Winnebago Industries (STU:WI1) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:WI1 Winnebago Industries Inc STU:WI1
75 GF Score
Price €23.00
GF Value €40.22
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Winnebago Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Winnebago Industries  (STU: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 4.51 3.12 2.68 2.05 1.03

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 1.06 1.05 1.05 1.10 0.80

STU: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.


STU:WI1
75GF Score
Winnebago Industries Inc STU: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 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)
=37.511/335.1230*335.1230
=37.511

Current CPI (May. 2026) = 335.1230.

Winnebago Industries Quarterly Data

Book Value per Share CPI Adj_Book
201608 8.957 240.849 12.463
201611 11.877 241.353 16.491
201702 11.996 243.603 16.503
201705 11.719 244.733 16.047
201708 11.759 245.519 16.051
201711 12.105 246.669 16.446
201802 12.374 248.991 16.654
201805 13.744 251.588 18.307
201808 14.567 252.146 19.361
201811 15.554 252.038 20.681
201902 15.918 252.776 21.104
201905 17.176 256.092 22.477
201908 18.217 256.558 23.796
201911 21.206 257.208 27.630
202002 21.702 258.678 28.115
202005 20.980 256.394 27.422
202008 20.566 259.918 26.517
202011 21.749 260.229 28.008
202102 23.140 263.014 29.484
202105 24.628 269.195 30.660
202108 27.081 273.567 33.175
202111 30.928 277.948 37.290
202202 32.886 283.716 38.845
202205 37.208 292.296 42.660
202208 41.437 296.171 46.887
202211 41.033 297.711 46.189
202302 41.209 300.840 45.905
202305 42.281 304.127 46.590
202308 42.299 307.026 46.170
202311 42.498 307.051 46.383
202402 41.776 310.326 45.114
202405 41.877 314.069 44.684
202408 39.942 314.796 42.521
202411 41.345 315.493 43.917
202502 41.769 319.082 43.869
202505 38.217 321.465 39.841
202508 37.368 323.976 38.654
202511 37.827 324.122 39.111
202602 37.095 326.785 38.041
202605 37.511 335.123 37.511

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.

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

Based on GuruFocus' analysis, Winnebago Industries stock appears to be undervalued. The current stock price of €23.00 is trading 42.8% below its estimated GF Value™ of €40.22. GuruFocus considers Winnebago Industries to be Significantly Undervalued.

Key valuation signals for STU:WI1:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €40.22 vs. price of €23.00 (42.8% below fair value)
  • GF Score™: 75/100 with 6 warning signs

No single metric tells the full story. See the STU: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.
75GF Score

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

€23.00
Price
€40.22
GF Value