Oshkosh Corporation

DB:OK3 Stock Report

Market Cap: €7.1b

Oshkosh Valuation

Is OK3 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 OK3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OK3 (€109) is trading below our estimate of fair value (€299.17)

Significantly Below Fair Value: OK3 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OK3?

Key metric: As OK3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for OK3. This is calculated by dividing OK3's market cap by their current earnings.
What is OK3's PE Ratio?
PE Ratio10.9x
EarningsUS$679.10m
Market CapUS$7.43b

Price to Earnings Ratio vs Peers

How does OK3's PE Ratio compare to its peers?

The above table shows the PE ratio for OK3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.6x
KBX Knorr-Bremse
19.3x10.8%€11.6b
KGX KION GROUP
13.1x17.2%€4.4b
8TRA Traton
5.3x8.4%€13.8b
JUN3 Jungheinrich
8.8x6.9%€2.5b
OK3 Oshkosh
10.9x7.2%€7.4b

Price-To-Earnings vs Peers: OK3 is good value based on its Price-To-Earnings Ratio (10.9x) compared to the peer average (11.6x).

Price to Earnings Ratio vs Industry

How does OK3's PE Ratio compare vs other companies in the DE Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
OK3 10.9xIndustry Avg. 14.7xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OK3 is good value based on its Price-To-Earnings Ratio (10.9x) compared to the German Machinery industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

What is OK3'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.

OK3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.9x
Fair PE Ratio15.9x

Price-To-Earnings vs Fair Ratio: OK3 is good value based on its Price-To-Earnings Ratio (10.9x) compared to the estimated Fair Price-To-Earnings Ratio (15.9x).

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 OK3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€109.00
€114.90
+5.4%
11.9%€152.19€93.22n/a14
Nov ’25€93.50
€111.14
+18.9%
12.2%€147.65€87.67n/a14
Oct ’25€89.50
€112.99
+26.3%
12.4%€154.48€94.86n/a13
Sep ’25€96.00
€112.97
+17.7%
14.3%€162.97€94.54n/a13
Aug ’25€100.00
€119.91
+19.9%
14.6%€167.73€97.30n/a15
Jul ’25€99.00
€124.31
+25.6%
13.9%€177.54€104.65n/a16
Jun ’25€103.00
€122.77
+19.2%
14.0%€174.93€103.12n/a16
May ’25€110.00
€121.11
+10.1%
10.6%€147.37€100.73n/a16
Apr ’25€114.00
€111.09
-2.6%
8.6%€127.90€93.19n/a16
Mar ’25€102.00
€112.27
+10.1%
8.6%€129.19€94.13n/a16
Feb ’25€101.00
€110.66
+9.6%
8.4%€128.80€93.84n/a16
Jan ’25€98.50
€99.39
+0.9%
11.2%€124.52€80.89n/a14
Dec ’24€89.00
€101.61
+14.2%
11.1%€128.22€83.30n/a14
Nov ’24€82.50
€102.28
+24.0%
10.8%€129.66€84.23€93.5014
Oct ’24€90.50
€108.60
+20.0%
8.8%€130.41€91.38€89.5012
Sep ’24€95.50
€106.08
+11.1%
9.0%€124.82€87.47€96.0014
Jul ’24€77.50
€83.32
+7.5%
12.9%€106.73€63.49€99.0018
Jun ’24€69.00
€84.87
+23.0%
13.0%€108.12€64.31€103.0019
May ’24€69.00
€83.40
+20.9%
12.7%€105.73€62.89€110.0018
Apr ’24€74.00
€90.61
+22.4%
12.1%€107.01€68.27€114.0018
Mar ’24€84.00
€94.74
+12.8%
10.5%€109.35€77.30€102.0018
Feb ’24€92.50
€91.49
-1.1%
9.1%€103.77€74.64€101.0018
Jan ’24€82.00
€88.76
+8.2%
11.0%€106.70€70.20€98.5018
Dec ’23€88.00
€89.78
+2.0%
9.8%€106.19€72.41€89.0018
Nov ’23€89.00
€93.50
+5.1%
10.8%€114.41€75.27€82.5018

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

Discover undervalued companies

Stabilus

€810.2m

Engages in the manufacture and sale of gas springs, dampers, vibration isolation products, and electric tailgate opening and closing equipment in Europe, the Middle East, Africa, North and South America, the Asia-Pacific, and internationally.

STM

€32.80

7D

0%

1Y

-42.6%

Krones

€3.7b

Engages in the planning, development, and manufacture of machines and lines for the production, filling, and packaging technology in Germany and internationally.

KRN

€116.20

7D

1.4%

1Y

14.3%

Babcock International Group

UK£2.6b

Engages in the design, development, manufacture, and integration of specialist systems for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally.

BW3

UK£6.43

7D

1.3%

1Y

42.6%