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TREX

Trex Company Inc. Common Stock (TREX) fair value

Industrials · Building Products & Equipment · NYSE · United States
$50.38-1.35%
Market cap $5.2BNext earnings 2026-11-04Updated Oct 19, 2026
Add earnings to calendarGoogle
Our verdict
Trades 51% above our fair value
Price
$50.38
Model fair valueConfidence: good
$33.35
Model range
$20.15 to $41.44
Fair value $33.35
Price $50.38
4 models fit Trex Company Inc. Common Stock and they partly agree: 2 of 4 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)Silver65
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionTrex Company Inc. Common Stock (TREX)
Fair value (4 models)
$33.35
ACCE price target
$45.00
Rating
Overvalued
Horizon
12 months
Fair value published on 19 Oct 2026, 18:04 CEST; previously $33.94 since 11 Oct 2026, 00:00 CEST.
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Rating published on 19 Oct 2026, 18:04 CEST.
Price used: $50.38 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
51.0% above
-33.8% to fair value
ACCE score
59
out of 100
Analysts
58% buy
19 covering
P/E
29.6x
forward 24.9x
1-year return
+2.5%
Dividend yield
0.00%

Trex Company Inc. Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Trex makes composite decking and railing from recycled wood fibre and polyethylene, sold mainly through big-box retailers and dealers in North America. The durability and low-maintenance case against wood decking is the core of its franchise, and it has kept gross margin at 38.2% on the back of that premium. Revenue growth of 7.8% is modest for a name at a 26.6 trailing P/E, and the forward multiple of 21.0 implies the market expects earnings to catch up. Shares look worth a deeper look mainly if you believe repair-and-remodel demand is stabilising, since new-build exposure and the housing cycle drive most of the swing in volumes. The stock scores 53/100 and sits in no major index, so the work needed is on demand timing and margin durability rather than on the screen itself.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 1 flagAI-assisted·How I use AI
  • moderate
    Earnings declining despite revenue growth
    Revenue rose 7.8% year over year while earnings fell 15.2%, so margins are being squeezed. Short interest sits at 10.3% of shares outstanding.

AI research notes

AI-assisted·How I use AIWritten Oct 15, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Trex generated $125M of free cash flow over the last twelve months, funding its business without relying on outside money.
  • Return on equity of 17.7% shows the company turns shareholder money into solid profit, and it keeps its debt light.
  • Analysts rating the stock Buy or Strong Buy make up 58% of the group, and their mean price target sits 24.6% above the share price.
Why it could disappoint
  • Consensus fair value of $33.42 sits 24.7% below the share price, so the stock looks expensive on the average model.
  • A trailing P/E of 26.1x is well above the sector's forward median of 24.0x, leaving little room for disappointment.
  • Revenue grew 7.8% last year but has averaged only 5.9% a year over five years, and the latest earnings missed by 3.1%.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 4, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where TREX's valuation models land
Price
$50.38
Model fair value
$33.35
Model range
$20.15 to $41.44
Fair value $33.35
Price $50.38
The price is above the whole model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
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See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.

Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Mixed58% buy · 19 covering analysts
● Strong buy 11● Buy 0● Hold 6● Sell 2● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+10.2%
1 month
+15.5%
3 months
+16.0%
6 months
+20.2%
YTD
+43.6%
1 year
+2.5%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
19 Oct 2026, 18:04 CESTRatingOvervaluedfirst publication$45.73
19 Oct 2026, 18:04 CESTFair value$33.35$33.94$45.73
11 Oct 2026, 00:00 CESTACCE price target$45.00first publication$44.78
11 Oct 2026, 00:00 CESTFair value$33.94$34.89$44.78
30 Sept 2026, 00:00 CESTFair value$34.89$35.73$44.44
27 Sept 2026, 00:00 CESTFair value$35.73$34.95$44.79
25 Sept 2026, 00:00 CESTFair value$34.95$35.35$43.62
23 Sept 2026, 00:00 CESTFair value$35.35$34.60$42.90
16 Sept 2026, 00:00 CESTFair value$34.60$36.07$43.66
13 Sept 2026, 00:00 CESTFair value$36.07$35.61$44.95

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth28Value51Quality75Momentum83Total59
Valuation
Trailing P/E
29.6x
Forward P/E
24.9x
PEG
no data
P/B
4.45x
EV / Revenue
4.0x
Book value/sh
$9.92
Enterprise value
$4.8B
Profitability
ROE
17.7%
FCF yield
2.50%
ROIC
12.4%
Health and risk
Debt / equity
0.22
Dividend yield
0.00%
Beta
1.48

Price

+3.0% · 1Y

Ask anything about TREX

Answered from Trex Company Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 60% of peers
low 13.4x29.6xhigh 95.8x
ROEbetter than 83% of peers
low 0%18%high 18%
Div yieldbetter than 0% of peers
low 0.0%0.0%high 3.6%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
TREX Trex Company Inc. Common Stock$50.38$3351% above29.6x17.7%7559
LPX Louisiana-Pacific Corporation Common Stock$74.85$8512% below95.8x3.1%4734
FBIN Fortune Brands Innovations Inc. Common Stock$43.79$5622% below34.7x6.4%5542
AAON AAON Inc. Common Stock$69.62$3696% above36.2x17.3%6455
5929.T Sanwa Holdings Corporation¥3617.00--13.4x18.1%6946
5332.T TOTO LTD.¥5689.00--23.0x7.4%5655
ROCK-B.CO Rockwool A/Skr 191.80---0.0%3730

Sector report card

Where TREX ranks against its sector peers on each metric.

Computing percentiles…
  • Business Wire•Oct 1, 2026
    Trex Company Announces Timing of Third Quarter 2026 Earnings Release and Conference Call
  • Business Wire•Sep 16, 2026
    The Stay Era: Survey Finds 74% of Homeowners Are Choosing to Stay Put Turning Their Current Home into Their Dream Home
  • Business Wire•Sep 3, 2026
    BlueLinx and Trex® Announce New Distribution Relationship and Inventory Landing Across Key U.S. Growth Markets
10 more press releases · full archive on Investor+.INVESTOR
40 filings
October 2026
Oct 5
Form 4Insider transactionPeriod 2026-10-01
View on SEC →
Oct 5
Form 4Insider transactionPeriod 2026-10-01
View on SEC →
September 2026
Sep 2
8-KCurrent reportPeriod 2026-07-13
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR