Camping World Holdings Inc (CWH) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Camping World Holdings Inc $4.32, price $5.36, upside -19.4%, quality 28 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $5.36 – $36.77 · fair‑value band $2.70 – $4.32 · the $5.36 price screens above the $4.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Camping World Holdings, Inc., together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates through two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.
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Camping World Holdings, Inc., together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates through two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry. It also offers extended vehicle service contracts; vehicle roadside assistance plans; property and casualty insurance; travel protection, travel planning, and directories; and publications, as well as operates the Coast to Coast Resorts and Good Sam Campgrounds. In addition, the company provides new and used RVs; vehicle financing; RV repair and maintenance services; protection plans and services; various RV parts, equipment, supplies, and accessories, which include towing and hitching products, satellite and GPS systems, electrical and lighting products, appliances and furniture, and other products; and collision repair services comprising fiberglass front and rear cap replacement, windshield replacement, interior remodel solutions, and paint and body work. Further, it offers co-branded credit cards; operates Good Sam Club, a membership organization that offers savings on a range of products and services; and facilitates an RV rental platform that connects travelers with RV owners. The company serves customers through dealerships and service centers, and online and e-commerce platforms. Camping World Holdings, Inc. was founded in 1966 and is headquartered in Lincolnshire, Illinois.
Stock analysis
Camping World Holdings Inc (CWH) currently trades at $5.36, while our model-based Fair Value estimate is $4.32, implying the stock looks roughly 24.1% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $31.74 per share, and 5 of the 6 models we run sit above the $5.36 price.
Bear case: the Asset-Based group reads lowest at $2.41, and 1 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: $2.70 (bear) to $4.32 (bull), the price of $5.36 sits above 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 28/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Camping World Holdings Inc reported revenue of $6.4B in FY2025 versus $6.9B in FY2021, a compound −2.0%/yr. Reported net income was −$89.8M in FY2025.
Key figures
Market cap $493M · P/S ratio 0.08 · EPS (TTM) $−1.49 · Dividend yield 7.0% · Net margin −1.4% · Return on equity −26.6% · Return on assets (EBIT) 8.4% · Operating margin 1.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 69% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 9% fair-value upside, at −19%, CWH screens richer than that median.
Fair Value models
Bear $2.70Fair Value $4.32Bull $4.32
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.
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.18/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+4.4%
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.
−2.9%
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.
+3.2%
Start year 2020 (pandemic). Over 10 years: +6.9% a year
Revenue growth 12 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.
+8.6%
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Profit margin (trend) ⓘ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.
8.7% (2020) → 2.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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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.Auto & Truck Dealerships · 104 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside−19% · Below median
Profitability
Return on assets2% · Below median
Net margin (TTM)−1% · Bottom 25%
Operating margin (TTM)2% · Below median
Growth and dividend
Revenue growth−4% · Below median
Dividend yield (TTM)7.0% · Top 25%
Balance sheet
Debt / equity6.18× · Highest 25%
Valuation Multiplesvs Auto & Truck Dealerships median · lower = cheaper
P/B2.16× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Camping World Holdings Inc Fair Value". https://www.fairvalue-calculator.com/stock/CWH
Frequently asked questions
Is Camping World Holdings Inc (CWH) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $4.32 versus a price of $5.36, about −19% upside (overvalued).
What is the fair value of CWH?
Our model-based fair value for Camping World Holdings Inc is $4.32 (as of Sep 23, 2026), built from audited fundamentals. The current price: $5.36.
What is the quality score of CWH?
Camping World Holdings Inc has a Quality Score of 28/100. 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 Camping World Holdings Inc (CWH)?
Our model-based price target is the fair value of $4.32 (as of Sep 23, 2026) from 6 valuation models. Cautious scenario $2.70, optimistic scenario $4.32. It is a calculation from audited fundamentals, not an analyst target.
What is the Camping World Holdings Inc stock forecast for 2026?
Our models put fair value at $4.32, about −19% upside versus a price of $5.36 (overvalued). Cautious scenario $2.70, optimistic scenario $4.32. The calculation is refreshed regularly with new filings.
What is the revenue of Camping World Holdings Inc (CWH)?
Camping World Holdings Inc reported trailing-twelve-month revenue of about $6.3B (latest available figure, as of Sep 23, 2026).
Does Camping World Holdings Inc pay a dividend?
Camping World Holdings Inc currently shows a dividend yield of about 7.00% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Camping World Holdings Inc (CWH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Camping World Holdings Inc it is $4.32 per share (as of Sep 23, 2026), against a price of $5.36. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Camping World Holdings Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, CWH trades above its calculated fair value: price $5.36, fair value $4.32, a gap of about −19% (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 CWH?
No. The price is what the market pays today ($5.36); the fair value is what the company's own numbers justify ($4.32). For Camping World Holdings Inc the two are $1.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is Camping World Holdings Inc worth?
The market values Camping World Holdings Inc at about $493M (market capitalisation, as of Sep 23, 2026). Per share that is $5.36; our models calculate a fair value of $4.32 per share.
What do the bullish and bearish scenarios say about CWH?
Our models span a range for Camping World Holdings Inc: cautious scenario $2.70, base $4.32, optimistic $4.32 per share (as of Sep 23, 2026, price $5.36). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of CWH?
The PEG ratio of Camping World Holdings Inc is 1.70 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Camping World Holdings Inc (CWH)?
Balance-sheet figures for Camping World Holdings Inc (as of Sep 23, 2026): return on equity −26.6%, debt of 6.18 per unit of equity. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is CWH from its 52-week high?
Camping World Holdings Inc trades at $5.36, about 69% below its 52-week high of $17.09 and at the low of $5.36 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $4.32 is for.
Which stocks are comparable to Camping World Holdings Inc?
From the same area (Consumer Cyclical) we also value Carvana Co, Penske Automotive Group, Hotai Motor Co, CarMax, 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 Camping World Holdings Inc stock attractive at the current price?
The data as of Sep 23, 2026: price $5.36, calculated fair value $4.32 (−19%), Quality Score 28/100, from 6 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 CWH calculated?
We run Camping World Holdings Inc through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $4.32, 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 14.1 % above its aggregate fair value. Camping World Holdings 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 Camping World Holdings Inc (CWH)?
The closing price on Sep 23, 2026 was $5.36. Our model-based fair value is $4.32, about −19% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Camping World Holdings Inc right now?
The price sits above even our optimistic bull case ($4.32). The favourable scenario is already priced in. Weak quality (28/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Camping World Holdings Inc
How large is the market capitalisation of Camping World Holdings Inc (CWH)?
The market capitalisation of Camping World Holdings Inc is $493M. 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 Camping World Holdings Inc (CWH)?
The price-to-sales ratio of Camping World Holdings Inc is 0.08 (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 Camping World Holdings Inc (CWH)?
Earnings per share at Camping World Holdings Inc are $−1.49. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Camping World Holdings Inc (CWH)?
The dividend yield of Camping World Holdings Inc is 7.0%. 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 Camping World Holdings Inc (CWH)?
The net margin of Camping World Holdings Inc is −1.4% (fiscal year 2025). 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 Camping World Holdings Inc (CWH)?
The return on equity (ROE) of Camping World Holdings Inc is −26.6% (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 Camping World Holdings Inc (CWH)?
On an EBIT basis the return on assets of Camping World Holdings Inc is 8.4% (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 Camping World Holdings Inc (CWH)?
The operating margin of Camping World Holdings Inc is 1.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Camping World Holdings Inc (CWH)?
Revenue at Camping World Holdings Inc is growing −4.2% versus a year earlier (3y avg −2.9%). 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 Camping World Holdings Inc (CWH)?
Earnings per share at Camping World Holdings Inc are growing +123% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Camping World Holdings Inc (CWH) generate?
The free cash flow of Camping World Holdings Inc is −$261M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Camping World Holdings Inc (CWH) carry?
The net debt of Camping World Holdings Inc is $3.9B (fiscal year 2025). 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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Sep 23, 2026