Caterpillar Trades at 3x Its Historical Multiple — Michael Burry Is Betting Against It Caterpillar's surge in stock price, coupled with its impressive revenue growth and record backlog, has sent investors scrambling to get in on the action.
However, beneath this industrial powerhouse lies a warning sign that suggests the market may be getting ahead of itself.
The company's dominance in heavy equipment manufacturing is undeniable, particularly when it comes to powering AI data centers. Caterpillar's massive engine backlog has grown by over 3.