diff --git a/README.rst b/README.rst
index 3819ebb..1280401 100644
--- a/README.rst
+++ b/README.rst
@@ -370,6 +370,15 @@ of the repositories, filtered by team and/or tag.
   list-repos --team oslo
   list-repos --tag release:managed --tag type:library
 
+latest-deliverable-versions
+---------------------------
+
+Show each repository and the latest tag recorded in the deliverable
+file associated with that repo.
+
+::
+
+  latest-deliverable-versions -r ~/repos/openstack/releases mitaka
 
 update_git_review.sh
 --------------------
diff --git a/releasetools/cmds/latest_deliverable_versions.py b/releasetools/cmds/latest_deliverable_versions.py
new file mode 100644
index 0000000..6246bfc
--- /dev/null
+++ b/releasetools/cmds/latest_deliverable_versions.py
@@ -0,0 +1,70 @@
+# All Rights Reserved.
+#
+#    Licensed under the Apache License, Version 2.0 (the "License"); you may
+#    not use this file except in compliance with the License. You may obtain
+#    a copy of the License at
+#
+#         http://www.apache.org/licenses/LICENSE-2.0
+#
+#    Unless required by applicable law or agreed to in writing, software
+#    distributed under the License is distributed on an "AS IS" BASIS, WITHOUT
+#    WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied. See the
+#    License for the specific language governing permissions and limitations
+#    under the License.
+
+from __future__ import print_function
+
+import argparse
+import glob
+import os.path
+
+import yaml
+
+
+def main():
+    parser = argparse.ArgumentParser()
+    parser.add_argument(
+        '--releases-repo', '-r',
+        default='.',
+        help='path to the releases repository for automatic scanning',
+    )
+    parser.add_argument(
+        '--verbose', '-v',
+        action='store_true',
+        default=False,
+        help='produce detailed output',
+    )
+    parser.add_argument(
+        'series',
+        help='the name of the release series to work on'
+    )
+    args = parser.parse_args()
+
+    deliverables_dir = os.path.join(args.releases_repo, 'deliverables')
+    if not os.path.exists(deliverables_dir):
+        parser.error('{} does not exist'.format(deliverables_dir))
+
+    pattern = os.path.join(deliverables_dir,
+                           args.series, '*.yaml')
+    if args.verbose:
+        print('Scanning {}'.format(pattern))
+    deliverable_files = sorted(glob.glob(pattern))
+
+    for filename in deliverable_files:
+        if args.verbose:
+            print('\n{}'.format(filename))
+        with open(filename, 'r') as f:
+            deliverable_data = yaml.safe_load(f)
+        releases = deliverable_data.get('releases')
+        if not releases:
+            if args.verbose:
+                print('#  no releases')
+            continue
+        latest_release = releases[-1]
+        projects = latest_release.get('projects')
+        if not projects:
+            if args.verbose:
+                print('#  no projects')
+            continue
+        for p in latest_release['projects']:
+            print('{} {}'.format(p['repo'], latest_release['version']))
diff --git a/setup.cfg b/setup.cfg
index 6b8e5a9..ebbe017 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -38,3 +38,4 @@ console_scripts =
     batch-stable-branches = releasetools.cmds.batch_create_stable_branches:main
     update-reviews = releasetools.cmds.update_reviews:main
     propose-final-releases = releasetools.cmds.propose_final_releases:main
+    latest-deliverable-versions = releasetools.cmds.latest_deliverable_versions:main