Deere (DE) has seen a significant 34% rally year-to-date, prompting a valuation analysis. While a Discounted Cash Flow (DCF) model suggests Deere is fairly valued with a 9.8% discount to its estimated fair value of $691.72 per share, its P/E ratio of 35.12x is above industry averages. However, Simply Wall St’s Fair Ratio framework indicates the stock might be undervalued with a Fair Ratio of 42.12x.
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Is It Too Late To Consider Deere (DE) After A 34% Year To Date Rally?
Deere (DE) has seen a significant 34% rally year-to-date, prompting a valuation analysis. While a Discounted Cash Flow (DCF) model suggests Deere is fairly valued with a 9.8% discount to its estimated fair value of $691.72 per share, its P/E ratio of 35.12x is above industry averages. However, Simply Wall St’s Fair Ratio framework indicates the stock might be undervalued with a Fair Ratio of 42.12x.