Stocktoria

DEERE & CO DE

NYSE · stock · Farm Machinery & Equipment · website · IPO 1933-06-29 · LEI

DEERE & CO statistics & valuation

Market cap$165.5B
P / E32.9×
P / S3.6×
P / B6.4×
P / FCF27.1×
Dividend yield1.04%
Net margin11.0%
Return on equity19.4%
FCF margin13.4%
Graham number -67.8%$199.41

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($199.41); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.70% 7.30% 6.30% 8.30% 7.70% 13.50% 13.60% 16.60% 13.70% 11.00% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
9.70% 12.00% 12.00% 11.20% 12.10% 18.20% 18.10% 21.20% 17.50% 2016201720182019202020212022202320242025
Return on equity (%)
23.30% 22.60% 21.00% 28.50% 21.30% 32.30% 35.20% 46.70% 31.10% 19.40% 2016201720182019202020212022202320242025
Shares outstanding
316.6M 323.3M 327.3M 320.6M 316.6M 314.0M 306.3M 293.6M 277.1M 271.7M 2016201720182019202020212022202320242025
Net debt ($)
$16.56B $23.33B $26.37B $25.67B $24.87B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.60% 3.30% 3.40% 4.50% 3.70% 7.10% 7.90% 9.80% 6.60% 4.70% 2016201720182019202020212022202320242025
Free cash flow margin (%)
11.70% 5.40% 2.50% 5.80% 18.70% 15.60% 6.80% 11.60% 14.70% 13.40% 2016201720182019202020212022202320242025
Debt / equity (×)
2.71× 2.41× 2.65× 2.53× 1.78× 2016201720182019202020212022202320242025
EPS ($)
$4.81 $6.68 $7.24 $10.15 $8.69 $18.99 $23.28 $34.63 $25.62 $18.50 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

DEERE & CO trades at about 33.5× earnings — above its 10-year norm (10-year range 10.5×–30.1×, median 20.8×).

10.5× 33.5×

Shaded band = 10-year range (10.5×–30.1×); dot = today's 33.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin—17.5%21.2%18.1%18.2%12.1%11.2%12.0%12.0%9.7%
Net margin11.0%13.7%16.6%13.6%13.5%7.7%8.3%6.3%7.3%5.7%
FCF margin13.4%14.7%11.6%6.8%15.6%18.7%5.8%2.5%5.4%11.7%
Return on assets4.7%6.6%9.8%7.9%7.1%3.7%4.5%3.4%3.3%2.6%
Return on equity19.4%31.1%46.7%35.2%32.3%21.3%28.5%21.0%22.6%23.3%
Debt / equity————1.78×2.53×2.65×2.41×2.71×—

Computed from company filings · US · as of 2025-11-02. Facts plus Stocktoria's own computed scores — not investment advice.