Deere (BSP:DEEC34) Cyclically Adjusted PS Ratio: 4.00 (As of Aug. 15, 2026) — 50% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:DEEC34 Deere & Co BSP:DEEC34
69 GF Score
Price R$106.36
GF Value R$64.01
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Deere Cyclically Adjusted PS Ratio?

Deere BSP:DEEC34 +0.02% 69 Cyclically Adjusted PS Ratio is 4.00 as of Aug. 15, 2026, which is 50% above its 10-year median of 2.66. GuruFocus rates BSP:DEEC34 with a GF Score™ of 69/100 and a GF Value™ of R$64.01 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 167 Farm & Heavy Construction Machinery companies, Deere ranks worse than 86.23% on this metric.

As of today (2026-08-15), Deere's current share price is R$106.36. Deere's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was R$26.61. Deere's Cyclically Adjusted PS Ratio for today is 4.00.

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

BSP:DEEC34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.04   Med: 2.66   Max: 4.14
Current: 3.68

During the past years, Deere's highest Cyclically Adjusted PS Ratio was 4.14. The lowest was 1.04. And the median was 2.66.

BSP:DEEC34's Cyclically Adjusted PS Ratio is ranked worse than
86.23% of 167 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.03 vs BSP:DEEC34: 3.68

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Deere's adjusted revenue per share data for the three months ended in Apr. 2026 was R$8.112. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R$26.61 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deere  (BSP:DEEC34) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Deere Cyclically Adjusted PS Ratio Related Terms


Deere Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

Deere Cyclically Adjusted PS Ratio Chart

Deere Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.02 3.09 2.61 2.71 2.91

Deere Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted PS 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 3.01 3.36 2.91 3.30 3.57

BSP:DEEC34 vs PCAR, CNH, OSK: Cyclically Adjusted PS Ratio Comparison

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

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

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


BSP:DEEC34
69GF Score
Deere & Co BSP:DEEC34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deere Cyclically Adjusted PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=106.36/26.61
=4.00

* 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 Revenue per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Deere's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=8.112/333.0200*333.0200
=8.112

Current CPI (Apr. 2026) = 333.0200.

Deere Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 2.250 240.628 3.114
201610 2.119 241.729 2.919
201701 1.781 242.839 2.442
201704 2.567 244.524 3.496
201707 2.467 244.786 3.356
201710 2.554 246.663 3.448
201801 2.221 247.867 2.984
201804 3.625 250.546 4.818
201807 3.912 252.006 5.170
201810 3.549 252.885 4.674
201901 2.993 251.712 3.960
201904 4.480 255.548 5.838
201907 3.881 256.571 5.037
201910 4.135 257.346 5.351
202001 3.239 257.971 4.181
202004 5.086 256.389 6.606
202007 4.841 259.101 6.222
202010 5.631 260.388 7.202
202101 5.029 261.582 6.402
202104 6.953 267.054 8.670
202107 6.169 273.003 7.525
202110 6.589 276.589 7.933
202201 5.559 281.148 6.585
202204 6.600 289.109 7.602
202207 8.105 296.276 9.110
202210 8.853 298.012 9.893
202301 7.173 299.170 7.985
202304 9.686 303.363 10.633
202307 8.511 305.691 9.272
202310 8.910 307.671 9.644
202401 6.909 308.417 7.460
202404 9.228 313.548 9.801
202407 8.615 314.540 9.121
202410 7.418 315.664 7.826
202501 6.079 317.671 6.373
202504 8.895 320.795 9.234
202507 8.008 323.048 8.255
202510 8.005 0.000
202601 6.130 325.252 6.276
202604 8.112 333.020 8.112

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 4.00 mean?
Deere (BSP:DEEC34) has a Cyclically Adjusted PS Ratio of 4.00 as of Aug. 15, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Deere and its competitors. This is 50% above median its historical median of 2.66. Over the past decade, Deere's Cyclically Adjusted PS Ratio has ranged from 1.04 to 4.14. According to the industry distribution chart, Deere ranks #144 out of 167 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 86.2%.
Is Deere's Cyclically Adjusted PS Ratio too high?
Deere's current Cyclically Adjusted PS Ratio of 4.00 is 50% above median its 10-year median of 2.66. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 4.14. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PS Ratio is 1.03. Deere's value of 4.00 is 288.3% above this industry median. Based on the distribution chart, Deere ranks #144 out of 167 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Deere has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Deere's Cyclically Adjusted PS Ratio compare to PCAR and CNH?
According to the Farm & Heavy Construction Machinery industry distribution chart, Deere ranks #144 out of 167 companies for Cyclically Adjusted PS Ratio. This places Deere in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.03. Deere's value of 4.00 is 288.3% above this benchmark. Historically, Deere's own Cyclically Adjusted PS Ratio has ranged from 1.04 to 4.14 over the past decade. While the company's 10-year median is 2.66 vs. the industry median of 1.03, Deere has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PS Ratio among Farm & Heavy Construction Machinery companies is 1.03, based on 167 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Deere's current Cyclically Adjusted PS Ratio of 4.00 is 288.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Deere and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PS Ratio is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deere's current Cyclically Adjusted PS Ratio is 4.00, which is 50% above median its own 10-year median of 2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deere stock overvalued right now?
Based on GuruFocus' analysis, Deere (BSP:DEEC34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$64.01, compared to a current price of R$106.36 — trading 66.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.00, which is 50% above median its 10-year median of 2.66 and 288.3% above the Farm & Heavy Construction Machinery industry median of 1.03. Deere's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Deere (BSP:DEEC34), the current Cyclically Adjusted PS Ratio is 4.00 as of Aug. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Deere (BSP:DEEC34) Overvalued in 2026?

Based on GuruFocus' analysis, Deere stock appears to be overvalued. The current stock price of R$106.36 is trading 66.2% above its estimated GF Value™ of R$64.01. GuruFocus considers Deere to be Significantly Overvalued.

Key valuation signals for BSP:DEEC34:

  • Cyclically Adjusted PS Ratio: 4.00 (50% above median its 10-year median of 2.66)
  • GF Value™: R$64.01 vs. price of R$106.36 (66.2% above fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 288.3% above the Farm & Heavy Construction Machinery median (#144 of 167)

No single metric tells the full story. See the BSP:DEEC34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


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, or PPA, small agriculture & turf, or SAT, construction & forestry, or CF, and financial services, or 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 the 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.
69GF Score

Get the complete analysis for BSP:DEEC34

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$106.36
Price
R$64.01
GF Value