Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 35.86 as of Sunday, July 26, 2026.
Forward PE Ratio (35.86) = Close Price ($888.73) / Consensus Forward EPS ($24.78)
FORWARD PE RATIO
35.86
SECTOR MEDIAN · INDUSTRIALS
25.88
median of 120 covered companies
CURRENT VS SECTOR MEDIAN
+38.59%
vs the sector median at left
Caterpillar Inc.
Market Cap
$409.38B
Forward PE Ratio
35.86
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Caterpillar Inc. (CAT) | $409.38B | 35.86 |
| GE Aerospace (GE)vs › | $367.02B | 45.11 |
| RTX Corporation (RTX)vs › | $286.79B | 29.71 |
| GE Vernova Inc. (GEV)vs › | $270.26B | 33.71 |
| Siemens AG (SIEGY)vs › | $236.75B | 28.13 |
| Union Pacific Corporation (UNP)vs › | $182.57B | 23.59 |
| ABB Ltd (ABBNY)vs › | $174.91B | 28.77 |
| Schneider Electric S.E. (SBGSY)vs › | $170.32B | 31.48 |
| Deere & Company (DE)vs › | $169.56B | 34.69 |
| The Boeing Company (BA)vs › | $165.17B | N/A |
Trailing P/E
44.2
reported TTM EPS
Forward P/E
35.9
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $24.78 implies +23.3% EPS growth vs the reported trailing $20.10.
At today's $888.73 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 |
|---|
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
| Consensus EPS |
|---|
| Estimate range |
|---|
| Analysts |
|---|
| Implied P/E |
|---|
| 2026-12-31 | $24.78 | $23.72 – $26.02 | 17 | 35.9x |
| 2027-12-31 | $30.46 | $27.28 – $34.34 | 18 | 29.2x |
| 2028-12-31 | $36.84 | $29.48 – $41.67 | 7 | 24.1x |
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.
