Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 30.38.
Forward PE Ratio (30.38) = Close Price ($827.90) / Consensus Forward EPS ($27.25)
FORWARD PE RATIO
30.38
SECTOR MEDIAN · INDUSTRIALS
24.18
median of 120 covered companies
CURRENT VS SECTOR MEDIAN
+25.62%
vs the sector median at left
Caterpillar Inc.
Market Cap
$381.36B
Forward PE Ratio
30.38
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Caterpillar Inc. (CAT) | $381.36B | 30.38 |
| GE Aerospace (GE)vs › | $361.46B | 44.00 |
| RTX Corporation (RTX)vs › | $282.91B | 28.97 |
| Siemens AG (SIEGY)vs › | $251.74B | 29.14 |
| Schneider Electric S.E. (SBGSY)vs › | $195.13B | 34.89 |
| Union Pacific Corporation (UNP)vs › | $183.00B | 23.57 |
| ABB Ltd (ABBNY)vs › | $181.84B | 29.75 |
| Deere & Company (DE)vs › | $174.78B | 35.74 |
| The Boeing Company (BA)vs › | $169.30B | N/A |
| Eaton Corporation plc (ETN)vs › | $162.78B | 30.98 |
Trailing P/E
35.6
reported TTM EPS
Forward P/E
30.4
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $27.25 implies +17.2% EPS growth vs the reported trailing $23.25.
At today's $827.90 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $27.25 | $24.88 – $28.51 | 18 | 30.4x |
| 2027-12-31 | $32.37 | $29.82 – $35.85 | 19 | 25.6x |
| 2028-12-31 | $38.72 | $29.55 – $42.43 | 9 | 21.4x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute