Oshkosh Corp (OSK) stock analysis

P/E against its history

Not enough price and earnings history to compare.

P/E against the industry

Needs positive earnings and enough profitable companies in the industry.

EV/EBITDA above its 5-year median

Oshkosh's EV/EBITDA of 9.4 is above its 5-year median of 8.2.

P/B above the industry

Oshkosh's price-to-book of 1.89 is above the Motor Vehicles and Motor Vehicle Equipment median of 1.56.

Trading above fair value

The share price of $141.28 is above our fair value estimate of $113.27.

Margin of safety under 20%

The price is 24.7% above fair value, so there is no margin of safety.

Revenue growing 10%+ a year

Revenue grew 10.4% a year over the last three fiscal years.

EPS growth over 3 years

Needs positive EPS three years ago and today.

Earnings acceleration

Needs positive net income now, a year ago and five years ago.

Growing slower than the industry

Revenue grew 4.2% over the last twelve months; the Motor Vehicles and Motor Vehicle Equipment median is 5.5%.

Guidance raised

Oshkosh raised its 2026 net sales outlook on Jul 28, 2026.

Gross margin slipping

Gross margin was 15.4% over the last twelve months, against 17.8% a year earlier.

Return on equity

Needs positive equity and five years of results.

Return on capital over 10%

Return on invested capital was 10.9%, above the 10% that usually covers the cost of capital.

Return on equity against the industry

Needs positive equity.

Earnings over 5 years

Needs positive net income five years ago and in the latest year.

Net margin against its history

Needs five years of revenue and net income.

Net margin against the industry

Needs revenue and net income.

Low debt

Debt is 24.2% of shareholders' equity, under the 40% we consider low.

Debt falling against equity

Debt to equity fell from 31.5% five years ago to 24.2%.

Debt covered by cash flow

Operating cash flow over the last twelve months equals 103% of total debt.

Interest coverage

Interest expense is not reported separately.

Short-term assets cover short-term debts

Current assets are 1.72 times current liabilities.

Low bankruptcy risk

The Altman Z-score is 3.16; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

Oshkosh paid dividends worth 1.6% of the share price over the last twelve months.

Yield below Treasuries

The 1.6% yield is below the 4.4% on a 1-year Treasury.

Yield below the top quarter

The top quarter of US dividend payers yield 3.8% or more; Oshkosh yields 1.6%.

Dividend not cut

The dividend per share has not fallen by more than 10% in any of the last 10 fiscal years.

Earnings cover

Needs dividends paid and net income.

Covered by free cash flow

Dividends take 14.2% of free cash flow.