PACCAR Inc

WBAG:PCAR Stock Report

Market Cap: €55.0b

PACCAR Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 (€108.98) is trading below our estimate of fair value (€129.75)

Significantly Below Fair Value: PCAR is trading below fair value, but not by a significant amount.

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 Ratio12.7x
EarningsUS$4.71b
Market CapUS$57.67b

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 Average11.8x
PAL Palfinger
6.3x-0.3%€678.0m
ROS Rosenbauer International
20.1x53.8%€243.4m
ANDR Andritz
10.2x8.8%€5.1b
VOLV B AB Volvo
10.6x0.8%SEK 548.4b
PCAR PACCAR
12.7x-0.03%€57.7b

Price-To-Earnings vs Peers: PCAR is expensive based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (11.8x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PCAR 12.7xIndustry Avg. 17.3xNo. of Companies29PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PCAR is good value based on its Price-To-Earnings Ratio (12.7x) compared to the European Machinery industry average (17.3x).

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 Ratio12.7x
Fair PE Ratio13.5x

Price-To-Earnings vs Fair Ratio: PCAR is good value based on its Price-To-Earnings Ratio (12.7x) compared to the estimated Fair Price-To-Earnings Ratio (13.5x).

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€108.98
€108.31
-0.6%
10.3%€122.40€84.64n/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€73.81n/a18
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
Nov ’23€65.39
€64.77
-0.9%
5.6%€70.76€59.51€77.1718

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

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