Deere & Company
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

202520252026202620272028
Price/Earnings ratio
19.2614.2116.9314.8914.1811.11
Price/Sales ratio
3.332.653.190.572.662.36
Earnings per Share (EPS)
$25.41$34.45$28.92$32.88$34.52$44.07

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
13.4118.2619.5717.7817.4226.4018.7416.9010.5716.0216.7126.40
Price/Sales ratio
0.921.071.471.151.472.092.592.291.752.542.281.47
Price/Book Value ratio
3.854.264.423.734.965.616.065.944.934.985.194.96
Price/Cash Flow ratio
6.957.3919.2123.1316.619.7014.4625.6412.5112.3212.859.70
Price/Free Cash Flow ratio
28.4634.39-107.69-37.27-1.53K15.0421.72132.3026.0714.9926.37-1.53K
Price/Earnings Growth ratio
-0.40-1.080.482.070.43-1.800.150.750.21-0.61-0.59-1.80
Dividend Yield
3.13%2.73%1.80%1.91%1.66%1.31%0.93%1.08%1.32%1.41%1.02%1.31%
Profitability Indicator Ratios
Gross Profit Margin
28.45%29.53%30.34%29.85%30.19%31.80%32.34%32.78%34.49%31.24%39.26%30.19%
Operating Profit Margin
9.69%8.46%8.27%11.08%14.47%14.77%19.97%19.37%25.05%15.31%18.25%14.47%
Pretax Profit Margin
9.87%8.58%11.02%11.16%10.65%11.18%17.66%17.35%21.26%20.56%18.01%10.65%
Net Profit Margin
6.89%5.88%7.54%6.49%8.47%7.92%13.85%13.56%16.60%15.86%13.89%8.47%
Effective Tax Rate
30.21%31.47%30.79%42.42%20.84%27.86%21.81%21.98%22.05%22.74%22.74%20.84%
Return on Assets
3.34%2.62%3.28%3.37%4.45%3.66%7.08%7.92%9.76%6.61%6.61%4.45%
Return On Equity
28.76%23.37%22.59%20.98%28.50%21.26%32.35%35.19%46.66%31.09%31.32%28.50%
Return on Capital Employed
7.26%5.65%5.49%9.01%11.54%9.93%15.28%17.90%24.33%7.30%13.52%11.54%
Liquidity Ratios
Current Ratio
2.022.081.961.882.002.19N/AN/AN/AN/A2.022.00
Quick Ratio
1.871.951.941.671.792.021.901.721.065.201.831.79
Cash ratio
0.200.220.410.150.150.300.280.140.180.540.190.15
Days of Sales Outstanding
424.26463.32439.06361.44369.51406.34195.77340.02210.80475.92416.88369.51
Days of Inventory outstanding
69.1666.8171.4887.7681.4077.0685.0087.7474.2685.3884.6781.40
Operating Cycle
493.42530.13510.55449.21450.91483.40280.78427.77285.06561.30501.56450.91
Days of Payables Outstanding
26.0031.9637.8835.1927.1929.6939.7740.2232.9431.9931.7327.19
Cash Conversion Cycle
467.42498.17472.67414.01423.72453.71241.00387.55252.12529.30469.82423.72
Debt Ratios
Debt Ratio
0.630.610.600.600.620.610.410.570.600.120.600.61
Debt Equity Ratio
5.465.474.183.743.973.541.872.562.900.592.853.54
Long-term Debt to Capitalization
0.770.780.730.700.720.710.640.620.63N/A0.650.71
Total Debt to Capitalization
0.840.840.800.780.790.770.650.710.740.370.740.77
Interest Coverage Ratio
N/AN/A4.634.233.75N/AN/AN/AN/AN/A2.78N/A
Cash Flow to Debt Ratio
0.100.100.050.040.070.160.220.090.130.680.140.07
Company Equity Multiplier
8.598.896.886.216.395.804.564.444.774.694.695.80
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.130.140.070.040.080.210.170.080.140.200.180.08
Free Cash Flow / Operating Cash Flow Ratio
0.240.21-0.17-0.62-0.010.640.660.190.470.820.47-0.01
Cash Flow Coverage Ratio
0.100.100.050.040.070.160.220.090.130.680.140.07
Short Term Coverage Ratio
0.280.310.150.120.220.564.730.250.340.680.420.22
Dividend Payout Ratio
42.07%49.95%35.38%34.02%28.98%34.75%17.44%18.41%14.03%22.60%22.60%34.75%