Polaris Inc (PII) is overvalued and Winnebago Industries Inc (WGO) is overvalued.
Both trade above our estimate of their intrinsic value. WGO is the closer of the two: -175%, against -836% for PII.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.8% values the shares at $5.76; the price of $53.97 is 836% above that value.
Leak Score 0/100 on 2 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 | PII | WGO |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $53.97 | $28.26 |
| Intrinsic value | $5.76 | $10.28 |
| Margin of safety | -836% | -175% |
| Leak Score | 0/100 (2/12) | 46/100 (9/12) |
| Market cap | $3.1B | $799M |
| Revenue growth, 5 years | 0.3% | 3.5% |
| Operating margin | 1.8% | 2.4% |
| Net margin | -3.5% | 1.4% |
| Return on equity | -25.8% | 3.1% |
| Debt to equity | 2.46 | 0.39 |
| P/E | — | 20.8x |
| Forward P/E | 15.8x | 12.1x |
| P/B | 3.7x | 0.7x |
| Dividend yield | 5.0% | 4.9% |