PACCAR Inc

WBAG:PCAR Stock Report

Market Cap: €52.7b

PACCAR Valuation

Is PCAR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PCAR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PCAR (€99.4) is trading below our estimate of fair value (€129.87)

Significantly Below Fair Value: PCAR is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PCAR?

Key metric: As PCAR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PCAR. This is calculated by dividing PCAR's market cap by their current earnings.
What is PCAR's PE Ratio?
PE Ratio11.5x
EarningsUS$4.71b
Market CapUS$54.83b

Price to Earnings Ratio vs Peers

How does PCAR's PE Ratio compare to its peers?

The above table shows the PE ratio for PCAR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.5x
PAL Palfinger
6.4x-2.9%€684.2m
ROS Rosenbauer International
31.5x60.1%€233.2m
ANDR Andritz
9.7x5.1%€4.9b
VOLV B AB Volvo
10.6x0.8%SEK 546.9b
PCAR PACCAR
11.5x-0.1%€54.8b

Price-To-Earnings vs Peers: PCAR is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (14.5x).

Price to Earnings Ratio vs Industry

How does PCAR's PE Ratio compare vs other companies in the European Machinery Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PCAR 11.5xIndustry Avg. 17.5xNo. of Companies25PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PCAR is good value based on its Price-To-Earnings Ratio (11.5x) compared to the European Machinery industry average (17.5x).

Price to Earnings Ratio vs Fair Ratio

What is PCAR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PCAR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.5x
Fair PE Ratio13.4x

Price-To-Earnings vs Fair Ratio: PCAR is good value based on its Price-To-Earnings Ratio (11.5x) compared to the estimated Fair Price-To-Earnings Ratio (13.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PCAR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€99.40
€110.84
+11.5%
10.9%€128.76€88.97n/a18
Dec ’25€111.02
€108.00
-2.7%
10.4%€122.23€84.53n/a18
Nov ’25€95.63
€102.29
+7.0%
10.3%€116.81€81.58n/a18
Oct ’25€88.59
€98.85
+11.6%
11.5%€126.07€79.82n/a18
Sep ’25€85.70
€99.24
+15.8%
11.8%€125.39€79.38n/a18
Aug ’25€88.38
€103.75
+17.4%
10.0%€128.14€81.13n/a19
Jul ’25€95.19
€112.83
+18.5%
11.0%€137.64€82.39n/a20
Jun ’25€96.71
€110.66
+14.4%
12.2%€136.11€81.48n/a20
May ’25€97.91
€107.93
+10.2%
14.5%€137.49€82.31n/a21
Apr ’25€114.72
€100.96
-12.0%
12.7%€125.57€77.56n/a21
Mar ’25€103.80
€95.48
-8.0%
9.9%€115.63€77.70n/a19
Feb ’25€93.15
€94.80
+1.8%
10.5%€115.69€77.74n/a19
Jan ’25€88.38
€84.83
-4.0%
12.2%€105.43€70.89n/a18
Dec ’24€85.25
€87.53
+2.7%
11.2%€108.82€73.81€111.0218
Nov ’24€77.17
€87.53
+13.4%
11.2%€108.82€73.81€95.6318
Oct ’24€80.86
€84.40
+4.4%
10.3%€109.47€70.44€88.5918
Sep ’24€76.84
€81.21
+5.7%
10.8%€104.74€67.40€85.7020
Aug ’24€78.52
€80.07
+2.0%
11.4%€104.86€67.47€88.3820
Jul ’24€76.48
€73.71
-3.6%
5.2%€82.81€67.17€95.1919
Jun ’24€64.50
€75.51
+17.1%
8.0%€96.38€68.31€96.7121
May ’24€65.65
€72.65
+10.7%
9.1%€93.44€64.41€97.9119
Apr ’24€67.03
€69.06
+3.0%
10.9%€90.35€56.24€114.7219
Mar ’24€67.92
€70.46
+3.7%
11.2%€92.38€57.50€103.8018
Feb ’24€66.88
€66.38
-0.7%
11.1%€88.60€55.22€93.1518
Jan ’24€61.30
€64.54
+5.3%
10.5%€85.42€56.53€88.3817
Dec ’23€67.35
€63.54
-5.7%
5.4%€69.09€58.11€85.2517

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 09:09
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PACCAR Inc is covered by 52 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John EadeArgus Research Company
Kristine KubackiAvondale Partners
David LeikerBaird