SweetValueLab
Write for us

Deere & Company — Intrinsic Value & Fair Price

DE
NYSEIndustrialsAgricultural - MachineryCIK 0000315189deere.comAbout DE
Last close · Oct 16, 2026641.86−8.81 (−1.35%)
Market cap$173.1B
Model value · DCF · Perpetuity growth · 5y
357.05
Deere closed at $641.86 — overvalued by 80% vs model.
250.00the model's range640.72

DCF · Perpetuity growth · 5y leads for a cyclical company — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models
175.28 – 674.00
Wall St. target
745.00 14% below
Above model, 1y
20 of 21 days

Price and model value

Embed this card

DE's close against its model value, as a 420×168 card for your own page. It updates nightly with this site and links back here.

Free to embed; keep the attribution link.
Loading chart…
What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
1.01%
Past 2 years
low 0.91%high 1.67%
Dividends per share, a year at a time
$3.61Sep ’21$4.36Sep ’22$5.05Sep ’23$5.88Sep ’24$6.48Sep ’25$6.48TTM
Dividends / free cash flow, FY2025
28.2%
Raised
5 years in a row
Growth, 5 yrs
12.4% a year
Last change
+10.2% · Dec 2024
Every payment, with ex-dates · latest $1.62, paid Nov 9, 2026

Research on DE

No posts on DE yet.
Studied DE from its filings? Guest posts are reviewed before they go live.Write about DE →

How it is valued

Valued asCyclical
Revenue declining (~-14% recent)Moderate margins (11% net margin)Highly cyclical earnings
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for cyclical companies
P/E
34.7×
EV / EBITDA
15.0×
FCF yield
1.9%
Dividend yield, TTM
1.01%
Beta
0.87
Cost of capital (WACC)
9.10%
Full financials

Analyst actions

third-party, quoted
09-03Evercore ISI Group · “Outperform” from “In Line”upgrade
09-02Evercore ISI · target813.00
08-31Baird · “Outperform” from “Neutral”upgrade
08-31Robert W. Baird · target800.00
Ratings, targets and estimates

Comparable companies

by business, not by industry label
1 more company lists DE as a comparable
Side by side:vs CAT

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just DE. No account.

About Deere

Deere & Company is a global manufacturer and distributor of a wide range of equipment. The company's operations are organized into four primary business segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment focuses on large-scale farming and advanced agricultural practices, offering medium-sized tractors, various harvesting machinery (including combines, cotton pickers, and sugarcane harvesters), front-end harvesting tools, sugarcane loaders, pull-behind scrapers, and essential tillage and seeding implements. It also supplies specialized application equipment like sprayers and nutrient management systems, along with soil preparation machinery, primarily serving grain growers. The Small Agriculture and Turf segment caters to smaller farming needs and land maintenance. Its product line includes utility tractors along with their complementary loaders and attachments. This segment also provides an extensive selection of turf and utility equipment, suchg as riding and commercial lawnmowers, specialized golf course maintenance machinery, and utility vehicles. Additionally, it offers various implements for tasks like mowing, tilling, snow removal, aerating, and general turf care across residential, commercial, golf, and sports environments, alongside other outdoor power products and hay and forage equipment. This division also resells products from other manufacturers. Its customer base includes dairy and livestock farmers, other crop producers, and general turf and utility clients. The Construction and Forestry segment delivers a comprehensive suite of heavy machinery for construction and logging. This includes earthmoving and roadbuilding equipment such as backhoe loaders, crawler dozers and loaders, four-wheel-drive loaders, excavators, motor graders, articulated dump trucks, landscape and skid-steer loaders, milling machines, pavers, compactors, rollers, crushers, screens, and asphalt plants. For forestry operations, it supplies log skidders, feller bunchers, log loaders and forwarders, and log harvesters, in addition to various attachments for all its machinery. Lastly, the Financial Services segment provides funding solutions to facilitate the sale and leasing of agriculture and turf, as well as construction and forestry equipment. It extends wholesale financing to dealers stocking these product lines, offers extended equipment warranties, and manages retail revolving charge accounts for end-users. Established in 1837, Deere & Company has its corporate headquarters situated in Moline, Illinois.

CEO
John C. May
Headquarters
Moline, IL
Employees
73,100
IPO
1972-06-01
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.