Custom Truck One Source Inc (CTOS) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Custom Truck One Source Inc $12.82, price $9.51, upside +34.8%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Custom Truck One Source Inc for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $3.11 – $11.97 · fair‑value band $6.96 – $18.68 · the $9.51 price screens below the $12.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow Custom Truck One Source in your weekly email
Every Wednesday you see whether Custom Truck One Source 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.
Custom Truck One Source, Inc. provides specialty equipment rental and sale services to electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada.
Show more
Custom Truck One Source, Inc. provides specialty equipment rental and sale services to electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada. It operates through two segments: Specialty Equipment Rentals (SER); and Specialty Truck Equipment and Manufacturing (STEM). The company owns new and used specialty equipment, including truck-mounted aerial lifts, cranes, service trucks, dump trucks, trailers, digger derricks, and other machinery and equipment. It offers new equipment for sale to be used for end-markets, which can be modified to meet customers specific needs. In addition, the company provides truck and equipment maintenance and repair services; and rents and sells specialized tools, including stringing blocks, insulated hot stick, and rigging equipment, as well as sale of specialized aftermarket parts. The company was formerly known as Nesco Holdings, Inc. and changed its name to Custom Truck One Source, Inc. in April 2021. The company was founded in 1988 and is headquartered in Kansas City, Missouri.
Stock analysis
Custom Truck One Source Inc (CTOS) currently trades at $9.51, while our model-based Fair Value estimate is $12.82, implying the stock looks roughly 25.8% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of $3.49 per share, and 1 of the 4 models we run sit above the $9.51 price.
Bear case: the Asset-Based group reads lowest at $2.38, and 3 of the 4 models stay below the price. Evidence for this calculation is medium.
Scenario range: $6.96 (bear) to $18.68 (bull), the price of $9.51 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.
Custom Truck One Source Inc reported revenue of $1.9B in FY2025 versus $1.2B in FY2021, a compound +13.6%/yr. Reported net income was −$31.1M in FY2025.
Key figures
Market cap $2.4B · P/S ratio 1.19 · EPS (TTM) $−0.0800 · Net margin −1.6% · Return on equity −2.2% · Return on assets (EBIT) 3.5% · Operating margin 7.7% · Revenue (TTM) $2.0B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 78% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −13% fair-value upside, at 35%, CTOS screens cheaper than that median.
Fair Value models
Bear $6.96Fair Value $12.82Bull $18.68
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.9%
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.
+7.3%
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.
+45.1%
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.
+29.7%
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
5.7% (2020) → 7.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Custom Truck One Source Inc with another stock
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.Rental & Leasing Services · 93 stocks
P/B2.91× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Custom Truck One Source Inc Fair Value". https://www.fairvalue-calculator.com/stock/CTOS
Frequently asked questions
Is Custom Truck One Source Inc (CTOS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $12.82 versus a price of $9.51, about +35% upside (undervalued).
What is the fair value of CTOS?
Our model-based fair value for Custom Truck One Source Inc is $12.82 (as of Sep 24, 2026), built from audited fundamentals. The current price: $9.51.
What is the quality score of CTOS?
Custom Truck One Source Inc 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 Custom Truck One Source Inc (CTOS)?
Our model-based price target is the fair value of $12.82 (as of Sep 24, 2026) from 4 valuation models. Cautious scenario $6.96, optimistic scenario $18.68. It is a calculation from audited fundamentals, not an analyst target.
What is the Custom Truck One Source Inc stock forecast for 2026?
Our models put fair value at $12.82, about +35% upside versus a price of $9.51 (undervalued). Cautious scenario $6.96, optimistic scenario $18.68. The calculation is refreshed regularly with new filings.
What is the revenue of Custom Truck One Source Inc (CTOS)?
Custom Truck One Source Inc reported trailing-twelve-month revenue of about $2.0B (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Custom Truck One Source Inc (CTOS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Custom Truck One Source Inc it is $12.82 per share (as of Sep 24, 2026), against a price of $9.51. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Custom Truck One Source Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CTOS trades below its calculated fair value: price $9.51, fair value $12.82, a gap of about +35% (undervalued). 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 CTOS?
No. The price is what the market pays today ($9.51); the fair value is what the company's own numbers justify ($12.82). For Custom Truck One Source Inc the two are $3.31 per share apart. That gap is exactly why we show both numbers side by side.
How much is Custom Truck One Source Inc worth?
The market values Custom Truck One Source Inc at about $2.4B (market capitalisation, as of Sep 24, 2026). Per share that is $9.51; our models calculate a fair value of $12.82 per share.
What do the bullish and bearish scenarios say about CTOS?
Our models span a range for Custom Truck One Source Inc: cautious scenario $6.96, base $12.82, optimistic $18.68 per share (as of Sep 24, 2026, price $9.51). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Custom Truck One Source Inc (CTOS)?
Balance-sheet figures for Custom Truck One Source Inc (as of Sep 24, 2026): return on equity −2.2%, debt of 2.00 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is CTOS from its 52-week high?
Custom Truck One Source Inc trades at $9.51, about 21% below its 52-week high of $11.97 and 78% above the low of $5.34 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $12.82 is for.
Which stocks are comparable to Custom Truck One Source Inc?
From the same area (Industrials) we also value United Rentals, Inc, Sunbelt Rentals Holdings, AerCap Holdings, U-Haul 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 Custom Truck One Source Inc stock attractive at the current price?
The data as of Sep 24, 2026: price $9.51, calculated fair value $12.82 (+35%), Quality Score 37/100, from 4 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 CTOS calculated?
We run Custom Truck One Source Inc through 4 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 $12.82, 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 14.1 % above its aggregate fair value. Custom Truck One Source Inc currently trades 35 % below its own fair value, and the market average says nothing about that. 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 Custom Truck One Source Inc (CTOS)?
The closing price on Sep 23, 2026 was $9.51. Our model-based fair value is $12.82, about +35% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Custom Truck One Source Inc right now?
The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide ($6.96 to $18.68). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Custom Truck One Source Inc
How large is the market capitalisation of Custom Truck One Source Inc (CTOS)?
The market capitalisation of Custom Truck One Source Inc is $2.4B. 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 Custom Truck One Source Inc (CTOS)?
The price-to-sales ratio of Custom Truck One Source Inc is 1.19 (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 Custom Truck One Source Inc (CTOS)?
Earnings per share at Custom Truck One Source Inc are $−0.0800. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Custom Truck One Source Inc (CTOS)?
The net margin of Custom Truck One Source Inc is −1.6% (fiscal year 2025). 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 Custom Truck One Source Inc (CTOS)?
The return on equity (ROE) of Custom Truck One Source Inc is −2.2% (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 Custom Truck One Source Inc (CTOS)?
On an EBIT basis the return on assets of Custom Truck One Source Inc is 3.5% (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 Custom Truck One Source Inc (CTOS)?
The operating margin of Custom Truck One Source Inc is 7.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Custom Truck One Source Inc (CTOS)?
Revenue at Custom Truck One Source Inc is growing +9.3% versus a year earlier (3y avg +7.3%). 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 Custom Truck One Source Inc (CTOS)?
Earnings per share at Custom Truck One Source Inc are growing −26.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Custom Truck One Source Inc (CTOS) generate?
The free cash flow of Custom Truck One Source Inc is −$108M (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 Custom Truck One Source Inc (CTOS) carry?
The net debt of Custom Truck One Source Inc is $2.4B (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 Custom Truck One Source Inc in the live analysis
One click puts Custom Truck One Source Inc on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Some data
Sep 24, 2026