Is Caterpillar (CAT) Reasonably Valued After Its 38% Sales Jump?

Caterpillar stock has delivered a very large 5 year return, yet its current valuation signals are mixed, with the Discounted Cash Flow (DCF) intrinsic value estimate suggesting the shares are roughly in line with fair value, while the market multiple checks lean more supportive. Over 5 years, Caterpillar has returned about 3.6x an initial investment, which puts extra focus on whether the current price still leaves r…