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 2026-06-20.
Deere & Company · Industrials
$589.24
-29.6% upside to fair value
Grade D
High Quality
VS
Honeywell International Inc. · Industrials
$229.01
-14.5% upside to fair value
Grade D
QuantHub Verdict
HON has more upside to fair value
(-14.5%).
HON trades at a lower forward P/E
(32.4x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
DE |
HON |
| Current Price |
$589.24 |
$229.01 |
| Fair Value Estimate |
$414.61 |
$195.88 |
| Upside to Fair Value |
-29.6%
|
-14.5%
|
| Market Cap |
$159.1B |
$145.1B |
| Forward P/E |
33.3x
|
32.4x
|
| EV / EBITDA |
18.8x
|
23.4x
|
| Price / Sales |
3.4x
|
4.0x
|
| Price / FCF |
42.2x
|
35.3x
|
| Revenue Growth YoY |
+6.7%
|
-6.9%
|
| Gross Margin |
35.4%
|
36.9%
|
| Operating Margin |
18.4%
|
14.9%
|
| Return on Equity |
18.3%
|
23.6%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
2.37%
|
2.83%
|
| Analyst Consensus |
Hold
|
Strong Buy
|
Investment Thesis
Deere & Company is a leading global manufacturer of agricultural, construction, and forestry machinery with a durable competitive moat anchored by its number one market share in large agricultural equipment and a dense dealer network. The company benefits from embedded precision agriculture technology that widens its competitive gap, particularly in North America where it holds 40 to 60 percent m…
Honeywell International Inc. operates as a diversified industrial conglomerate with leading market positions in aerospace, building automation, industrial automation, and energy solutions. The company benefits from a durable competitive moat with 20-40%+ market share in key niches such as avionics and aerospace systems. Despite strong free cash flow generation and a consistent dividend supported …
Accumulation Zones
| Metric |
DE |
HON |
| Zone Low |
$310.96 |
$146.91 |
| Zone High |
$352.42 |
$166.50 |
| In Buy Zone? |
No
|
No
|