Marten Transport, Ltd (MRTN) Fair Value & Analysis

Industrials · US · Market cap $1.4B

Below-average quality, and screening another 56% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case ($8.28). The favourable scenario is already priced in.
• Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range $9.28 – $22.04 · fair‑value band $4.98 – $8.28 · the $14.95 price screens above the $6.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

Marten Transport, Ltd (MRTN) currently trades at $14.95, while our model-based Fair Value estimate is $6.62, implying the stock looks roughly 55.7% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Marten Transport, Ltd generated revenue of $864M at a net margin of 1.7%. Revenue declined 8.8% year over year. It earns a return on equity of 1.9%. The balance sheet holds a net cash position of $42.9M. Fundamentals as of Jul 19, 2026

Our scenario range runs from $4.98 (bear case) to $8.28 (bull case); at $14.95, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 19% below its 52-week high and 62% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -70% fair-value upside, at -56%, MRTN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Asset-Based ($6.30) versus Economic Profit ($1.13). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Mexico, and Canada. It operates through Truckload, Dedicated, and Brokerage segments.

Full company description

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Mexico, and Canada. It operates through Truckload, Dedicated, and Brokerage segments. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services. The Dedicated segment offers customized transportation solutions for individual customers' requirements using temperature-controlled trailers, dry vans, and other specialized equipment. The Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for customers in temperature-controlled trailers and dry vans. As of December 31, 2025, the company operated a fleet of 2,654 tractors that included 2,577 company-owned tractors and 77 tractors supplied by independent contractors. Marten Transport, Ltd. was founded in 1946 and is headquartered in Mondovi, Wisconsin.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Marten Transport, Ltd reported revenue of $884M in FY2025 versus $974M in FY2021, a compound −2.4%/yr. Reported net income was $17.4M in FY2025, compounding −32.8%/yr from FY2021.

MRTN screens 56% overvalued. Compare with Old Dominion Freight Line, Inc →

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

• Marten Transport’s Q2: Reefer market on the rise Yahoo Finance · Jul 24, 2026
• Marten Transport, Ltd. (MRTN) Q2 Earnings Meet Estimates Yahoo Finance · Jul 23, 2026

Peer Group

Trucking · 47 stocks

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.

Valuation Multiples vs Trucking median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.