Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical does not pass the values gate
Price170.14 USD
Fair value171.90
Ethical score70.0/100
Our investment reviews on this name
2026-10-02Read Markdown170.14+0.0% to today
2026-08-04Read Distribution174.77-2.6% to today ✓
2026-07-02Read Markup224.27-24.1% to today
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.
Landstar System, Inc. holds its Markdown at $170.14. Consolidating, no directional conviction, held for 43 days.
As held on the ledger · 2026-10-01
Phase
Markdown · caution
Quantitative state
Consolidating, no directional conviction, held for 43 days
Price at the screen
$170.14
Valuation
44.08 trailing · 22.20 forward price to earnings
Values screen
FAIL· score 70.0
Beta
0.89
The Workings
Five Screens, Shown in Full
Does not pass. Accounts receivable
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
8.16%
Below 33%
Interest-bearing debt is just 8.2% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
3.39%
Below 33%
Cash held in interest-bearing accounts and securities is 3.4% of assets, under the one-third limit.
Pass
Receivables
65.21%
Below 49%
Money owed to the company is 65.2% of assets, above the 49% limit.
Fail
Revenue purity
0.00%
Below 5%
Only 0.0% 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
Landstar System,'s business is fine, but its receivables are about 65% of its assets, well over the ~49% line, so it does not pass on the financial screens.
Read as at 2026-10-04. It updates when the underlying figures move, and past reads are kept below.
Fair value range in USD, drawn from the 2026-10-01 screen. The gold marker is the market price at the same screen. A 1.0% margin of safety to the base estimate.
Third-party analyst targets: 16 covering, consensus Hold. The average target sits +12% from the screen price.
Reading the gap · Our more conservative model reads it as roughly fairly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
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 2026-10-01 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
Logistics Broker Stuck With High Price Tag
Every time a pallet moves from a Midwest factory to a California warehouse, someone has to match the truck, the paperwork and the payment. Landstar sits in that middle seat, yet the business is barely growing. Revenue rose just 2 percent last year while the shares trade at 28.4 times forward earnings, well above our fair value of 173 dollars against a current price of 211 dollars.
We pass because the numbers do not justify the premium. Profit margins sit at only 3 percent, return on equity is a middling 14 percent and fifteen analysts already call the stock a hold with a median target below the current level. An unknown moat and single-digit growth leave little room for error when investors are paying for expansion that is not showing up.
The freight market is cyclical by nature, so today's modest earnings could easily mark a peak rather than a floor. Currency moves, fuel spikes and shipper pullbacks can compress volumes fast. Ethical screen cleared, but the valuation leaves no margin for those swings.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
LSTR 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
2026-10-02Markdown · changed$170.14-4.7%Entry 6
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 down 4.7% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 39% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 58%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (14 analysts) rates it hold, with a mean price target of $175.
2026-09-04Distribution$178.48+2.1%Entry 5
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 2.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 39% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 58%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (14 analysts) rates it hold, with a mean price target of $175.
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 22.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 39% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 58%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (14 analysts) rates it hold, with a mean price target of $175.
2026-07-18Markup$224.27+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 39% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 58%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (14 analysts) rates it hold, with a mean price target of $175.
2026-07-03Markup$224.27+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Markup$224.27Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
