The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

8TRA.DE

Concerning the House

Traton SE, together with its subsidiaries, manufactures and sells commercial vehicles in Germany, rest of Europe, the United States of America, rest of North America, Brazil, rest of South America, and internationally. It operates through Scania Vehicles and Services; MAN Truck & Bus; International Motors; Volkswagen Truck & Bus; and TRATON Financial Services segments. The company offers heavy-duty trucks; light commercial options and durable construction vehicles; school buses under the IC Bus brand; commercial buses; vans, trucks, and buses; and diesel and gas engines, as well as services for passenger and freight transport. It provides a cloud-based platform for the transport and logistics industry under the RIO brand; after-sales services; and custom digital solutions, as well as operates charging stations for commercial vehicles. The company offers its products and services under the MAN, Scania, International, and Volkswagen Truck & Bus brands. In addition, it finances, insures, and leases commercial vehicles. The company was founded in 2015 and is headquartered in Munich, Germany. Traton SE is a subsidiary of Volkswagen International Luxemburg S.A.

Germany · traton.com

The Ledger
LineMar 2025Jun 2025Dec 2025Mar 2026
Revenue$10.61B$11.30B$11.73B$10.23B
Gross profit$2.19B$2.18B$2.14B$1.60B
Operating income$685.00M$639.00M$1.07B$112.00M
Net income$466.00M$246.00M$511.00M$225.00M
Diluted EPS0.930.45
Free cash flow-$277.00M-$935.00M-$25.00M-$506.00M
CapEx-$548.00M-$691.00M-$971.00M-$601.00M
Quotation

$37.06

-0.52 (-1.4%)

52w hi$41.28
52w lo$25.88
Vol116.60K
As ofAug 13
The Verdict

Hold

Our score +0.14

Short-0.13
Medium+0.16
Long+0.65

computed 2026-08-13

By the Numbers

Traton SE

Industrials · Farm & Heavy Construction Machinery

Market cap$18.53B
Enterprise value$45.08B
Trailing P/E10.47x
Forward P/E6.46x
EV / EBITDA9.47x
P / S (ttm)0.42x
Profit margin4.0%
Return on equity9.7%
Revenue growth+4.1%
Earnings growth+187.2%
Debt / equity149.39
Risk Metrics
Beta vs SPX0.48
Corr SPX0.21
Annual vol36.3%
Annual ret+18.0%
Sharpe0.50
Max DD-34.0%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.48
Sector+0.07
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$37.60$37.60$36.86$37.06116.60K
Aug 12$37.90$38.12$37.38$37.58175.08K
Aug 11$38.54$38.54$37.68$37.94138.98K
Aug 10$39.00$39.00$38.38$38.72139.33K
Aug 7$39.10$39.28$38.68$38.80131.63K