Ashok Leyland vs Caterpillar: Fair Value & Quality
Both stocks run through our valuation models. Here is how Ashok Leyland (ASHOKLEY) and Caterpillar (CAT) compare, as of Aug 14, 2026.
As of Aug 14, 2026, Fair Value Calculator sees Ashok Leyland as the less overvalued of the two: Ashok Leyland trades at ₹172 versus a fair value of ₹118 (-31%), while Caterpillar trades at $855 versus $308 (-64%).
Ashok Leyland
ASHOKLEY.NSE · INR · Industrials
-31%
upside to fair value
overvalued
Price₹172
Fair Value₹118
Quality39/100
Caterpillar
CAT · USD · Industrials
-64%
upside to fair value
overvalued
Price$855
Fair Value$308
Quality64/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Ashok LeylandCaterpillar
Valuation
26.6×P/E (TTM)42.9×
1.64×P/S (TTM)6.11×
6.50×P/B20.27×
10.7×EV/EBITDA31.1×
—PEG2.25×
2.2%Dividend yield0.6%
₹3.50Dividend per share$6.04
Profitability
6%Net margin13%
17%Operating margin18%
22%Return on equity51%
7%Return on assets9%
Growth
17%Revenue growth (YoY)22%
10.6%Avg. growth/yr (3Y)4.4%
23.7%Avg. growth/yr (5Y)10.1%
Balance & size
3.23×Debt / equity1.44×
$10BMarket cap$432B
expensiveGrowth qualityhealthy
Ashok Leyland leads: 7 to 6 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Ashok Leylandof which business quality 35 · market factors 64Caterpillarof which business quality 62 · market factors 60
ProfitabilityMargins and returns on capital today
46
61
Quality GrowthAre margins and returns improving?
52
22
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
30
72
Low VolatilityCalm price path (market factor)
77
32
MomentumPrice trend over the last 3–12 months (market factor)
52
65
52W MomentumDistance to the 52-week high (market factor)
71
84
Net IssuanceBuybacks instead of dilution
83
100
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Ashok Leyland
DCF Models₹16.23
Earnings-Based₹103
Dividend Discount₹59.69
Multiples₹118
Asset-Based₹16.24
Economic Profit₹125
Growth Earnings₹118
13 of 17 models see the stock below the current price.
Caterpillar
DCF Models$365
Earnings-Based$151
Dividend Discount$111
Multiples$314
Asset-Based$31.01
Growth DCF$326
Economic Profit$220
Growth Earnings$361
26 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Ashok Leyland
Bear ₹82.61Fair Value ₹118Bull ₹154
₹172 = current price (white tick)
Caterpillar
Bear $192Fair Value $308Bull $403
$855 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Ashok Leyland · Industrials
Quality score39 · bottom 25%
Fair value upside-31% · below median
Caterpillar · Industrials
Quality score64 · Top 25%
Fair value upside-64% · bottom 25%
Bottom line
As of Aug 14, 2026, Fair Value Calculator sees Ashok Leyland as the less overvalued of the two: Ashok Leyland trades at ₹172 versus a fair value of ₹118 (-31%), while Caterpillar trades at $855 versus $308 (-64%).
Caterpillar has the higher quality score (64/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
