CAT
Caterpillar Inc.Industrials · $375.7B market cap
Verdict
Share price
$845.42
close of Oct 3, 2026
Fair value
$402.35
Sticker Price
Payback Price
$160.94
buy price
CAT is Overpriced: at $845.42 it trades 110% above its fair value of $402.35. Its buy price (Payback Price) is $160.94, 81% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.
How we valued it
Owner Earnings. Earnings grow slowly (under 7% a year), but cash flow is steady, so we value it on its cash flow instead of its earnings.
Business quality
1 of 5 clear the 10% bar. What are the Big Five?
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7 of the investors we track hold CAT. In Q2 2026, 1 trimmed. Who we track
Bill & Melinda Gates Foundation Trust
Bill & Melinda Gates Foundation Trust · as of Q2 2026
$6.8B
6,353,614 shares
Thomas Gayner
Markel Group · as of Q2 2026
$350.0M
328,650 shares
Dodge & Cox Funds
Dodge & Cox Funds · as of Q2 2026
$42.0M
39,404 shares
Mairs & Power Funds
Mairs & Power Funds · as of Q2 2026
$19.3M
18,102 shares
Bill Nygren
Oakmark Funds · as of Q2 2026
$2.0M
1,840 shares
Moves in Q2 2026
Trimmed: Thomas Russo
Insider activity
Since Jun 26, 2026: no open-market purchases, 14 sales worth $26.2M and 14 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
Creed Joseph E
Chief Executive Officer · 2026-08-28
Sold
$3.9M
Creed Joseph E
Chief Executive Officer · 2026-08-28
Sold
$1.0M
Creed Joseph E
Chief Executive Officer · 2026-08-28
Sold
$4.1M
Creed Joseph E
Chief Executive Officer · 2026-08-28
Sold
$2.5M
Creed Joseph E
Chief Executive Officer · 2026-08-28
Sold
$1.7M
Show all 14 salesShow fewer
Creed Joseph E
Chief Executive Officer · 2026-08-28
Sold
$2.1M
Creed Joseph E
Chief Executive Officer · 2026-08-28
Sold
$5.0M
Creed Joseph E
Chief Executive Officer · 2026-08-28
Sold
$2.7M
Creed Joseph E
Chief Executive Officer · 2026-08-28
Sold
$1.1M
Creed Joseph E
Chief Executive Officer · 2026-08-28
Sold
$418K
Creed Joseph E
Chief Executive Officer · 2026-08-28
Sold
$603K
Creed Joseph E
Chief Executive Officer · 2026-08-28
Sold
$225K
Creed Joseph E
Chief Executive Officer · 2026-08-28
Sold
$433K
Creed Joseph E
Chief Executive Officer · 2026-08-28
Sold
$384K
Other filings
Creed Joseph E
Chief Executive Officer · 2026-08-28
Tax withholding
$9.8M
Creed Joseph E
Chief Executive Officer · 2026-08-28
Option exercise
$9.8M
Creed Joseph E
Chief Executive Officer · 2026-08-26
Award
19 shares
Kaiser Jason
Group President · 2026-08-26
Award
11 shares
Epley Kyle Joseph
Chief Financial Officer · 2026-08-26
Award
11 shares
Show all 14 other filingsShow fewer
Epley Kyle Joseph
Chief Financial Officer · 2026-08-26
Award
7 shares
Creed Joseph E
Chief Executive Officer · 2026-07-24
Award
18 shares
Kaiser Jason
Group President · 2026-07-24
Award
10 shares
Epley Kyle Joseph
Chief Financial Officer · 2026-07-24
Award
5 shares
Epley Kyle Joseph
Chief Financial Officer · 2026-07-24
Award
7 shares
MacLennan David
director · 2026-06-30
Award
22 shares
Epley Kyle Joseph
Chief Financial Officer · 2026-06-26
Award
6 shares
Creed Joseph E
Chief Executive Officer · 2026-06-26
Award
16 shares
Kaiser Jason
Group President · 2026-06-26
Award
5 shares
About Caterpillar Inc.
Caterpillar Inc., a global enterprise founded in 1925 and headquartered in Deerfield, Illinois (having previously operated as Caterpillar Tractor Co. until its rebranding in 1986), is a premier manufacturer and vendor of heavy construction and mining equipment, diesel and natural gas power units, and industrial gas turbines across the world. The company's extensive offerings are organized into several operational…
Agricultural - Machinery
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works