DEERE & CO (DE)

Farm Machinery & Equipment

Latest Price

$677.94

TTM P/E

37.64

Normalized P/E

28.17

Div Yield

0.96%

Book Value

103.74

P/B Ratio

6.53

Valuation metrics

EPS: $18.50

Book value / share: $95.97

Formula: √(22.5 × EPS × BVPS)

Graham Number

$199.87

71% downside

Norm. op. income: $8.5B (median of 6yr)

Tax rate: 22%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$103.92

85% downside

Base FCF: $6.9B (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$296.19

56% downside

EPS: $18.50

Target P/E: 28×

Formula: EPS × P/E

P/E Fair Value

$518.00

24% downside

75.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	18.54M	$11.76B	6.87%	+228.9K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	16.58M	$10.51B	6.14%	+50.1K	2026-06-30
Capital World Investors	11.50M	$7.29B	4.26%	-770.9K	2026-06-30
STATE STREET CORP	10.87M	$6.91B	4.03%	+256.6K	2026-06-30
JPMORGAN CHASE & CO	9.21M	$5.77B	3.41%	-400.2K	2026-06-30
PRICE T ROWE ASSOCIATES INC /MD/	7.55M	$4.79B	2.80%	-337.7K	2026-06-30
FMR LLC	7.49M	$4.75B	2.78%	+958.9K	2026-06-30
Capital International Investors	6.41M	$4.07B	2.38%	+4.71M	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	5.71M	$3.61B	2.12%	+27.7K	2026-06-30
MORGAN STANLEY	4.37M	$2.77B	1.62%	+120.3K	2026-06-30