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Oshkosh Corporation (OSK) Fair Value & Analysis

Industrials · US · Market cap $9.0B

OC Oshkosh Corporation logo Oshkosh Corporation OSK · US
Price$155.26
Fair Value$170.47
Upside+9.8%
Quality41/100
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Mixed Growth
Thin margins · 5.5% net margin
Low debt · generates free cash flow
1.43% dividend yield
Mixed vs. peers (6/15)
Narrow moat 44/100
Evidence: High Range $96.68 – $231.53 Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 22 days ago

Share price +10.9% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range ($96.68 to $231.53) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$177.16 $65.88 Fair Value $170.47 May 2021 Aug 2026

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 $65.88 – $177.16 · fair‑value band $96.68 – $231.53 · the $155.26 price screens below the $170.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Oshkosh Corporation (OSK) currently trades at $155.26, while our model-based Fair Value estimate is $170.47, implying the stock looks roughly 9.8% fairly valued today. The Quality Score stands at 41/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Oshkosh Corporation generated revenue of $10.4B at a net margin of 5.5%. Revenue grew 0.2% year over year. It earns a return on equity of 13.3%. Net debt stands at $1.1B. Fundamentals as of Jul 19, 2026

Our scenario range runs from $96.68 (bear case) to $231.53 (bull case); at $155.26, the current price sits within 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 13% below its 52-week high and 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 12% fair-value upside, at 10%, OSK screens richer 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $103.67 $171.79 $275.69 80
Residual Income $70.21 $89.51 $230.57 76
Rev-Margin DCF $116.40 $203.90 $310.14 74
All 26 models by family
DCF Models
FCF DCF $103.33 $174.85 $286.29 38
Owner Earnings $125.16 $210.46 $343.38 31
5Y Revenue Exit $116.40 $205.40 $322.75 39
5Y EBITDA Exit $139.88 $251.34 $386.29 41
5Y P/E Exit $125.59 $223.37 $330.31 38
10Y Revenue Exit $106.22 $186.48 $301.90 36
10Y EBITDA Exit $125.36 $218.44 $351.35 37
10Y P/E Exit $116.29 $198.98 $307.78 35
Earnings-Based
Graham-Dodd $70.56 $269.07 $364.41 54
Lynch FV $65.45 $93.49 $121.54 50
PEG = 1.0 $65.45 $93.49 $121.54 46
EPV $99.94 $117.29 $132.26 59
Dividend Discount
Gordon GGM $18.37 $36.60 $55.42 70
DDM Multi-Stage $18.37 $31.63 $38.63 61
Multiples
P/E Multiple $163.43 $217.91 $272.39 63
P/S Multiple $132.30 $176.40 $220.50 58
P/B Multiple $132.30 $176.40 $220.50 55
EV/EBIT $183.33 $247.76 $312.18 53
EV/EBITDA $177.80 $240.39 $302.97 54
EV/Revenue $128.00 $187.12 $246.24 43
Asset-Based
NCAV (Graham) $36.33 $48.68 $72.66 50
Growth DCF
Growth DCF $103.67 $171.79 $275.69 80
Rev-Margin DCF $116.40 $203.90 $310.14 74
Economic Profit
Residual Income $70.21 $89.51 $230.57 76
ROIC Compounder $108.02 $143.40 $188.98 72
Growth Earnings
Growth-Adj P/E $119.13 $170.19 $221.24 68

Widest divergence: DCF Models ($205.40) versus Dividend Discount ($31.63). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $10.4B
Revenue growth (YoY) +0.2%
Net margin 5.5%
Return on equity 13.3%
Free cash flow $618M FY2025
P/E ratio 16.3
More key figures
Operating margin 3.6%
EPS (TTM) $8.79
Dividend yield 1.4%
EPS growth (YoY) -60.5%
Net debt $1.1B FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 44 · Market factors (momentum, volatility) 46

Profitability 49
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Vocational, and Transport segment.

Full company description

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Vocational, and Transport segment. The Access segment designs and manufactures aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides financing and leasing solutions, including rental fleet loans, leases, and floor plan and retail financing. This segment also offers equipment installation and sale of chassis and service parts, as well as offers parts and accessories. The Transport segment engages in the manufacture and sale of heavy, medium, and light tactical wheeled vehicles and related services for defense; and hauling combat vehicles, missile systems, ammunition, fuel, and troops and cargos. The Vocational segment offers custom and commercial firefighting equipment, fire apparatus, and emergency vehicles, including pumpers, aerial platform, ladder and tiller trucks, and tankers; light, medium, and heavy-duty rescue vehicles; and wildland rough terrain response other emergency response vehicles. This segment also produces and sells aircraft rescue and firefighting vehicles; airport ground support equipment; baggage, airport facility and operations, and equipment-monitoring technology services; refuse and recycling collection vehicles and components; and IMT-branded field service vehicles and truck-mounted cranes, frontline communications-branded simulators, command vehicles and other communication vehicles, and front-discharge concrete mixer vehicles. The company sells its products through direct sales representatives, dealers, and distributors. The company was formerly known as Oshkosh Truck Corporation. Oshkosh Corporation was founded in 1915 and is headquartered in Oshkosh, Wisconsin.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Oshkosh Corporation reported revenue of $10.4B in FY2025 versus $7.7B in FY2021, a compound +7.7%/yr. Reported net income was $647M in FY2025, compounding +8.2%/yr from FY2021.

Growth Quality 72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$10.4B
Latest YoY
−2.9%
Avg. growth/yr (3Y)
+8.0%
Avg. growth/yr (5Y)
+8.7%
Avg. growth/yr (40Y)
+9.2%
Revenue +7.7%/yr
FY21 $7.7B
FY22 $8.3B
FY23 $9.7B
FY24 $10.7B
FY25 $10.4B
Net income +8.2%/yr
FY21 $473M
FY22 $174M
FY23 $598M
FY24 $681M
FY25 $647M

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Cite: Fair Value Calculator (2026). "Oshkosh Corporation Fair Value". https://www.fairvalue-calculator.com/stock/OSK

Earlier news

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

Peer Group

Farm & Heavy Construction Machinery · 148 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.

Quality Score 41 · Bottom 25%
Fair Value upside +10% · Above median
Return on equity (TTM) 13% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 6% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 0% · Below median
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.24× · Higher than median

Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper

P/E (TTM) 16.3× · Cheaper than median
P/B 1.98× · Pricier than median
P/S (TTM) 0.86× · Cheaper than median
P/FCF 14.5× · Pricier than 75% of peers
EV/EBITDA 8.8× · Cheaper than median
PEG 6.51× · Pricier than 75% of peers

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 46 · sector 22
FUTURE 1 · sector 30
PAST 53 · sector 32
HEALTH 88 · sector 93
DIVIDEND 29 · sector 40

Insider activity: 46/100

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CAT $952.41 $307.83 -68%
Deere & Company DE $597.24 $187.86 -69%
AB Volvo (publ), VOLVA kr 336.60 kr 288.08 -14%
PACCAR Inc PCAR $126.20 $94.80 -25%
Epiroc AB EPIA kr 251.90 kr 144.14 -43%
Exor N.V EXO €69.40 €219.41 +216%
Sany Heavy Industry Co 600031 ¥18.65 ¥20.84 +12%
XCMG Construction Machinery Co 000425 ¥8.39 ¥11.79 +41%
Sinotruk (Hong Kong) Limited 3808 HK$41.00 HK$53.51 +31%
Yutong Bus Co 600066 ¥32.29 ¥42.00 +30%

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Frequently asked questions

Is Oshkosh Corporation (OSK) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of $170.47 versus a price of $155.26, about +10% (fairly valued).
What is the fair value of OSK?
Our model-based fair value for Oshkosh Corporation is $170.47 (as of Jul 19, 2026), built from audited fundamentals. The current price is $155.26.
What is the quality score of OSK?
Oshkosh Corporation has a Quality Score of 41/100. 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 revenue of Oshkosh Corporation (OSK)?
Oshkosh Corporation reported trailing-twelve-month revenue of about $10.4B (latest available figure, as of Jul 19, 2026).
What is the net profit margin of OSK?
The net profit margin of Oshkosh Corporation is about 5.5%, meaning it keeps roughly 5.5% of revenue as net income. Based on the latest reported figures.
Does Oshkosh Corporation pay a dividend?
Oshkosh Corporation currently shows a dividend yield of about 1.57% relative to its recent price (as of Jul 19, 2026).

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.

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