Paccar Inc Stock Beta

PCAR Stock

USD 113.74 0.42 0.37%

PACCAR Inc fundamentals help investors to digest information that contributes to PACCAR's financial success or failures. It also enables traders to predict the movement of PACCAR Stock. The fundamental analysis module provides a way to measure PACCAR's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to PACCAR stock.

Short Long Term Debt Total Total Assets

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PACCAR Inc Company Beta Analysis

PACCAR's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current PACCAR Beta

0.92

Most of PACCAR's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, PACCAR Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

PACCAR Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for PACCAR is extremely important. It helps to project a fair market value of PACCAR Stock properly, considering its historical fundamentals such as Beta. Since PACCAR's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of PACCAR's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of PACCAR's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Short Term Investments	Common Stock	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	0.62	0.99	0.94	0.99	0.97	0.8	0.99	0.58	0.73	0.83	0.65	0.04	0.78	0.71	0.72	0.12	-0.59	0.82	0.19	0.67
Total Stockholder Equity	0.99		0.63	1.0	0.95	0.96	0.99	0.78	0.99	0.55	0.69	0.83	0.68	0.07	0.82	0.7	0.78	0.12	-0.59	0.88	0.16	0.73
Net Debt	0.62	0.63		0.68	0.49	0.6	0.57	0.46	0.61	0.56	0.43	0.81	0.46	0.2	0.64	0.81	0.46	0.52	-0.78	0.48	-0.05	0.37
Retained Earnings	0.99	1.0	0.68		0.93	0.97	0.98	0.78	0.98	0.57	0.69	0.86	0.69	0.06	0.83	0.73	0.75	0.15	-0.65	0.86	0.14	0.7
Net Receivables	0.94	0.95	0.49	0.93		0.91	0.97	0.78	0.95	0.35	0.56	0.73	0.53	0.11	0.64	0.5	0.81	0.02	-0.47	0.79	0.12	0.71
Total Liab	0.99	0.96	0.6	0.97	0.91		0.94	0.81	0.98	0.59	0.76	0.81	0.63	0.01	0.74	0.71	0.66	0.11	-0.58	0.76	0.21	0.62
Total Current Assets	0.97	0.99	0.57	0.98	0.97	0.94		0.8	0.98	0.45	0.65	0.79	0.61	0.08	0.79	0.63	0.8	0.07	-0.53	0.9	0.22	0.78
Short Term Debt	0.8	0.78	0.46	0.78	0.78	0.81	0.8		0.81	0.29	0.59	0.43	0.42	-0.17	0.54	0.31	0.46	-0.32	-0.42	0.66	0.3	0.51
Accounts Payable	0.99	0.99	0.61	0.98	0.95	0.98	0.98	0.81		0.52	0.71	0.82	0.63	0.05	0.78	0.69	0.75	0.1	-0.58	0.83	0.2	0.7
Short Term Investments	0.58	0.55	0.56	0.57	0.35	0.59	0.45	0.29	0.52		0.78	0.56	0.72	0.14	0.66	0.72	0.37	0.2	-0.39	0.41	-0.17	0.35
Common Stock	0.73	0.69	0.43	0.69	0.56	0.76	0.65	0.59	0.71	0.78		0.51	0.54	0.23	0.7	0.62	0.47	-0.06	-0.32	0.59	0.1	0.64
Long Term Debt	0.83	0.83	0.81	0.86	0.73	0.81	0.79	0.43	0.82	0.56	0.51		0.58	0.13	0.74	0.92	0.67	0.64	-0.71	0.68	0.14	0.52
Property Plant Equipment	0.65	0.68	0.46	0.69	0.53	0.63	0.61	0.42	0.63	0.72	0.54	0.58		-0.2	0.78	0.63	0.46	0.03	-0.5	0.63	-0.24	0.35
Current Deferred Revenue	0.04	0.07	0.2	0.06	0.11	0.01	0.08	-0.17	0.05	0.14	0.23	0.13	-0.2		0.12	0.11	0.39	0.19	-0.01	0.1	-0.18	0.52
Net Tangible Assets	0.78	0.82	0.64	0.83	0.64	0.74	0.79	0.54	0.78	0.66	0.7	0.74	0.78	0.12		0.79	0.64	0.18	-0.56	0.91	0.12	0.75
Long Term Debt Total	0.71	0.7	0.81	0.73	0.5	0.71	0.63	0.31	0.69	0.72	0.62	0.92	0.63	0.11	0.79		0.49	0.65	-0.68	0.59	0.11	0.42
Capital Surpluse	0.72	0.78	0.46	0.75	0.81	0.66	0.8	0.46	0.75	0.37	0.47	0.67	0.46	0.39	0.64	0.49		0.21	-0.26	0.76	0.07	0.81
Deferred Long Term Liab	0.12	0.12	0.52	0.15	0.02	0.11	0.07	-0.32	0.1	0.2	-0.06	0.64	0.03	0.19	0.18	0.65	0.21		-0.34	0.06	0.13	-0.01
Short Long Term Debt	-0.59	-0.59	-0.78	-0.65	-0.47	-0.58	-0.53	-0.42	-0.58	-0.39	-0.32	-0.71	-0.5	-0.01	-0.56	-0.68	-0.26	-0.34		-0.41	0.11	-0.24
Net Invested Capital	0.82	0.88	0.48	0.86	0.79	0.76	0.9	0.66	0.83	0.41	0.59	0.68	0.63	0.1	0.91	0.59	0.76	0.06	-0.41		0.29	0.86
Net Working Capital	0.19	0.16	-0.05	0.14	0.12	0.21	0.22	0.3	0.2	-0.17	0.1	0.14	-0.24	-0.18	0.12	0.11	0.07	0.13	0.11	0.29		0.18
Capital Stock	0.67	0.73	0.37	0.7	0.71	0.62	0.78	0.51	0.7	0.35	0.64	0.52	0.35	0.52	0.75	0.42	0.81	-0.01	-0.24	0.86	0.18

Click cells to compare fundamentals

In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict PACCAR

In accordance with the recently published financial statements, PACCAR Inc has a Beta of 0.919. This is 32.92% lower than that of the Machinery sector and significantly higher than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.

PACCAR Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses PACCAR's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of PACCAR could also be used in its relative valuation, which is a method of valuing PACCAR by comparing valuation metrics of similar companies.

PACCAR is currently under evaluation in beta category among related companies.

PACCAR ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, PACCAR's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to PACCAR's managers, analysts, and investors.

Environment Score

Governance Score

Social Score

PACCAR Institutional Holders

Institutional Holdings refers to the ownership stake in PACCAR that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of PACCAR's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing PACCAR's value.

		Shares
Alliancebernstein L.p.	2023-12-31	5.1 M
Fisher Asset Management, Llc	2023-12-31	4.9 M
Norges Bank	2023-12-31	4.6 M
Legal & General Group Plc	2023-12-31	4.5 M
Amvescap Plc.	2023-12-31	3.8 M
Bank Of New York Mellon Corp	2023-12-31	3.8 M
Citadel Advisors Llc	2023-09-30	3.6 M
U.s. Bancorp	2023-12-31	3.6 M
Ontario Teachers Pension Plan Board	2023-12-31	3.5 M
Vanguard Group Inc	2023-12-31	62.2 M
Blackrock Inc	2023-12-31	36.7 M

PACCAR returns are very sensitive to returns on the market. As the market goes up or down, PACCAR is expected to follow.

PACCAR Fundamentals

	Return On Equity	0.32
	Return On Asset	0.1
	Profit Margin	0.13 %
	Operating Margin	0.17 %
	Current Valuation	64.76 B
	Shares Outstanding	524.01 M
	Shares Owned By Insiders	1.85 %
	Shares Owned By Institutions	68.64 %
	Number Of Shares Shorted	7.91 M
	Price To Earning	14.12 X
	Price To Book	3.90 X
	Price To Sales	1.76 X
	Revenue	33.32 B
	Gross Profit	4.61 B
	EBITDA	5.41 B
	Net Income	4.6 B
	Cash And Equivalents	4.76 B
	Cash Per Share	13.70 X
	Total Debt	14.38 B
	Debt To Equity	0.81 %
	Current Ratio	4.31 X
	Book Value Per Share	30.34 X
	Cash Flow From Operations	4.19 B
	Short Ratio	3.26 X
	Earnings Per Share	8.76 X
	Price To Earnings To Growth	1.18 X
	Target Price	119.14
	Number Of Employees	32.4 K
	Beta	0.92
	Market Capitalization	59.38 B
	Total Asset	40.82 B
	Retained Earnings	15.78 B
	Working Capital	19.22 B
	Current Asset	5.39 B
	Current Liabilities	2.92 B
	Annual Yield	0.01 %
	Five Year Return	1.60 %
	Net Asset	40.82 B
	Last Dividend Paid	1.04

About PACCAR Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze PACCAR Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of PACCAR using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of PACCAR Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When determining whether PACCAR Inc is a strong investment it is important to analyze PACCAR's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PACCAR's future performance. For an informed investment choice regarding PACCAR Stock, refer to the following important reports:

How To Invest In PACCAR

Details

Is PACCAR Stock a good investment?

Details

What is PACCAR's Net Worth?

Details

Largest Farm & Heavy Construction Machinery Companies

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Largest Industrials Companies

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Check out PACCAR Piotroski F Score and PACCAR Altman Z Score analysis.

Note that the PACCAR Inc information on this page should be used as a complementary analysis to other PACCAR's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for PACCAR Stock analysis

When running PACCAR's price analysis, check to measure PACCAR's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PACCAR is operating at the current time. Most of PACCAR's value examination focuses on studying past and present price action to predict the probability of PACCAR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PACCAR's price. Additionally, you may evaluate how the addition of PACCAR to your portfolios can decrease your overall portfolio volatility.

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Is PACCAR's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PACCAR. If investors know PACCAR will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PACCAR listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.528

Dividend Share

1.04

Earnings Share

8.76

Revenue Per Share

67.05

Quarterly Revenue Growth

0.117

The market value of PACCAR Inc is measured differently than its book value, which is the value of PACCAR that is recorded on the company's balance sheet. Investors also form their own opinion of PACCAR's value that differs from its market value or its book value, called intrinsic value, which is PACCAR's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PACCAR's market value can be influenced by many factors that don't directly affect PACCAR's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between PACCAR's value and its price as these two are different measures arrived at by different means. Investors typically determine if PACCAR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PACCAR's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Paccar Inc Stock Beta

PACCAR Inc Company Beta Analysis

Beta

Covariance

Variance

Current PACCAR Beta

PACCAR Beta Driver Correlations

PACCAR Beta Peer Comparison

PACCAR ESG Sustainability

PACCAR Institutional Holders

PACCAR Fundamentals

About PACCAR Fundamental Analysis

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for PACCAR Stock analysis

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