Winnebago Industries (FRA:WI1) Cyclically Adjusted PB Ratio: 0.85 (As of Jul. 21, 2026) — 77% Below Median

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FRA:WI1 Winnebago Industries Inc FRA:WI1
71 GF Score
Price €26.60
GF Value €41.73
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Winnebago Industries Cyclically Adjusted PB Ratio?

Winnebago Industries FRA:WI1 -1.48% 71 Cyclically Adjusted PB Ratio is 0.85 as of Jul. 21, 2026, which is 77% below its 10-year median of 3.72. GuruFocus rates FRA:WI1 with a GF Score™ of 71/100 and a GF Value™ of €41.73 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,032 Vehicles & Parts companies, Winnebago Industries ranks better than 65.31% on this metric.

As of today (2026-07-21), Winnebago Industries's current share price is €26.60. Winnebago Industries's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was €31.18. Winnebago Industries's Cyclically Adjusted PB Ratio for today is 0.85.

The historical rank and industry rank for Winnebago Industries's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:WI1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.78   Med: 3.72   Max: 7.98
Current: 0.86

During the past years, Winnebago Industries's highest Cyclically Adjusted PB Ratio was 7.98. The lowest was 0.78. And the median was 3.72.

FRA:WI1's Cyclically Adjusted PB Ratio is ranked better than
65.31% of 1032 companies
in the Vehicles & Parts industry
Industry Median: 1.27 vs FRA:WI1: 0.86

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Winnebago Industries's adjusted book value per share data for the three months ended in May. 2026 was €37.470. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €31.18 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Winnebago Industries  (FRA:WI1) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Winnebago Industries Cyclically Adjusted PB Ratio Related Terms


Winnebago Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Winnebago Industries's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Winnebago Industries Cyclically Adjusted PB Ratio Chart

Winnebago Industries Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.77 3.00 2.74 2.13 1.12

Winnebago Industries Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.09 1.12 1.10 1.17 0.83

FRA:WI1 vs MCFT, MBUU, KNDI: Cyclically Adjusted PB Ratio Comparison

For the Recreational Vehicles subindustry, Winnebago Industries's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Winnebago Industries Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Winnebago Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Winnebago Industries's Cyclically Adjusted PB Ratio falls into.


FRA:WI1
71GF Score
Winnebago Industries Inc FRA:WI1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Winnebago Industries Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Winnebago Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.60/31.18
=0.85

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Winnebago Industries's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, Winnebago Industries's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=37.47/335.1230*335.1230
=37.470

Current CPI (May. 2026) = 335.1230.

Winnebago Industries Quarterly Data

Book Value per Share CPI Adj_Book
201608 8.898 240.849 12.381
201611 11.680 241.353 16.218
201702 11.969 243.603 16.466
201705 11.926 244.733 16.331
201708 11.841 245.519 16.162
201711 12.298 246.669 16.708
201802 12.225 248.991 16.454
201805 13.572 251.588 18.078
201808 14.678 252.146 19.508
201811 15.498 252.038 20.607
201902 15.969 252.776 21.171
201905 17.111 256.092 22.392
201908 18.035 256.558 23.558
201911 21.161 257.208 27.571
202002 21.860 258.678 28.320
202005 21.400 256.394 27.971
202008 20.783 259.918 26.796
202011 22.009 260.229 28.343
202102 23.228 263.014 29.596
202105 24.781 269.195 30.850
202108 27.172 273.567 33.286
202111 30.496 277.948 36.769
202202 32.542 283.716 38.438
202205 37.707 292.296 43.232
202208 41.125 296.171 46.534
202211 41.446 297.711 46.654
202302 40.818 300.840 45.470
202305 41.470 304.127 45.697
202308 42.099 307.026 45.952
202311 42.846 307.051 46.763
202402 41.908 310.326 45.257
202405 42.052 314.069 44.871
202408 39.885 314.796 42.460
202411 41.136 315.493 43.695
202502 41.706 319.082 43.803
202505 38.518 321.465 40.155
202508 37.572 323.976 38.865
202511 37.974 324.122 39.263
202602 37.053 326.785 37.998
202605 37.470 335.123 37.470

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 0.85 mean?
Winnebago Industries (FRA:WI1) has a Cyclically Adjusted PB Ratio of 0.85 as of Jul. 21, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Winnebago Industries and its competitors. This is 77% below median its historical median of 3.72. Over the past decade, Winnebago Industries' Cyclically Adjusted PB Ratio has ranged from 0.78 to 7.98. According to the industry distribution chart, Winnebago Industries ranks #358 out of 1032 companies in the Vehicles & Parts industry, placing it in the top 34.7%.
Is Winnebago Industries' Cyclically Adjusted PB Ratio too high?
Winnebago Industries' current Cyclically Adjusted PB Ratio of 0.85 is 77% below median its 10-year median of 3.72. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 7.98. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.27. Winnebago Industries' value of 0.85 is 33.1% below this industry median. Based on the distribution chart, Winnebago Industries ranks #358 out of 1032 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Winnebago Industries has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Winnebago Industries' Cyclically Adjusted PB Ratio compare to MCFT and MBUU?
According to the Vehicles & Parts industry distribution chart, Winnebago Industries ranks #358 out of 1032 companies for Cyclically Adjusted PB Ratio. This puts Winnebago Industries in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Winnebago Industries' value of 0.85 is 33.1% below this benchmark. Historically, Winnebago Industries' own Cyclically Adjusted PB Ratio has ranged from 0.78 to 7.98 over the past decade. While the company's 10-year median is 3.72 vs. the industry median of 1.27, Winnebago Industries has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.27, based on 1,032 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Winnebago Industries's current Cyclically Adjusted PB Ratio of 0.85 is 33.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Winnebago Industries and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Winnebago Industries's current Cyclically Adjusted PB Ratio is 0.85, which is 77% below median its own 10-year median of 3.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winnebago Industries stock overvalued right now?
Based on GuruFocus' analysis, Winnebago Industries (FRA:WI1) is currently considered Significantly Undervalued. The stock's GF Value™ is €41.73, compared to a current price of €26.60 — trading 36.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.85, which is 77% below median its 10-year median of 3.72 and 33.1% below the Vehicles & Parts industry median of 1.27. Winnebago Industries' overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Winnebago Industries (FRA:WI1), the current Cyclically Adjusted PB Ratio is 0.85 as of Jul. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Winnebago Industries (FRA:WI1) Overvalued in 2026?

Based on GuruFocus' analysis, Winnebago Industries stock appears to be undervalued. The current stock price of €26.60 is trading 36.3% below its estimated GF Value™ of €41.73. GuruFocus considers Winnebago Industries to be Significantly Undervalued.

Key valuation signals for FRA:WI1:

  • Cyclically Adjusted PB Ratio: 0.85 (77% below median its 10-year median of 3.72)
  • GF Value™: €41.73 vs. price of €26.60 (36.3% below fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 33.1% below the Vehicles & Parts median (#358 of 1032)

No single metric tells the full story. See the FRA:WI1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Winnebago Industries Business Description

Other Exchanges WGO:USA
Address 13200 Pioneer Trail, Eden Prairie, MN, USA, 55347
Winnebago Industries manufactures Class A, B, and C motor homes along with towables, customized specialty vehicles, boats, and parts. Headquartered in Eden Prairie, Minnesota, Winnebago has been producing recreational vehicles since 1958. Revenue was $2.8 billion in fiscal 2025. Winnebago expanded into towables in 2011 with the acquisition of SunnyBrook and acquired Grand Design in November 2016. Towables made up 84% of the firm's RV unit volume, up from 31% in fiscal 2016. The company's total fiscal 2025 RV unit volume was 36,911. Winnebago expanded into boating in 2018 with the purchase of Chris-Craft, bought premium motor home maker Newmar in November 2019, and bought Barletta pontoon boats in August 2021. It also is developing electric and autonomous technology.
71GF Score

Get the complete analysis for FRA:WI1

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€26.60
Price
€41.73
GF Value