Douglas Dynamics, Inc.

NYSE:PLOW Stock Report

Market Cap: US$973.5m

Douglas Dynamics Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: PLOW ($42.25) is trading below our estimate of future cash flow value ($52.52)

Significantly Below Future Cash Flow Value: PLOW is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PLOW. This is calculated by dividing PLOW's market cap by their current earnings.
What is PLOW's PE Ratio?
PE Ratio23.7x
EarningsUS$40.99m
Market CapUS$973.48m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PLOW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average55.8x
AEBI Aebi Schmidt Holding
114.9x148.07%US$1.2b
ASTE Astec Industries
28.3x20.40%US$1.4b
GBX Greenbrier Companies
9.5x-16.62%US$1.8b
MTW Manitowoc Company
70.5x44.74%US$507.3m
PLOW Douglas Dynamics
23.7x12.94%US$973.5m

Price-To-Earnings vs Peers: PLOW is good value based on its Price-To-Earnings Ratio (23.7x) compared to the peer average (55.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does PLOW's PE Ratio compare vs other companies in the US Machinery Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
WNC Wabash National
2.3x-71.26%US$479.58m
RAIL FreightCar America
3.1x-12.49%US$252.61m
FATH Fathom Digital Manufacturing
2.6xn/aUS$35.24m
GTEC Greenland Technologies Holding
1.3x-16.11%US$18.66m
No more companies available in this PE range
PLOW 23.7xIndustry Avg. 29.9xNo. of Companies16PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PLOW is good value based on its Price-To-Earnings Ratio (23.7x) compared to the US Machinery industry average (29.9x).

Price to Earnings Ratio vs Fair Ratio

What is PLOW'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.

PLOW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.7x
Fair PE Ratio18.3x

Price-To-Earnings vs Fair Ratio: PLOW is expensive based on its Price-To-Earnings Ratio (23.7x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).

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 PLOW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$42.25
US$38.75
-8.28%
6.42%US$42.00US$35.00n/a4
Feb ’27US$37.68
US$38.75
+2.84%
6.42%US$42.00US$35.00n/a4
Jan ’27US$32.65
US$38.75
+18.68%
6.42%US$42.00US$35.00n/a4
Dec ’26US$31.97
US$38.75
+21.21%
6.42%US$42.00US$35.00n/a4
Nov ’26US$30.23
US$37.75
+24.88%
4.34%US$39.00US$35.00n/a4
Oct ’26US$31.24
US$37.67
+20.57%
5.01%US$39.00US$35.00n/a3
Sep ’26US$33.67
US$37.67
+11.87%
5.01%US$39.00US$35.00n/a3
Aug ’26US$27.91
US$34.33
+23.01%
10.72%US$39.00US$30.00n/a3
Jul ’26US$30.01
US$33.67
+12.18%
11.46%US$39.00US$30.00n/a3
Jun ’26US$27.49
US$33.67
+22.47%
11.46%US$39.00US$30.00n/a3
May ’26US$23.89
US$33.67
+40.92%
11.46%US$39.00US$30.00n/a3
Apr ’26US$23.26
US$33.67
+44.74%
11.46%US$39.00US$30.00n/a3
Mar ’26US$27.04
US$33.67
+24.51%
11.46%US$39.00US$30.00n/a3
Feb ’26US$25.85
US$32.33
+25.08%
16.43%US$39.00US$26.00US$37.683
Jan ’26US$23.63
US$32.33
+36.83%
16.43%US$39.00US$26.00US$32.653
Dec ’25US$25.89
US$32.33
+24.89%
16.43%US$39.00US$26.00US$31.973
Nov ’25US$22.96
US$32.33
+40.82%
16.43%US$39.00US$26.00US$30.233
Oct ’25US$27.63
US$35.67
+29.09%
11.29%US$39.00US$30.00US$31.243
Sep ’25US$27.84
US$35.67
+28.11%
11.29%US$39.00US$30.00US$33.673
Aug ’25US$28.58
US$35.67
+24.80%
11.29%US$39.00US$30.00US$27.913
Jul ’25US$22.26
US$31.67
+42.26%
17.17%US$39.00US$26.00US$30.013
Jun ’25US$24.86
US$31.67
+27.38%
17.17%US$39.00US$26.00US$27.493
May ’25US$22.62
US$32.00
+41.47%
16.73%US$39.00US$26.00US$23.893
Apr ’25US$24.30
US$37.50
+54.32%
4.00%US$39.00US$36.00US$23.262
Mar ’25US$24.62
US$37.50
+52.32%
4.00%US$39.00US$36.00US$27.042
Feb ’25US$25.54
US$35.00
+37.04%
10.69%US$39.00US$30.00US$25.853
US$38.75
Fair Value
9.0% overvalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/16 12:45
End of Day Share Price 2026/02/13 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Douglas Dynamics, Inc. is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Timothy WojsBaird
Jason UrsanerCJS Securities, Inc.
Ryan SigdahlCraig-Hallum Capital Group LLC