Oshkosh Corp (OSK): fair value, margin of safety and Wheel Score

Is OSK undervalued?

Oshkosh Corp (OSK) closed at 128.71 on 16 Oct 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 315.98, which puts the price 59% below it. 6 of the 9 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.

There is a wide gap between DDM (32.67) and Payback Time (728.69). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.

The nightly engine files OSK under Value: positive earnings at a P/E of 18 or less.

Nine valuation models for OSK

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

Oshkosh Corp scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability OSK scores 5.7/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.

Returns on capital are moderate - ROIC 10.7%, ROE 14.3%, ROA 6.4% - with debt at 0.34 times equity and a free-cash-flow yield of 14.5%.

The dividend yield is 1.72% at a payout ratio of 24%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Access Equipment 58%, Vocational 41%, Corporate Segment and Other Operating 2% (quarter Q2 FY2026).

Institutional ownership scores 10/10, insider activity 9/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 81: Prime

With a Wheel Score of 81, Oshkosh Corp sits in the Prime band - price, quality and premium all line up for the wheel strategy. The parts: Value 25/25, Health 11/20, Moat 9/15, Premium 20/20, Stability 16/20. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.

Implied volatility is 41% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 10,496 contracts across all expiries - enough for the wheel at normal size.

Volume runs at 603k shares a day on a market cap of $7.9B, with a beta of 1.26 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 16 of 20.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.

Upcoming events

Oshkosh Corp reports earnings on 28 Oct 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

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The 12 companies below are the closest to Oshkosh Corp by market cap within the Agricultural - Machinery industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

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