Wabash National Corporation (WNC)

Wabash National Corporation (WNC) — VMCI valuation read

Wabash National Corporation sits at VMCI 56/100, with the Industrials sector median at 50. That 6-point spread is the first thing to note on WNC: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on WNC are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on WNC: WNC trades at 22.0x earnings, 22% above the Industrials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 8.0% trails the Industrials median (10.0%) by 2.0pp. The Risk read: net debt to EBITDA of -1.3x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

WNC fell 3.4% over the trailing 7 days, with a +3.2% read on a 30-day basis.