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As of today (2024-05-04), Caterpillar's current share price is $336.75. Caterpillar's E10 for the quarter that ended in Mar. 2024 was $9.67. Caterpillar's Shiller PE Ratio for today is 34.82.
The historical rank and industry rank for Caterpillar's Shiller PE Ratio or its related term are showing as below:
During the past years, Caterpillar's highest Shiller PE Ratio was 39.49. The lowest was 10.56. And the median was 23.32.
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Caterpillar's adjusted earnings per share data for the three months ended in Mar. 2024 was $5.750. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $9.67 for the trailing ten years ended in Mar. 2024.
The historical data trend for Caterpillar's Shiller PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Caterpillar Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Shiller PE Ratio | Get a 7-Day Free Trial | 28.27 | 28.75 | 30.37 | 31.85 | 37.89 |
For the Farm & Heavy Construction Machinery subindustry, Caterpillar's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Farm & Heavy Construction Machinery industry and Industrials sector, Caterpillar's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Caterpillar's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
Caterpillar's Shiller PE Ratio for today is calculated as
Shiller PE Ratio | = | Share Price | / | E10 |
= | 336.75 | / | 9.67 | |
= | 34.82 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Caterpillar's E10 for the quarter that ended in Mar. 2024 is calculated as:
For example, Caterpillar's adjusted earnings per share data for the three months ended in Mar. 2024 was:
Adj_EPS | = | Earnings per Share (Diluted) | / | CPI of Mar. 2024 (Change) | * | Current CPI (Mar. 2024) |
= | 5.75 | / | 129.4194 | * | 129.4194 | |
= | 5.750 |
Current CPI (Mar. 2024) = 129.4194.
Caterpillar Quarterly Data
Earnings per Share (Diluted) | CPI | Adj_EPS | |
201406 | 1.570 | 100.560 | 2.021 |
201409 | 1.630 | 100.428 | 2.101 |
201412 | 1.230 | 99.070 | 1.607 |
201503 | 2.030 | 99.621 | 2.637 |
201506 | 1.310 | 100.684 | 1.684 |
201509 | 0.940 | 100.392 | 1.212 |
201512 | -0.150 | 99.792 | -0.195 |
201603 | 0.460 | 100.470 | 0.593 |
201606 | 0.930 | 101.688 | 1.184 |
201609 | 0.480 | 101.861 | 0.610 |
201612 | -2.000 | 101.863 | -2.541 |
201703 | 0.320 | 102.862 | 0.403 |
201706 | 1.350 | 103.349 | 1.691 |
201709 | 1.770 | 104.136 | 2.200 |
201712 | -2.180 | 104.011 | -2.713 |
201803 | 2.740 | 105.290 | 3.368 |
201806 | 2.820 | 106.317 | 3.433 |
201809 | 2.880 | 106.507 | 3.500 |
201812 | 1.780 | 105.998 | 2.173 |
201903 | 3.250 | 107.251 | 3.922 |
201906 | 2.830 | 108.070 | 3.389 |
201909 | 2.660 | 108.329 | 3.178 |
201912 | 1.970 | 108.420 | 2.352 |
202003 | 1.980 | 108.902 | 2.353 |
202006 | 0.840 | 108.767 | 0.999 |
202009 | 1.220 | 109.815 | 1.438 |
202012 | 1.420 | 109.897 | 1.672 |
202103 | 2.770 | 111.754 | 3.208 |
202106 | 2.560 | 114.631 | 2.890 |
202109 | 2.600 | 115.734 | 2.907 |
202112 | 3.910 | 117.630 | 4.302 |
202203 | 2.860 | 121.301 | 3.051 |
202206 | 3.130 | 125.017 | 3.240 |
202209 | 3.870 | 125.227 | 4.000 |
202212 | 2.790 | 125.222 | 2.884 |
202303 | 3.740 | 127.348 | 3.801 |
202306 | 5.670 | 128.729 | 5.700 |
202309 | 5.450 | 129.860 | 5.432 |
202312 | 5.280 | 129.419 | 5.280 |
202403 | 5.750 | 129.419 | 5.750 |
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Thank you for viewing the detailed overview of Caterpillar's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Anthony D. Fassino | officer: Group President | 510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015 |
Cheryl H Johnson | officer: Chief Human Resources Officer | 40 WESTMINSTER STREET, PROVIDENCE RI 02903 |
Joseph E Creed | officer: Interim CFO | 510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015 |
Denise C Johnson | officer: Group President | C/O CATERPILLAR, INCORPORATED, 901 WEST WASHINGTON, CV41110, EAST PEORIA IL 61630 |
Lange Bob De | officer: Group President | 510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015 |
Fish James C Jr | director | 800 CAPITOL STREET 3000, HOUSTON TX 77002 |
Judith Fran Marks | director | C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484 |
David Maclennan | director | 14701 CHARLSON ROAD, EDEN PRAIRIE MN 55347 |
Suzette M Long | officer: Int. Executive Vice President | 510 LAKE COOK ROAD, SUITE 100, DEERFILED IL 60015 |
Daniel M Dickinson | director | THAYER CAPITAL PARTNERS, 1455 PENNSYLVANIA AVENUE NW, STE 350, WASHINGTON DC 20004 |
William E Schaupp | officer: Chief Accounting Officer | PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272 |
Gary Michael Marvel | officer: Chief Accounting Officer | 510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015 |
Gerald Johnson | director | 300 RENAISSANCE CENTER, M/C: 482-C23-A68, DETROIT MI 48265 |
Ramin Younessi | officer: Group President | 510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015 |
William P Ainsworth | officer: Group President | 510 LAKE COOK ROAD, SUITE 100, DEERFIELD X1 60015 |
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