CNH Industrial N.V. (CNH) Valuation — DCF, Graham & Comparables

CNH Industrial N.V. (CNH) — Price $11.81 (closing price, November 2, 2026) — Industrials — Agricultural - Machinery — NYSE

Latest reported results:

Valuation dashboard for CNH Industrial N.V. (CNH) with P/E 47.54, P/B 1.89, EV/EBITDA 15.1 and dividend yield 0.85%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Industrials companies.

CNH Industrial N.V. operates as a multinational producer of heavy-duty industrial machinery, specializing in a diverse portfolio that includes both agricultural and construction equipment. A testament to its legacy, the highly recognized Case IH brand has been a trusted partner to farmers for generations. The company's reach is extensive, supported by a robust global distribution network comprising over 3,600 dealer and distribution outlets.

What would it be worth at its usual multiples?

Versus its usual multiples: fairly priced · It trades at 47.5 times its last-12-month earnings and at 16.0 times its average earnings over ten years; between the 10 times Lynch paid for a cyclical and the 25 we take as the limit. It is fairly priced.

It trades at 47.5 times its last-12-month earnings and at 16.0 times its average earnings over ten years; between the 10 times Lynch paid for a cyclical and the 25 we take as the limit. It is fairly priced.

These are its average accounting earnings over its last ten years, losses included.

Analysis Summary

CNH Industrial N.V. reported revenue of $18.09B in the most recent fiscal year, growing at a 5-year CAGR of 4.1%.

Trailing-twelve-month margins: gross margin 30.6%, operating margin 13.7%, net margin 1.7%.

At $11.81 (closing price, November 2, 2026), CNH trades at a P/E of 47.54 and an ROE of 4.01%. Market capitalisation stands at $14.6B, placing it among large-cap names.

Balance sheet quality for CNH: debt-to-equity ratio of 3.39, current ratio of 7.16 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio47.54
Price / Book1.89
EV / EBITDA15.1
Dividend Yield0.85%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
CNHCNH Industrial N.V.$14.6B47.541.894.0%
CATCaterpillar Inc.$282.1B24.0713.1158.5%
DEDeere & Company$180.0B37.096.4418.1%
OSKOshkosh Corp$8.9B18.381.9811.0%
AGCOAGCO Corporation$7.8B29.231.946.7%

Price

Price$11.81 (closing price, November 2, 2026)
Market Cap$14.6B
ExchangeNYSE
CountryGB

Profitability

Return on Equity4.01%
Return on Invested Capital6.20%
Return on Assets0.74%
Gross Margin30.61%
Operating Margin13.65%
Net Margin1.71%

Related companies: CAT · DE · OSK · AGCO

Explore sector: Industrials · Agricultural - Machinery

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