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Daimler Truck Holding AG (DTG) Fair Value & Analysis

Industrials · DE · Market cap €32.5B · ISIN DE000DTR0CK8

What is Daimler Truck Holding AG really worth?

DT Daimler Truck Holding AG DTG · XETRA
Price€45.73
Fair Value€47.70
Upside+4.3%
Quality51/100

A solid business, currently priced close to our fair value of €47.70.

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Strengths

Moderate debt · generates free cash flow

Risks

!Weak Growth (revenue 5y +4.8 %/yr)
!Thin margins · 3.1% net margin
!Trails peers (4/15)
!Narrow moat 32/100
!Weak on past: 22 out of 100

For context

·4.15% dividend yield
Evidence: High Range €29.41 – €67.66

Fair value as of: Sep 5, 2026

From 24 valuation models · updated today

Share price −5.0% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (€29.41 to €67.66) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

€49.60 €18.36 Fair Value €47.70 Dec 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

57‑month range €18.36 – €49.60 · fair‑value band €29.41 – €67.66 · the €45.73 price screens below the €47.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.

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Analysis

Daimler Truck Holding AG (DTG) currently trades at €45.73, while our model-based Fair Value estimate is €47.70, implying the stock looks roughly 4.1% fairly valued today. The Quality Score stands at 51/100 (solid quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of €54.13 per share, and 8 of the 24 models we run sit above the €45.73 price. Bear case: the Asset-Based group reads lowest at €18.89, and 16 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Daimler Truck Holding AG generated revenue of €44.0B at a net margin of 3.1%. Revenue declined 13.3% year over year. It earns a return on equity of 5.4%. Net debt stands at €20.6B. Fundamentals as of Sep 5, 2026

Our scenario range runs from €29.41 (bear case) to €67.66 (bull case); at €45.73, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades near its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −18% fair-value upside, at 4%, DTG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF €26.95 €43.02 €72.78 76
Growth DCF €28.86 €44.45 €71.13 75
EPV €25.85 €32.48 €38.29 74
All 24 models by family
DCF Models
FCF DCF €26.95 €43.02 €72.78 76
Owner Earnings €19.87 €33.16 €57.77 72
5Y Revenue Exit €29.09 €50.15 €80.78 69
5Y EBITDA Exit €41.23 €71.17 €110.82 71
5Y P/E Exit €23.14 €39.85 €59.85 67
10Y Revenue Exit €26.66 €42.29 €59.16 64
10Y EBITDA Exit €35.30 €55.28 €76.80 66
10Y P/E Exit €24.32 €35.92 €46.88 62
Earnings-Based
Graham-Dodd €17.53 €21.42 €24.10 65
EPV €25.85 €32.48 €38.29 74
Dividend Discount
Gordon GGM €17.56 €19.22 €21.75 67
DDM Multi-Stage €17.56 €22.04 €28.30 65
Multiples
P/E Multiple €40.59 €54.13 €67.66 63
P/S Multiple €32.86 €43.82 €54.77 58
P/B Multiple €32.86 €43.82 €54.77 55
EV/EBIT €53.90 €76.53 €99.15 65
EV/EBITDA €61.01 €86.00 €110.99 67
EV/Revenue €34.47 €55.23 €75.99 53
Asset-Based
NCAV (Graham) €14.10 €18.89 €28.20 54
Growth DCF
Growth DCF €28.86 €44.45 €71.13 75
Rev-Margin DCF €29.09 €51.11 €77.97 69
Economic Profit
Residual Income €24.42 €26.71 €34.25 74
ROIC Compounder €25.85 €33.08 €41.25 70
Growth Earnings
Growth-Adj P/E €28.66 €40.95 €53.23 65

Widest divergence: Multiples (€54.13) versus Asset-Based (€18.89). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 29.1
P/S ratio 1.26 P/E × margin
EPS (TTM) €1.57 price ÷ EPS = P/E 29.1
Dividend yield 4.2% payout 121%
Net margin 4.3% FY2025
Return on equity 5.4% TTM
More key figures
Profitability
Return on assets (EBIT) 5.5% avg 5y
Operating margin 5.3% TTM
Growth
Revenue (TTM) €44.0B TTM
Revenue growth (YoY) −13.3% 3y avg −3.7%
EPS growth (YoY) −76.9%
Balance sheet & cash flow
Free cash flow €3.2B FY2025
Net debt €20.6B FY2025 · ≈ 6.4 yrs of FCF

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 53 · Market factors (momentum, volatility) 70

Profitability 34
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Daimler Truck Holding AG manufactures and sells light, medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally. The company operates through five segments: Trucks North America, Mercedes-Benz Trucks, Trucks Asia, Daimler Buses, and Financial Services.

Full company description

Daimler Truck Holding AG manufactures and sells light, medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally. The company operates through five segments: Trucks North America, Mercedes-Benz Trucks, Trucks Asia, Daimler Buses, and Financial Services. It offers light, medium, and heavy-duty trucks; city and intercity buses, coaches, and bus chassis; industrial engines; and special vehicles used in various sector, as well as new and used commercial vehicles. The company also provides various financial services, such as rental, leasing, and financing for vehicles; and charging infrastructure, insurance brokerage, payment, and integrated services for zero emission vehicles. In addition, it offers connectivity solutions under the Detroit Connect, Truckonnect, TruckLive, OMNIplus ON, Mercedes-Benz Uptime, and Fleetboard brand names; and aftersales services, as well as sells spare parts. It provides trucks and buses under the Mercedes-Benz, Freightliner, Western Star, FUSO, BharatBenz, RIZON, Setra, and Thomas Built Buses brands. The company was founded in 1896 and is headquartered in Leinfelden-Echterdingen, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Daimler Truck Holding AG reported revenue of €45.5B in FY2025 versus €39.8B in FY2021, a compound +3.4%/yr. Reported net income was €2.0B in FY2025, compounding −4.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€45.5B
Latest YoY
−15.8%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−3.7%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.8%
Avg. revenue growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+4.9% (0.7 + 4.2)
Revenue +3.4%/yr
FY21 €39.8B
FY22 €50.9B
FY23 €55.9B
FY24 €54.1B
FY25 €45.5B
Net income −4.3%/yr
FY21 €2.3B
FY22 €2.7B
FY23 €3.8B
FY24 €2.9B
FY25 €2.0B

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Cite: Fair Value Calculator (2026). "Daimler Truck Holding AG Fair Value". https://www.fairvalue-calculator.com/stock/DTG

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Farm & Heavy Construction Machinery · 150 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 51 · Below median
Fair Value upside +4% · Above median
Return on equity (TTM) 5% · Below median
Return on assets 2% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth −13% · Bottom 25%
Dividend yield (TTM) 4.2% · Top 25%
Debt / equity 0.89× · Higher than 75% of peers

Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper

P/E (TTM) 29.1× · Pricier than median
P/B 1.75× · Pricier than median
P/S (TTM) 0.86× · Cheaper than median
P/FCF 11.7× · Pricier than median
EV/EBITDA 13.5× · Pricier than median
PEG 0.52× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE39 · sector 12
FUTURE0 · sector 29
PAST22 · sector 31
HEALTH55 · sector 93
DIVIDEND83 · sector 39

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Frequently asked questions

Is Daimler Truck Holding AG (DTG) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of €47.70 versus a price of €45.73, about +4% upside (fairly valued).
What is the fair value of DTG?
Our model-based fair value for Daimler Truck Holding AG is €47.70 (as of Sep 5, 2026), built from audited fundamentals. The current price: €45.73.
What is the quality score of DTG?
Daimler Truck Holding AG has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Daimler Truck Holding AG (DTG)?
Daimler Truck Holding AG reported trailing-twelve-month revenue of about €44.0B (latest available figure, as of Sep 5, 2026).
What is the net profit margin of DTG?
The net profit margin of Daimler Truck Holding AG is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.
Does Daimler Truck Holding AG pay a dividend?
Daimler Truck Holding AG currently shows a dividend yield of about 4.15% relative to its recent price (as of Sep 5, 2026).
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