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Caterpillar Shiller PE Ratio

: 26.34 (As of Today)
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As of today (2022-08-16), Caterpillar's current share price is $195.95. Caterpillar's E10 for the quarter that ended in Jun. 2022 was $7.44. Caterpillar's Shiller PE Ratio for today is 26.34.

The historical rank and industry rank for Caterpillar's Shiller PE Ratio or its related term are showing as below:

CAT' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.56   Med: 20.13   Max: 37.04
Current: 26.33

During the past years, Caterpillar's highest Shiller PE Ratio was 37.04. The lowest was 10.56. And the median was 20.13.

CAT's Shiller PE Ratio is ranked worse than
67.5% of 120 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 18.65 vs CAT: 26.33

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 Jun. 2022 was $3.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $7.44 for the trailing ten years ended in Jun. 2022.

Shiller PE for Stocks: The True Measure of Stock Valuation


Caterpillar Shiller PE Ratio Historical Data

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.

* Premium members only.

Caterpillar Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Shiller PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.14 24.40 23.69 28.55 29.04

Caterpillar Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.09 27.82 29.04 30.40 24.02

Competitive Comparison

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.

   

Caterpillar Shiller PE Ratio Distribution

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.



Caterpillar Shiller PE Ratio Calculation

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
=195.95/7.44
=26.34

* 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 Jun. 2022 is calculated as:

For example, Caterpillar's adjusted earnings per share data for the three months ended in Jun. 2022 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2022 (Change)*Current CPI (Jun. 2022)
=3.13/123.3228*123.3228
=3.130

Current CPI (Jun. 2022) = 123.3228.

Caterpillar Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201209 2.540 97.633 3.208
201212 1.040 96.871 1.324
201303 1.310 98.209 1.645
201306 1.450 98.518 1.815
201309 1.450 98.790 1.810
201312 1.540 98.326 1.932
201403 1.440 99.695 1.781
201406 1.570 100.560 1.925
201409 1.630 100.428 2.002
201412 1.230 99.070 1.531
201503 2.030 99.621 2.513
201506 1.310 100.684 1.605
201509 0.940 100.392 1.155
201512 -0.150 99.792 -0.185
201603 0.460 100.470 0.565
201606 0.930 101.688 1.128
201609 0.480 101.861 0.581
201612 -2.000 101.863 -2.421
201703 0.320 102.862 0.384
201706 1.350 103.349 1.611
201709 1.770 104.136 2.096
201712 -2.180 104.011 -2.585
201803 2.740 105.290 3.209
201806 2.820 106.317 3.271
201809 2.880 106.507 3.335
201812 1.780 105.998 2.071
201903 3.250 107.251 3.737
201906 2.830 108.070 3.229
201909 2.660 108.329 3.028
201912 1.970 108.420 2.241
202003 1.980 108.902 2.242
202006 0.840 108.767 0.952
202009 1.220 109.815 1.370
202012 1.420 109.897 1.593
202103 2.770 111.754 3.057
202106 2.560 114.631 2.754
202109 2.600 115.734 2.770
202112 3.910 117.630 4.099
202203 2.860 121.301 2.908
202206 3.130 123.323 3.130

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.


Caterpillar  (NYSE:CAT) Shiller PE Ratio Explanation

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.


Be Aware

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.


Caterpillar Shiller PE Ratio Related Terms

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.


Caterpillar Business Description

Caterpillar logo
Address
510 Lake Cook Road, Suite 100, Deerfield, IL, USA, 60015
Caterpillar is an iconic manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment with over 13% market share in 2021. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with over 2,000 branches maintained by 168 dealers. Caterpillar Financial Services provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.
Executives
Schaupp William E officer: Chief Accounting Officer PPG INDUSTRIES, INC. ONE PPG PLACE PITTSBURGH PA 15272
Maclennan David director 14701 CHARLSON ROAD EDEN PRAIRIE MN 55347
Johnson Gerald director 300 RENAISSANCE CENTER M/C: 482-C23-A68 DETROIT MI 48265
Fassino Anthony D. officer: Group President 510 LAKE COOK ROAD SUITE 100 DEERFIELD IL 60015
Marvel Gary Michael officer: Chief Accounting Officer 510 LAKE COOK ROAD SUITE 100 DEERFIELD IL 60015
Ainsworth William P officer: Group President 510 LAKE COOK ROAD SUITE 100 DEERFIELD X1 60015
Bonfield Andrew R J officer: Chief Financial Officer C/O BRISTOL MYERS SQUIBB CO 345 PARK AVE NEW YORK NY 10164
Younessi Ramin officer: Group President 510 LAKE COOK ROAD SUITE 100 DEERFIELD IL 60015
Creed Joseph E officer: Interim CFO 510 LAKE COOK ROAD SUITE 100 DEERFIELD IL 60015
Ayotte Kelly director C/O NEWS CORPORATION 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Johnson Cheryl H officer: Chief Human Resources Officer 40 WESTMINSTER STREET PROVIDENCE RI 02903
Wilkins Rayford Jr director 208 S. AKARD ST. -- DALLAS TX 75202
Long Suzette M officer: Int. Executive Vice President 510 LAKE COOK ROAD SUITE 100 DEERFILED IL 60015
De Lange Bob officer: Group President 510 LAKE COOK ROAD SUITE 100 DEERFIELD IL 60015
Johnson Denise C officer: Group President C/O CATERPILLAR, INCORPORATED 901 WEST WASHINGTON, CV41110 EAST PEORIA IL 61630

Caterpillar Headlines

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