Landstar System Inc (LSTR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Landstar System Inc stock $94.69, price $143, that is 33.9% below the price, quality 74 out of 100. Rating: overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
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 7, 2026.
How to read this chart
60‑month range $117.83 – $224.86 · fair‑value band $69.32 – $120.07 · the $143.34 price screens above the $94.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Landstar System, Inc. provides transportation management solutions in the United States, Canada, Mexico, and internationally. It operates in two segments, Transportation Logistics and Insurance.
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The Transportation Logistics segment offers a range of transportation services, including truckload, less-than-truckload and other truck transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, hazardous materials, cold chain/temperature-controlled, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage services, as well as transportation services to other transportation companies, such as third party logistics and less-than-truckload service providers.
This segment serves the automotive parts and assemblies, consumer durables, building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, military equipment and general commodities industries.
The Insurance segment provides risk and claims management services; and reinsures risks of its independent contractors. The company markets its services through a network of agents, third party capacity providers, and employees.
Landstar System, Inc. was founded in 1988 and is headquartered in Jacksonville, Florida.
Stock analysis
Landstar System Inc (LSTR) currently trades at $143.34, while our model-based Fair Value estimate is $94.69, 34% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $95.21 per share, and 0 of the 25 models we run sit above the $143.34 price.
Bear case: the Asset-Based group reads lowest at $11.08, and 25 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: $69.32 (bear) to $120.07 (bull), the price of $143.34 sits above 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 74/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Landstar System Inc reported revenue of $4.7B in FY2025 versus $6.5B in FY2021, a compound −7.7%/yr. Reported net income was $115M in FY2025, compounding −25.9%/yr from FY2021.
Key figures
Market cap $4.9B Mid · P/E ratio 37.1 · P/S ratio 0.97 · EPS (TTM) $3.86 · Dividend yield 1.1% · Net margin 2.6% · Return on equity 15.0% · Return on assets (EBIT) 19.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (medium confidence).
What moves the price
The share trades about 36% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −34%, LSTR screens cheaper than that median.
Fair Value models
Bear$69.32Fair Value $94.69Bull$120.07
Price $143.34 · Downside -33.9%
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 ($1.93 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.
Best data coverage
FCF DCF$75.70$105.50$147.2478
Growth DCF$77.15$104.22$140.2577
Owner Earnings$58.62$80.71$111.6575
All 25 models by family
DCF Models
FCF DCF$75.70$105.50$147.2478
Owner Earnings$58.62$80.71$111.6575
5Y Revenue Exit$61.21$85.40$115.1171
5Y EBITDA Exit$68.58$98.72$132.5573
5Y P/E Exit$63.70$89.91$116.2269
10Y Revenue Exit$64.86$87.43$115.4766
10Y EBITDA Exit$70.68$96.33$128.0967
10Y P/E Exit$67.68$90.45$116.2763
Earnings-Based
Graham-Dodd$23.04$59.84$78.0163
PEG = 1.0$11.34$16.20$21.0655
EPV$45.83$51.56$56.5074
Dividend Discount
Gordon GGM$32.37$62.23$98.1664
DDM Multi-Stage$32.37$48.91$66.0164
Multiples
P/E Multiple$53.37$71.17$88.9663
P/S Multiple$43.21$57.61$72.0158
P/B Multiple$75.75$101.00$126.2455
EV/EBIT$71.65$92.95$114.2466
EV/EBITDA$69.94$90.67$111.4067
EV/Revenue$53.36$72.90$92.4454
Asset-Based
NCAV (Graham)$7.31$11.08$13.8554
Growth DCF
Growth DCF$77.15$104.22$140.2577
Rev-Margin DCF$61.21$86.19$113.8471
Economic Profit
Residual Income$22.84$27.45$35.8774
ROIC Compounder$47.52$55.67$64.2770
Growth Earnings
Growth-Adj P/E$41.61$59.44$77.2765
The fair value above starts from this blend and is adjusted for a cyclical trough year.
In the last 6 months, one officer or director bought shares worth $714,619, on Oct 30, 2026. Over the same period, 2 people sold shares worth $2.8M.
BuyFrank A LonegroPresident & CEO, Director5,000 shares at $142.92$714,619Oct 30, 2026
SaleJames P ToddVP and CFO1,200 shares at $218.17$261,804Jun 15, 2026
SaleDiana M MurphyDirector11,246 shares at $221.28$2.5MJun 5, 2026
Plus one other filing such as a grant, option exercise or tax withholding. It is not a market purchase or sale.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−1.9%
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.
−13.9%
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.
+2.8%
Start year 2020 (pandemic). Over 10 years: +3.6% a year
Revenue growth 32 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.
+5.8%
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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. Basis: adjusted.
−6.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.3%
Dividend (yield on the price)1.1%
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.−10.4% vs 0.2%, slowing
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.6% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+9.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+11.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +7.3% a year for the price and +9.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 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.Positive
Recent news coverage is more positive than average.
AI conclusion: The asset-light brokerage model supports solid results in heavy haul and specialized equipment, yet higher insurance and claims costs in a tougher legal setting weigh on margins.
Main risk: A tougher legal setting increases insurance and claims costs for the asset-light network, hitting margins.
Landstar runs an asset-light brokerage that links shippers to a network of independent carriers and agents. This model fuels solid results in heavy haul and specialized equipment yet brings higher insurance and claims costs in a tougher legal setting. Our models see the shares as overvalued. Will strength in those niches offset the cost headwinds or will margins keep facing pressure?
Price, fair value, quality and upside side by side.
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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.Integrated Freight & Logistics · 210 stocks
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). "Landstar System Inc Fair Value". https://www.fairvalue-calculator.com/stock/LSTR
Frequently asked questions
Is Landstar System Inc (LSTR) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $94.69 versus a price of $143.34, about 34% lower (overvalued).
What is the fair value of LSTR?
Our model-based fair value for Landstar System Inc is $94.69 (as of Nov 7, 2026), built from audited fundamentals. The current price: $143.34.
What is the quality score of LSTR?
Landstar System Inc has a Quality Score of 74/100. 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 Landstar System Inc (LSTR)?
Our model-based price target is the fair value of $94.69 (as of Nov 7, 2026) from 25 valuation models. Cautious scenario $69.32, optimistic scenario $120.07. It is a calculation from audited fundamentals, not an analyst target.
What is the Landstar System Inc stock forecast for 2026?
Our models put fair value at $94.69, about 34% lower versus a price of $143.34 (overvalued). Cautious scenario $69.32, optimistic scenario $120.07. The calculation is refreshed regularly with new filings.
What is the revenue of Landstar System Inc (LSTR)?
Landstar System Inc reported trailing-twelve-month revenue of about $5.0B (latest available figure, as of Nov 7, 2026).
Does Landstar System Inc pay a dividend?
Landstar System Inc currently shows a dividend yield of 1.12% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Landstar System Inc (LSTR) and when is the ex-dividend date?
Landstar System Inc pays a dividend of $1.60 per share a year, a dividend yield of 1.1%. The last ex-dividend date was Aug 18, 2026. A dividend has been paid every year since at least 2005. The payout ratio is 34.7% of earnings (on adjusted earnings, reported 41.5%). Free cash flow covers the dividend 3.96 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Landstar System Inc (LSTR)?
For today's price to be fair in a discounted-cash-flow model, Landstar System Inc would have to grow free cash flow by +9.9 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.8 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of LSTR use?
Our models discount Landstar System Inc at 9.5 %: a base by market capitalisation (mid), damped by beta 0.89, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Landstar System Inc that is +9.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has Landstar System Inc (LSTR) delivered so far?
Over the past 5 years revenue at Landstar System Inc grew +2.8 % a year. The price currently implies free-cash-flow growth of +9.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Landstar System Inc (LSTR) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Landstar System Inc (+9.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Landstar System Inc (LSTR)?
The free-cash-flow yield on the price is 4.42 %: that much free cash flow Landstar System Inc produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Landstar System Inc (LSTR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Landstar System Inc it is $94.69 per share (as of Nov 7, 2026), against a price of $143.34. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Landstar System Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, LSTR trades above its calculated fair value: price $143.34, fair value $94.69, a gap of about −34% (overvalued). 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 LSTR?
No. The price is what the market pays today ($143.34); the fair value is what the company's own numbers justify ($94.69). For Landstar System Inc the two are $48.65 per share apart. That gap is exactly why we show both numbers side by side.
How much is Landstar System Inc worth?
The market values Landstar System Inc at about $4.9B (market capitalisation, as of Nov 7, 2026). Per share that is $143.34; our models calculate a fair value of $94.69 per share.
What do the bullish and bearish scenarios say about LSTR?
Our models span a range for Landstar System Inc: cautious scenario $69.32, base $94.69, optimistic $120.07 per share (as of Nov 7, 2026, price $143.34). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LSTR?
Landstar System Inc trades at a price-to-earnings ratio of 37.1 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $94.69 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 35.7 (reported for FY2025: 42.6). Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2023, FY2025 ex one-offs: 24.0. Other multiples: PEG 0.9, P/B 6.1, P/S 1.0, EV/EBITDA 18.5.
What is the PEG ratio of LSTR?
The PEG ratio of Landstar System Inc is 0.91 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Landstar System Inc (LSTR)?
Balance-sheet figures for Landstar System Inc (as of Nov 7, 2026): return on equity 15.0%, debt of 0.08 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is LSTR from its 52-week high?
Landstar System Inc trades at $143.34, about 36% below its 52-week high of $224.86 and 20% above the low of $119.03 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $94.69 is for.
Which stocks are comparable to Landstar System Inc?
From the same area (Industrials) we also value United Parcel Service, Inc, Deutsche Post AG, FedEx Corporation, DSV A/S, 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 Landstar System Inc stock attractive at the current price?
The data as of Nov 7, 2026: price $143.34, calculated fair value $94.69 (−34%), Quality Score 74/100, from 25 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 LSTR calculated?
We run Landstar System Inc through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $94.69 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Landstar System Inc 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 Landstar System Inc (LSTR)?
The closing price on Nov 6, 2026 was $143.34. Our model-based fair value is $94.69, about 34% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Landstar System Inc right now?
The price sits above even our optimistic bull case ($120.07). The favourable scenario is already priced in. Solid but not exceptional quality (74/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Landstar System Inc (LSTR) come from?
Earnings per share at Landstar System Inc grew +5.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.4 %, EBIT margin −3.6 %, tax rate +2.3 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Landstar System Inc
How large is the market capitalisation of Landstar System Inc (LSTR)?
The market capitalisation of Landstar System Inc is $4.9B. 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 Landstar System Inc (LSTR)?
The price-to-sales ratio of Landstar System Inc is 0.97 (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 Landstar System Inc (LSTR)?
Earnings per share at Landstar System Inc are $3.86 (price ÷ EPS = P/E 37.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Landstar System Inc (LSTR)?
The dividend yield of Landstar System Inc is 1.1% (payout 34.7%, on adjusted earnings, reported 41.5%). 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 Landstar System Inc (LSTR)?
The net margin of Landstar System Inc is 2.6% (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 Landstar System Inc (LSTR)?
The return on equity (ROE) of Landstar System Inc is 15.0% (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 Landstar System Inc (LSTR)?
On an EBIT basis the return on assets of Landstar System Inc is 19.5% (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 Landstar System Inc (LSTR)?
The operating margin of Landstar System Inc is 4.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Landstar System Inc (LSTR)?
Revenue at Landstar System Inc is growing +18.1% versus a year earlier (3y avg −13.9%). 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 Landstar System Inc (LSTR)?
Earnings per share at Landstar System Inc are growing +20.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Landstar System Inc (LSTR) hold?
Landstar System Inc holds more cash than debt, $263M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 7, 2026