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Deere (DE) Cyclically Adjusted PB Ratio : 9.04 (As of Jul. 20, 2025)


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What is Deere Cyclically Adjusted PB Ratio?

As of today (2025-07-20), Deere's current share price is $499.82. Deere's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 was $55.28. Deere's Cyclically Adjusted PB Ratio for today is 9.04.

The historical rank and industry rank for Deere's Cyclically Adjusted PB Ratio or its related term are showing as below:

DE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.65   Med: 7.43   Max: 13.1
Current: 9.04

During the past years, Deere's highest Cyclically Adjusted PB Ratio was 13.10. The lowest was 3.65. And the median was 7.43.

DE's Cyclically Adjusted PB Ratio is ranked worse than
94.67% of 169 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.81 vs DE: 9.04

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Deere's adjusted book value per share data for the three months ended in Apr. 2025 was $89.677. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $55.28 for the trailing ten years ended in Apr. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deere Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Deere's Cyclically Adjusted PB 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.

Deere Cyclically Adjusted PB Ratio Chart

Deere Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.94 10.27 9.90 7.94 7.82

Deere Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial 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 7.97 7.39 7.82 8.93 8.39

Competitive Comparison of Deere's Cyclically Adjusted PB Ratio

For the Farm & Heavy Construction Machinery subindustry, Deere's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Deere's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Deere's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Deere's Cyclically Adjusted PB Ratio falls into.


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Deere Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Deere's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=499.82/55.28
=9.04

* 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.

Deere's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 is calculated as:

For example, Deere's adjusted Book Value per Share data for the three months ended in Apr. 2025 was:

Adj_Book=Book Value per Share/CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=89.677/135.3468*135.3468
=89.677

Current CPI (Apr. 2025) = 135.3468.

Deere Quarterly Data

Book Value per Share CPI Adj_Book
201507 23.534 100.691 31.634
201510 21.294 100.346 28.721
201601 20.900 99.957 28.300
201604 22.797 100.947 30.566
201607 23.625 101.524 31.496
201610 20.714 101.988 27.489
201701 21.445 102.456 28.329
201704 24.025 103.167 31.519
201707 26.680 103.278 34.964
201710 29.696 104.070 38.621
201801 28.576 104.578 36.984
201804 32.102 105.708 41.103
201807 32.195 106.324 40.983
201810 35.446 106.695 44.965
201901 35.567 106.200 45.328
201904 37.601 107.818 47.201
201907 38.955 108.250 48.706
201910 36.447 108.577 45.433
202001 38.027 108.841 47.288
202004 37.921 108.173 47.447
202007 41.126 109.318 50.918
202010 41.246 109.861 50.815
202101 44.931 110.364 55.102
202104 48.381 112.673 58.117
202107 50.735 115.183 59.617
202110 59.828 116.696 69.390
202201 58.034 118.619 66.218
202204 61.851 121.978 68.630
202207 63.061 125.002 68.280
202210 67.818 125.734 73.003
202301 71.989 126.223 77.193
202304 76.383 127.992 80.772
202307 80.027 128.974 83.981
202310 77.366 129.810 80.666
202401 79.304 130.124 82.487
202404 82.317 132.289 84.220
202407 84.291 132.708 85.967
202410 84.033 133.182 85.399
202501 82.822 134.029 83.636
202504 89.677 135.347 89.677

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

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.


Deere  (NYSE:DE) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Deere Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Deere's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Deere Business Description

Address
One John Deere Place, Moline, IL, USA, 61265
Deere is the world's leading manufacturer of agricultural equipment and a major producer of construction machinery. The company is divided into four reporting segments: production & precision agriculture (PPA), small agriculture & turf (SAT), construction & forestry (CF), and financial services (FS), its captive finance subsidiary. The core PPA business is the largest contributor to sales and profits by far. Geographically, Deere sales are 60% US/Canada, 17% Europe, 14% Latin America, and 9% rest of world. Deere goes to market through a robust dealer network that includes over 2,000 dealer locations in North America with reach into over 100 countries. John Deere financial provides retail financing for machinery to its customers and wholesale financing for dealers.
Executives
Rajesh Kalathur officer: Sr. VP and CFO DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Reed Cory J officer: Pres., John Deere Financial DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Deanna M Kovar officer: Pres Ag & Turf, Sml Ag & Turf ONE JOHN DEERE PLACE, MOLINE IL 61265
Ryan D Campbell officer: Senior Vice President & CFO ONE JOHN DEERE PLACE, MOLINE IL 61265
Laurence Neil Hunn director 100 NORTH POINT CENTER EAST, SUITE 200, ALPHARETTA GA 30022
May John C Ii officer: President, Ag Solutions & CIO DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Pentz Markwart Von officer: Pres.Ag Div.Europe,Africa,SA DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Tami A. Erwin director 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Jahmy J Hindman officer: Sr VP & Chief Technology Offcr ONE JOHN DEERE PLACE, MOLINE IL 61265
Marc A Howze officer: Sr. VP & Chief Admin Offcr DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Justin Ryan Rose officer: Pres, L.C. Sol, Cus Sup & S.M. ONE JOHN DEERE PLACE, MOLINE IL 61265
Joshua A Jepsen officer: Senior V.P. & CFO ONE JOHN DEERE PLACE, MOLINE IL 61265
Felecia J. Pryor officer: Snr V.P. & Chief People Offcr 3850 W. HAMLIN ROAD, AUBURN HILLS MI 48326
John H Stone officer: Pres., WW Const & For & Pow Sy C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Leanne G Caret director 1000 WILSON BLVD, ARLINGTON VA 22209