Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 30.18.
Forward PE Ratio (30.18) = Close Price ($815.56) / Consensus Forward EPS ($27.25)
FORWARD PE RATIO
30.18
SECTOR MEDIAN · INDUSTRIALS
24.12
median of 138 covered companies
CURRENT VS SECTOR MEDIAN
+25.15%
vs the sector median at left
Caterpillar Inc.
Market Cap
$375.68B
Forward PE Ratio
30.18
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Caterpillar Inc. (CAT) | $375.68B | 30.18 |
| GE Aerospace (GE)vs › | $337.64B | 42.30 |
| RTX Corporation (RTX)vs › | $266.25B | 27.44 |
| GE Vernova Inc. (GEV)vs › | $253.29B | 31.65 |
| Siemens AG (SIEGY)vs › | $236.47B | 27.84 |
| Schneider Electric S.E. (SBGSY)vs › | $190.06B | 34.61 |
| Deere & Company (DE)vs › | $182.80B | 37.55 |
| ABB Ltd (ABBNY)vs › | $175.91B | 29.56 |
| Union Pacific Corporation (UNP)vs › | $169.16B | 22.07 |
| The Boeing Company (BA)vs › | $163.15B | N/A |
Trailing P/E
35.4
reported TTM EPS
Forward P/E
30.2
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 $815.56 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 | $25.49 – $28.30 | 19 | 29.9x |
| 2027-12-31 | $32.42 | $29.71 – $35.71 | 19 | 25.2x |
| 2028-12-31 | $38.72 | $31.43 – $42.18 | 9 | 21.1x |
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.
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
