Traton SE (8TRA) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Traton SE stock €32.85, price €33.94, that is 3.2% below the price, quality 37 out of 100. Rating: fairly valued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range €10.01 – €41.28 · fair‑value band €30.71 – €41.77 · the €33.94 price screens above the €32.85 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
Follow Traton in your weekly email
Every Wednesday you see whether Traton is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Traton SE, together with its subsidiaries, manufactures and sells commercial vehicles in Germany, rest of Europe, the United States of America, rest of North America, Brazil, rest of South America, and internationally.
Show moreShow less
It operates through Scania Vehicles and Services; MAN Truck & Bus; International Motors; Volkswagen Truck & Bus; and TRATON Financial Services segments.
The company offers heavy-duty trucks; light commercial options and durable construction vehicles; school buses under the IC Bus brand; commercial buses; vans, trucks, and buses; and diesel and gas engines, as well as services for passenger and freight transport.
It provides a cloud-based platform for the transport and logistics industry under the RIO brand; after-sales services; and custom digital solutions, as well as operates charging stations for commercial vehicles.
The company offers its products and services under the MAN, Scania, International, and Volkswagen Truck & Bus brands. In addition, it finances, insures, and leases commercial vehicles. The company was founded in 2015 and is headquartered in Munich, Germany.
Traton SE is a subsidiary of Volkswagen International Luxemburg S.A.
Stock analysis
Traton SE (8TRA) currently trades at €33.94, while our model-based Fair Value estimate is €32.85, so the stock looks roughly fairly valued today (gap 3.3%).
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of €57.87 per share, and 6 of the 16 models we run sit above the €33.94 price.
Bear case: the Asset-Based group reads lowest at €6.70, and 10 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: €30.71 (bear) to €41.77 (bull), the price of €33.94 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 37/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Traton SE reported revenue of €44.1B in FY2025 versus €30.6B in FY2021, a compound +9.5%/yr. Reported net income was €1.5B in FY2025, compounding +35.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap €17.0B Large · P/E ratio 5.4 · P/S ratio 0.38 · EPS (TTM) €6.23 · Dividend yield 2.7% · Net margin 6.9% · Return on equity 16.3% · Return on assets (EBIT) 4.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 7% fair-value upside, at −3%, 8TRA screens richer than that median.
Fair Value models
Bear€30.71Fair Value €32.85Bull€41.77
Price €33.94 · Downside -3.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€4.50 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−7.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.3%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.1%
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+12.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.4%
Dividend (yield on the price)2.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.9.4% vs −1.6%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.0% → 6%
News mood ⓘNews mood, the average tone of recent news (56 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
AI conclusion: Traton shows strength in advancing electrification across truck brands with flexible battery development, yet its main weakness is negative free cash flow that limits durable advantage signals.
Main risk: Chinese makers such as BYD, Sany and Sinotruk could enter Europe with electric trucks priced up to 30 percent below European models and capture significant market share from Traton brands.
Bull case: Traton could leverage its modular electric platforms, autonomous partnerships and established service networks to deliver superior total cost of ownership and retain fleet customers despite cheaper rivals.
Bear case: If Chinese entrants gain rapid share in Europe while EU penalties mount and legal costs rise, Traton could face sustained margin erosion and slower electrification progress across its brands.
Traton pushes electrification across its truck brands with rising orders in key markets. Its R&D head recently confirmed active development of LFP battery cells alongside the prior NMC focus. This adds flexibility on cost and supply but creates trade-offs in energy density and integration. Will parallel chemistries strengthen the offering or slow scale-up?
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Farm & Heavy Construction Machinery · 143 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−3.2% · Below median
Profitability
Return on equity (12 months)16.3% · Above median
Return on assets2.3% · Below median
Net margin (12 months)6.9% · Above median
Operating margin (12 months)6.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)8.7% · Below median
Dividend yield (12 months)2.7% · Above median
Balance sheet
Debt / equity0.86× · Highest 25%
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Traton SE Fair Value". https://www.fairvalue-calculator.com/stock/8TRA
Frequently asked questions
Is Traton SE (8TRA) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of €32.85 versus a price of €33.94, about 3% lower (fairly valued).
What is the fair value of 8TRA?
Our model-based fair value for Traton SE is €32.85 (as of Nov 5, 2026), built from audited fundamentals. The current price: €33.94.
What is the quality score of 8TRA?
Traton SE has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Traton SE (8TRA)?
Our model-based price target is the fair value of €32.85 (as of Nov 5, 2026) from 16 valuation models. Cautious scenario €30.71, optimistic scenario €41.77. It is a calculation from audited fundamentals, not an analyst target.
What is the Traton SE stock forecast for 2026?
Our models put fair value at €32.85, about 3% lower versus a price of €33.94 (fairly valued). Cautious scenario €30.71, optimistic scenario €41.77. The calculation is refreshed regularly with new filings.
What is the revenue of Traton SE (8TRA)?
Traton SE reported trailing-twelve-month revenue of about €45.1B (latest available figure, as of Nov 5, 2026).
Does Traton SE pay a dividend?
Traton SE currently shows a dividend yield of 2.74% relative to its recent price (as of Nov 5, 2026).
What is the intrinsic value of Traton SE (8TRA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Traton SE it is €32.85 per share (as of Nov 5, 2026), against a price of €33.94. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Traton SE stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 8TRA trades above its calculated fair value: price €33.94, fair value €32.85, a gap of about −3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 8TRA?
No. The price is what the market pays today (€33.94); the fair value is what the company's own numbers justify (€32.85). For Traton SE the two are €1.09 per share apart. That gap is exactly why we show both numbers side by side.
How much is Traton SE worth?
The market values Traton SE at about €17.0B (market capitalisation, as of Nov 5, 2026). Per share that is €33.94; our models calculate a fair value of €32.85 per share.
What do the bullish and bearish scenarios say about 8TRA?
Our models span a range for Traton SE: cautious scenario €30.71, base €32.85, optimistic €41.77 per share (as of Nov 5, 2026, price €33.94). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8TRA?
Traton SE trades at a price-to-earnings ratio of 5.4 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €32.85 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2019 to 2025), reported earnings: 7.0. Other multiples: P/B 0.9, P/S 0.4, EV/EBITDA 6.1.
How solid is the balance sheet of Traton SE (8TRA)?
Balance-sheet figures for Traton SE (as of Nov 5, 2026): return on equity 16.3%, debt of 0.86 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 8TRA from its 52-week high?
Traton SE trades at €33.94, about 18% below its 52-week high of €41.28 and 26% above the low of €26.86 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of €32.85 is for.
Which stocks are comparable to Traton SE?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, PACCAR Inc, Daimler Truck Holding, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Traton SE stock attractive at the current price?
The data as of Nov 5, 2026: price €33.94, calculated fair value €32.85 (−3%), Quality Score 37/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 8TRA calculated?
We run Traton SE through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €32.85, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.0% above its aggregate fair value. Traton SE itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Traton SE (8TRA)?
The closing price on Nov 5, 2026 was €33.94. Our model-based fair value is €32.85, about 3% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Traton SE right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Traton SE
How large is the market capitalisation of Traton SE (8TRA)?
The market capitalisation of Traton SE is €17.0B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Traton SE (8TRA)?
The price-to-sales ratio of Traton SE is 0.38 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Traton SE (8TRA)?
Earnings per share at Traton SE are €6.23 (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Traton SE (8TRA)?
The dividend yield of Traton SE is 2.7% (payout 14.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Traton SE (8TRA)?
The net margin of Traton SE is 6.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Traton SE (8TRA)?
The return on equity (ROE) of Traton SE is 16.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Traton SE (8TRA)?
On an EBIT basis the return on assets of Traton SE is 4.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Traton SE (8TRA)?
The operating margin of Traton SE is 6.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Traton SE (8TRA)?
Revenue at Traton SE is growing +8.7% versus a year earlier (3y avg +3.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Traton SE (8TRA)?
Earnings per share at Traton SE are growing +417% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Traton SE (8TRA) generate?
The free cash flow of Traton SE is −€1.9B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Traton SE (8TRA) carry?
The net debt of Traton SE is €24.2B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Traton SE in the live analysis
One click puts Traton SE on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 5, 2026