Is Winnebago Industries, Inc. overvalued or undervalued?

As of 20 December 2024, Winnebago Industries, Inc. has moved from a fair to a risky valuation grade. The company is currently considered overvalued based on its financial metrics. The P/E ratio stands at 58, significantly higher than the industry average, while the EV to EBITDA ratio is at 32.03, indicating a premium valuation relative to earnings before interest, taxes, depreciation, and amortization.
In comparison to its peers, Winnebago's P/E ratio of 54.9975 is notably higher than Acushnet Holdings Corp. at 18.51 and Hayward Holdings, Inc. at 22.84, both of which are classified as expensive. Additionally, Polaris Inc., which is rated very attractive, has a much lower EV to EBITDA ratio of 9.20. The company's recent stock performance has also been poor, with a year-to-date return of -34.41%, contrasting sharply with the S&P 500's positive return of 2.44% during the same period.