ValueScreener company report

Deere & Company (DE)

Name: Deere & Company (DE) filed financial figures
Creator: ValueScreener

NYSE / Industrials / Agricultural - Machinery

Share price

650.67 USD Market dataClose of Oct 15, 2026

Market capitalisation

175.40B USD Market dataClose of Oct 15, 2026

Market data: Oct 15, 2026
Filed accounts: FY2025, filed Dec 18, 2025
Ratios computed: Oct 15, 2026
Filed years: 11, FY2015 to FY2025

Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means

SEC filingFiled with the SEC: Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement: What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data: Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener: Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.

Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Quality

Return on equity

19.4% Computed

From the FY2025 filing

Read quality

Financial strength

Debt to equity

n/a Computed

From the FY2025 filing

Why n/a

The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.

Read financial strength

Valuation

Price to earnings

35.08x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

3.5% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.

Named tests met: 1 of 30 Which tests

The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 35.08x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 25.00x and 40.00x.

Today, against the Industrials sector (412 companies), 35.08x sits at the 69th percentile; the middle half of that group runs from 14.79x to 38.17x.

Is it good

Return on equity was 19.4% in FY2025, in the band labelled "Strong" (15.0% to 25.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting high returns on shareholders' money, which leverage can also produce.

Today, against the Industrials sector (643 companies), 19.4% sits at the 81st percentile; the middle half of that group runs from -15.6% to 15.8%.

Year by year against peers: Whether Deere & Company's return on equity stayed above the median of the Industrials sector, year by year. (FY2016 to FY2025, 10 fiscal years of Deere & Company with a comparable figure)
The direction: Which way Deere & Company's return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of Deere & Company)
What could explain it: What in Deere & Company's filed statements could explain the movements. (4 readings drawn from the statement lines Deere & Company filed)
What to check next: What to check next on Deere & Company, and where in its filings. (2 questions for Deere & Company)
In one paragraph: One paragraph on Deere & Company's returns, cash, balance sheet and price. (8 of sixteen figures read for Deere & Company)

These are DE’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research DEPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Dec 18, 2025, accession 0001104659-25-122321.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Deere & Company: returns on capital and margins, each with its source
Figure	Value, source and document
Return on invested capital, after tax Why n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.	n/a ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Return on equity	19.4% ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Return on capital employed, pre-tax Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Return on assets	4.7% ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Gross margin Why n/a Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.	n/a ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Operating margin Why n/a No operating income line is filed for this year.	n/a ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Net margin	11.0% ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321

DE 11.0%

10.7%14.9%

Net margin: DE against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Deere & Company: leverage, liquidity and distress, each with its source
Figure	Value, source and document
Debt to equity Why n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.	n/a ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Current ratio Why n/a Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.	n/a ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Quick ratio Why n/a Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.	n/a ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Interest coverage Why n/a No operating income line is filed for this year.	n/a ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Altman Z-score Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Net debt Why n/a The FY2025 balance sheet carries no net debt we could read.	n/a ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321

Total assets Total liabilities Shareholders’ equity

The balance sheet, line by line

Financial health

What Deere & Company owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Dec 18, 2025, 0001104659-25-122321).

Deere & Company: balance sheet position
Total assets	106.00B FiledFY2025 10-K, filed Dec 18, 2025
Total liabilities	79.99B FiledFY2025 10-K, filed Dec 18, 2025
Shareholders' equity	25.95B FiledFY2025 10-K, filed Dec 18, 2025
Cash	8.28B FiledFY2025 10-K, filed Dec 18, 2025
Total debt	n/a FiledFY2025 10-K, filed Dec 18, 2025
Net debt	n/a
Current ratio	n/a
Debt to equity	n/a

Debt to equity: FY2025: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
Current ratio: FY2025: Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.
Interest cover: FY2025: No operating income line is filed for this year.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Deere & Company: what the market charges, each with its source
Figure	Value, source and document
Price to earnings	35.08x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
P/E on trailing twelve months	36.13x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book	6.81x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Price to sales	3.87x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Enterprise value to EBIT Why n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.	n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Enterprise value to EBITDA Why n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.	n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Price to earnings over growth	2.17 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Diluted earnings per share	18.50 USD FiledFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Graham number	199.66 USD ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321

We publish no fair value or price target of our own. Value DE on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Deere & Company today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Deere & Company: valuation
Share price	650.67 USD
Market capitalisation	175.40B USD
Enterprise value to EBITDA	n/a
Graham number	199.66 USD
Diluted earnings per share, FY2025	18.50 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 10.30x, median 20.70x, high 39.78x, latest 36.13x. 2,521 trading days with a meaningful ratio. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Deere & Company

Same sector (Industrials) and size band (Large, 10B to 200B), nearest in market value and net margin. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Deere & Company: cash generation and what is paid out, each with its source
Figure	Value, source and document
Free cash flow yield	3.5% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Free cash flow	6.10B USD ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Free cash flow margin	13.3% ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Dividend yield	1.0% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Payout ratio	34.2% ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321

Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Deere & Company: the eight ratios, with the fiscal year and filing date behind each.
Figure	Value	Year	As of
	35.08x	FY2025	Oct 15, 2026
FormulaShare price / earnings per share. Where the filing states no earnings per share this listing can be priced on, which is every 20-F and 40-F filer because theirs is stated per ordinary share, it is market capitalisation / net income: the same multiple, undiluted. As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tab
	6.81x	FY2025	Oct 15, 2026
FormulaMarket capitalisation / shareholders equity As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tab
	n/a	FY2025	Oct 15, 2026
n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
Formula(Market capitalisation + total debt - cash) / operating income, or over the filing's own EBIT (income before tax + interest expense) where the filer tags no operating line, as Johnson & Johnson does not in any of its ten filed years. As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tabForm10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tab
	3.5%	FY2025	Oct 15, 2026
FormulaFree cash flow per share / share price x 100 As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tab
	n/a	FY2025	Dec 18, 2025
n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
FormulaVendor trailing-twelve-month return on invested capital where one is published, which uses after-tax operating profit over total assets less current liabilities. Otherwise our own recompute: NOPAT / (shareholders equity + total debt - cash) x 100, where NOPAT is the filed operating profit after tax, or the filing's own EBIT after tax where the filer tags no operating line. As ofThe filing date of the statements below, for FY2025. Form10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tabForm10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tab
	1.0%	FY2025	Oct 15, 2026
FormulaCommon dividends paid in the latest filed year / market capitalisation x 100. n/a where the filing cannot support it: a special or first-year payment, a total that mixes preferred dividends, or a cash-flow statement over 15 months old. As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tab
	n/a	FY2025	Dec 18, 2025
n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
FormulaTotal debt / shareholders equity As ofThe filing date of the statements below, for FY2025. Form10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tab
	n/a	FY2025	Dec 18, 2025
n/a Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.
FormulaCurrent assets / current liabilities As ofThe filing date of the statements below, for FY2025. Form10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tab
	3.87x	FY2025	Oct 15, 2026
FormulaMarket capitalisation / revenue As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tab
	2.17	FY2025	Oct 15, 2026
FormulaPrice to earnings / the annual earnings growth rate, in percentage points As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tab
	n/a	FY2025	Oct 15, 2026
n/a We hold no figure here and no stored reason for its absence. The gap is ours, not the company's.
Formula1.2 x working capital/assets + 1.4 x retained earnings/assets + 3.3 x EBIT/assets + 0.6 x market value of equity/total liabilities + 1.0 x revenue/assets As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tabForm10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tab
	-2.74	FY2025	Dec 18, 2025
FormulaAn eight-variable index of year-on-year changes in receivables, gross margin, asset quality, revenue, depreciation, overheads, leverage and accruals As ofThe filing date of the statements below, for FY2025. Form10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tabForm10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tabForm10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tab
	4/9	FY2025	Dec 18, 2025
FormulaOne point each for: positive return on assets, positive operating cash flow, rising return on assets, operating cash flow above net income, falling leverage, rising current ratio, no new shares issued, rising gross margin, rising asset turnover. As ofThe filing date of the statements below, for FY2025. Form10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tabForm10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tabForm10-KFiledDec 18, 2025PeriodFY2025Accession0001104659-25-122321What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001104659-25-122321, leaves this page and opens in a new tab

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 11 filed fiscal years on record, FY2015 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports Deere & Company filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Deere & Company: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
Year	Revenue	Operating income	Net income	EPS, diluted	Free cash flow	Operating margin	Return on equity	Filing
FY2025	45.68B	9.43B	5.03B	18.50	6.10B	n/a	19.4%	10-K, Dec 18, 20250001104659-25-122321
FY2024	51.72B	9.04B	7.10B	25.62	7.59B	17.5%	31.1%	10-K, Dec 12, 20240001558370-24-016169
FY2023	61.25B	12.96B	10.17B	34.63	7.09B	21.2%	46.7%	10-K, Dec 15, 20230001558370-23-019812
FY2022	52.58B	9.51B	7.13B	23.28	3.56B	18.1%	35.2%	10-K, Dec 15, 20220001558370-22-018703
FY2021	44.02B	8.01B	5.96B	18.99	6.88B	18.2%	32.4%	10-K, Dec 16, 20210001558370-21-016864
FY2020	35.54B	4.30B	2.75B	8.69	6.66B	12.1%	21.3%	10-K, Dec 17, 20200001558370-20-014436
FY2019	39.26B	4.42B	3.25B	10.15	2.29B	11.3%	28.5%	10-K, Dec 19, 20190001558370-19-011614
FY2018	37.36B	4.48B	2.37B	7.24	926.0M	12.0%	21.0%	10-K, Dec 17, 20180001047469-18-007694
FY2017	29.74B	3.57B	2.16B	6.68	1.60B	12.0%	22.6%	10-K, Dec 18, 20170001047469-17-007719
FY2016	26.64B	2.61B	1.52B	4.81	3.13B	9.8%	23.4%	10-K, Dec 19, 20160001047469-16-017244

Revenue, compound annual growth FY2016 to FY2025: 6.2%
Earnings, compound annual growth FY2016 to FY2025: 14.2%
Earnings per share, compound annual growth FY2016 to FY2025: 16.1%
Free cash flow, compound annual growth FY2016 to FY2025: 7.7%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Deere & Company: accounting screens and published tests, each with its source
Figure	Value, source and document
Beneish M-score	-2.74 ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Piotroski F-score	4/9 ComputedFY2025 10-K, filed Dec 18, 2025, 0001104659-25-122321
Named tests met	1 of 30 Computed
Beta	0.53 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 1 met, 21 not met, 8 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)

Meets: Cash-covered dividend
Does not: Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); Gross margin, turnover (Robert Novy-Marx); High yield, low payout; Dividends and buybacks; Near the 52-week low; P/E times P/B (Benjamin Graham); Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured: Earnings yield and ROIC (Joel Greenblatt); High returns and growth; EV/EBITDA and coverage; Low beta, profitable; ROIC at or above WACC; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); High returns, low debt. A test with a figure we could not read is incomplete, never met and never failed.

Figures we could not read(10)

Current Ratio: Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.
Debt to Equity: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
EV/EBIT: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
Return on Invested Capital: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
Altman Z-Score: We do not hold this figure for this company, so there is nothing to show.
Gross Margin: Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.
EV/EBITDA: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
Interest Coverage: No operating income line is filed for this year.
ROIC-WACC Spread: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
Price To Ncav: Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

Value it in the DCF workbench

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

What this cannot tell you

10 figures could not be read on this company, among them Current Ratio, Debt to Equity, EV/EBIT. Each blank in the table above names the rest, with its reason. 8 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

Monitor my portfolio How this is computed

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Four questions, at a glance

Quality

Financial strength

Valuation

Cash generation

Revenue and net income, as filed

The reading, in brief

Financial health

Valuation

Companies like Deere & Company

The filed figures

Ten years of filed figures

The named tests

What this cannot tell you

Margin Notes