DeereDE +2.25%87 Forward PE Ratio is 27.85 as of Jul. 07, 2026. GuruFocus rates DE with a GF Score™ of 87/100 and a GF Value™ of $375.20 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 116 Farm & Heavy Construction Machinery companies, Deere ranks worse than 94.83% on this metric.
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Deere Forward PE Ratio Related Terms
Deere Forward PE Ratio Historical Data
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The historical data trend for Deere's Forward 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.
Deere Forward PE Ratio Chart
Deere Annual Data
Trend
2016-10
2017-10
2018-10
2019-10
2020-10
2021-10
2022-10
2023-10
2024-10
2025-10
Forward PE Ratio
22.88
18.69
11.45
15.60
21.74
15.58
15.22
11.14
18.29
23.13
Deere Quarterly Data
2016-01
2016-04
2016-07
2016-10
2017-01
2017-04
2017-07
2017-10
2018-01
2018-04
2018-07
2018-10
2019-01
2019-04
2019-07
2019-10
2020-01
2020-04
2020-07
2020-10
2021-01
2021-04
2021-07
2021-10
2022-01
2022-04
2022-07
2022-10
2023-01
2023-04
2023-07
2023-10
2024-01
2024-04
2024-07
2024-10
2025-01
2025-04
2025-07
2025-10
2026-01
2026-04
Forward PE Ratio
16.45
19.42
20.58
22.88
23.81
23.47
19.08
18.69
21.01
14.58
12.21
11.45
14.08
14.66
14.86
15.60
17.54
15.27
20.37
21.74
23.04
24.75
17.45
15.58
16.81
16.64
13.23
15.22
14.95
12.80
13.77
11.14
13.95
14.77
15.80
18.29
24.69
24.41
23.05
23.13
31.93
31.42
DE vs PCAR, CNH, OSK: Forward PE Ratio Comparison
For the Farm & Heavy Construction Machinery subindustry, Deere's Forward PE Ratio, along with its competitors' market caps and Forward 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.
Deere Forward PE Ratio vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Deere's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Deere's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Deere (DE) has a Forward PE Ratio of 27.85 as of Jul. 07, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Deere and its competitors. According to the industry distribution chart, Deere ranks #110 out of 116 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 94.8%.
Is Deere's Forward PE Ratio too high?
Deere's current Forward PE Ratio is 27.85. The Farm & Heavy Construction Machinery industry median Forward PE Ratio is 13.63. Deere's value of 27.85 is 104.3% above this industry median. Based on the distribution chart, Deere ranks #110 out of 116 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Deere has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Deere's Forward PE Ratio compare to PCAR and CNH?
According to the Farm & Heavy Construction Machinery industry distribution chart, Deere ranks #110 out of 116 companies for Forward PE Ratio. This places Deere in the lower half of its industry. The industry median Forward PE Ratio is 13.63. Deere's value of 27.85 is 104.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Farm & Heavy Construction Machinery company?
The median Forward PE Ratio among Farm & Heavy Construction Machinery companies is 13.63, based on 116 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Deere's current Forward PE Ratio of 27.85 is 104.3% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Deere and its competitors. For the Farm & Heavy Construction Machinery industry, the median Forward PE Ratio is 13.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deere's current Forward PE Ratio is 27.85. 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 (DE) is currently considered Significantly Overvalued. The stock's GF Value™ is $375.20, compared to a current price of $635.24 — trading 69.3% above its estimated fair value. The current Forward PE Ratio is 27.85 and 104.3% above the Farm & Heavy Construction Machinery industry median of 13.63. Deere's overall GF Score™ is 87/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Deere (DE), the current Forward PE Ratio is 27.85 as of Jul. 07, 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 (DE) Overvalued in 2026?
Based on GuruFocus' analysis, Deere stock appears to be overvalued.
The current stock price of $635.24 is trading 69.3% above its estimated GF Value™ of $375.20.
GuruFocus considers Deere to be Significantly Overvalued.
Key valuation signals for DE:
Forward PE Ratio: 27.85
GF Value™: $375.20 vs. price of $635.24 (69.3% above fair value)
Industry Position: 104.3% above the Farm & Heavy Construction Machinery median (#110 of 116)
No single metric tells the full story. See the DE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
87GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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