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Wabash National Corporation (WNC) Fair Value & Analysis

Industrials · US · Market cap $533M

WN Wabash National Corporation logo Wabash National Corporation WNC · US
Price$12.93
Fair Value$12.94
Upside+0.1%
Quality59/100
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Weak Growth
Loss-making · -4.4% net margin
Moderate debt · negative free cash flow
2.54% dividend yield
Mixed vs. peers (6/13)
Narrow moat 13/100
Evidence: High Range $8.41 – $18.11 Share as image

Fair value as of: Jul 25, 2026

From 17 valuation models · updated 16 days ago

Fair value updated Jul 25, 2026, revised from $12.91 to $12.94 (+0.2%) since Jun 25, 2026. Share price +5.4% over the past month.

A solid business, 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 ($8.41 to $18.11) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$28.31 $6.68 Fair Value $12.94 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 25, 2026.

How to read this chart

60‑month range $6.68 – $28.31 · fair‑value band $8.41 – $18.11 · the $12.93 price screens below the $12.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 25, 2026.

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Analysis

Wabash National Corporation (WNC) currently trades at $12.93, while our model-based Fair Value estimate is $12.94, implying the stock looks roughly 0.1% fairly valued today. The Quality Score stands at 59/100 (solid 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, Wabash National Corporation generated revenue of $1.5B at a net margin of -4.4%. Revenue declined 20.4% year over year. It earns a return on equity of -17.8%. Net debt stands at $411M. Fundamentals as of Jul 25, 2026

Our scenario range runs from $8.41 (bear case) to $18.11 (bull case); at $12.93, 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 5% below its 52-week high and 95% 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 0%, WNC 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
Residual Income $48.86 $102.00 $3,315 76
ROIC Compounder $41.35 $51.24 $61.43 72
Gordon GGM $2.63 $4.74 $6.53 70
All 17 models by family
DCF Models
Owner Earnings $45.60 $68.81 $99.09 31
Earnings-Based
Graham-Dodd $35.35 $102.17 $134.84 54
Lynch FV $21.11 $30.15 $39.20 50
PEG = 1.0 $21.11 $30.15 $39.20 46
EPV $38.98 $45.67 $51.25 59
Dividend Discount
Gordon GGM $2.63 $4.74 $6.53 70
DDM Multi-Stage $2.63 $3.97 $5.07 61
Multiples
P/E Multiple $81.88 $109.17 $136.47 63
P/S Multiple $56.89 $75.86 $94.82 58
P/B Multiple $30.48 $40.64 $50.80 55
EV/EBIT $90.54 $124.09 $157.63 53
EV/EBITDA $80.94 $111.28 $141.63 54
EV/Revenue $37.69 $58.17 $78.65 43
Asset-Based
NCAV (Graham) $4.52 $6.05 $9.03 50
Economic Profit
Residual Income $48.86 $102.00 $3,315 76
ROIC Compounder $41.35 $51.24 $61.43 72
Growth Earnings
Growth-Adj P/E $66.03 $94.33 $122.63 68

Widest divergence: Growth Earnings ($94.33) versus Dividend Discount ($3.97). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) $1.5B
Revenue growth (YoY) -20.4%
Net margin -4.4%
Return on equity -17.8%
Free cash flow −$13.0M FY2025
Operating margin -17.5%
More key figures
EPS (TTM) $-1.43
Dividend yield 2.5%
EPS growth (YoY) +1,274%
Net debt $411M FY2025

Figures from reported company fundamentals · as of Jul 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 59 · Market factors (momentum, volatility) 62

Profitability 74
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 15
Calm price path (market factor)
Momentum 82
Price trend over the last 3–12 months (market factor)
52W Momentum 80
Distance to the 52-week high (market factor)
Net Issuance 100
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

Wabash National Corporation manufactures engineered solutions and services for transportation, logistics and infrastructure industry in the United States. The company operates in two segments, Transportation Solutions and Parts & Services.

Full company description

Wabash National Corporation manufactures engineered solutions and services for transportation, logistics and infrastructure industry in the United States. The company operates in two segments, Transportation Solutions and Parts & Services. It offers dry van trailers, platform trailers, refrigerated trailers, stainless steel and aluminum tank trailers, and used trailors; dry freight truck bodies, cargo bodies, insulated and light-duty acutherm refrigerated truck bodies, and platform truck bodies; and laminated hardwood oak flooring. The company also provides aftermarket parts and services; steel flatbed bodies, truck body mounting, shelving for package delivery, partitions, roof racks, hitches, thermal solutions, liftgates, and other; door repair and replacement, collision repair, and basic maintenance; stainless steel storage tanks and silos, mixers, and processors for the dairy, food and beverage, pharmaceutical, chemical, craft brewing, and biotech end markets; and truck bodies, overhead doors, and other industrial applications. In addition, it offers maintenance and repair services for tank trailers and other related equipment; direct-line access to truck body repair parts; and trailers as a service, as well as develops and scales a digital marketplace for the transportation and logistics distribution industry. The company offers its products under the Wabash, MaxClearance, Trust Lock Plus, EZ-7, Lock-Rite, EZ-Adjust, DuraPlate, DuraPlateHD, DuraPlate AeroSkirt, and AeroSkirt CX brands, and EcoNex brand. Wabash National Corporation was founded in 1985 and is headquartered in Lafayette, Indiana.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wabash National Corporation reported revenue of $1.5B in FY2025 versus $1.8B in FY2021, a compound −3.8%/yr. Reported net income was $211M in FY2025, compounding +267.1%/yr from FY2021.

Growth Quality 21/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$1.5B
Latest YoY
−20.8%
Avg. growth/yr (3Y)
−14.9%
Avg. growth/yr (5Y)
+0.8%
Avg. growth/yr (35Y)
+6.5%
Revenue −3.8%/yr
FY21 $1.8B
FY22 $2.5B
FY23 $2.5B
FY24 $1.9B
FY25 $1.5B
Net income +267.1%/yr
FY21 $1.2M
FY22 $112M
FY23 $231M
FY24 −$284M
FY25 $211M

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Cite: Fair Value Calculator (2026). "Wabash National Corporation Fair Value". https://www.fairvalue-calculator.com/stock/WNC

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 59 · Above median
Fair Value upside +0% · Above median
Return on assets -2% · Bottom 25%
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) -18% · Bottom 25%
Revenue growth -20% · Bottom 25%
Dividend yield (TTM) 2.5% · Above median
Debt / equity 1.21× · Higher than 75% of peers

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

P/B 1.45× · Cheaper than median
P/S (TTM) 0.36× · Cheaper than 75% of peers
EV/EBITDA 74.2× · Pricier than 75% of peers
PEG 0.73× · Cheaper 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 33 · sector 22
FUTURE 0 · sector 30
PAST 0 · sector 32
HEALTH 40 · sector 93
DIVIDEND 51 · sector 40

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 25, 2026).

Stock Price Fair Value vs Fair Value
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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 Wabash National Corporation (WNC) overvalued or undervalued?
As of Jul 25, 2026, our model estimates a fair value of $12.94 versus a price of $12.93, about +0% (fairly valued).
What is the fair value of WNC?
Our model-based fair value for Wabash National Corporation is $12.94 (as of Jul 25, 2026), built from audited fundamentals. The current price is $12.93.
What is the quality score of WNC?
Wabash National Corporation has a Quality Score of 59/100. 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 Wabash National Corporation (WNC)?
Wabash National Corporation reported trailing-twelve-month revenue of about $1.5B (latest available figure, as of Jul 25, 2026).
What is the net profit margin of WNC?
The net profit margin of Wabash National Corporation is about -4.4%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Wabash National Corporation pay a dividend?
Wabash National Corporation currently shows a dividend yield of about 2.54% relative to its recent price (as of Jul 25, 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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