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Titan Machinery Inc (TITN) Fair Value & Analysis

Industrials · US · Market cap $472M · ISIN US88830R1014

What is Titan Machinery Inc really worth?

TM Titan Machinery Inc logo Titan Machinery Inc TITN · US
Price$22.83
Fair Value$29.97
Upside+31.3%
Quality48/100

Below-average quality, trading 24% below our fair value of $29.97.

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Strengths

Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +11.5 %/yr)
!Loss-making · -2.3% net margin
!Trails peers (3/13)
!Narrow moat 16/100
!Evidence only medium, so the estimate is less certain
!The models disagree: range $10.71 to $49.23
Evidence: Medium Range $10.71 – $49.23

Fair value as of: Aug 15, 2026

From 10 valuation models · updated 21 days ago

Share price +17.2% over the past month.

What runs behind every stock

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

What matters now

  • The model range is unusually wide ($10.71 to $49.23). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

$47.46 $12.88 Fair Value $29.97 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.

How to read this chart

60‑month range $12.88 – $47.46 · fair‑value band $10.71 – $49.23 · the $22.83 price screens below the $29.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

Titan Machinery Inc (TITN) currently trades at $22.83, while our model-based Fair Value estimate is $29.97, implying the stock looks roughly 23.8% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Industrials sector. Bull case: the Growth DCF group reads highest at a median of $65.53 per share, and 8 of the 10 models we run sit above the $22.83 price. Bear case: the Multiples group reads lowest at $13.87, and 2 of the 10 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Titan Machinery Inc generated revenue of $2.4B at a net margin of −2.3%. Revenue declined 12.1% year over year. It earns a return on equity of −9.2%. Net debt stands at $798M. Fundamentals as of Aug 15, 2026

Our scenario range runs from $10.71 (bear case) to $49.23 (bull case); at $22.83, 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 share trades about 9% below its 52-week high and 73% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −39% fair-value upside, at 31%, TITN 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 $42.55 $67.18 $101.50 79
Growth DCF $42.53 $65.53 $96.29 78
5Y EBITDA Exit $21.16 $31.11 $42.18 76
All 10 models by family
DCF Models
FCF DCF $42.55 $67.18 $101.50 79
5Y Revenue Exit $39.40 $66.26 $100.87 71
5Y EBITDA Exit $21.16 $31.11 $42.18 76
10Y Revenue Exit $38.89 $62.63 $95.31 66
10Y EBITDA Exit $29.32 $39.97 $53.23 69
Multiples
EV/EBITDA $9.00 $13.87 $18.73 66
EV/Revenue $39.35 $58.61 $77.88 53
Asset-Based
NCAV (Graham) $12.43 $16.66 $24.86 54
Growth DCF
Growth DCF $42.53 $65.53 $96.29 78
Rev-Margin DCF $39.40 $66.27 $98.44 72

Widest divergence: Growth DCF ($65.53) versus Multiples ($13.87). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/S ratio 0.20 TTM
EPS (TTM) $−2.35
Net margin −2.2% FY2026
Return on equity −9.2% TTM
Return on assets (EBIT) 5.9% avg 5y
Operating margin −1.0% TTM
More key figures
Growth
Revenue (TTM) $2.4B TTM
Revenue growth (YoY) −12.1% 3y avg +3.2%
EPS growth (YoY) −28.6%
Balance sheet & cash flow
Free cash flow $115M FY2026
Net debt $798M FY2026 · ≈ 6.9 yrs of FCF

Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 43

Profitability 31
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 20
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 64
Distance to the 52-week high (market factor)
Net Issuance 75
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

Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. The company operates through four segments: Agriculture, Construction, Europe, and Australia.

Full company description

Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. The company operates through four segments: Agriculture, Construction, Europe, and Australia. It sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers. The company offers agricultural equipment, including machinery and attachments for use in the production of food, fiber, feed grain, feedstock, and renewable energy; and home and garden applications, as well as maintenance of commercial, residential, and government properties. It also provides construction equipment, such as heavy construction machinery, light industrial machinery for commercial and residential construction, and road and highway construction machinery. In addition, the company offers repair and maintenance services that include warranty repairs, off-site and on-site repair services, scheduling off-season maintenance services, and notifying customers of periodic service requirements; and training programs to customers, as well as sells maintenance and replacement parts. Further, the company rents equipment; and provides ancillary equipment support services, such as equipment transportation, global positioning system signal subscriptions and other precision farming products, farm data management products, and finance and insurance products. It operates in Colorado, Idaho, Iowa, Kansas, Minnesota, Nebraska, North Dakota, South Dakota, Wisconsin, and Wyoming, the United States; Bulgaria, Germany, Romania, and Ukraine, Europe; and New South Wales, South Australia, and Victoria, and Australia. The company was founded in 1980 and is headquartered in West Fargo, North Dakota.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Titan Machinery Inc reported revenue of $2.4B in FY2026 versus $1.7B in FY2022, a compound +9.1%/yr. Reported net income was −$54.2M in FY2026.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
$2.4B
Latest YoY
−10.2%
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.
+3.2%
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.
+11.5%
Avg. revenue growth/yr (23Y) 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.
+16.9%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Revenue +9.1%/yr
FY22 $1.7B
FY23 $2.2B
FY24 $2.8B
FY25 $2.7B
FY26 $2.4B
Net income
FY22 $66.0M
FY23 $102M
FY24 $111M
FY25 −$36.9M
FY26 −$54.2M

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Cite: Fair Value Calculator (2026). "Titan Machinery Inc Fair Value". https://www.fairvalue-calculator.com/stock/TITN

Recent news

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

Peer Group

Industrial Distribution · 112 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 48 · Bottom 25%
Fair Value upside +31% · Above median
Return on assets 0% · Bottom 25%
Net margin (TTM) −2% · Bottom 25%
Operating margin (TTM) −1% · Bottom 25%
Revenue growth −12% · Bottom 25%
Debt / equity 0.27× · Higher than median

Valuation Multiples vs Industrial Distribution median · lower = cheaper

P/B 0.81× · Cheaper than median
P/S (TTM) 0.20× · Cheaper than 75% of peers
P/FCF 4.1× · Pricier than median
EV/EBITDA 17.0× · Pricier than 75% of peers
PEG 1.77× · Pricier than median

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
VALUE75 · sector 33
FUTURE0 · sector 18
PAST0 · sector 35
HEALTH86 · sector 91
DIVIDEND0 · sector 37

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

Similar stocks

10 more Industrial Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).

Stock Price Fair Value vs Fair Value
W.W. Grainger, Inc GWW $1,306 $613.88 −53%
Fastenal Company FAST $51.14 $20.64 −60%
Ferguson Enterprises Inc FERG $245.18 $148.98 −39%
WESCO International, Inc WCC $347.60 $213.01 −39%
Watsco, Inc WSO $313.05 $251.37 −20%
Toromont Industries Ltd TIH C$199.59 C$127.90 −36%
Applied Industrial Technologies, Inc AIT $319.11 $191.65 −40%
Finning International Inc FTT C$93.86 C$76.38 −19%
Addtech AB ADDTB kr 344.00 kr 156.35 −55%
Core & Main, Inc CNM $45.45 $49.47 +9%

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Frequently asked questions

Is Titan Machinery Inc (TITN) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of $29.97 versus a price of $22.83, about +31% upside (undervalued).
What is the fair value of TITN?
Our model-based fair value for Titan Machinery Inc is $29.97 (as of Aug 15, 2026), built from audited fundamentals. The current price: $22.83.
What is the quality score of TITN?
Titan Machinery Inc has a Quality Score of 48/100. 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 Titan Machinery Inc (TITN)?
Titan Machinery Inc reported trailing-twelve-month revenue of about $2.4B (latest available figure, as of Aug 15, 2026).
What is the net profit margin of TITN?
The net profit margin of Titan Machinery Inc is about −2.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
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