Rush Enterprises, Inc. (RUSHA) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-24.7%

$33.48

vs $44.47 price

Levered DCF

$206.83

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.88

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	10.67×	9.49×	7.83×	4.93×	8.59×	13.15×	5.32×	4.44×
P/B	1.28×	1.35×	1.45×	1.11×	0.94×	0.8×	0.65×	0.58×
P/S	0.38×	0.37×	0.34×	0.27×	0.27×	0.22×	0.13×	0.11×
EV / EBITDA	6.42×	6.22×	5.9×	4.5×	5.01×	5.69×	5.98×	5.6×
Gross margin	18.7%	19.6%	20.1%	20.9%	21.3%	18.5%	17.7%	17.8%
Operating margin	5.3%	6.0%	6.5%	7.1%	6.0%	3.3%	3.7%	3.7%
Net margin	3.5%	3.9%	4.4%	5.5%	4.7%	2.4%	2.4%	2.5%
Current ratio	1.4×	1.45×	1.35×	1.31×	1.32×	1.32×	1.14×	1.13×
Debt / equity	0.7×	0.81×	0.97×	0.82×	0.79×	0.96×	1.53×	1.59×
Interest coverage	8.17×	6.5×	9.54×	25.61×	127.33×	15.89×	7.1×	9.63×
Dividend yield	2.1%	1.9%	1.9%	2.3%	3.0%	2.2%	2.4%	1.5%
Payout ratio	22.1%	18.3%	14.6%	11.4%	17.0%	19.6%	12.9%	6.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	12.0%	14.2%	18.6%	22.4%	16.5%	9.1%	12.2%	13.0%
Return on invested capital	7.7%	8.7%	9.9%	11.6%	8.5%	4.4%	5.2%	5.3%
Return on assets	6.0%	6.6%	8.0%	10.2%	7.7%	3.8%	4.2%	4.3%
Free cash flow yield	20.3%	6.5%	-2.7%	2.7%	18.4%	61.4%	17.0%	-3.7%
Earnings yield	9.4%	10.5%	12.8%	20.3%	17.4%	11.3%	18.8%	22.5%
Enterprise value	$4.2B	$4.4B	$4.3B	$3.2B	$2.4B	$1.9B	$2.3B	$2.2B
Net debt / EBITDA	2.07×	2.13×	2.21×	1.76×	2.1×	2.68×	4.06×	4.01×
Cash conversion cycle (days)	93	106	106	92	89	84	103	111