We can't give an honest read on this one right now.

Our model values a company on the cash it can hand its owners after paying for its own growth. For John Deere that number is not something we can compute today — so rather than estimate around the gap, we are leaving it blank until the next filings close it.

  • Caution:
    What is missing
    From 2022 Deere reports its borrowings split between its equipment business and its finance arm, and the SEC data feed publishes only figures that are not broken out that way — so its long-term debt is not a number we can read. What a company owes drives too much of a read to guess at: on Deere it is the difference between a manageable balance sheet and a heavily indebted one, and we would rather show nothing than pick a side.

Why show the page at all. Because the alternative is a number we don't believe. Every other company on TickerMath gets a fair value computed from its SEC filings; this one gets a plain explanation instead, which is the same promise kept a different way. This one is expected to change: we re-test every company against its new filings, and the read appears here as soon as the figures support it.

TickerMath is an educational tool, not investment advice — it computes one model from SEC filings and can be wrong. How we compute this →