Estimating The Fair Value Of Federal Signal Corporation (NYSE:FSS)
Jul 24
U.S. Construction Machinery and Vehicles Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies35
- 7D-4.2%
- 3M-2.1%
- 1Y24.6%
- YTDn/a
Over the last 7 days, the Construction Machinery and Vehicles industry has dropped 4.2%, driven by pullbacks in PACCAR and Caterpillar of 11% and 3.3%, respectively. Meanwhile, Terex actually outperformed within the industry, gaining 14% in the last week. This takes the industry's 12 month performance to a gain of 25%. As for the next few years, earnings are expected to grow by 2.1% per annum.
Industry Valuation and Performance
Has the U.S. Construction Machinery and Vehicles Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | US$322.1b | US$192.0b | US$21.0b | 15x | 15.3x | 1.7x |
| Sun, 23 Jun 2024 | US$319.5b | US$192.2b | US$21.0b | 14.1x | 15.2x | 1.7x |
| Tue, 21 May 2024 | US$338.1b | US$192.4b | US$20.7b | 15.4x | 16.4x | 1.8x |
| Thu, 18 Apr 2024 | US$344.4b | US$191.3b | US$17.9b | 15.7x | 19.3x | 1.8x |
| Sat, 16 Mar 2024 | US$328.7b | US$189.9b | US$17.7b | 15.2x | 18.5x | 1.7x |
| Mon, 12 Feb 2024 | US$311.4b | US$189.6b | US$16.8b | 15.8x | 18.5x | 1.6x |
| Wed, 10 Jan 2024 | US$289.9b | US$191.4b | US$17.2b | 13.6x | 16.9x | 1.5x |
| Fri, 08 Dec 2023 | US$266.2b | US$190.2b | US$17.1b | 14.1x | 15.6x | 1.4x |
| Sun, 05 Nov 2023 | US$251.4b | US$190.1b | US$16.8b | 13.5x | 14.9x | 1.3x |
| Tue, 03 Oct 2023 | US$271.2b | US$185.6b | US$15.4b | 15.9x | 17.6x | 1.5x |
| Thu, 31 Aug 2023 | US$277.4b | US$185.5b | US$15.4b | 16.6x | 18x | 1.5x |
| Sat, 29 Jul 2023 | US$272.4b | US$178.7b | US$14.0b | 18.4x | 19.4x | 1.5x |
| Mon, 26 Jun 2023 | US$247.3b | US$176.1b | US$13.4b | 17x | 18.5x | 1.4x |
| Wed, 24 May 2023 | US$226.1b | US$176.0b | US$13.4b | 16.1x | 16.9x | 1.3x |
| Fri, 21 Apr 2023 | US$235.0b | US$168.3b | US$12.5b | 17.6x | 18.7x | 1.4x |
| Sun, 19 Mar 2023 | US$226.5b | US$167.8b | US$12.5b | 17.5x | 18.1x | 1.3x |
| Tue, 14 Feb 2023 | US$257.5b | US$167.1b | US$12.6b | 22.2x | 20.4x | 1.5x |
| Thu, 12 Jan 2023 | US$254.1b | US$159.4b | US$12.1b | 23.2x | 21.1x | 1.6x |
| Sat, 10 Dec 2022 | US$239.3b | US$159.8b | US$12.1b | 19.2x | 19.9x | 1.5x |
| Mon, 07 Nov 2022 | US$238.7b | US$159.6b | US$12.1b | 21.3x | 19.7x | 1.5x |
| Wed, 05 Oct 2022 | US$204.0b | US$152.4b | US$11.2b | 19.3x | 18.2x | 1.3x |
| Fri, 02 Sep 2022 | US$205.2b | US$152.5b | US$11.4b | 19.5x | 18x | 1.3x |
| Sun, 31 Jul 2022 | US$221.3b | US$150.7b | US$10.8b | 18.3x | 20.4x | 1.5x |
| Tue, 28 Jun 2022 | US$205.3b | US$148.9b | US$10.8b | 17.1x | 19x | 1.4x |
| Thu, 26 May 2022 | US$220.6b | US$148.9b | US$10.8b | 17.2x | 20.4x | 1.5x |
| Sat, 23 Apr 2022 | US$228.8b | US$146.0b | US$11.4b | 18.4x | 20.1x | 1.6x |
| Mon, 21 Mar 2022 | US$239.8b | US$145.6b | US$11.5b | 20.9x | 20.9x | 1.6x |
| Wed, 16 Feb 2022 | US$235.1b | US$145.7b | US$11.7b | 20.8x | 20.2x | 1.6x |
| Fri, 14 Jan 2022 | US$253.1b | US$140.7b | US$10.4b | 23.2x | 24.4x | 1.8x |
| Sun, 12 Dec 2021 | US$234.5b | US$140.5b | US$10.3b | 24.3x | 22.7x | 1.7x |
| Tue, 09 Nov 2021 | US$246.6b | US$140.0b | US$10.3b | 24x | 24x | 1.8x |
| Thu, 07 Oct 2021 | US$225.3b | US$135.6b | US$9.6b | 23.5x | 23.5x | 1.7x |
| Sat, 04 Sep 2021 | US$240.9b | US$135.9b | US$9.2b | 24.4x | 26x | 1.8x |
| Mon, 02 Aug 2021 | US$233.5b | US$135.9b | US$9.3b | 22.7x | 25.2x | 1.7x |
Price to Earnings Ratio
25.2x
Current Industry PE
- Investors are pessimistic on the American Construction Machinery and Heavy Trucks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 15.3x which is lower than its 3-year average PE of 19.4x.
- The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Construction Machinery and Heavy Trucks industry have grown 31% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does U.S. Construction Machinery and Vehicles compare with similar industries?
| US Market | -2.42% | |
| Industrials | -1.05% | |
| Machinery | -1.63% | |
| Construction Machinery and Vehicles | -4.17% | |
| Agricultural Machinery | -0.083% | |
| Industrial Machinery | -0.40% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TEX Terex | US$65.69 | 13.8% +US$537.1m | 15.7% | PE8.6x | |
| OSK Oshkosh | US$113.67 | 4.2% +US$298.2m | 27.0% | PE10.8x | |
| FSS Federal Signal | US$96.38 | 3.3% +US$189.4m | 56.1% | PE32.4x | |
| REVG REV Group | US$27.41 | 14.7% +US$182.2m | 117.7% | PE5.9x | |
| TRN Trinity Industries | US$33.28 | 6.5% +US$166.1m | 29.5% | PE19.5x |
