Price to Book Value (P/BV)
since 2005
Calculation
Caterpillar Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Equity attributable to common stockholders1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 16, 2024 | 8.25 | = | 321.91 | ÷ | 39.04 | 39.04 | = | 19,494 | ÷ | 499,377,269 | |
| Feb 15, 2023 | 8.09 | = | 248.70 | ÷ | 30.73 | 30.73 | = | 15,869 | ÷ | 516,345,490 | |
| Feb 16, 2022 | 6.62 | = | 203.64 | ÷ | 30.76 | 30.76 | = | 16,484 | ÷ | 535,888,051 | |
| Feb 17, 2021 | 7.20 | = | 202.30 | ÷ | 28.11 | 28.11 | = | 15,331 | ÷ | 545,303,847 | |
| Feb 19, 2020 | 5.16 | = | 136.86 | ÷ | 26.52 | 26.52 | = | 14,588 | ÷ | 550,082,610 | |
| Feb 14, 2019 | 5.44 | = | 132.62 | ÷ | 24.39 | 24.39 | = | 14,039 | ÷ | 575,542,738 | |
| Feb 15, 2018 | 6.98 | = | 159.98 | ÷ | 22.92 | 22.92 | = | 13,697 | ÷ | 597,625,772 | |
| Feb 15, 2017 | 4.42 | = | 99.02 | ÷ | 22.40 | 22.40 | = | 13,137 | ÷ | 586,486,024 | |
| Feb 16, 2016 | 2.56 | = | 65.21 | ÷ | 25.43 | 25.43 | = | 14,809 | ÷ | 582,321,890 | |
| Feb 17, 2015 | 3.09 | = | 85.38 | ÷ | 27.63 | 27.63 | = | 16,746 | ÷ | 606,166,559 | |
| Feb 18, 2014 | 2.96 | = | 96.56 | ÷ | 32.63 | 32.63 | = | 20,811 | ÷ | 637,822,342 | |
| Feb 19, 2013 | 3.57 | = | 95.60 | ÷ | 26.76 | 26.76 | = | 17,532 | ÷ | 655,048,493 | |
| Feb 21, 2012 | 5.78 | = | 115.00 | ÷ | 19.90 | 19.90 | = | 12,883 | ÷ | 647,533,344 | |
| Feb 22, 2011 | 6.02 | = | 102.01 | ÷ | 16.94 | 16.94 | = | 10,824 | ÷ | 638,822,714 | |
| Feb 19, 2010 | 4.16 | = | 58.25 | ÷ | 13.99 | 13.99 | = | 8,740 | ÷ | 624,722,719 | |
| Feb 20, 2009 | 2.63 | = | 26.66 | ÷ | 10.12 | 10.12 | = | 6,087 | ÷ | 601,526,641 | |
| Feb 22, 2008 | 5.00 | = | 71.18 | ÷ | 14.24 | 14.24 | = | 8,883 | ÷ | 623,986,134 | |
| Feb 23, 2007 | 6.33 | = | 67.26 | ÷ | 10.62 | 10.62 | = | 6,859 | ÷ | 645,808,176 | |
| Feb 22, 2006 | 5.81 | = | 73.06 | ÷ | 12.57 | 12.57 | = | 8,432 | ÷ | 670,867,219 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Caterpillar Inc. Annual Report.
Comparison to Competitors
Caterpillar Inc., P/BV, long-term trends, comparison to competitors
| Caterpillar Inc. | Boeing Co. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|
| Feb 16, 2024 | 8.25 | — | 6.07 | 5.43 | 8.11 | 15.54 | 2.05 |
| Feb 15, 2023 | 8.09 | — | 4.04 | 2.43 | 8.02 | 12.67 | 1.97 |
| Feb 16, 2022 | 6.62 | — | 3.63 | 2.64 | 6.91 | 9.62 | 1.95 |
| Feb 17, 2021 | 7.20 | — | 3.54 | 2.89 | 8.07 | 15.27 | 1.53 |
| Feb 19, 2020 | 5.16 | — | 2.48 | 3.66 | 6.97 | 39.60 | 3.24 |
| Feb 14, 2019 | 5.44 | 674.83 | 2.12 | 3.00 | 5.96 | 61.11 | 2.71 |
| Feb 15, 2018 | 6.98 | 569.92 | 2.06 | 1.96 | 6.44 | — | 3.38 |
| Feb 15, 2017 | 4.42 | 122.80 | 2.19 | 3.47 | 4.79 | 49.61 | 3.22 |
| Feb 16, 2016 | 2.56 | 12.17 | 1.72 | 2.79 | 4.35 | 21.37 | 2.59 |
| Feb 17, 2015 | 3.09 | 12.04 | 2.13 | 2.04 | 4.63 | 17.92 | 3.49 |
| Feb 18, 2014 | 2.96 | 6.50 | 2.15 | 1.96 | 4.25 | 10.65 | 3.14 |
| Feb 19, 2013 | 3.57 | 9.78 | 1.94 | 1.95 | 4.24 | 727.88 | 3.18 |
| Feb 21, 2012 | 5.78 | 16.10 | 2.32 | 1.75 | 4.31 | 28.67 | 3.48 |
| Feb 22, 2011 | 6.02 | 19.33 | 2.47 | 1.86 | 4.26 | 7.56 | 3.65 |
| Feb 19, 2010 | 4.16 | 20.59 | 1.67 | 1.47 | 3.27 | 7.00 | 3.12 |
| Feb 20, 2009 | 2.63 | — | 0.95 | 1.10 | 3.38 | 9.51 | 2.82 |
| Feb 22, 2008 | 5.00 | 7.24 | 2.28 | 2.97 | 4.52 | 4.38 | 3.28 |
| Feb 23, 2007 | 6.33 | 15.15 | 2.88 | 3.17 | 3.94 | 6.23 | 3.92 |
| Feb 22, 2006 | 5.81 | 5.26 | 2.73 | 3.15 | 3.05 | 4.05 | 3.39 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
Caterpillar Inc., P/BV, long-term trends, comparison to sector (capital goods)
| Caterpillar Inc. | Capital Goods | |
|---|---|---|
| Feb 16, 2024 | 8.25 | 6.94 |
| Feb 15, 2023 | 8.09 | 5.31 |
| Feb 16, 2022 | 6.62 | 4.77 |
| Feb 17, 2021 | 7.20 | 5.05 |
| Feb 19, 2020 | 5.16 | 6.91 |
| Feb 14, 2019 | 5.44 | 6.11 |
| Feb 15, 2018 | 6.98 | 5.42 |
| Feb 15, 2017 | 4.42 | 4.64 |
| Feb 16, 2016 | 2.56 | 3.45 |
| Feb 17, 2015 | 3.09 | 3.17 |
| Feb 18, 2014 | 2.96 | 2.85 |
| Feb 19, 2013 | 3.57 | 2.77 |
| Feb 21, 2012 | 5.78 | 2.89 |
| Feb 22, 2011 | 6.02 | 2.90 |
| Feb 19, 2010 | 4.16 | 2.29 |
| Feb 20, 2009 | 2.63 | 1.86 |
| Feb 22, 2008 | 5.00 | 3.46 |
| Feb 23, 2007 | 6.33 | 3.91 |
| Feb 22, 2006 | 5.81 | 3.47 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
Caterpillar Inc., P/BV, long-term trends, comparison to industry (industrials)
| Caterpillar Inc. | Industrials | |
|---|---|---|
| Feb 16, 2024 | 8.25 | 7.09 |
| Feb 15, 2023 | 8.09 | 5.60 |
| Feb 16, 2022 | 6.62 | 5.49 |
| Feb 17, 2021 | 7.20 | 5.98 |
| Feb 19, 2020 | 5.16 | 6.61 |
| Feb 14, 2019 | 5.44 | 6.18 |
| Feb 15, 2018 | 6.98 | 5.53 |
| Feb 15, 2017 | 4.42 | 5.00 |
| Feb 16, 2016 | 2.56 | 3.75 |
| Feb 17, 2015 | 3.09 | 3.63 |
| Feb 18, 2014 | 2.96 | 3.11 |
| Feb 19, 2013 | 3.57 | 3.02 |
| Feb 21, 2012 | 5.78 | 3.08 |
| Feb 22, 2011 | 6.02 | 3.03 |
| Feb 19, 2010 | 4.16 | 2.39 |
| Feb 20, 2009 | 2.63 | 1.98 |
| Feb 22, 2008 | 5.00 | 3.47 |
| Feb 23, 2007 | 6.33 | 3.76 |
| Feb 22, 2006 | 5.81 | 3.45 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).