TRATON 8TRA.DE
GermanyIndustrials · Farm & Heavy Construction MachineryXetra · EUR
37.94 EUR (+14.1%)
17 analysts
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TRATON SE is a global manufacturer of commercial vehicles (trucks and buses) under brands such as Scania, MAN, Volkswagen Caminhões, and International, with a business model focused on manufacturing, sales, and after-sales services for industrial vehicles.
Listed on Xetra · Symbol 8TRA.DE · ETR: 8TRA · Currency EUR
Key points
from its scores- ✓Attractive valuation8.0
- ✓Good share-price trend7.3
- ✓Strong growth7.0
- ✕Fragile balance sheet2.7
- ✕Little competitive advantage3.0
AI analysis
bottom line, main risk, context and newsValuation is very low and recent growth is strong, but leverage and cyclicality warrant caution; monitor interest rates and truck demand.
TRATON trades at a very attractive valuation (P/E 9.40, forward P/E 5.61, P/S 0.38) with exceptional earnings growth of 187.20%, but its high leverage (Net Debt/EBITDA 5.53) and cyclical nature make it vulnerable to rising interest rates and a potential normalization of the cycle.
High leverage (Net Debt/EBITDA 5.53) combined with rising interest rates could compress financial margins and limit investment capacity if the industrial cycle slows.
Context and risks
TRATON operates in a cyclical sector (truck and heavy machinery manufacturing) and its balance sheet is highly leveraged (Net Debt/EBITDA of 5.53), exposing it to tighter financial conditions. Additionally, its business depends on global supply routes and markets, where geopolitical tensions persist and could affect the supply chain and demand.
Is TRATON stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 50% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 9.4 | 25.4 | −63% |
| EV / EBITDA | 9.0 | 14.5 | −38% |
| Price / book | 0.9 | 4.1 | −79% |
| Price / sales | 0.4 | 2.1 | −82% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 8.0 out of 10 (median for Industrials: 5.0).
Average analyst target: 37.94 EUR, +14.1% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 2.7 (sector 6.4), Growth 7.0 (sector 6.6).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 9.4
- Forward P/E
- 5.6
- EV / EBITDA
- 9.0
- Price / book
- 0.9
- Price / sales
- 0.4
- PEG
- 0.16
- Market cap
- 16.6B EUR
- Enterprise value
- 42.9B EUR
Profitability
- ROE
- 9.7%
- ROA
- 2.2%
- ROIC (approx.)
- 6.0%
- Gross margin
- 17.3%
- Operating margin
- 6.6%
- Net margin
- 4.0%
- Free cash flow
- 780.5M EUR
- FCF yield
- 4.7%
- Cash conversion
- 16%
Solvency
- Total debt
- 28.7B EUR
- Net debt
- 26.3B EUR
- Cash
- 2.4B EUR
- EBITDA
- 4.8B EUR
- Net debt / EBITDA
- 5.53
- Debt / equity
- 149.39
- Current ratio
- 0.99
- Quick ratio
- 0.64
Growth
- Revenue growth
- +4.1%
- Earnings growth
- +187.2%
- EPS (TTM)
- 3.54 EUR
- EPS (forward)
- 5.93 EUR
Dividend
- Dividend yield
- 5.1%
- Payout
- 0.0%
Risk and market
- Beta
- 1.36
- Analyst consensus
- Hold (17)
- Target price
- 37.94 EUR
- 52-week range
- 25.78 – 41.38
Recent news
All 8TRA.DE news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about TRATON
Is TRATON stock cheap or expensive?
On P/E and EV / EBITDA, it trades 50% below the Industrials median on average. Valuation score: 8.0 out of 10 (median for Industrials: 5.0). Average analyst target: 37.94 EUR, +14.1% versus the price. This is not investment advice.
What score does TRATON get on MeridIAn Screener?
It scores 5.1 out of 10, rank 1,620 of 2,130 (better than 21% of the companies analysed). Its strongest category is Valuation (8.0) and its weakest, Financial health (2.7). Analysis of 08/10/2026.
What is TRATON's P/E ratio?
Its P/E is 9.4: the share price equals 9.4 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 5.6.
How much is TRATON worth on the stock market?
Its market capitalisation is 16.6B EUR and its enterprise value, debt included, is 42.9B EUR.
How much debt does TRATON have?
Its net debt (debt minus cash) is 26.3B EUR. That is 5.53 times its EBITDA; the Industrials median is 1.58.
Does TRATON pay a dividend?
Yes: its dividend yield is 5.11%.
How has TRATON stock performed over the last year?
It has risen 26.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 25.78 and 41.38 EUR. Past performance does not guarantee future results.
What do analysts think of TRATON?
17 analysts cover it; their average recommendation is “Hold” and their average target is 37.94 EUR (+14.1% versus the price). It is an estimate, not market data.