Is Winnebago Industries, Inc. overvalued or undervalued?

As of 20 December 2024, the valuation grade for Winnebago Industries, Inc. has moved from expensive to risky, indicating a shift towards a more cautious outlook. The company appears to be overvalued based on its current metrics, with a P/E ratio of 58, significantly higher than the industry average, and an EV to EBITDA ratio of 16.26. Additionally, the Price to Book Value stands at 1.26, suggesting that the stock is trading at a premium compared to its book value.
In comparison to its peers, Winnebago's P/E ratio is notably higher than Hasbro, Inc. at 32.83 and Mattel, Inc. at 13.72, both of which are more favorably valued. The company's return performance has been poor, with a year-to-date return of -29.47% compared to the S&P 500's 12.22%, reinforcing the notion that it is overvalued in the current market context.