Caterpillar Inc. CAT
- Market cap
- $373.2B
- P/E
- 35.2×
Follow CAT
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 | Free account |
Against its own ten years
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)
More on CAT
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement