AAON

AAON, Inc.

Industrials · $7.0B market cap

Verdict

Share price

$83.27

close of Oct 3, 2026

Fair value

$29.27

Sticker Price

Payback Price

$11.71

buy price

Overpriced

AAON is Overpriced: at $83.27 it trades 184% above its fair value of $29.27. Its buy price (Payback Price) is $11.71, 86% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth12.8% a year✓
Equity per share growth11.3% a year✓
Sales growth7.5% a year✗
Free cash flow growth1.5% a year✗
Return on invested capital16.1%✓

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Superinvestors

1 of the investors we track holds AAON. In Q1 2026, 1 opened a position. Who we track

Moves in Q1 2026

New position: Francois Rochon

Insider activity

Since Aug 28, 2026: 1 open-market purchase worth $35K and 3 other filings (stock awards, tax withholding and similar). Why purchases matter

Purchases

Other filings

About AAON, Inc.

AAON, Inc., along with its affiliated companies, focuses on the engineering, manufacturing, promotion, and sale of heating and air conditioning systems throughout the United States and Canada. The enterprise's operations are divided into three distinct divisions: AAON Oklahoma, AAON Coil Products, and BasX. Its comprehensive product portfolio features a wide array of HVAC solutions, including rooftop units…

Industrial - Machinery

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works