3 reasons thriving Komatsu still trails Caterpillar in market value
TOKYO -- Komatsu is on a roll. The Japanese construction machinery maker has posted two straight years of record profits, while its share price recently hit an all-time high.
Yet U.S. rival Caterpillar still trades at a far higher multiple of book value. Komatsu is trading at 1.6 times book value, compared with Caterpillar's 9.6.