DE vs HON: Which Is the Better Buy?
Side-by-side comparison of Deere & Company and Honeywell International Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-26.
Deere & Company · Industrials
$703.12
-12.2% upside to fair value
Med Conviction
Grade C
High Quality
VS
Honeywell International Inc. · Industrials
$212.55
-8.5% upside to fair value
Med Conviction
Grade C
QuantHub Verdict
HON has more upside to fair value
(-8.5%).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
DE |
HON |
| Current Price |
$703.12 |
$212.55 |
| Fair Value Estimate |
$616.99 |
$194.50 |
| Upside to Fair Value |
-12.2%
|
-8.5%
|
| Market Cap |
$189.8B |
$67.4B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
22.1x
|
7.4x
|
| Price / Sales |
4.0x
|
1.9x
|
| Price / FCF |
49.1x
|
16.4x
|
| Revenue Growth YoY |
+7.0%
|
-6.1%
|
| Gross Margin |
35.7%
|
36.6%
|
| Operating Margin |
19.0%
|
14.1%
|
| Return on Equity |
18.1%
|
41.7%
|
| Dividend Yield |
0.92% |
2.09% |
| FCF Yield |
2.04%
|
6.11%
|
| Analyst Consensus |
Buy
|
Buy
|
Investment Thesis
Deere & Company is a 1837-founded global manufacturer of agricultural, turf, and construction equipment organized across Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services, employing roughly 73,100 people under CEO John C. May. Business quality is high on franchise strength but currently strained by the large-agriculture cycle: TTM …
Honeywell International Inc. is a 101,000-employee diversified industrial technology and manufacturing conglomerate, led by CEO Vimal Kapur, spanning Aerospace, Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. Business quality is solid but not exceptional: the company carries a durable intangible-asset and switching-cost moat in aerospace avion…
Accumulation Zones
| Metric |
DE |
HON |
| Zone Low |
$462.74 |
$145.88 |
| Zone High |
$524.44 |
$165.32 |
| In Buy Zone? |
No
|
No
|