Deere (XSWX:DE) Cyclically Adjusted PS Ratio: 3.87 (As of Aug. 15, 2026) — 45% Above Median

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XSWX:DE Deere & Co XSWX:DE
89 GF Score
Price CHF497.45
GF Value CHF299.38
! 5 Warning Signs
View Full Analysis

What is Deere Cyclically Adjusted PS Ratio?

Deere XSWX:DE -0.55% 89 Cyclically Adjusted PS Ratio is 3.87 as of Aug. 15, 2026, which is 45% above its 10-year median of 2.66. GuruFocus rates XSWX:DE with a GF Score™ of 89/100 and a GF Value™ of CHF299.38. 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 CHF497.45. Deere's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was CHF128.65. Deere's Cyclically Adjusted PS Ratio for today is 3.87.

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

XSWX:DE' 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.

XSWX:DE'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 XSWX:DE: 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 CHF38.077. 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 CHF128.65 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deere  (XSWX:DE) 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

XSWX:DE 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.


XSWX:DE
89GF Score
Deere & Co XSWX:DE
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
=497.45/128.65
=3.87

* 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)
=38.077/333.0200*333.0200
=38.077

Current CPI (Apr. 2026) = 333.0200.

Deere Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 20.239 240.628 28.010
201610 19.710 241.729 27.154
201701 16.870 242.839 23.135
201704 24.557 244.524 33.444
201707 22.221 244.786 30.231
201710 23.571 246.663 31.823
201801 19.924 247.867 26.769
201804 30.900 250.546 41.072
201807 30.548 252.006 40.368
201810 28.136 252.885 37.052
201901 23.787 251.712 31.471
201904 34.774 255.548 45.316
201907 30.440 256.571 39.510
201910 30.174 257.346 39.047
202001 22.704 257.971 29.309
202004 27.836 256.389 36.156
202007 25.686 259.101 33.014
202010 27.401 260.388 35.044
202101 24.918 261.582 31.723
202104 34.529 267.054 43.058
202107 32.896 273.003 40.128
202110 32.912 276.589 39.627
202201 27.719 281.148 32.833
202204 39.352 289.109 45.329
202207 43.939 296.276 49.388
202210 50.308 298.012 56.218
202301 38.299 299.170 42.632
202304 51.995 303.363 57.078
202307 46.398 305.691 50.546
202310 47.765 307.671 51.700
202401 36.204 308.417 39.092
202404 49.103 313.548 52.152
202407 41.570 314.540 44.012
202410 34.059 315.664 35.932
202501 27.599 317.671 28.933
202504 38.418 320.795 39.882
202507 34.685 323.048 35.756
202510 35.577 0.000
202601 27.228 325.252 27.878
202604 38.077 333.020 38.077

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 3.87 mean?
Deere (XSWX:DE) has a Cyclically Adjusted PS Ratio of 3.87 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 45% 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 3.87 is 45% 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 3.87 is 275.7% 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 89/100, 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 3.87 is 275.7% 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 3.87 is 275.7% 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 3.87, which is 45% 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?
Deere (XSWX:DE) has a current Cyclically Adjusted PS Ratio of 3.87. The stock's GF Value™ is CHF299.38, compared to a current price of CHF497.45 — trading 66.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.87, which is 45% above median its 10-year median of 2.66 and 275.7% above the Farm & Heavy Construction Machinery industry median of 1.03. Deere's overall GF Score™ is 89/100 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 (XSWX:DE), the current Cyclically Adjusted PS Ratio is 3.87 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 (XSWX:DE) Overvalued in 2026?

Based on GuruFocus' analysis, Deere stock appears to be overvalued. The current stock price of CHF497.45 is trading 66.2% above its estimated GF Value™ of CHF299.38.

Key valuation signals for XSWX:DE:

  • Cyclically Adjusted PS Ratio: 3.87 (45% above median its 10-year median of 2.66)
  • GF Value™: CHF299.38 vs. price of CHF497.45 (66.2% above fair value)
  • GF Score™: 89/100 with 5 warning signs
  • Industry Position: 275.7% above the Farm & Heavy Construction Machinery median (#144 of 167)

No single metric tells the full story. See the XSWX:DE 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.
89GF Score

Get the complete analysis for XSWX:DE

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

CHF497.45
Price
CHF299.38
GF Value