(DE) Deere - Overview
Stock: Tractor, Harvester, Sprayer, Loader, Mower
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.37% |
| Yield on Cost 5y | 2.18% |
| Yield CAGR 5y | 13.53% |
| Payout Consistency | 94.3% |
| Payout Ratio | 35.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 30.7% |
| Relative Tail Risk | -7.92% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.69 |
| Alpha | 10.12 |
| Character TTM | |
|---|---|
| Beta | 0.739 |
| Beta Downside | 0.821 |
| Drawdowns 3y | |
|---|---|
| Max DD | 21.59% |
| CAGR/Max DD | 0.62 |
Description: DE Deere January 27, 2026
Deere & Company (NYSE: DE) manufactures and distributes a broad portfolio of equipment across four operating segments: Production & Precision Agriculture, Small Agriculture & Turf, Construction & Forestry, and Financial Services.
The Production & Precision Agriculture segment supplies high-horsepower tractors, harvesters, cotton and sugarcane equipment, and precision-application tools; it accounted for roughly 55 % of FY 2023 consolidated revenue, driven by a 12 % YoY increase in global precision-ag adoption (source: Deere 2023 Form 10-K).
The Small Agriculture & Turf segment offers compact tractors, utility vehicles, and turf-care machinery, contributing about 15 % of FY 2023 revenue. Recent data show a 7 % rise in residential-turf sales in North America, reflecting strong post-pandemic home-improvement spending.
Construction & Forestry equipment generated roughly 25 % of FY 2023 sales, with backhoe loaders and excavators benefiting from a 4 % YoY uplift in U.S. construction spending and a 3 % increase in global forestry output (U.S. Census Bureau, 2024).
Financial Services provides equipment financing, dealer wholesale loans, and extended warranties, delivering an operating margin of ~5 % and supporting dealer inventory turnover in a low-interest-rate environment.
Key macro drivers include rising global farm income (FAO, 2024) that fuels demand for precision-ag technology, and a modest rebound in construction activity tied to infrastructure spending bills in the United States.
For a deeper quantitative dive, explore ValueRay’s proprietary metrics on Deere’s valuation.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 5.03b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -1.08 > 1.0 |
| NWC/Revenue: 95.04% < 20% (prev 81.67%; Δ 13.37% < -1%) |
| CFO/TA 0.07 > 3% & CFO 7.46b > Net Income 5.03b |
| Net Debt (55.66b) to EBITDA (11.65b): 4.78 < 3 |
| Current Ratio: 2.31 > 1.5 & < 3 |
| Outstanding Shares: last quarter (271.1m) vs 12m ago -0.91% < -2% |
| Gross Margin: 36.48% > 18% (prev 0.39%; Δ 3609 % > 0.5%) |
| Asset Turnover: 41.88% > 50% (prev 47.07%; Δ -5.20% > 0%) |
| Interest Coverage Ratio: 2.97 > 6 (EBITDA TTM 11.65b / Interest Expense TTM 3.17b) |
Altman Z'' 5.87
| A: 0.40 (Total Current Assets 74.90b - Total Current Liabilities 32.45b) / Total Assets 106.00b |
| B: 0.56 (Retained Earnings 59.68b / Total Assets 106.00b) |
| C: 0.09 (EBIT TTM 9.43b / Avg Total Assets 106.66b) |
| D: 0.78 (Book Value of Equity 62.31b / Total Liabilities 79.99b) |
| Altman-Z'' Score: 5.87 = AAA |
Beneish M -2.95
| DSRI: 1.11 (Receivables 57.12b/58.36b, Revenue 44.66b/50.52b) |
| GMI: 1.06 (GM 36.48% / 38.59%) |
| AQI: 1.06 (AQ_t 0.14 / AQ_t-1 0.13) |
| SGI: 0.88 (Revenue 44.66b / 50.52b) |
| TATA: -0.02 (NI 5.03b - CFO 7.46b) / TA 106.00b) |
| Beneish M-Score: -2.95 (Cap -4..+1) = A |
What is the price of DE shares?
Over the past week, the price has changed by +8.05%, over one month by +21.70%, over three months by +21.55% and over the past year by +21.76%.
Is DE a buy, sell or hold?
- StrongBuy: 5
- Buy: 5
- Hold: 14
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the DE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 528.3 | -6.9% |
| Analysts Target Price | 528.3 | -6.9% |
| ValueRay Target Price | 626 | 10.3% |
DE Fundamental Data Overview January 31, 2026
P/E Forward = 31.6456
P/S = 3.112
P/B = 5.5371
P/EG = 1.6812
Revenue TTM = 44.66b USD
EBIT TTM = 9.43b USD
EBITDA TTM = 11.65b USD
Long Term Debt = 43.54b USD (from longTermDebt, last quarter)
Short Term Debt = 20.71b USD (from shortTermDebt, last quarter)
Debt = 63.94b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 55.66b USD (from netDebt column, last quarter)
Enterprise Value = 197.65b USD (141.99b + Debt 63.94b - CCE 8.28b)
Interest Coverage Ratio = 2.97 (Ebit TTM 9.43b / Interest Expense TTM 3.17b)
EV/FCF = 61.17x (Enterprise Value 197.65b / FCF TTM 3.23b)
FCF Yield = 1.63% (FCF TTM 3.23b / Enterprise Value 197.65b)
FCF Margin = 7.23% (FCF TTM 3.23b / Revenue TTM 44.66b)
Net Margin = 11.26% (Net Income TTM 5.03b / Revenue TTM 44.66b)
Gross Margin = 36.48% ((Revenue TTM 44.66b - Cost of Revenue TTM 28.37b) / Revenue TTM)
Gross Margin QoQ = 32.57% (prev 35.75%)
Tobins Q-Ratio = 1.86 (Enterprise Value 197.65b / Total Assets 106.00b)
Interest Expense / Debt = 1.19% (Interest Expense 762.0m / Debt 63.94b)
Taxrate = 25.61% (365.0m / 1.43b)
NOPAT = 7.01b (EBIT 9.43b * (1 - 25.61%))
Current Ratio = 2.31 (Total Current Assets 74.90b / Total Current Liabilities 32.45b)
Debt / Equity = 2.46 (Debt 63.94b / totalStockholderEquity, last quarter 25.95b)
Debt / EBITDA = 4.78 (Net Debt 55.66b / EBITDA 11.65b)
Debt / FCF = 17.23 (Net Debt 55.66b / FCF TTM 3.23b)
Total Stockholder Equity = 24.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.71% (Net Income 5.03b / Total Assets 106.00b)
RoE = 20.54% (Net Income TTM 5.03b / Total Stockholder Equity 24.47b)
RoCE = 13.86% (EBIT 9.43b / Capital Employed (Equity 24.47b + L.T.Debt 43.54b))
RoIC = 7.81% (NOPAT 7.01b / Invested Capital 89.76b)
WACC = 6.23% (E(141.99b)/V(205.93b) * Re(8.64%) + D(63.94b)/V(205.93b) * Rd(1.19%) * (1-Tc(0.26)))
Discount Rate = 8.64% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.79%
[DCF Debug] Terminal Value 87.25% ; FCFF base≈3.71b ; Y1≈4.58b ; Y5≈7.79b
Fair Price DCF = 546.7 (EV 203.87b - Net Debt 55.66b = Equity 148.21b / Shares 271.1m; r=6.23% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: -18.32 | EPS CAGR: 8.24% | SUE: 0.31 | # QB: 0
Revenue Correlation: -23.88 | Revenue CAGR: 7.16% | SUE: 2.16 | # QB: 1
EPS next Quarter (2026-04-30): EPS=5.59 | Chg30d=-0.005 | Revisions Net=+0 | Analysts=19
EPS current Year (2026-10-31): EPS=16.66 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=-9.9% | Growth Revenue=+2.3%
EPS next Year (2027-10-31): EPS=22.09 | Chg30d=-0.623 | Revisions Net=-3 | Growth EPS=+32.6% | Growth Revenue=+9.5%