Patrick Industries Inc (PATK) is fairly valued and Winnebago Industries Inc (WGO) is overvalued.
Against our estimates of intrinsic value, PATK trades at the wider discount: a margin of safety of +4%, against -175% for WGO.
Values as of the 22 Sept 2026 close.
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
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 | PATK | WGO |
|---|---|---|
| Verdict | Fairly valued | Overvalued |
| Price | $71.06 | $28.26 |
| Intrinsic value | $74.07 | $10.28 |
| Margin of safety | +4% | -175% |
| Leak Score | 14/100 (3/12) | 46/100 (9/12) |
| Market cap | $2.3B | $799M |
| Revenue growth, 5 years | 9.7% | 3.5% |
| Operating margin | 7.0% | 2.4% |
| Net margin | 3.7% | 1.4% |
| Return on equity | 13.0% | 3.1% |
| Debt to equity | 1.46 | 0.39 |
| P/E | 16.9x | 20.8x |
| Forward P/E | 13.5x | 12.1x |
| P/B | 2.0x | 0.7x |
| Dividend yield | 2.6% | 4.9% |