Is Winnebago Industries, Inc. overvalued or undervalued?

As of 21 November 2025, the valuation grade for Winnebago Industries, Inc. has moved from very attractive to fair. Based on the current metrics, the company appears to be overvalued. The P/E ratio stands at 58, significantly higher than peers like Hasbro, Inc. at 32.83 and Thor Industries, Inc. at 32.05. Additionally, Winnebago's EV to EBITDA ratio of 32.03 is also elevated compared to the industry average.
In comparison to the S&P 500, Winnebago has underperformed significantly over multiple periods, with a year-to-date return of -27.23% versus the S&P 500's 12.26%. This trend continues over longer periods, with a three-year return of -38.60% compared to the S&P 500's 67.17%. Overall, the combination of high valuation ratios and poor stock performance suggests that Winnebago Industries, Inc. is currently overvalued.