$152.50B$110.05B$96.59B$82.04B$73.16B

DE Historical Profitability Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Return on Equity (ROE)18.25%19.37%31.09%46.67%35.19%32.35%21.26%28.50%20.98%22.59%
Return on Invested Capital (ROIC)7.08%8.18%9.47%12.58%9.16%8.15%4.73%5.97%4.16%3.48%
Return on Tangible Assets4.71%4.98%6.97%10.31%8.41%7.52%3.89%4.73%3.62%3.35%
Earnings Yield2.97%4.02%6.36%9.52%5.92%5.33%3.88%5.90%5.42%5.09%
Free Cash Flow Yield2.34%2.58%3.97%3.86%0.76%4.60%6.82%-0.07%-2.59%-0.92%
Dividend Yield1.08%1.38%1.44%1.34%1.09%0.93%1.35%1.71%1.84%1.80%

DE Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202520242023202220212020201920182017
Current Ratio0.790.722.131.962.022.222.292.061.932.15
Interest Coverage2.882.973.415.958.57.723.53.33.633.26
Income Quality1.671.481.30.840.661.32.721.050.771.02
Debt to Equity2.342.462.872.922.582.643.583.973.744.19
Debt to Assets59.96%60.32%61.00%61.19%57.98%57.93%61.65%62.09%60.27%60.87%
Net Debt to EBITDA4.914.783.963.223.923.825.415.485.335.32

DE Historical Efficiency Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Receivables Turnover4.625.920.871.031.051.010.90.991.010.86
Payables Turnover8.612.0211.510.949.139.2412.3913.5410.459.68
Inventory Turnover3.73.84.314.624.164.294.774.524.195.13
Days Sales Outstanding79.0961.68421.67355.92348.62362.12406.34369.52361.44423.76
Days Payables Outstanding42.4180.2931.7433.3539.9839.529.4626.9634.9137.7
Days of Inventory on Hand98.739684.779.0787.6785.1176.4680.7187.0571.13

DE Historical Market Metrics

10 years
Metric (FY)TTM202520242023202220212020201920182017
Enterprise Value to EBITDA18.9815.511.589.3313.914.3315.1812.7511.3912.68
Market Cap$161.22B$125.06B$111.69B$106.76B$120.53B$111.79B$70.82B$55.12B$43.69B$42.46B
Enterprise Value$217.47B$180.72B$169.83B$162.99B$167.95B$152.50B$110.05B$96.59B$82.04B$73.16B
Dividend Yield1.08%1.38%1.44%1.34%1.09%0.93%1.35%1.71%1.84%1.80%
Payout Ratio36.69%34.22%22.61%14.04%18.41%17.44%34.75%28.99%34.03%35.39%

Frequently Asked Questions

Is Deere & Company stock overvalued based on its P/E ratio?

On this page, DE's current P/E is 33.8, compared with a multi-year average around 20.1. A higher P/E versus its own history can indicate the market is pricing in stronger earnings growth or better durability. To judge whether the premium is justified, cross-check profitability (ROE/ROIC), liquidity (current ratio), and leverage (debt-to-equity) so you can separate quality strength from expectations alone.

What is Deere & Company market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $161.22B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

What is a good P/E ratio for Deere & Company compared to its industry?

There isn't one universal "good" P/E - P/E should be judged against the business model and expected growth for its sector. A practical approach is: (1) compare the P/E on this page to Deere & Company's own historical range (shown across the table's rows), and (2) benchmark against peer companies using the Screener's P/E filters and the Peers Comparison/Compare tools. If profitability (ROE/ROIC) and cash-flow strength are improving, a higher P/E can be more defensible; if returns are slipping, even a lower P/E may be a value trap.

How does Deere & Company compare to its competitors in key financial ratios?

The fastest way to compare Deere & Company with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Deere & Company outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

Is Deere & Company financially strong based on its ratios?

To assess whether Deere & Company is financially strong, review both profitability and balance-sheet risk together. Current ratio is about 0.79, which is below 1.0 and can suggest tighter short-term liquidity. Interest coverage is about 2.88, implying a stronger ability to cover interest expenses. Debt-to-equity is about 2.34, suggesting higher leverage than a low-debt profile. Then confirm the same story is supported by ROE/ROIC (quality of earnings) and by cash-flow backed metrics in the table.

What do Deere & Company's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Deere & Company is sustaining strong returns (for example ROE at 18.25% and ROIC at 7.08%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.