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Deere & Company DE
$ 693.53 0.12%
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Quarterly report 2026-Q3
added 08-27-2026

Deere & Company Financial Ratios 2025-2006 | DE

Brief overview of Deere & Company's financial ratios

The review covers five available annual periods spanning 2021 to 2025.

The latest available valuation ratios are P/E 27.37x (median 18.37x), EV/EBITDA 93.89x (median 17.18x), P/S 3.01x (median 2.49x). On average, this basket is 27.4% above its own five-year medians. The market is pricing in elevated future expectations.

At the current P/E, inverse earnings yield is 3.7%, a useful bridge between price and business earnings.

Current measures of operating quality are ROE 19.4%, ROA 4.7%, ROCE 39.6%. Capital returns look adequate and support overall financial resilience.

On PEG (14.27x), valuation is stretched relative to growth and requires strong execution.

The cash return period is stable at 34.7 days initially and 42.5 days at the end.

Overall assessment

Deere & Company's business looks strong while multiples exceed historical reference points. Investors are pricing in continued momentum.

Annual Financial Ratios Deere & Company

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006

P/E

27.4 17.1 11.0 18.4 18.8 39.2 16.1 20.4 22.4 - 13.7 9.9 9.2 10.9 11.8 13.0 22.7 17.0 14.8 -

P/S

3.0 2.3 1.8 2.5 2.5 3.0 1.3 1.3 1.6 - 0.9 0.9 0.9 0.9 1.0 0.9 0.9 1.2 1.1 -

EPS

18.6 25.7 34.8 23.4 19.1 8.8 10.3 7.3 6.8 4.8 5.8 8.7 9.2 7.7 6.7 4.4 2.1 4.8 4.0 -

EV (Enterprise Value)

209 B 199 B 187 B 196 B 170 B 163 B 110 B 103 B 95.2 B 47.1 B 73.6 B 79.9 B 78.2 B 78.1 B 70.8 B 57.4 B 51.5 B 64.8 B 24.6 B -1.69 B

EBITDA per Share

8.23 40.4 51.2 37.5 32.3 20.5 23.4 21.5 18.2 - 9.99 14.5 15.2 12.7 10.8 10.2 5.87 9.86 1.66 -

EV/EBITDA

93.9 17.8 12.5 17.2 16.8 24.0 11.5 11.4 12.4 - 16.8 11.7 10.2 11.8 12.1 13.3 20.8 15.2 33.1 -

PEG

14.27 1.12 0.52 1.04 - -2.14 0.4 2.45 0.58 - -0.41 -1.94 0.49 0.72 0.23 - - - - -

P/B

5.3 5.3 5.1 6.4 6.1 8.3 4.6 4.3 5.1 - 3.9 3.5 3.2 4.9 4.9 3.8 4.1 5.3 - -

P/CF

18.4 13.2 13.1 27.9 14.5 14.4 -1416.7 -42.9 -123.0 - 29.0 36.3 36.9 -35.0 51.2 10.6 10.0 17.9 9.7 -

ROE %

19.37 31.09 46.67 35.19 32.35 21.25 28.50 20.98 22.59 - 28.71 34.88 34.45 44.66 41.08 29.65 18.13 31.42 25.46 -

ROA %

4.74 6.62 9.77 7.92 7.09 3.66 4.46 3.38 3.28 - 3.35 5.15 5.94 5.45 5.81 4.31 2.12 5.30 - -

ROCE %

- 39.58 59.48 46.93 43.46 33.26 13.20 13.24 11.77 12.85 7.32 11.89 14.57 12.65 13.69 54.18 33.35 52.35 - -

Current Ratio

1.3 1.3 1.3 1.3 1.3 1.2 2.0 1.9 2.0 2.2 2.0 2.1 2.0 2.2 2.0 1.2 1.1 1.2 - -

DSO

42.5 46.1 42.2 36.9 34.7 48.3 103.6 105.4 114.4 - 417.1 359.8 325.4 300.2 299.4 - - - - -

DIO

- - - - - - 76.7 82.8 67.4 - 66.4 60.0 67.8 72.8 70.0 - - - - -

DPO

- - - - - - 29.5 37.5 41.4 - 25.0 23.7 29.9 32.2 34.6 - - - - -

Operating Cycle

42.5 46.1 42.2 36.9 34.7 48.3 180.2 188.1 181.8 - 483.5 419.8 393.3 373.0 369.4 - - - - -

Cash Conversion Cycle

42.5 46.1 42.2 36.9 34.7 48.3 150.7 150.7 140.4 - 458.6 396.1 363.4 340.8 334.8 - - - - -

All numbers in USD currency

Quarterly Financial Ratios Deere & Company

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q4 2010-Q3 2010-Q2 2010-Q1 2009-Q4 2009-Q3

EPS

4.76 6.57 2.43 2.43 4.76 4.76 6.65 3.2 6.32 6.32 8.56 6.25 10.24 10.24 9.69 6.58 15.97 6.2 6.85 3.9 14.98 5.36 5.72 1.65 2.41 2.59 2.13 1.56 2.3 2.84 3.57 -1.66 2.45 2.81 3.73 0.63 1.59 2 2.53 0.8 0.91 1.55 1.57 1.13 1.09 1.54 2.05 1.83 1.84 2.35 2.67 1.67 2.13 2.58 2.79 1.32 1.76 2 2.64 1.22 1.63 1.71 2.15 0.48 1.45 1.29 0.57 - 0.99

EBITDA per Share

0.11 2.2 2.18 - 6.16 - - - 5.82 - - 10.8 17.3 12.2 13.4 5.81 26.1 8.84 8.83 6.94 25.2 7.3 7.88 3.77 14.7 7.85 3.16 3.99 15.8 7 4.92 3.41 15 6.91 4.7 2.65 12.5 5.75 4.02 2.47 6.28 5.02 3.88 2.89 10.7 4.6 3.25 3.81 13.6 5.57 4.35 3.38 14 5.78 4.79 2.76 11.5 4.55 4.25 2.46 9.74 3.86 3.4 - 1.63 1.09 0.57 - 1.54

ROE %

17.02 16.58 15.23 20.16 21.53 23.93 26.33 29.35 33.42 38.82 44.22 46.54 47.80 44.77 42.95 38.87 29.69 55.08 55.78 54.39 50.04 30.50 26.17 21.60 21.66 22.13 23.74 28.54 18.36 18.99 19.18 19.94 28.63 27.02 25.67 23.42 24.36 23.40 24.18 23.33 24.17 25.01 25.10 27.72 29.67 31.63 33.42 34.02 36.06 36.76 37.07 36.81 36.00 38.20 40.01 44.89 44.82 44.62 43.57 41.43 36.46 36.70 35.92 27.51 30.32 9.69 4.88 - 5.66

ROA %

4.10 4.12 3.66 4.72 4.93 5.34 5.76 6.30 7.19 8.46 9.73 10.40 10.81 10.10 9.71 8.42 6.29 11.85 11.75 11.38 10.48 5.92 4.94 3.69 3.69 3.67 3.82 4.49 2.97 3.10 3.17 3.34 4.49 4.15 3.83 3.33 3.43 3.15 3.02 2.65 2.86 2.97 3.01 3.34 3.86 4.31 4.82 5.23 5.22 5.52 5.81 6.03 5.95 5.81 5.54 5.60 5.70 5.87 5.94 5.94 5.27 5.35 5.21 3.93 4.42 1.33 0.60 - 1.01

ROCE %

- 41.92 41.92 41.92 41.92 41.92 41.92 41.92 41.92 41.92 41.92 59.32 53.71 52.35 51.22 45.45 39.66 73.95 74.30 73.41 67.19 56.10 52.58 46.81 48.19 55.64 55.36 61.36 61.44 61.03 61.93 61.71 61.02 59.06 58.17 58.31 58.32 42.56 44.59 44.23 45.88 71.61 71.55 74.76 77.37 83.78 86.60 87.93 91.29 91.17 92.23 92.82 91.91 103.89 106.51 113.18 112.71 106.37 104.51 100.75 50.17 17.10 21.04 - - - - - -

Current Ratio

1.3 1.4 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 - 1.3 1.3 1.2 1.3 1.2 1.3 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.1 1.2 1.2 1.2 1.1 1.1 1.1 1.1 1.2 1.1 1.1 1.1 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.1 1.1 1.1 1.2 1.2 1.2 1.2 1.1 1.2 1.2 1.1 1.2 1.2

DSO

51.9 46.3 56.9 57.4 46.3 48.8 41.8 66.5 51.8 56.7 49.9 64.0 53.7 55.6 46.1 27.4 8.2 41.9 38.5 46.3 13.2 37.5 36.2 57.0 39.1 42.7 47.7 61.3 48.2 47.5 21.0 33.0 54.3 27.5 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Cycle

- - - 57.4 - 48.8 41.8 66.5 - 56.7 49.9 64.0 - 55.6 46.1 27.4 8.2 41.9 38.5 46.3 13.2 37.5 36.2 57.0 39.1 42.7 47.7 61.3 48.2 47.5 21.0 33.0 54.3 27.5 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cash Conversion Cycle

- - - 57.4 - 48.8 41.8 66.5 - 56.7 49.9 64.0 - 55.6 46.1 27.4 8.2 41.9 38.5 46.3 13.2 37.5 36.2 57.0 39.1 42.7 47.7 61.3 48.2 47.5 21.0 33.0 54.3 27.5 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Deere & Company, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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