Paccar Inc. (PCAR) intrinsic value & 10-year financials
Paccar Inc. (PCAR) has a Graham intrinsic value of $149.80 per share. At $110.82 on Oct 17, 2026, the stock trades 26% below that value. Over the last 10 fiscal years revenue grew 5.9% a year to $28.4B, with an average return on invested capital of 19.5%.
- Graham intrinsic value
- $149.80
- Share price (Oct 17, 2026)
- $110.82
- Price vs Graham value
- 26% below
- Market cap
- $58.4B
- Revenue (FY2025)
- $28.4B
- Revenue growth (10-yr CAGR)
- 5.9%
- ROIC (10-yr avg)
- 19.5%
- Free cash flow (FY2025)
- $3.7B
PCAR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $28.4B | $2.4B | $4.51 | $3.7B | — | — |
| FY2024 | $33.7B | $4.2B | $7.90 | $3.8B | — | — |
| FY2023 | $35.1B | $4.6B | $8.76 | $3.5B | — | — |
| FY2022 | $28.8B | $3.0B | $5.75 | $2.5B | — | — |
| FY2021 | $23.5B | $1.9B | $5.32 | $1.6B | — | — |
| FY2020 | $18.7B | $1.3B | $3.74 | $2.4B | — | — |
| FY2019 | $25.6B | $2.4B | $6.87 | $2.3B | — | — |
| FY2018 | $23.5B | $2.2B | $0.00 | $2.5B | — | — |
| FY2017 | $19.5B | $1.7B | $0.00 | $2.3B | — | — |
| FY2016 | $17.0B | $521.7M | $0.00 | $1.9B | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Paccar has demonstrated mature, steady growth, with revenue compounding at 5.9% annually over the past decade.
Paccar 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.
Over the decade, Paccar shows that management has aggressively returned capital to shareholders by retiring 100.0% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Paccar is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $149.80 per share.