Oshkosh (LTS:0KDI) Piotroski F-Score: 5 (As of Jun. 25, 2026) — 17% Below Median


LTS:0KDI Oshkosh Corp LTS:0KDI
91 GF Score
Price $141.50
GF Value $119.00
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Oshkosh Piotroski F-Score?

Oshkosh LTS:0KDI -0.17% 91 Piotroski F-Score is 5 as of Jun. 25, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates LTS:0KDI with a GF Score™ of 91/100 and a GF Value™ of $119.00 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 207 Farm & Heavy Construction Machinery companies, Oshkosh ranks better than 59.9% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Oshkosh has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Oshkosh's Piotroski F-Score or its related term are showing as below:

LTS:0KDI' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Oshkosh was 9. The lowest was 3. And the median was 6.

Oshkosh  (LTS:0KDI) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Oshkosh Piotroski F-Score Related Terms


Oshkosh Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Oshkosh's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Oshkosh Piotroski F-Score Chart

Oshkosh Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 7.00 6.00 5.00

Oshkosh Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 5.00 5.00 5.00 5.00

LTS:0KDI vs AGCO, TEX, FSS: Piotroski F-Score Comparison

For the Farm & Heavy Construction Machinery subindustry, Oshkosh's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Oshkosh Piotroski F-Score vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Oshkosh's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Oshkosh's Piotroski F-Score falls into.


LTS:0KDI
91GF Score
Oshkosh Corp LTS:0KDI
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 204.8 + 196.2 + 133.8 + 43.1 = $578 Mil.
Cash Flow from Operations was 89.2 + 489 + 600.1 + -161 = $1,017 Mil.
Revenue was 2732.1 + 2688.6 + 2688.8 + 2317.8 = $10,427 Mil.
Gross Profit was 524.5 + 470.5 + 424.1 + 311.9 = $1,731 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(9761.4 + 10016.1 + 9840.5 + 10072.4 + 9961.1) / 5 = $9930.3 Mil.
Total Assets at the begining of this year (Mar25) was $9,761 Mil.
Long-Term Debt & Capital Lease Obligation was $601 Mil.
Total Current Assets was $5,106 Mil.
Total Current Liabilities was $3,125 Mil.
Net Income was 168.6 + 180.3 + 153.1 + 112.2 = $614 Mil.

Revenue was 2846.9 + 2741.4 + 2598.1 + 2312.8 = $10,499 Mil.
Gross Profit was 546.1 + 506 + 447.3 + 399.9 = $1,899 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(9471 + 9721.5 + 9875.9 + 9423.1 + 9761.4) / 5 = $9650.58 Mil.
Total Assets at the begining of last year (Mar24) was $9,471 Mil.
Long-Term Debt & Capital Lease Obligation was $1,099 Mil.
Total Current Assets was $4,851 Mil.
Total Current Liabilities was $2,748 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Oshkosh's current Net Income (TTM) was 578. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Oshkosh's current Cash Flow from Operations (TTM) was 1,017. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=577.9/9761.4
=0.05920257

ROA (Last Year)=Net Income/Total Assets (Mar24)
=614.2/9471
=0.0648506

Oshkosh's return on assets of this year was 0.05920257. Oshkosh's return on assets of last year was 0.0648506. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Oshkosh's current Net Income (TTM) was 578. Oshkosh's current Cash Flow from Operations (TTM) was 1,017. ==> 1,017 > 578 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=600.6/9930.3
=0.06048156

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1099.2/9650.58
=0.11389989

Oshkosh's gearing of this year was 0.06048156. Oshkosh's gearing of last year was 0.11389989. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=5106.4/3125.4
=1.63383887

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=4851.2/2748.3
=1.76516392

Oshkosh's current ratio of this year was 1.63383887. Oshkosh's current ratio of last year was 1.76516392. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Oshkosh's number of shares in issue this year was 63.301. Oshkosh's number of shares in issue last year was 65.072. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1731/10427.3
=0.16600654

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1899.3/10499.2
=0.1808995

Oshkosh's gross margin of this year was 0.16600654. Oshkosh's gross margin of last year was 0.1808995. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=10427.3/9761.4
=1.06821767

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=10499.2/9471
=1.10856298

Oshkosh's asset turnover of this year was 1.06821767. Oshkosh's asset turnover of last year was 1.10856298. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+0+1+0+0
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Oshkosh has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Oshkosh (LTS:0KDI) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Oshkosh and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Oshkosh's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Oshkosh ranks #83 out of 207 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 40.1%.
Is Oshkosh's Piotroski F-Score too high?
Oshkosh's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Farm & Heavy Construction Machinery industry median Piotroski F-Score is 5.00. Oshkosh's value of 5 is 0% at this industry median. Based on the distribution chart, Oshkosh ranks #83 out of 207 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Oshkosh has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oshkosh's Piotroski F-Score compare to AGCO and TEX?
According to the Farm & Heavy Construction Machinery industry distribution chart, Oshkosh ranks #83 out of 207 companies for Piotroski F-Score. This puts Oshkosh in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Oshkosh's value of 5 is 0% at this benchmark. Historically, Oshkosh's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Oshkosh has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Farm & Heavy Construction Machinery company?
The median Piotroski F-Score among Farm & Heavy Construction Machinery companies is 5.00, based on 207 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Oshkosh's current Piotroski F-Score of 5 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Oshkosh and its competitors. For the Farm & Heavy Construction Machinery industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oshkosh's current Piotroski F-Score is 5, which is 17% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oshkosh stock overvalued right now?
Based on GuruFocus' analysis, Oshkosh (LTS:0KDI) is currently considered Modestly Overvalued. The stock's GF Value™ is $119.00, compared to a current price of $141.50 — trading 18.9% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Farm & Heavy Construction Machinery industry median of 5.00. Oshkosh's overall GF Score™ is 91/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Oshkosh (LTS:0KDI), the current Piotroski F-Score is 5 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Oshkosh (LTS:0KDI) Overvalued in 2026?

Based on GuruFocus' analysis, Oshkosh stock appears to be overvalued. The current stock price of $141.50 is trading 18.9% above its estimated GF Value™ of $119.00. GuruFocus considers Oshkosh to be Modestly Overvalued.

Key valuation signals for LTS:0KDI:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: $119.00 vs. price of $141.50 (18.9% above fair value)
  • GF Score™: 91/100 with 6 warning signs
  • Industry Position: 0% at the Farm & Heavy Construction Machinery median (#83 of 207)

No single metric tells the full story. See the LTS:0KDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Oshkosh Business Description

Other Exchanges OSK:USAOK3:Germany
Address 1917 Four Wheel Drive, Oshkosh, WI, USA, 54902
Oshkosh is a leading maker of access equipment, specialty vehicles, and military trucks. It serves diverse end markets, including postal, firefighting, refuse/recycling collection, aviation, and construction. It is typically the market share leader or No. 2 player in North America, or even the global leader in the case of its JLG aerial work platform business. The transport segment is a leading provider of light trucks to the military and vehicles to the Postal Service. The vocational segment, featuring brands such as Pierce, AeroTech, and Volterra, offers purpose-built vehicles and equipment to municipalities. The company reports three segments—Access equipment (45% of revenue), Vocational (35%), and Transport (20%) on 2025 revenue of $10.4 billion.
91GF Score

Get the complete analysis for LTS:0KDI

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$141.50
Price
$119.00
GF Value