Price to Earnings (P/E)
since 2005
Calculation
Caterpillar Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Profit (loss) attributable to common stockholders1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 16, 2024 | 15.55 | = | 321.91 | ÷ | 20.70 | 20.70 | = | 10,335 | ÷ | 499,377,269 | |
| Feb 15, 2023 | 19.15 | = | 248.70 | ÷ | 12.99 | 12.99 | = | 6,705 | ÷ | 516,345,490 | |
| Feb 16, 2022 | 16.82 | = | 203.64 | ÷ | 12.11 | 12.11 | = | 6,489 | ÷ | 535,888,051 | |
| Feb 17, 2021 | 36.80 | = | 202.30 | ÷ | 5.50 | 5.50 | = | 2,998 | ÷ | 545,303,847 | |
| Feb 19, 2020 | 12.36 | = | 136.86 | ÷ | 11.08 | 11.08 | = | 6,093 | ÷ | 550,082,610 | |
| Feb 14, 2019 | 12.42 | = | 132.62 | ÷ | 10.68 | 10.68 | = | 6,147 | ÷ | 575,542,738 | |
| Feb 15, 2018 | 126.80 | = | 159.98 | ÷ | 1.26 | 1.26 | = | 754 | ÷ | 597,625,772 | |
| Feb 15, 2017 | — | = | 99.02 | ÷ | -0.11 | -0.11 | = | -67 | ÷ | 586,486,024 | |
| Feb 16, 2016 | 18.07 | = | 65.21 | ÷ | 3.61 | 3.61 | = | 2,102 | ÷ | 582,321,890 | |
| Feb 17, 2015 | 14.01 | = | 85.38 | ÷ | 6.10 | 6.10 | = | 3,695 | ÷ | 606,166,559 | |
| Feb 18, 2014 | 16.25 | = | 96.56 | ÷ | 5.94 | 5.94 | = | 3,789 | ÷ | 637,822,342 | |
| Feb 19, 2013 | 11.02 | = | 95.60 | ÷ | 8.67 | 8.67 | = | 5,681 | ÷ | 655,048,493 | |
| Feb 21, 2012 | 15.11 | = | 115.00 | ÷ | 7.61 | 7.61 | = | 4,928 | ÷ | 647,533,344 | |
| Feb 22, 2011 | 24.14 | = | 102.01 | ÷ | 4.23 | 4.23 | = | 2,700 | ÷ | 638,822,714 | |
| Feb 19, 2010 | 40.66 | = | 58.25 | ÷ | 1.43 | 1.43 | = | 895 | ÷ | 624,722,719 | |
| Feb 20, 2009 | 4.51 | = | 26.66 | ÷ | 5.91 | 5.91 | = | 3,557 | ÷ | 601,526,641 | |
| Feb 22, 2008 | 12.54 | = | 71.18 | ÷ | 5.67 | 5.67 | = | 3,541 | ÷ | 623,986,134 | |
| Feb 23, 2007 | 12.28 | = | 67.26 | ÷ | 5.48 | 5.48 | = | 3,537 | ÷ | 645,808,176 | |
| Feb 22, 2006 | 17.17 | = | 73.06 | ÷ | 4.25 | 4.25 | = | 2,854 | ÷ | 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/E, 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 | 15.55 | — | 35.88 | 16.18 | 22.73 | 15.35 | 38.31 |
| Feb 15, 2023 | 19.15 | — | 27.93 | — | 26.97 | 20.48 | 27.59 |
| Feb 16, 2022 | 16.82 | — | 27.77 | — | 23.14 | 16.70 | 36.79 |
| Feb 17, 2021 | 36.80 | — | 37.46 | 19.67 | 29.63 | 13.44 | — |
| Feb 19, 2020 | 12.36 | — | 18.06 | — | 20.97 | 19.87 | 24.41 |
| Feb 14, 2019 | 12.42 | 21.87 | 15.92 | — | 16.02 | 16.88 | 19.74 |
| Feb 15, 2018 | 126.80 | 24.68 | 11.90 | — | 67.20 | 48.70 | 21.97 |
| Feb 15, 2017 | — | 20.50 | 16.96 | 32.22 | 19.29 | 14.14 | 17.55 |
| Feb 16, 2016 | 18.07 | 14.89 | 13.17 | — | 16.70 | 18.36 | 9.31 |
| Feb 17, 2015 | 14.01 | 19.15 | 18.73 | 17.17 | 19.27 | 16.86 | 17.52 |
| Feb 18, 2014 | 16.25 | 21.10 | 19.35 | 19.59 | 18.91 | 17.56 | 17.51 |
| Feb 19, 2013 | 11.02 | 14.71 | 23.99 | 17.57 | 18.78 | 10.34 | 16.07 |
| Feb 21, 2012 | 15.11 | 14.09 | 12.83 | 15.52 | 22.54 | 10.81 | 15.29 |
| Feb 22, 2011 | 24.14 | 16.17 | 19.59 | 19.49 | 22.48 | 9.58 | 17.84 |
| Feb 19, 2010 | 40.66 | 33.40 | 29.60 | 16.09 | 13.44 | 9.56 | 16.33 |
| Feb 20, 2009 | 4.51 | 11.63 | 5.65 | 6.62 | 8.71 | 8.47 | 9.57 |
| Feb 22, 2008 | 12.54 | 15.99 | 11.89 | 15.45 | 17.07 | 14.15 | 16.61 |
| Feb 23, 2007 | 12.28 | 32.40 | 12.47 | 17.11 | 18.37 | 16.95 | 18.16 |
| Feb 22, 2006 | 17.17 | 22.62 | 12.82 | 21.07 | 20.71 | 17.45 | 18.76 |
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/E, long-term trends, comparison to sector (capital goods)
| Caterpillar Inc. | Capital Goods | |
|---|---|---|
| Feb 16, 2024 | 15.55 | 25.10 |
| Feb 15, 2023 | 19.15 | 40.21 |
| Feb 16, 2022 | 16.82 | 57.31 |
| Feb 17, 2021 | 36.80 | 123.55 |
| Feb 19, 2020 | 12.36 | 39.03 |
| Feb 14, 2019 | 12.42 | 56.00 |
| Feb 15, 2018 | 126.80 | 55.16 |
| Feb 15, 2017 | — | 23.62 |
| Feb 16, 2016 | 18.07 | 33.10 |
| Feb 17, 2015 | 14.01 | 17.47 |
| Feb 18, 2014 | 16.25 | 18.85 |
| Feb 19, 2013 | 11.02 | 15.74 |
| Feb 21, 2012 | 15.11 | 15.20 |
| Feb 22, 2011 | 24.14 | 18.46 |
| Feb 19, 2010 | 40.66 | 17.22 |
| Feb 20, 2009 | 4.51 | 7.48 |
| Feb 22, 2008 | 12.54 | 15.28 |
| Feb 23, 2007 | 12.28 | 17.63 |
| Feb 22, 2006 | 17.17 | 20.11 |
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/E, long-term trends, comparison to industry (industrials)
| Caterpillar Inc. | Industrials | |
|---|---|---|
| Feb 16, 2024 | 15.55 | 25.76 |
| Feb 15, 2023 | 19.15 | 36.38 |
| Feb 16, 2022 | 16.82 | 33.32 |
| Feb 17, 2021 | 36.80 | 161.96 |
| Feb 19, 2020 | 12.36 | 49.05 |
| Feb 14, 2019 | 12.42 | 35.40 |
| Feb 15, 2018 | 126.80 | 31.20 |
| Feb 15, 2017 | — | 23.64 |
| Feb 16, 2016 | 18.07 | 27.90 |
| Feb 17, 2015 | 14.01 | 18.70 |
| Feb 18, 2014 | 16.25 | 19.00 |
| Feb 19, 2013 | 11.02 | 17.25 |
| Feb 21, 2012 | 15.11 | 15.90 |
| Feb 22, 2011 | 24.14 | 18.62 |
| Feb 19, 2010 | 40.66 | 18.59 |
| Feb 20, 2009 | 4.51 | 8.47 |
| Feb 22, 2008 | 12.54 | 17.00 |
| Feb 23, 2007 | 12.28 | 17.68 |
| Feb 22, 2006 | 17.17 | 20.29 |
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).