Oshkosh OSK
United StatesIndustrials · Farm & Heavy Construction MachineryUSD
167.48 USD (+30.2%)
17 analysts
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Oshkosh Corporation is a US manufacturer of specialized vehicles and heavy machinery, operating through brands such as Pierce (fire trucks), JLG (aerial work platforms), and Oshkosh Defense (military vehicles), selling to the public, defense, and construction sectors.
Key points
from its scores- ✓Attractive valuation7.9
- ✓Very solid balance sheet7.2
- ✕Weak growth4.7
- ✕Poor share-price trend4.8
- !Risks to watch5.0
AI analysis
bottom line, main risk, context and newsThe solid financial position and reasonable valuation offer a good defensive profile, but the lack of growth catalysts and negative momentum suggest waiting for an improvement in results before adding to the position.
Oshkosh presents solid financial health (ND/EBITDA 0.67, current ratio 1.72) and an attractive valuation (P/E 14.73, FCF yield 9.15%), although its earnings growth is negative (-7.6%) and its operating margin (8.4%) is modest, which weighs on its quality and growth scores.
The main risk is dependence on US public and defense spending cycles, as well as construction demand, which could further pressure its already negative earnings growth.
Context and risks
Oshkosh has no recent relevant news. Its truck and heavy machinery business is not materially exposed to current macro factors: its net debt is low (ND/EBITDA 0.67), its 8.4% operating margin does not depend on oil, and its main market is the US, where the Fed is leaning toward rate cuts. The country's moderate governance risk is already reflected in the base score.
Is Oshkosh stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 42% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 14.7 | 25.4 | −42% |
| EV / EBITDA | 8.3 | 14.5 | −43% |
| Price / book | 1.8 | 4.1 | −57% |
| Price / sales | 0.8 | 2.1 | −63% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 7.9 out of 10 (median for Industrials: 5.0).
Average analyst target: 167.48 USD, +30.2% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 7.2 (sector 6.4), Growth 4.7 (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
- 14.7
- Forward P/E
- 9.2
- EV / EBITDA
- 8.3
- Price / book
- 1.8
- Price / sales
- 0.8
- PEG
- 6.30
- Market cap
- 8.0B USD
- Enterprise value
- 8.6B USD
Profitability
- ROE
- 12.4%
- ROA
- 5.0%
- ROIC (approx.)
- 15.7%
- Gross margin
- 15.9%
- Operating margin
- 8.4%
- Net margin
- 5.2%
- Free cash flow
- 734.0M USD
- FCF yield
- 9.2%
- Cash conversion
- 70%
Solvency
- Total debt
- 1.1B USD
- Net debt
- 699.2M USD
- Cash
- 403.6M USD
- EBITDA
- 1.0B USD
- Net debt / EBITDA
- 0.67
- Debt / equity
- 24.36
- Current ratio
- 1.72
- Quick ratio
- 0.93
Growth
- Revenue growth
- +6.7%
- Earnings growth
- −7.6%
- EPS (TTM)
- 8.73 USD
- EPS (forward)
- 14.00 USD
Dividend
- Dividend yield
- 1.8%
- Payout
- 24.7%
Risk and market
- Beta
- 1.26
- Analyst consensus
- Buy (17)
- Target price
- 167.48 USD
- 52-week range
- 116.77 – 180.49
Recent news
All OSK news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Oshkosh
Is Oshkosh stock cheap or expensive?
On P/E and EV / EBITDA, it trades 42% below the Industrials median on average. Valuation score: 7.9 out of 10 (median for Industrials: 5.0). Average analyst target: 167.48 USD, +30.2% versus the price. This is not investment advice.
What score does Oshkosh get on MeridIAn Screener?
It scores 6.1 out of 10, rank 923 of 2,130 (better than 55% of the companies analysed). Its strongest category is Valuation (7.9) and its weakest, Growth (4.7). Analysis of 08/10/2026.
What is Oshkosh's P/E ratio?
Its P/E is 14.7: the share price equals 14.7 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 9.2.
How much is Oshkosh worth on the stock market?
Its market capitalisation is 8.0B USD and its enterprise value, debt included, is 8.6B USD.
How much debt does Oshkosh have?
Its net debt (debt minus cash) is 699.2M USD. That is 0.67 times its EBITDA; the Industrials median is 1.58.
Does Oshkosh pay a dividend?
Yes: its dividend yield is 1.77% and it pays out 25% of its earnings.
How has Oshkosh stock performed over the last year?
It has risen 5.2% over the last year, excluding dividends. Over the last 52 weeks it has traded between 116.77 and 180.49 USD. Past performance does not guarantee future results.
What do analysts think of Oshkosh?
17 analysts cover it; their average recommendation is “Buy” and their average target is 167.48 USD (+30.2% versus the price). It is an estimate, not market data.