VSE Corporation (VSEC) is a publicly traded company in the Industrials — Aerospace & Defense industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
VSE Corporation engages in providing aviation aftermarket parts distribution and maintenance, repair, and overhaul services for air transportation assets for commercial and government markets. It offers its services to global client base of commercial airlines, regional airlines, air cargo transporters, MRO integrators and providers, aviation manufacturers, corporate and private aircraft owners, and fixed-base operators.
Is VSE Corporation stock overvalued or undervalued in 2026?
As of October 6, 2026, VSE Corporation (VSEC) trades at 59.1× earnings (P/E), against a median of 26.1× across the 405 industrials companies above $2bn in Kaplio's universe. Kaplio's verdict: expensive. At the decade median (19.5×) $53 (-67 %); at its sector median (26.1×) $71 (-56 %).
Kaplio overview: VSE Corporation
Market cap $5B · 52 weeks $155 – $243 (31 % below the high) · P/E 59.1× · 2027 expected P/E 19.7× · Dividend 0.2 % · Next earnings October 26, 2026 · expected EPS $1.75 · Closing price, Oct 6 · accounts published Aug 5.
- Valuation: P/E 59.1× (expensive).
- Business: ROIC 3 % (weak).
- Balance sheet: Net debt/EBITDA 2.1× (solid).
- Earnings: 8 of 8 (on track).
What would it be worth at its usual multiples?
At the decade median (19.5×) $53 (-67 %); at its sector median (26.1×) $71 (-56 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in industrials: 3 of 10 pass
- 5y revenue growth −2.7 %, fails.
- ROIC 2.8 %, fails.
- FCF conversion 10.7 %, fails.
- Capex / Revenue 1.9 %, fails.
- P/E vs own 10y history 59.1×, fails.
- Cycle-adjusted EV/EBITDA 32.0×, fails.
- Operating margin 11.2 %, borderline.
- Net debt / EBITDA 2.1×, passes.
- Altman Z-Score 5.1, passes.
- Piotroski F-Score 6 de 9, passes.
Against its peers (reference peers) — VSE Corporation: P/E 59.1×; EV/EBITDA 32.0×; ROIC 2.8 %; $4.5B. AAR Corp. (P/E 21.2×; EV/EBITDA 12.2×; ROIC 7.7 %; $4.2B), MYR Group Inc. (P/E 30.8×; EV/EBITDA 15.7×; ROIC 17.9 %; $5.1B), Atmus Filtration Technologies Inc. (P/E 17.5×; EV/EBITDA 12.5×; ROIC 16.8 %; $3.7B).
Expensive or cheap against its last ten years?
P/E at each close: today 59.1× · median 19.5× · minimum 4.4× · maximum 133× · cheap below 12.0× · expensive above 42.7×. It has been cheaper than today 80% of the time over its last ten years.
Dividend
tight · Yield 0.24 % ($0.39 per share in 2025) · 5-year growth +2 % a year · Free cash flow coverage -4.7× · With $1,000 invested today you'd collect $2.40 a year ($0.20 a month).
Profitability
| Return on Equity | 3.73% |
| Return on Invested Capital | 2.83% |
| Return on Assets | 1.70% |
| Gross Margin | 13.97% |
| Operating Margin | 11.16% |
| Net Margin | 5.52% |
Financial Health
| Debt / Equity | 0.35 |
| Current Ratio | 3.77 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 5.14 |
Price Performance
| 1 month | -17.38% |
| 3 months | -21.41% |
| Year-to-date | -2.48% |
| 1 year | +3.60% |
| 3 years | +206.89% |
| 5 years | +248.17% |
| 10 years | +415.54% |
Dividend History
Paid in the last 12 months: $0.4000 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-10-15 | $0.1000 |
| 2026-07-15 | $0.1000 |
| 2026-04-15 | $0.1000 |
| 2026-01-15 | $0.1000 |
| 2025-10-15 | $0.1000 |
| 2025-07-16 | $0.1000 |
| 2025-05-01 | $0.1000 |
| 2025-01-23 | $0.1000 |
| 2024-11-06 | $0.1000 |
| 2024-07-17 | $0.1000 |
Amounts adjusted for stock splits.
Related companies: FLY · MYRG · WSC · EXPO · PL · ATMU · SNDR · AIR
Explore sector: Industrials · Aerospace & Defense
More sections of VSEC: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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