2 models fit Wabash National Corporation Common Stock and they disagree: 0 of 2 land within 15% of the average.
Two or more of our models back this value.
Large discount(i)Bronze52
Valued as a cyclical company: EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionWabash National Corporation Common Stock (WNC)
Fair value (2 models)
$19.47
ACCE price target
$15.70
Rating
Undervalued
Horizon
12 months
Fair value published on 16 Oct 2026, 00:00 CEST; previously $17.19 since 4 Oct 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 12:04 CEST.
Price used: $12.87 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, 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
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
33.9% below
+51.2% to fair value
ACCE score
57
out of 100
Analysts
100% buy
2 covering
1-year return
+44.4%
Dividend yield
2.44%
Wabash National Corporation Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Wabash National builds dry van and refrigerated trailers, along with composite van bodies and the DuraPlate panels that go into them, selling mainly to North American fleets and leasing companies. Revenue is shrinking (down 9.1%) and the business is barely covering its cost of goods, with a 1.0% gross margin and a negative 6.2% operating margin, so this is a cyclical trough story rather than a steady compounder. The bull case rests on a freight recovery restarting replacement trailer orders, with the forward P/E of 8.6 suggesting the market is pricing in little of that. Against that, the company is loss-making, ROE sits at negative 22.9%, and the stock is not in any major index, which limits passive demand. It merits a deeper look mainly to test whether margins can turn positive before cash burn becomes a balance sheet question.