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As of today (2026-09-07), Caterpillar's share price is CHF655.50. Caterpillar's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was CHF22.81. Hence, Caterpillar's Price to Tangible Book Ratio of today is 28.74.
The historical rank and industry rank for Caterpillar's Price-to-Tangible-Book or its related term are showing as below:
XSWX:CAT'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 8.03 Med: 12.01 Max: 37.32
Current: 28.52
During the past 13 years, Caterpillar's highest Price to Tangible Book Ratio was 37.32. The lowest was 8.03. And the median was 12.01.
XSWX:CAT's Price-to-Tangible-Book is ranked worse than 97.52% of 202
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.915
vs XSWX:CAT: 28.52
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Caterpillar Price-to-Tangible-Book Related Terms
Caterpillar Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Caterpillar's Price-to-Tangible-Book 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.
XSWX:CAT vs DE, PCAR, CNH: Price-to-Tangible-Book Comparison
For the Farm & Heavy Construction Machinery subindustry, Caterpillar's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Caterpillar's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Caterpillar's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Caterpillar (XSWX:CAT) has a Price-to-Tangible-Book of 28.74 as of Sep. 07, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Caterpillar and its competitors. According to the industry distribution chart, Caterpillar ranks #197 out of 202 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 97.5%.
Is Caterpillar's Price-to-Tangible-Book too high?
Caterpillar's current Price-to-Tangible-Book is 28.74. The Farm & Heavy Construction Machinery industry median Price-to-Tangible-Book is 1.92. Caterpillar's value of 28.74 is 1400.8% above this industry median. Based on the distribution chart, Caterpillar ranks #197 out of 202 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Caterpillar has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Caterpillar's Price-to-Tangible-Book compare to DE and PCAR?
According to the Farm & Heavy Construction Machinery industry distribution chart, Caterpillar ranks #197 out of 202 companies for Price-to-Tangible-Book. This places Caterpillar in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.92. Caterpillar's value of 28.74 is 1400.8% 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 Price-to-Tangible-Book for a Farm & Heavy Construction Machinery company?
The median Price-to-Tangible-Book among Farm & Heavy Construction Machinery companies is 1.92, based on 202 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Caterpillar's current Price-to-Tangible-Book of 28.74 is 1400.8% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Caterpillar and its competitors. For the Farm & Heavy Construction Machinery industry, the median Price-to-Tangible-Book is 1.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caterpillar's current Price-to-Tangible-Book is 28.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caterpillar stock overvalued right now?
Caterpillar (XSWX:CAT) has a current Price-to-Tangible-Book of 28.74. The stock's GF Value™ is CHF368.73, compared to a current price of CHF655.50 — trading 77.8% above its estimated fair value. The current Price-to-Tangible-Book is 28.74 and 1400.8% above the Farm & Heavy Construction Machinery industry median of 1.92. Caterpillar's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Caterpillar (XSWX:CAT), the current Price-to-Tangible-Book is 28.74 as of Sep. 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 Caterpillar (XSWX:CAT) Overvalued in 2026?
Based on GuruFocus' analysis, Caterpillar stock appears to be overvalued.
The current stock price of CHF655.50 is trading 77.8% above its estimated GF Value™ of CHF368.73.
Key valuation signals for XSWX:CAT:
Price-to-Tangible-Book: 28.74
GF Value™: CHF368.73 vs. price of CHF655.50 (77.8% above fair value)
Industry Position: 1400.8% above the Farm & Heavy Construction Machinery median (#197 of 202)
No single metric tells the full story. See the XSWX:CAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Caterpillar is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its reporting segments are construction, resource, energy, and transportation. Market share approaches 20% across many products. Caterpillar operates a captive finance subsidiary to facilitate sales. The firm has a global reach that is approximately evenly balanced between the US and the rest of the world. Construction skews more domestic, while the other divisions are more geographically diversified. An independent network of over 150 dealers operates approximately 2,800 facilities, giving Caterpillar reach into about 190 countries for sales and support services.
83GF Score
Get the complete analysis for XSWX:CAT
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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