Caterpillar Inc. CAT
821.58
16.33
2.03%
as of 25 Sep
- Market cap
- $373.2B
- P/E
- 35.2×
Follow CAT
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) P/B ratio
As of 25 September 2026, Caterpillar Inc. (CAT) trades at a P/B ratio of 19.5×. Over the past ten years it has ranged from 2.2× (September 2015) to 26.2× (June 2026); the current reading is higher than 97% of that period. That is above the Farm & Heavy Construction Machinery industry median of 1.4× and above the Industrials sector median of 2.4×.
P/B ratio, daily
Annual
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 12.6× | 39.45% |
| FY2024 | 9.1× | 18.19% |
| FY2023 | 7.7× | (3.25%) |
| FY2022 | 7.9× | 16.32% |
| FY2021 | 6.8× | 5.74% |
| FY2020 | 6.4× | 13.60% |
| FY2019 | 5.7× | 6.22% |
| FY2018 | 5.3× | (20.94%) |
| FY2017 | 6.8× | 62.43% |
| FY2016 | 4.2× | 53.18% |
Quarterly
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 25.3× | 43.69% |
| Mar 2026 | 17.6× | 39.30% |
| Dec 2025 | 12.6× | 16.70% |
| Sep 2025 | 10.8× | 10.77% |
| 42 more quarters | Free account |
Against its own ten years
Low 2.2×
High 26.2×
Ten-year median
6.1×
Current reading's percentile
97
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| TEX Terex Corporation compare | 1.3× |
| ALG Alamo Group, Inc. compare | 1.6× |
| OSK Oshkosh Corporation compare | 1.8× |
| AGCO AGCO Corporation compare | 2.1× |
| CNH CNH Industrial N.V. compare | 2.1× |
| PCAR PACCAR Inc. compare | 2.9× |
| FSS Federal Signal Corporation compare | 4.6× |
| DE Deere & Company compare | 6.7× |
| CAT Caterpillar Inc. | 19.5× |
| Farm & Heavy Construction Machinery industry median | 1.4× |
| Industrials sector median | 2.4× |
| Market median | 1.8× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
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
- Price to free cash flow
- EV/EBITDA
- 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