CAT - A Look Into Caterpillar Inc's Price Over Earnings | Benzinga
In the current session, the stock is trading at $246.75, after a 0.30% increase. Over the past month, Caterpillar Inc. (NYSE:CAT) stock increased by 3.43%, and in the past year, by 6.22%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.
A Look at Caterpillar P/E Relative to Its Competitors
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance ...