LCI Industries (LCII) is undervalued and Patrick Industries Inc (PATK) is fairly valued.
Against our estimates of intrinsic value, LCII trades at the wider discount: a margin of safety of +35%, against +4% for PATK.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.8% (average of 3 methods) values the shares at $134.53; the price of $87.92 is 35% below that value, and 77% of that value comes from beyond year five.
Leak Score 68/100 on 3 of 12 signals
Discounting its cash flows at 8.3% (average of 3 methods) values the shares at $74.07; the price of $71.06 is 4% below that value, and 79% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
| Metric | LCII | PATK |
|---|---|---|
| Verdict | Undervalued | Fairly valued |
| Price | $87.92 | $71.06 |
| Intrinsic value | $134.53 | $74.07 |
| Margin of safety | +35% | +4% |
| Leak Score | 68/100 (3/12) | 14/100 (3/12) |
| Market cap | $2.1B | $2.3B |
| Revenue growth, 5 years | 8.1% | 9.7% |
| Operating margin | 7.5% | 7.0% |
| Net margin | 5.2% | 3.7% |
| Return on equity | 15.0% | 13.0% |
| Debt to equity | 0.80 | 1.46 |
| P/E | 10.2x | 16.9x |
| Forward P/E | 9.2x | 13.5x |
| P/B | 1.5x | 2.0x |
| Dividend yield | 5.2% | 2.6% |