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Arphra AIPlain-English read on Caterpillar Inc.’s valuationEnterprise value
$493.1B
Market cap
$454.11B
Net debt
$38.99B
Total debt
$43.07B
Cash & ST inv.
$4.07B
Capital structure
· balance sheet · 2026-03-31Enterprise-value bridge
Equity 92%
Share of enterprise value funded by equity vs net debt.
Market capitalisation$454.11B
+ Total debt+$43.07B
− Cash & short-term investments−$4.07B
= Enterprise value$493.1B
Valuation
· key metrics · TTMEV multiples
EV / EBITDA31.0×
EV / Sales7.0×
EV / FCF43.1×
Net debt / EBITDA2.4×
Debt / Equity—
History
· 3y · net debt held constant