AlphaMadera's AlphaVal page classifies Wabash National Corporation as a Cyclical & Capital-Intensive business and values it using Normalized Earnings × Cycle Multiple, then compares the result to the current market price to flag WNC as undervalued, fairly valued, or overvalued.

What is Wabash National Corporation's fair value?

Fair value for WNC comes from a Normalized Earnings × Cycle Multiple model -- the approach AlphaVal selected for this company's Cyclical & Capital-Intensive classification. The live AlphaVal page shows bear, base, and bull scenarios alongside the key assumption behind each.

How does AlphaMadera value WNC?

AlphaVal routes each company to one of ten valuation archetypes based on its business model. WNC was classified as Cyclical & Capital-Intensive and is valued using Normalized Earnings × Cycle Multiple, built from WNC's most recent reported fundamentals.

WNC - Wabash National Corporation

Price: -- -- | CONSENSUS: Hold DETAILS | PRICE TARGET: $20.00 DETAILS

AlphaVal

Deterministic, archetype-aware fair value

Cyclical & Capital-Intensive 80% confidence

Primary model: Normalized Earnings × Cycle Multiple

Valuation Signal Undervalued Strong

Trading 76.2% below fair value

Current Price $12.82

Bear Case $45.00 250.9% upside ($45.00 - $12.82) / $12.82 = 250.9% $2.25 × 20x

Fair Value $54.00 321.1% upside ($54.00 - $12.82) / $12.82 = 321.1% $2.25 × 24x

Bull Case $63.00 391.2% upside ($63.00 - $12.82) / $12.82 = 391.2% $2.25 × 28x

Adjust Assumptions

Cycle P/E Multiple

24.0x

Normalized EPS

2.25$

Key Value Driver

Through-cycle normalized EPS ($2.25)

Terminal Value % of EV

Implied Market Multiple 5.7x

Market is pricing in (growth)

Plain-Language Summary

Using 7-year normalized EPS of $2.25 at a 24x cycle multiple, the base-case value is $54.00 per share. P/TBV cross-check: 4.6x.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (18 analysts) $20.00

Analyst Range $20.00 – $20.00

Divergence from AlphaVal 170%

Warnings

⚠ This company has a built-in lending arm whose debt is mixed in with the main business. We capped the debt adjustment to avoid overstating what the core business owes.

⚠ Recent profits ($5.07/share) are 125% above the mid-cycle average ($2.25). Buying based on peak profits is the most common mistake with boom-and-bust businesses.

⚠ Price-to-book value of 4.6x is above the normal range for this type of business (0.7x-2.0x). The stock may already price in a strong cycle.

ℹ Wall Street's average price target is $20.00 (from 18 analysts). Our estimate is 170% above the consensus -- consider that gap carefully.

Key Risks

Standard 10-year DCF produces unreliable terminal values for cyclicals
'Cheap' P/E at cycle peak is the most common value trap — normalize first
Captive finance subsidiaries have different risk profiles from manufacturing