Caterpillar Inc. CAT

821.58 16.33 2.03% as of 25 Sep
Market cap
$373.2B
P/E
35.2×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Caterpillar Inc. (CAT) EV/EBITDA

As of 25 September 2026, Caterpillar Inc. (CAT) trades at a EV/EBITDA of 24.7×. Over the past ten years it has ranged from 7.0× (March 2020) to 34.4× (June 2026); the current reading is higher than 96% of that period. That is above the Farm & Heavy Construction Machinery industry median of 12.1× and above the Industrials sector median of 12.9×.

EV/EBITDA, daily

Annual

Period EV/EBITDA Change
FY2025 20.5× 62.55%
FY2024 12.6× 12.78%
FY2023 11.2× (16.74%)
FY2022 13.4× (7.82%)
FY2021 14.6× (13.07%)
FY2020 16.7× 73.29%
FY2019 9.7× 9.64%
FY2018 8.8× (41.14%)
FY2017 15.0× (15.10%)
FY2016 17.6× 81.89%

Quarterly

Period EV/EBITDA Change
Jun 2026 31.3× 30.96%
Mar 2026 23.9× 16.79%
Dec 2025 20.5× 19.13%
Sep 2025 17.2× 18.81%
42 more quarters

Against its own ten years

Low 7.0× High 34.4×
Ten-year median 12.6×
Current reading's percentile 96

EV/EBITDA against peers

Company EV/EBITDA
OSK Oshkosh Corporation compare 8.2×
ALG Alamo Group, Inc. compare 9.7×
AGCO AGCO Corporation compare 11.2×
CNH CNH Industrial N.V. compare 12.8×
TEX Terex Corporation compare 14.1×
PCAR PACCAR Inc. compare 14.2×
FSS Federal Signal Corporation compare 15.2×
DE Deere & Company compare 20.5×
CAT Caterpillar Inc. 24.7×
Farm & Heavy Construction Machinery industry median 12.1×
Industrials sector median 12.9×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

More on CAT