CNH Industrial NV (CNH) is overvalued and Deere & Co (DE) is overvalued.
Both trade above our estimate of their intrinsic value. DE is the closer of the two: -202%, against -308% for CNH.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.5% (average of 3 methods) values the shares at $3.35; the price of $13.67 is 308% above that value, and 80% of that value comes from beyond year five.
Leak Score 0/100 on 3 of 12 signals
Discounting its cash flows at 8.2% (average of 3 methods) values the shares at $232.98; the price of $703.12 is 202% above that value, and 79% of that value comes from beyond year five.
Leak Score 43/100 on 10 of 12 signals
| Metric | CNH | DE |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $13.67 | $703.12 |
| Intrinsic value | $3.35 | $232.98 |
| Margin of safety | -308% | -202% |
| Leak Score | 0/100 (3/12) | 43/100 (10/12) |
| Market cap | $16.9B | $189.6B |
| Revenue growth, 5 years | -7.0% | 5.1% |
| Operating margin | 13.3% | 20.0% |
| Net margin | 1.7% | 10.2% |
| Return on equity | 4.0% | 18.3% |
| Debt to equity | 3.39 | 2.29 |
| P/E | 54.8x | 39.1x |
| Forward P/E | 20.7x | 31.3x |
| P/B | 2.2x | 6.8x |
| Dividend yield | 1.1% | 0.9% |