Deere & Company (DE)

FairStock Score: 36/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I see Deere as a cyclical industrial franchise, not a stable compounder. Filed results show fiscal 2023 revenue of $61.3B, net income of $10.2B and diluted EPS of $34.63; by fiscal 2025 revenue was $45.7B, net income $5.0B and EPS $18.50. The latest fiscal Q3 2026, quarter ended 2026-08-02, improved from fiscal Q3 2025: revenue $12.6B versus $12.0B, net income $1.4B versus $1.3B, and diluted EPS $5.10 versus $4.75. That is a recovery, but well below the peak. Business quality is real: FairStock calculates ROE at 18.24%, yet ROCE is only 3.76%, debt/equity is 2.30 and the Piotroski F-Score is 5/9. TTM free cash flow was $3.2B, a 1.9% FCF yield. At the $641.25 close on 2026-10-26, FairStock's P/E is 35.64, P/B 6.18, PEG 5.15 and EV/EBITDA 19.63. The Graham Number is $204.99, implying a -215.21% margin of safety. The Lynch category is CYCLICAL, with earnings following the economic cycle. I would need a much larger discount and evidence of durable mid-cycle earnings before calling this attractive. Excellent equipment franchise; demanding price.

In plain English: Deere makes farm, construction, and forestry equipment and also provides financing. The business still earns solid returns and fiscal Q3 2026 profit rose from a year earlier, but revenue and earnings have fallen from the fiscal 2023 peak. At $641.25 on 2026-10-26, the shares look expensive compared with the earnings, accounting value, and cash generation shown.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-08-02) · fiscal Q2 2026 10-Q (period ended 2026-05-03) · fiscal Q1 2026 10-Q (period ended 2026-02-01) · fiscal Q3 2025 10-Q (period ended 2025-07-27) · FY2025 10-K (period ended 2025-11-02) · FY2024 10-K (period ended 2024-10-27) · FY2023 10-K (period ended 2023-10-29)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer