LCI Industries (LCII) is undervalued and Winnebago Industries Inc (WGO) is overvalued.
Against our estimates of intrinsic value, LCII trades at the wider discount: a margin of safety of +35%, against -175% for WGO.
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 8.4% (average of 3 methods) values the shares at $10.28; the price of $28.26 is 175% above that value, and 77% of that value comes from beyond year five.
Leak Score 46/100 on 9 of 12 signals
| Metric | LCII | WGO |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $87.92 | $28.26 |
| Intrinsic value | $134.53 | $10.28 |
| Margin of safety | +35% | -175% |
| Leak Score | 68/100 (3/12) | 46/100 (9/12) |
| Market cap | $2.1B | $799M |
| Revenue growth, 5 years | 8.1% | 3.5% |
| Operating margin | 7.5% | 2.4% |
| Net margin | 5.2% | 1.4% |
| Return on equity | 15.0% | 3.1% |
| Debt to equity | 0.80 | 0.39 |
| P/E | 10.2x | 20.8x |
| Forward P/E | 9.2x | 12.1x |
| P/B | 1.5x | 0.7x |
| Dividend yield | 5.2% | 4.9% |