Winnebago Industries Inc (WGO) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Winnebago Industries Inc stock $26.68, price $31.34, that is 14.9% below the price, quality 64 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range $22.67 – $69.56 · fair‑value band $20.01 – $33.35 · the $31.34 price screens above the $26.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.
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Winnebago Industries, Inc. manufactures and sells recreation outdoor lifestyle products primarily for use in leisure travel and outdoor recreation activities. It operates through three segments: Towable RV, Motorhome RV, and Marine.
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The company provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters, such as conventional travel trailers, fifth wheels, folding camper trailers, truck campers, and park models under the Winnebago and Grand Design brand names.
It also offers motorhome RV, a self-propelled mobile dwelling used primarily as temporary living quarters during vacation and camping trips, or to support active and mobile lifestyles under the Winnebago, Newmar, and Grand Design brand names.
In addition, the company offers other specialty commercial vehicles for law enforcement command centers, mobile medical clinics, and mobile office spaces; commercial vehicles as bare shells to third-party up fitters, as well as manufactures and sells recreational boats under the Chris-Craft and Barletta brand names.
Further, it is involved in the original equipment manufacturing of parts for other manufacturers and commercial vehicles. The company sells its products primarily through independent dealers in the United States, Canada, and internationally.
Winnebago Industries, Inc. was incorporated in 1958 and is based in Eden Prairie, Minnesota.
Stock analysis
Winnebago Industries Inc (WGO) currently trades at $31.34, while our model-based Fair Value estimate is $26.68, 15% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $48.32 per share, and 12 of the 26 models we run sit above the $31.34 price.
Bear case: the Asset-Based group reads lowest at $7.47, and 14 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $20.01 (bear) to $33.35 (bull), the price of $31.34 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Winnebago Industries Inc reported revenue of $2.7B in FY2026 versus $5.0B in FY2022, a compound −14.1%/yr. Reported net income was $34.5M in FY2026, compounding −45.5%/yr from FY2022.
Key figures
Market cap $890M Small · P/E ratio 25.9 · P/S ratio 0.33 · EPS (TTM) $1.21 · Dividend yield 4.5% · Net margin 1.3% · Return on equity 2.8% · Return on assets (EBIT) 9.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 36% below its 52-week high and 38% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 47% fair-value upside, at −15%, WGO screens richer than that median.
Fair Value models
Bear$20.01Fair Value $26.68Bull$33.35
Price $31.34 · Downside -14.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 3 officers or directors sold shares worth $988,803 and none bought.
SaleStacy L BogartSVP-Chief Legal Officer14,146 shares at $33.73$477,145Nov 5, 2026
SaleBret A WoodsonSVP-CHRO2× since Aug 13, 2026: 3,649 shares, avg. $32.35$118,028Aug 19, 202610b5-1 plan
SaleMichael J HappePRESIDENT & CEO, Director12,045 shares at $32.68$393,631Aug 13, 202610b5-1 plan
Plus 32 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−3.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−8.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−5.7%
Start year 2021 (pandemic). Over 10 years: +10.7% a year
Revenue growth 41 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−27.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−31.9%
Dividend (yield on the price)4.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−31.9% vs −3.2%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 2%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes more growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−2.2%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −4.5% a year for the price and +1.2% for the forecasts.
Compare Winnebago Industries Inc with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Recreational Vehicles · 32 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside−14.9% · Below median
Profitability
Return on equity (12 months)2.8% · Below median
Return on assets1.6% · Below median
Net margin (12 months)1.3% · Below median
Operating margin (12 months)2.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)−17.0% · Bottom 25%
Dividend yield (12 months)4.5% · Top 25%
Balance sheet
Debt / equity0.36× · Above median
Valuation Multiplesvs Recreational Vehicles median · lower = cheaper
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Is Winnebago Industries Inc (WGO) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of $26.68 versus a price of $31.34, about 15% lower (overvalued).
What is the fair value of WGO?
Our model-based fair value for Winnebago Industries Inc is $26.68 (as of Nov 9, 2026), built from audited fundamentals. The current price: $31.34.
What is the quality score of WGO?
Winnebago Industries Inc has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Winnebago Industries Inc (WGO)?
Our model-based price target is the fair value of $26.68 (as of Nov 9, 2026) from 26 valuation models. Cautious scenario $20.01, optimistic scenario $33.35. It is a calculation from audited fundamentals, not an analyst target.
What is the Winnebago Industries Inc stock forecast for 2026?
Our models put fair value at $26.68, about 15% lower versus a price of $31.34 (overvalued). Cautious scenario $20.01, optimistic scenario $33.35. The calculation is refreshed regularly with new filings.
What is the revenue of Winnebago Industries Inc (WGO)?
Winnebago Industries Inc reported trailing-twelve-month revenue of about $2.7B (latest available figure, as of Nov 9, 2026).
Does Winnebago Industries Inc pay a dividend?
Winnebago Industries Inc currently shows a dividend yield of 4.50% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Winnebago Industries Inc (WGO) and when is the ex-dividend date?
Winnebago Industries Inc pays a dividend of $1.41 per share a year, a dividend yield of 4.5%. The last ex-dividend date was Sep 9, 2026. A dividend has been paid every year since 2014. The payout ratio is 117% of earnings. Free cash flow covers the dividend 3.61 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Winnebago Industries Inc (WGO)?
For today's price to be fair in a discounted-cash-flow model, Winnebago Industries Inc would have to grow free cash flow by -2.2 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -5.7 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of WGO use?
Our models discount Winnebago Industries Inc at 11.8 %: a base by market capitalisation (small), damped by beta 1.18, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Winnebago Industries Inc that is -2.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Winnebago Industries Inc (WGO) delivered so far?
Over the past 5 years revenue at Winnebago Industries Inc grew -5.7 % a year. The price currently implies free-cash-flow growth of -2.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Winnebago Industries Inc (WGO) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Winnebago Industries Inc (-2.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Winnebago Industries Inc (WGO)?
The free-cash-flow yield on the price is 16.25 %: that much free cash flow Winnebago Industries Inc produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Winnebago Industries Inc (WGO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Winnebago Industries Inc it is $26.68 per share (as of Nov 9, 2026), against a price of $31.34. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Winnebago Industries Inc stock overvalued or undervalued in 2026?
As of Nov 9, 2026, WGO trades above its calculated fair value: price $31.34, fair value $26.68, a gap of about −15% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of WGO?
No. The price is what the market pays today ($31.34); the fair value is what the company's own numbers justify ($26.68). For Winnebago Industries Inc the two are $4.66 per share apart. That gap is exactly why we show both numbers side by side.
How much is Winnebago Industries Inc worth?
The market values Winnebago Industries Inc at about $890M (market capitalisation, as of Nov 9, 2026). Per share that is $31.34; our models calculate a fair value of $26.68 per share.
What do the bullish and bearish scenarios say about WGO?
Our models span a range for Winnebago Industries Inc: cautious scenario $20.01, base $26.68, optimistic $33.35 per share (as of Nov 9, 2026, price $31.34). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WGO?
Winnebago Industries Inc trades at a price-to-earnings ratio of 25.9 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $26.68 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings, 7 of the years ex one-offs: 13.1. Other multiples: PEG 0.3, P/B 0.7, P/S 0.3, EV/EBITDA 9.0.
What is the PEG ratio of WGO?
The PEG ratio of Winnebago Industries Inc is 0.30 (P/E divided by earnings growth, as of Nov 9, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Winnebago Industries Inc (WGO)?
Balance-sheet figures for Winnebago Industries Inc (as of Nov 9, 2026): return on equity 2.8%, debt of 0.36 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is WGO from its 52-week high?
Winnebago Industries Inc trades at $31.34, about 36% below its 52-week high of $48.73 and 38% above the low of $22.67 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $26.68 is for.
Which stocks are comparable to Winnebago Industries Inc?
From the same area (Consumer Cyclical) we also value Zhejiang Cfmoto Power Co, Brunswick Corporation, BRP Inc, THOR Industries, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Winnebago Industries Inc stock attractive at the current price?
The data as of Nov 9, 2026: price $31.34, calculated fair value $26.68 (−15%), Quality Score 64/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of WGO calculated?
We run Winnebago Industries Inc through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $26.68 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Winnebago Industries Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Winnebago Industries Inc (WGO)?
The closing price on Nov 6, 2026 was $31.34. Our model-based fair value is $26.68, about 15% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Winnebago Industries Inc right now?
Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Winnebago Industries Inc (WGO) come from?
Earnings per share at Winnebago Industries Inc grew −8.4 % a year from 2015 to 2026. Broken into its drivers: revenue per share +10.1 %, EBIT margin −10.5 %, tax rate −0.4 %, residual (interest, one-offs) −6.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Winnebago Industries Inc
How large is the market capitalisation of Winnebago Industries Inc (WGO)?
The market capitalisation of Winnebago Industries Inc is $890M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Winnebago Industries Inc (WGO)?
The price-to-sales ratio of Winnebago Industries Inc is 0.33 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Winnebago Industries Inc (WGO)?
Earnings per share at Winnebago Industries Inc are $1.21 (price ÷ EPS = P/E 25.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Winnebago Industries Inc (WGO)?
The dividend yield of Winnebago Industries Inc is 4.5% (payout 117%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Winnebago Industries Inc (WGO)?
The net margin of Winnebago Industries Inc is 1.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Winnebago Industries Inc (WGO)?
The return on equity (ROE) of Winnebago Industries Inc is 2.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Winnebago Industries Inc (WGO)?
On an EBIT basis the return on assets of Winnebago Industries Inc is 9.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Winnebago Industries Inc (WGO)?
The operating margin of Winnebago Industries Inc is 2.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Winnebago Industries Inc (WGO)?
Revenue at Winnebago Industries Inc is growing −17.0% versus a year earlier (3y avg −8.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Winnebago Industries Inc (WGO)?
Earnings per share at Winnebago Industries Inc are growing −31.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Winnebago Industries Inc (WGO) carry?
The net debt of Winnebago Industries Inc is $313M (fiscal year 2026, ≈ 2.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 9, 2026