PACCAR (PCAR) Posts Q3 2026 Results, Is The Stock Now Cheap?

PACCAR (PCAR) has just posted third quarter 2026 results that put fresh numbers around the stock’s recent slide. Sales reached US$7.38b, with net income of US$847.5m and earnings of US$1.61 per share.

PACCAR’s recent share price slide, including a 7 day share price return of down 6.5% and a 90 day share price return of down 22.8% to US$102.42, sits in sharp contrast to a 1 year total shareholder return of 6.2% and a 5 year total shareholder return of 106.0%, which reflects much stronger longer term compounding.

Capitalize on PACCAR's post earnings disconnect by scanning a curated set of industrial-heavyweight peers through 26 high quality undervalued stocks that also pair solid cash generation with resilient balance sheets.

The question now is simple. After PACCAR’s share price drop despite higher recent earnings, is more of the opportunity still ahead, or has most of the upside already played out in the stock’s valuation?

Most Popular Narrative: 23% Undervalued

The most followed PACCAR narrative pegs fair value at $133.38 against the last close of $102.42, which frames the recent selloff as a gap between price and what that storyline sees in the fundamentals.

Expansion of the PACCAR Parts business, supported by record quarterly revenues of US$1.75b in Q2 2026, 29.8% gross margins and management guidance for 3% to 5% sales growth in 2026, points to a growing share of higher margin, recurring revenue that can support net margin and earnings resilience through truck cycles.

See why 29 investors see PACCAR as 23% undervalued.

Result: Fair Value of $133.38 (UNDERVALUED)

Still, if truck demand weakens outside data center related projects or if input costs stay elevated, the bullish PACCAR valuation story could lose momentum.

Find out about the key risks to this PACCAR narrative.

Next Steps

If the PACCAR story feels mixed to you, trust that reaction. Then move quickly to compare it with the full picture of 4 key rewards and 1 important warning sign

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