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Caterpillar Inc. (CAT) EV/EBITDA Ratio: 28.72x

Is Caterpillar Inc.’s EV/EBITDA ratio high or low?

Caterpillar Inc.'s EV/EBITDA ratio of 28.72x is 93% above its 5-year average of 14.91x, near the high end of its 5-year range (10.26x–30.80x).

As of Friday, June 12, 2026. 33.70% above its 12-month average of 21.48x.

CAT EV/EBITDA Ratio Chart

CAT EV/EBITDA Ratio
28.72x+107.66% 1Y
Zoom

CAT Average EV/EBITDA Ratio Chart

CAT Current vs Average EV/EBITDA Ratio Chart

CAT EV/EBITDA Ratio Metrics

EV/EBITDA RATIO

28.72x

EV/EBITDA RATIO AVG TTM

21.48x

EV/EBITDA RATIO AVG 3Y

15.60x

EV/EBITDA RATIO AVG 5Y

14.91x

EV/EBITDA RATIO AVG 10Y

15.55x

EV/EBITDA RATIO AVG 15Y

13.76x

EV/EBITDA RATIO AVG 20Y

12.84x

CURRENT VS TTM AVG

+33.70%

CURRENT VS 3Y AVG

+84.10%

CURRENT VS 5Y AVG

+92.62%

CURRENT VS 10Y AVG

+84.69%

CURRENT VS 15Y AVG

+108.66%

CURRENT VS 20Y AVG

+123.65%

CAT Competitors' EV/EBITDA Ratio

NAMEMARKET CAPEV/EBITDA RATIOTTM3Y5Y
Caterpillar Inc. (CAT)$416.71B28.72x21.48x15.60x14.91x
GE Aerospace (GE)$347.68B30.54x28.47x20.89x38.37x
RTX Corporation (RTX)$247.44B18.37x18.76x17.48x17.47x
Siemens AG (SIEGY)$234.99B17.23x14.26x12.25x12.37x
The Boeing Company (BA)$172.64B29.92x29.98x89.41x103.96x
Union Pacific Corporation (UNP)$159.96B14.53x13.56x14.04x14.36x
Eaton Corporation plc (ETN)$154.46B29.28x25.82x24.69x22.42x
Deere & Company (DE)$153.73B19.32x16.80x12.91x13.62x
Honeywell International Inc. (HON)$139.41B23.39x17.94x17.06x17.42x
Lockheed Martin Corporation (LMT)$125.70B18.04x17.24x14.51x14.13x

EV/EBITDA vs. its own history

At 28.7, EV/EBITDA is richer than usual, sitting higher than 99% of its 20-year history.

20-year low

5.0

median

11.6

20-year high

30.8

cheaperricher

Caterpillar Inc. EV/EBITDA Ratio Formula & Definition

EV/EBITDA = Enterprise Value / EBITDA (TTM)

Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Caterpillar Inc. EV/EBITDA Ratio FAQ

What is the EV/EBITDA ratio for Caterpillar Inc. (CAT)?
The EV/EBITDA ratio for CAT stock is 28.72x.
Is Caterpillar Inc.'s EV/EBITDA ratio high or low?
Caterpillar Inc.'s EV/EBITDA ratio of 28.72x is 93% above its 5-year average of 14.91x, near the high end of its 5-year range (10.26x–30.80x).
What is the TTM average EV/EBITDA ratio for Caterpillar Inc. (CAT)?
The TTM average EV/EBITDA ratio for CAT stock is 21.48x.
What is the 3Y average EV/EBITDA ratio for Caterpillar Inc. (CAT)?
The 3Y average EV/EBITDA ratio for CAT stock is 15.60x.
What is the 5Y average EV/EBITDA ratio for Caterpillar Inc. (CAT)?
The 5Y average EV/EBITDA ratio for CAT stock is 14.91x.
What is the 10Y average EV/EBITDA ratio for Caterpillar Inc. (CAT)?
The 10Y average EV/EBITDA ratio for CAT stock is 15.55x.
What is the 15Y average EV/EBITDA ratio for Caterpillar Inc. (CAT)?
The 15Y average EV/EBITDA ratio for CAT stock is 13.76x.
What is the 20Y average EV/EBITDA ratio for Caterpillar Inc. (CAT)?
The 20Y average EV/EBITDA ratio for CAT stock is 12.84x.

Caterpillar Inc. EV/EBITDA Ratio History

DATEEV/EBITDA RATIO
2026-06-1128.72x
2026-06-1027.50x
2026-06-0929.22x
2026-06-0829.25x
2026-06-0528.91x
2026-06-0429.97x
2026-06-0329.55x
2026-06-0229.07x
2026-06-0127.77x
2026-05-2928.08x
2026-05-2828.43x
2026-05-2729.08x
2026-05-2629.04x
2026-05-2228.20x
2026-05-2127.79x
2026-05-2027.98x
2026-05-1927.62x
2026-05-1827.73x
2026-05-1528.45x
2026-05-1429.38x
2026-05-1328.86x
2026-05-1229.14x
2026-05-1129.57x
2026-05-0828.71x
2026-05-0728.66x
2026-05-0629.57x
2026-05-0530.80x
2026-05-0429.86x
2026-05-0130.33x
2026-04-3030.34x
2026-04-2927.81x
2026-04-2828.06x
2026-04-2728.41x
2026-04-2428.47x
2026-04-2328.61x
2026-04-2227.78x
2026-04-2127.51x
2026-04-2027.45x
2026-04-1727.33x
2026-04-1626.63x
2026-04-1526.56x
2026-04-1427.32x
2026-04-1327.24x
2026-04-1027.20x
2026-04-0927.09x
2026-04-0826.60x
2026-04-0725.11x
2026-04-0625.01x
2026-04-0224.88x
2026-04-0125.30x
2026-03-3124.61x
2026-03-3023.31x
2026-03-2724.20x
2026-03-2624.44x
2026-03-2524.94x
2026-03-2424.87x
2026-03-2324.39x
2026-03-2023.74x
2026-03-1923.98x
2026-03-1824.14x
2026-03-1724.40x
2026-03-1624.33x
2026-03-1324.15x
2026-03-1224.36x
2026-03-1124.58x
2026-03-1024.87x
2026-03-0924.49x
2026-03-0623.74x
2026-03-0524.53x
2026-03-0425.35x
2026-03-0325.04x
2026-03-0225.99x
2026-02-2725.69x
2026-02-2626.01x
2026-02-2526.44x
2026-02-2426.49x
2026-02-2326.12x
2026-02-2026.23x
2026-02-1926.25x
2026-02-1825.98x
2026-02-1726.38x
2026-02-1326.68x
2026-02-1226.67x
2026-02-1127.21x
2026-02-1026.16x
2026-02-0926.15x
2026-02-0625.64x
2026-02-0524.10x
2026-02-0424.53x
2026-02-0324.89x
2026-02-0224.51x
2026-01-3023.43x
2026-01-2923.68x
2026-01-2822.98x
2026-01-2722.84x
2026-01-2622.74x
2026-01-2322.44x
2026-01-2223.14x
2026-01-2123.04x
2026-01-2022.52x
2026-01-1623.09x
2026-01-1523.10x
2026-01-1422.83x
2026-01-1322.76x
2026-01-1222.54x
2026-01-0922.15x
2026-01-0821.85x
2026-01-0721.47x
2026-01-0622.33x
2026-01-0522.10x
2026-01-0221.54x
2025-12-3120.72x
2025-12-3020.86x
2025-12-2920.90x
2025-12-2621.04x
2025-12-2421.06x
2025-12-2321.02x
2025-12-2221.02x
2025-12-1920.82x
2025-12-1820.49x
2025-12-1720.36x
2025-12-1621.23x
2025-12-1521.26x
2025-12-1221.52x
2025-12-1122.41x
2025-12-1022.08x
2025-12-0921.41x
2025-12-0821.47x
2025-12-0521.69x
2025-12-0421.56x
2025-12-0321.31x
2025-12-0221.02x
2025-12-0120.56x
2025-11-2820.81x
2025-11-2620.74x
2025-11-2520.51x
2025-11-2420.29x
2025-11-2119.99x
2025-11-2019.86x
2025-11-1920.08x
2025-11-1819.88x
2025-11-1720.05x
2025-11-1420.11x
2025-11-1320.09x
2025-11-1220.72x
2025-11-1120.56x
2025-11-1020.65x
2025-11-0720.40x
2025-11-0620.62x
2025-11-0520.60x
2025-11-0419.90x
2025-11-0320.64x
2025-10-3121.39x
2025-10-3021.58x
2025-10-2921.66x
2025-10-2819.66x
2025-10-2719.74x
2025-10-2419.60x
2025-10-2319.53x
2025-10-2219.31x
2025-10-2119.66x
2025-10-2019.88x
2025-10-1719.74x
2025-10-1620.20x
2025-10-1519.97x
2025-10-1419.76x
2025-10-1319.01x
2025-10-1018.57x
2025-10-0918.87x
2025-10-0818.92x
2025-10-0718.42x
2025-10-0618.70x
2025-10-0318.78x
2025-10-0218.55x
2025-10-0118.23x
2025-09-3018.11x
2025-09-2917.92x
2025-09-2617.73x
2025-09-2517.66x
2025-09-2417.86x
2025-09-2317.91x
2025-09-2217.94x
2025-09-1917.76x
2025-09-1817.77x
2025-09-1717.24x
2025-09-1616.91x
2025-09-1516.75x
2025-09-1216.61x
2025-09-1116.60x
2025-09-1016.33x
2025-09-0916.17x
2025-09-0816.32x
2025-09-0516.33x
2025-09-0416.24x
2025-09-0316.07x
2025-09-0216.10x
2025-08-2916.20x
2025-08-2816.72x
2025-08-2716.65x
2025-08-2616.60x
2025-08-2516.63x
2025-08-2216.74x
2025-08-2116.16x
2025-08-2016.25x
2025-08-1916.10x
2025-08-1815.99x
2025-08-1515.83x
2025-08-1416.15x
2025-08-1316.02x
2025-08-1215.99x
2025-08-1115.86x
2025-08-0816.12x
2025-08-0716.14x
2025-08-0616.48x
2025-08-0516.08x
2025-08-0416.06x
2025-08-0115.90x
2025-07-3116.20x
2025-07-3016.07x
2025-07-2915.94x
2025-07-2816.04x
2025-07-2516.06x
2025-07-2415.93x
2025-07-2315.87x
2025-07-2215.54x
2025-07-2115.31x
2025-07-1815.43x
2025-07-1715.57x
2025-07-1615.40x
2025-07-1515.14x
2025-07-1415.18x
2025-07-1115.18x
2025-07-1015.26x
2025-07-0915.06x
2025-07-0814.81x
2025-07-0714.72x
2025-07-0314.92x
2025-07-0214.94x
2025-07-0114.71x
2025-06-3014.62x
2025-06-2714.51x
2025-06-2614.42x
2025-06-2514.09x
2025-06-2414.14x
2025-06-2313.92x
2025-06-2013.74x
2025-06-1813.72x
2025-06-1713.65x
2025-06-1613.80x
2025-06-1313.63x
2025-06-1213.76x
2025-06-1113.83x
2025-06-1013.68x
2025-06-0913.66x
2025-06-0613.52x
2025-06-0513.38x
2025-06-0413.39x
2025-06-0313.39x
2025-06-0213.24x
2025-05-3013.35x

Showing the most recent 260 of 5,032 data points. The chart above shows the full history.

About Caterpillar Inc.

Caterpillar Inc., a global enterprise founded in 1925 and headquartered in Deerfield, Illinois (having previously operated as Caterpillar Tractor Co. until its rebranding in 1986), is a premier manufacturer and vendor of heavy construction and mining equipment, diesel and natural gas power units, and industrial gas turbines across the world. The company's extensive offerings are organized into several operational divisions: Construction Industries: This segment delivers a broad spectrum of machinery for construction projects, including asphalt pavers, versatile backhoe and skid steer loaders, various sizes of excavators (from compact to heavy-duty), compactors, road-building equipment like cold planers and motorgraders, pipelayers, site preparation tractors, telehandlers, and utility vehicles, alongside a range of wheel loaders and track-type equipment. Resource Industries: Dedicated to the mining sector, this division supplies powerful equipment such as electric rope and hydraulic shovels, draglines, rotary drills, specialized hard rock vehicles, and a diverse fleet of mining, off-highway, and articulated trucks. It also offers longwall miners, wheel dozers, fleet management systems, autonomous vehicle solutions, crucial machinery components, selected work tools, and comprehensive safety and performance solutions for mining operations. Energy & Transportation: This segment focuses on power generation and propulsion systems. It provides reciprocating engines, generator sets, integrated power solutions, industrial turbines and associated services, remanufactured engines and parts, centrifugal gas compressors, and diesel-electric locomotives with related components and services. These products serve critical sectors including marine, oil and gas, industrial applications, and electric power generation. Financial Products: This segment supports customers with a variety of financial services, such as operating and finance leases, installment sale agreements, working capital loans, and wholesale financing schemes. It also offers insurance and risk management products tailored for vehicles, power generation facilities, and marine vessels. All Other: This encompassing segment is responsible for manufacturing essential consumables and components like filters, fluids, undercarriage parts, and ground engaging tools.

Irving, TX
112,900 employees
Industrials / Agricultural - Machinery
Sector
Industrials
Industry
Agricultural - Machinery
CEO
Joseph E. Creed