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Public Comps and Valuation Multiples for Machinery

Benchmark revenue and EBITDA valuation multiples for public comps like
Caterpillar, Siemens, Schneider Electric, Deere and Siemens Energy.

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Machinery

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$329B$362B$69B5.2x25.8x
$203B$248B$93B2.7x14.8x
$173B$186B$48B3.9x18.5x
$171B$226B$40B5.7x30.9x
$160B$149B$48B3.1x25.9x
$147B$156B$28B5.5x23.1x
$128B$137B$21B6.6x24.2x
$94B$96B$19B5.1x19.5x
$85B$98B$18B5.3x18.5x
$85B$85B$7B12.1x32.3x
$85B$83B$18B4.5x6.8x
$84B$92B$16B5.7x19.7x
$80B$85B$34B2.5x15.1x
$65B$72B$27B2.7x22.6x
$52B$56B$14B4.1x16.9x
$46B$50B$9B5.8x27.5x
$43B$50B$25B2.0x11.0x
$41B$36B$5B6.8x25.4x
$40B$38B$13B2.9x20.6x
$40B$39B$8B4.9x22.1x
$39B$47B$26B1.8x22.7x
$38B$34B$14B2.4x15.0x
$38B$37B$13B2.8x18.3x
$37B$40B$8B5.2x18.3x
$36B$44B$15B3.0x16.8x
$33B$34B$7B4.9x19.8x
$31B$32B$9B3.5x15.7x
$30B$29B$13B2.1x14.4x
$30B$28B$10B2.8x17.3x
$29B$33B$10B3.1x21.8x
$29B$30B$16B1.9x14.6x
$25B$21B$40B0.5x5.4x
$24B$23B$23B1.0x9.0x
$23B$25B$8B3.2x15.6x
$23B$22B$2B13.4x41.8x
$22B$33B$20B1.7x12.7x
$20B$20B$5B4.2x13.8x
$20B$24B$15B1.6x11.7x
$17B$16B$4B4.1x18.6x
$17B$19B$17B1.1x9.7x
$16B$18B$6B2.8x15.7x
$16B$17B$8B2.2x19.1x
$16B$18B$4B4.2x15.6x
$16B$17B$4B3.9x19.4x
$16B$15B$2B6.7x20.6x
$15B$20B$11B1.8x15.3x
$15B$40B$18B2.2x35.2x
$14B$17B$22B0.8x8.8x
$14B$14B$1B11.1x52.9x
$14B$13B$1B8.9x55.9x
$14B$X.XB$4BX.XxX.Xx
$13B$X.XB$15BX.XxX.Xx
$13B$X.XB$2BX.XxX.Xx
$12B$X.XB$3BX.XxX.Xx
$12B$X.XB$6BX.XxX.Xx
$12B$X.XB$9BX.XxX.Xx
$11B$X.XB$5BX.XxX.Xx
$11B$X.XB$4BX.XxX.Xx
$11B$X.XB$2BX.XxX.Xx
$11B$X.XB$943MX.XxX.Xx
$11B$X.XB$27BX.XxX.Xx
$11B$X.XB$4BX.XxX.Xx
$11B$X.XB$11BX.XxX.Xx
$10B$X.XB$14BX.XxX.Xx
$10B$X.XB$5BX.XxX.Xx
$10B$X.XB$10BX.XxX.Xx
$10B$X.XB$4BX.XxX.Xx
$10B$X.XB$5BX.XxX.Xx
$10B$X.XB$1BX.XxX.Xx
$9B$X.XB$4BX.XxX.Xx
$9B$X.XB$5BX.XxX.Xx
$9B$X.XB$3BX.XxX.Xx
$9B$X.XB$30MX.XxX.Xx
$9B$X.XB$9BX.XxX.Xx
$9B$X.XB$4BX.XxX.Xx
$9B$X.XB$5BX.XxX.Xx
$9B$X.XB$13BX.XxX.Xx
$8B$X.XB$3BX.XxX.Xx
$8B$X.XB$4BX.XxX.Xx
$8B$X.XB$6BX.XxX.Xx
$8B$X.XB$5BX.XxX.Xx
$7B$X.XB$4BX.XxX.Xx
$7B$X.XB$2BX.XxX.Xx
$7B$X.XB$5BX.XxX.Xx
$7B$X.XB$3BX.XxX.Xx
$7B$X.XB$3BX.XxX.Xx
$7B$X.XB$2BX.XxX.Xx
$6B$X.XB$474MX.XxX.Xx
$6B$X.XB$4BX.XxX.Xx
$6B$X.XB$978MX.XxX.Xx
$5B$X.XB$707MX.XxX.Xx
$5B$X.XB$5BX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$4BX.XxX.Xx
$5B$X.XB$5BX.XxX.Xx
$5B$X.XB$7BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$4BX.XxX.Xx
$4B$X.XBX.XxX.Xx
$4B$X.XB$30MX.XxX.Xx
$4B$X.XB$4BX.XxX.Xx
$4B$X.XB$872MX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$6BX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$6BX.XxX.Xx
$4B$X.XB$42MX.XxX.Xx
$4B$X.XB$2BX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XBX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$723MX.XxX.Xx
$2B$X.XB$4BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$631MX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$666MX.XxX.Xx
$2B$X.XB$5BX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$692MX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$3BX.XxX.Xx
$2B$X.XB$856MX.XxX.Xx
$2B$X.XB$295MX.XxX.Xx
$2B$X.XB$3BX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$669MX.XxX.Xx
$1B$X.XB$763MX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$803MX.XxX.Xx
$1B$X.XB$218MX.XxX.Xx
$1B$X.XB$674MX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$185MX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$216MX.XxX.Xx
$1B$X.XB$344MX.XxX.Xx
$985M$X.XB$3BX.XxX.Xx
$965M$X.XB$238MX.XxX.Xx
$952M$X.XBX.XxX.Xx
$902M$X.XBX.XxX.Xx
$881M$X.XB$993MX.XxX.Xx
$813M$X.XB$1BX.XxX.Xx
$795M$X.XB$849MX.XxX.Xx
$775M$X.XB$582MX.XxX.Xx
$773M$X.XB$475MX.XxX.Xx
$763M$X.XBX.XxX.Xx
$732M$X.XB$210MX.XxX.Xx
$726M$X.XBX.XxX.Xx
$704M$X.XB$631MX.XxX.Xx
$702M$X.XB$116MX.XxX.Xx
$698M$X.XB$4BX.XxX.Xx
$666M$X.XB$808MX.XxX.Xx
$641M$X.XB$288MX.XxX.Xx
$615M$X.XB$1BX.XxX.Xx
$611M$X.XB$301MX.XxX.Xx
$592M$X.XB$211MX.XxX.Xx
$580M$X.XB$1BX.XxX.Xx
$566M$X.XB$132MX.XxX.Xx
$549M$X.XB$1BX.XxX.Xx
$545M$X.XB$632MX.XxX.Xx
$545M$X.XB$2BX.XxX.Xx
$541M$X.XB$7MX.XxX.Xx
$537M$X.XB$1BX.XxX.Xx
$526M$X.XB$2BX.XxX.Xx
$518M$X.XB$1BX.XxX.Xx
$513M$X.XBX.XxX.Xx
$510M$X.XB$55MX.XxX.Xx
$509M$X.XB$893MX.XxX.Xx
$509M$X.XBX.XxX.Xx
$504M$X.XB$552MX.XxX.Xx
$497M$X.XB$108MX.XxX.Xx
$492M$X.XB$641MX.XxX.Xx
$492M$X.XB$809MX.XxX.Xx
$485M$X.XB$3BX.XxX.Xx
$462M$X.XB$2BX.XxX.Xx
$440M$X.XBX.XxX.Xx
$431M$X.XB$746MX.XxX.Xx
$397M$X.XBX.XxX.Xx
$383M$X.XBX.XxX.Xx
$371M$X.XB$463MX.XxX.Xx
$362M$X.XB$114MX.XxX.Xx
$355M$X.XB$480MX.XxX.Xx
$321M$X.XB$290MX.XxX.Xx
$300M$X.XB$776MX.XxX.Xx
$293M$X.XB$171MX.XxX.Xx
$281M$X.XB$1BX.XxX.Xx
$272M$X.XB$66MX.XxX.Xx
$260M$X.XB$924MX.XxX.Xx
$248M$X.XBX.XxX.Xx
$247M$X.XB$124MX.XxX.Xx
$231M$X.XBX.XxX.Xx
$230M$X.XB$561MX.XxX.Xx
$229M$X.XB$110MX.XxX.Xx
$223M$X.XB$111MX.XxX.Xx
$215M$X.XB$284MX.XxX.Xx
$205M$X.XB$133MX.XxX.Xx
$190M$X.XB$844MX.XxX.Xx
$186M$X.XB$767MX.XxX.Xx
$185M$X.XB$248MX.XxX.Xx
$177M$X.XB$575MX.XxX.Xx
$176M$X.XB$388MX.XxX.Xx
$171M$X.XB$1BX.XxX.Xx
$170M$X.XBX.XxX.Xx
$170M$X.XB$722MX.XxX.Xx
$167M$X.XB$198MX.XxX.Xx
$166M$X.XBX.XxX.Xx
$162M$X.XBX.XxX.Xx
$156M$X.XBX.XxX.Xx
$148M$X.XBX.XxX.Xx
$146M$X.XBX.XxX.Xx
$144M$X.XB$68MX.XxX.Xx
$141M$X.XB$132MX.XxX.Xx
$140M$X.XB$303MX.XxX.Xx
$137M$X.XB$190MX.XxX.Xx
$130M$X.XB$225MX.XxX.Xx
$129M$X.XBX.XxX.Xx
$125M$X.XBX.XxX.Xx
$119M$X.XB$595MX.XxX.Xx
$115M$X.XBX.XxX.Xx
$115M$X.XBX.XxX.Xx
$105M$X.XBX.XxX.Xx
$104M$X.XBX.XxX.Xx
$99M$X.XB$361MX.XxX.Xx
$99M$X.XB$200MX.XxX.Xx
$97M$X.XBX.XxX.Xx
$94M$X.XBX.XxX.Xx
$90M$X.XB$242MX.XxX.Xx
$80M$X.XBX.XxX.Xx
$75M$X.XB$116MX.XxX.Xx
$75M$X.XB$34MX.XxX.Xx
$74M$X.XB$592MX.XxX.Xx
$74M$X.XBX.XxX.Xx
$70M$X.XBX.XxX.Xx
$67M$X.XB$196MX.XxX.Xx
$65M$X.XB$12MX.XxX.Xx
$62M$X.XBX.XxX.Xx
$62M$X.XBX.XxX.Xx
$59M$X.XBX.XxX.Xx
$56M$X.XBX.XxX.Xx
$54M$X.XBX.XxX.Xx
$52M$X.XBX.XxX.Xx
$51M$X.XB$240MX.XxX.Xx
$48M$X.XBX.XxX.Xx
$47M$X.XBX.XxX.Xx
$47M$X.XB$27MX.XxX.Xx
$46M$X.XB$30MX.XxX.Xx
$46M$X.XBX.XxX.Xx
$45M$X.XBX.XxX.Xx
$42M$X.XB$16MX.XxX.Xx
$40M$X.XB$66MX.XxX.Xx
$39M$X.XB$32MX.XxX.Xx
$37M$X.XBX.XxX.Xx
$36M$X.XBX.XxX.Xx
$36M$X.XBX.XxX.Xx
$34M$X.XBX.XxX.Xx
$33M$X.XBX.XxX.Xx
$29M$X.XBX.XxX.Xx
$29M$X.XBX.XxX.Xx
$27M$X.XBX.XxX.Xx
$27M$X.XBX.XxX.Xx
$25M$X.XBX.XxX.Xx
$24M$X.XBX.XxX.Xx
$24M$X.XBX.XxX.Xx
$22M$X.XBX.XxX.Xx
$21M$X.XBX.XxX.Xx
$21M$X.XB$42MX.XxX.Xx
$20M$X.XB$15MX.XxX.Xx
$20M$X.XBX.XxX.Xx
$20M$X.XBX.XxX.Xx
$18M$X.XB$34MX.XxX.Xx
$18M$X.XBX.XxX.Xx
$17M$X.XB$42MX.XxX.Xx
$16M$X.XB$7MX.XxX.Xx
$16M$X.XB$9MX.XxX.Xx
$16M$X.XB$66MX.XxX.Xx
$15M$X.XBX.XxX.Xx
$14M$X.XBX.XxX.Xx
$14M$X.XB$31MX.XxX.Xx
$13M$X.XBX.XxX.Xx
$12M$X.XBX.XxX.Xx
$12M$X.XBX.XxX.Xx
$12M$X.XB$4MX.XxX.Xx
$12M$X.XBX.XxX.Xx
$12M$X.XBX.XxX.Xx
$11M$X.XBX.XxX.Xx
$11M$X.XBX.XxX.Xx
$11M$X.XBX.XxX.Xx
$10M$X.XBX.XxX.Xx
$10M$X.XB$22MX.XxX.Xx
$10M$X.XBX.XxX.Xx
$9M$X.XB$55MX.XxX.Xx
$9M$X.XBX.XxX.Xx
$9M$X.XBX.XxX.Xx
$8M$X.XB$21MX.XxX.Xx
$8M$X.XBX.XxX.Xx
$8M$X.XBX.XxX.Xx
$7M$X.XBX.XxX.Xx
$7M$X.XBX.XxX.Xx
$6M$X.XBX.XxX.Xx
$6M$X.XBX.XxX.Xx
$6M$X.XBX.XxX.Xx
$5M$X.XBX.XxX.Xx
$5M$X.XBX.XxX.Xx
$4M$X.XBX.XxX.Xx
$4M$X.XBX.XxX.Xx
$3M$X.XBX.XxX.Xx
$3M$X.XBX.XxX.Xx
$2M$X.XBX.XxX.Xx
$2M$X.XBX.XxX.Xx
$2M$X.XBX.XxX.Xx
$2M$X.XBX.XxX.Xx
$2M$X.XBX.XxX.Xx
$2M$X.XBX.XxX.Xx
$679K$X.XBX.XxX.Xx
$543K$X.XB$9MX.XxX.Xx
$156K$X.XBX.XxX.Xx
$145K$X.XBX.XxX.Xx
$29K$X.XBX.XxX.Xx

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