P/E ratio for Deere & Company (DE)
P/E ratio as of December 2023 (TTM): 10.6
According to Deere & Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.6272. At the end of 2022 the company had a P/E ratio of 18.3.
P/E ratio history for Deere & Company from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.3 | 1.92% |
| 2021 | 17.9 | -41.51% |
| 2020 | 30.6 | 81.64% |
| 2019 | 16.9 | -17.1% |
| 2018 | 20.4 | -12.23% |
| 2017 | 23.2 | 8.69% |
| 2016 | 21.3 | 62.51% |
| 2015 | 13.1 | 28.94% |
| 2014 | 10.2 | 2.22% |
| 2013 | 9.96 | -11.03% |
| 2012 | 11.2 | -2.89% |
| 2011 | 11.5 | -39.07% |
| 2010 | 18.9 | -27.95% |
| 2009 | 26.3 | 226.16% |
| 2008 | 8.05 | -64.9% |
| 2007 | 22.9 | 75.15% |
| 2006 | 13.1 | 14.4% |
| 2005 | 11.4 | -12.61% |
| 2004 | 13.1 | -46.04% |
| 2003 | 24.3 | -29.06% |
| 2002 | 34.2 | -121.16% |
| 2001 | -162 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Caterpillar CAT | 14.5 | 36.46% | 🇺🇸 USA |
 The Toro Company
TTC | 23.3 | 118.93% | 🇺🇸 USA |
 Lindsay Corporation
LNN | 18.5 | 74.20% | 🇺🇸 USA |
 Honda HMC | 8.28 | -22.12% | 🇯🇵 Japan |
 AGCO AGCO | 7.42 | -30.19% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.