Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.58, read 2026-10-23
Ethical does not pass the values gate
Price16.01 USD
Fair value24.35
Ethical score10.0/100
RatingAVOID
Our investment reviews on this name
2026-10-11Read Distribution18.50-13.5% to today ✓Markup gives way to Distribution first Distribution read since July
2026-10-02Read Markup18.50-13.5% to today Markdown gives way to Markup
2026-08-28Read Markdown18.76-14.7% to today ✓Distribution gives way to Markdown while volume still accumulates
2026-07-02Read Distribution19.55-18.1% to today ✓First review on file: Distribution
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
EquipmentShare.com Inc. holds its Markup at $16.01. Consolidating, no directional conviction, held for 67 days.
As held on the ledger · 2026-10-23
Phase
Markup
Quantitative state
Consolidating, no directional conviction, held for 67 days
Price at the screen
$16.01
Valuation
126.82 trailing · 15.34 forward price to earnings
Values screen
FAIL· score 10.0
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
64.13%
Below 33%
Interest-bearing debt is 64.1% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
5.65%
Below 33%
Cash held in interest-bearing accounts and securities is 5.6% of assets, under the one-third limit.
Pass
Receivables
0.00%
Below 49%
Money owed to the company is 0.0% of assets, under the 49% limit.
Pass
Revenue purity
0.11%
Below 5%
Only 0.1% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
EquipmentShare.com's business is in a permissible area, but its interest-bearing debt is about 64% of the company, well over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-10-27. It updates when the underlying figures move, and past reads are kept below.
Follow this verdict
Get an email when EQPT's ethical verdict changes
Today EQPT does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
Free, no account needed. Every email has a link to stop.
What the Numbers Say It Is Worth
The Fair Value Range
Our analysis reads AVOID: it trades at roughly a 75% discount to our $24.35 fair value, weak competitive moat, 26.30% revenue growth.
Fair value range in USD, drawn from the 2026-10-23 screen. The gold marker is the market price at the same screen. A 74.5% margin of safety to the base estimate.
Third-party analyst targets: 10 covering, consensus Buy. The average target sits +91% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-10-23 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Why this fast growing equipment rental firm gets avoided
Construction sites need diggers and platforms on demand yet EquipmentShare cannot turn its 38% revenue growth into any profit at all. The ethical screen fails outright on debt levels and the business shows a weak moat with just 2% return on equity. We pass for those reasons even though the shares sit well below our own fair value.
Forward earnings sit at 15.6 times while margins remain at zero. Analyst targets look optimistic but ignore the structural limits of a low return rental model that carries heavy leverage. Cyclical demand swings only add to the fragility.
High debt and thin profitability create real downside if construction spending slows. The combination of ethical failure and weak returns outweighs any apparent discount. Analysis, not advice.
The risks · The things to watch: it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
EQPT trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-25Distribution$13.95-9.2%Entry 9
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 9.2% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Our forward projection puts the odds of a 10% gain over the next month near 15%. The street (9 analysts) rates it buy, with a mean price target of $41.
2026-10-18Distribution$15.37-16.9%Entry 8
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 16.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 15%. The street (9 analysts) rates it buy, with a mean price target of $41.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 15%. The street (9 analysts) rates it buy, with a mean price target of $41.
2026-10-02Markup · changed$18.50-1.4%Entry 6
The framework has shifted from markdown to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 1.4% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 15%. The street (9 analysts) rates it buy, with a mean price target of $41.
2026-08-28Markdown · changed$18.76+12.9%Entry 5
The framework has shifted from distribution to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 12.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 15%. The street (9 analysts) rates it buy, with a mean price target of $41.
2026-07-27Distribution$16.62-15.0%Entry 4
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 15.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 15%. The street (9 analysts) rates it buy, with a mean price target of $41.
2026-07-18Distribution$19.55+0.0%Entry 3
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 15%. The street (9 analysts) rates it buy, with a mean price target of $41.
2026-07-03Distribution$19.55+0.0%Entry 2
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.
2026-07-02Distribution$19.55Entry 1
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.