Is Winnebago Industries, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for Winnebago Industries, Inc. has moved from very attractive to fair. The company is currently overvalued based on its high P/E ratio of 58, which significantly exceeds the industry average, and an EV to EBITDA ratio of 16.26, suggesting that investors are paying a premium for earnings before interest, taxes, depreciation, and amortization. Additionally, the Price to Book Value stands at 1.26, indicating that the stock is trading above its book value.
In comparison to peers, Winnebago's P/E ratio is notably higher than Hasbro, Inc. at 32.83 and Thor Industries, Inc. at 32.05, both of which are considered expensive. The company's recent stock performance has been poor, with a year-to-date return of -23.38%, contrasting sharply with the S&P 500's positive return of 14.40% over the same period, reinforcing the notion that the stock is overvalued.