Oshkosh Corp (OSK) is slightly undervalued and Paccar Inc (PCAR) is slightly undervalued.
Against our estimates of intrinsic value, OSK trades at the wider discount: a margin of safety of +13%, against +6% for PCAR.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.2% (average of 3 methods) values the shares at $159.18; the price of $138.04 is 13% below that value, and 72% of that value comes from beyond year five.
Leak Score 65/100 on 3 of 12 signals
Discounting its cash flows at 9.5% (average of 3 methods) values the shares at $121.43; the price of $113.90 is 6% below that value, and 76% of that value comes from beyond year five.
Leak Score 56/100 on 9 of 12 signals
| Metric | OSK | PCAR |
|---|---|---|
| Verdict | Slightly undervalued | Slightly undervalued |
| Price | $138.04 | $113.90 |
| Intrinsic value | $159.18 | $121.43 |
| Margin of safety | +13% | +6% |
| Leak Score | 65/100 (3/12) | 56/100 (9/12) |
| Market cap | $8.5B | $60.0B |
| Revenue growth, 5 years | 8.7% | 8.7% |
| Operating margin | 7.5% | 10.4% |
| Net margin | 5.2% | 9.0% |
| Return on equity | 12.4% | 12.8% |
| Debt to equity | 0.24 | 0.72 |
| P/E | 15.8x | 24.0x |
| Forward P/E | 9.9x | 15.8x |
| P/B | 1.9x | 3.0x |
| Dividend yield | 1.6% | 2.9% |