PACCAR 2011 Annual Report Download - page 25

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
STOCKHOLDER RETURN PERFORMANCE GRAPH
The following line graph compares the yearly percentage change in the cumulative total stockholder return on the
Company’s common stock, to the cumulative total return of the Standard & Poor’s Composite 500 Stock Index
and the return of two industry peer groups of companies identified in the graph (the Current Peer Group Index
and the Prior Peer Group Index) for the last five fiscal years ending December 31, 2011. Effective January 1, 2011,
the Company revised its peer group to better reflect global manufacturing and the cyclicality of the commercial
vehicle industry. Standard & Poor’s has calculated a return for each company in both the Current Peer Group
Index and the Prior Peer Group Index weighted according to its respective capitalization at the beginning of each
period with dividends reinvested on a monthly basis. Management believes that the identified companies and
methodology used in the graph for the peer group indices provides a better comparison than other indices
available. The Current Peer Group Index consists of AGCO Corporation, Caterpillar Inc., Cummins Inc., Dana
Holding Corporation, Deere & Company, Eaton Corporation, Meritor Inc., Navistar International Corp., Oshkosh
Corporation, Scania AB and AB Volvo. The Prior Peer Group Index consists of Caterpillar Inc., Cummins Inc.,
Danaher Corporation, Deere & Company, Dover Corporation, Eaton Corporation, Harley-Davidson, Inc.,
Honeywell International Inc., Illinois Tool Works Inc., Ingersoll-Rand Company Ltd. and United Technologies
Corporation. The comparison assumes that $100 was invested on December 31, 2006 in the Company’s common
stock and in the stated indices and assumes reinvestment of dividends.
100
2006 2007 2008 20092010 2011
150
200
50 50
100
150
200
PACCAR Inc
Prior Peer Group Index
Current Peer Group Index
S&P 500 Index
2006 2007 2008 2009 2010 2011
PACCAR Inc 100 129.80 69.63 89.91 144.20 97.35
S&P 500 Index 100 105.49 66.46 84.05 96.71 98.76
Current Peer Group Index 100 146.02 68.16 100.58 176.38 149.33
Prior Peer Group Index 100 128.24 75.57 104.09 145.81 138.47