How does Deere & Company’s P/E ratio compare with its history?
On this page, DE's current P/E is 38.7, compared with a multi-year average around 20.6. A higher P/E versus its own history is a calculated premium versus that average—not a conclusion that the stock is expensive. Cross-check profitability (ROE/ROIC), liquidity (current ratio), and leverage (debt-to-equity) so the multiple is read with those published figures.