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Winnebago IndustriesFRA:WI1 -1.46%71 Return-on-Tangible-Asset is 5.22% as of May. 2026, which is 68% below its 10-year median of 16.20. GuruFocus rates FRA:WI1 with a GF Score™ of 71/100 and a GF Value™ of €42.24 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,331 Vehicles & Parts companies, Winnebago Industries ranks better than 51.01% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Winnebago Industries's annualizedNet Income for the quarter that ended in May. 2026 was €50 Mil. Winnebago Industries's average total tangible assets for the quarter that ended in May. 2026 was €951 Mil. Therefore, Winnebago Industries's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2026 was 5.22%.
The historical rank and industry rank for Winnebago Industries's Return-on-Tangible-Asset or its related term are showing as below:
FRA:WI1'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.92 Med: 16.2 Max: 28.06
Current: 3.3
During the past 13 years, Winnebago Industries's highest Return-on-Tangible-Asset was 28.06%. The lowest was 0.92%. And the median was 16.20%.
FRA:WI1's Return-on-Tangible-Asset is ranked better than 51.01% of 1331
companies
in the Vehicles & Parts industry
Industry Median: 3.16
vs FRA:WI1: 3.30
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Winnebago Industries Return-on-Tangible-Asset Related Terms
Winnebago Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Winnebago Industries's Return-on-Tangible-Asset 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.
FRA:WI1 vs MCFT, MBUU, KNDI: Return-on-Tangible-Asset Comparison
For the Recreational Vehicles subindustry, Winnebago Industries's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Winnebago Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Winnebago Industries's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (May. 2026) net income data.
What does a Return-on-Tangible-Asset of 5.22% mean?
Winnebago Industries (FRA:WI1) has a Return-on-Tangible-Asset of 5.22% as of May. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Winnebago Industries and its competitors. This is 68% below median its historical median of 16.20. Over the past decade, Winnebago Industries' Return-on-Tangible-Asset has ranged from 0.92 to 28.06. According to the industry distribution chart, Winnebago Industries ranks #652 out of 1331 companies in the Vehicles & Parts industry, placing it in the top 49%.
Is Winnebago Industries' Return-on-Tangible-Asset too high?
Winnebago Industries' current Return-on-Tangible-Asset of 5.22% is 68% below median its 10-year median of 16.20. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 28.06. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.16. Winnebago Industries' value of 5.22% is 65.2% above this industry median. Based on the distribution chart, Winnebago Industries ranks #652 out of 1331 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' Return-on-Tangible-Asset compare to MCFT and MBUU?
According to the Vehicles & Parts industry distribution chart, Winnebago Industries ranks #652 out of 1331 companies for Return-on-Tangible-Asset. This puts Winnebago Industries in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.16. Winnebago Industries' value of 5.22% is 65.2% above this benchmark. Historically, Winnebago Industries' own Return-on-Tangible-Asset has ranged from 0.92 to 28.06 over the past decade. While the company's 10-year median is 16.20 vs. the industry median of 3.16, Winnebago Industries has consistently been above 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 Return-on-Tangible-Asset for a Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.16, based on 1,331 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Winnebago Industries's current Return-on-Tangible-Asset of 5.22% is 65.2% above 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Winnebago Industries and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Winnebago Industries's current Return-on-Tangible-Asset is 5.22%, which is 68% below median its own 10-year median of 16.20. 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 €42.24, compared to a current price of €27.00 — trading 36.1% below its estimated fair value. The current Return-on-Tangible-Asset is 5.22%, which is 68% below median its 10-year median of 16.20 and 65.2% above the Vehicles & Parts industry median of 3.16. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Winnebago Industries (FRA:WI1), the current Return-on-Tangible-Asset is 5.22% as of May. 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 €27.00 is trading 36.1% below its estimated GF Value™ of €42.24.
GuruFocus considers Winnebago Industries to be Significantly Undervalued.
Key valuation signals for FRA:WI1:
Return-on-Tangible-Asset: 5.22% (68% below median its 10-year median of 16.20)
GF Value™: €42.24 vs. price of €27.00 (36.1% below fair value)
Industry Position: 65.2% above the Vehicles & Parts median (#652 of 1331)
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 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
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