ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Winnebago Industries's annualized return on capital (ROC %) for the quarter that ended in Feb. 2026 was 2.39%.
As of today (2026-06-25), Winnebago Industries's WACC % is 9.91%. Winnebago Industries's ROC % is 3.49% (calculated using TTM income statement data).
Winnebago Industries earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Winnebago Industries (FRA:WI1) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Winnebago Industries's WACC % is 9.91%. Winnebago Industries's ROC % is 3.49% (calculated using TTM income statement data).
Winnebago Industries earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
* 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.
Note:
The Operating Income data used here is four times the quarterly (Feb. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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 (FRA:WI1) has a ROC % of 2.39% as of Feb. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Winnebago Industries and its competitors.
Is Winnebago Industries' ROC % too high?
Winnebago Industries' current ROC % is 2.39%. The Vehicles & Parts industry median ROC % is 5.07. Winnebago Industries' value of 2.39% is 52.9% below this industry median. Overall, Winnebago Industries has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Winnebago Industries' ROC % compare to MCFT and MBUU?
Winnebago Industries' ROC % of 2.39% can be compared against companies in the Vehicles & Parts industry. The industry median ROC % is 5.07. Winnebago Industries' value of 2.39% is 52.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Vehicles & Parts company?
The median ROC % among Vehicles & Parts companies is 5.07, based on 1,316 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Winnebago Industries's current ROC % of 2.39% is 52.9% 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 ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Winnebago Industries and its competitors. For the Vehicles & Parts industry, the median ROC % is 5.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Winnebago Industries's current ROC % is 2.39%. 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?
Winnebago Industries (FRA:WI1) has a current ROC % of 2.39%. The stock's GF Value™ is €45.72, compared to a current price of €24.80 — trading 45.8% below its estimated fair value. The current ROC % is 2.39% and 52.9% below the Vehicles & Parts industry median of 5.07. Winnebago Industries' overall GF Score™ is 73/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Winnebago Industries (FRA:WI1), the current ROC % is 2.39% as of Feb. 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 €24.80 is trading 45.8% below its estimated GF Value™ of €45.72.
Key valuation signals for FRA:WI1:
ROC %: 2.39%
GF Value™: €45.72 vs. price of €24.80 (45.8% below fair value)
Industry Position: 52.9% below the Vehicles & Parts median
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.
73GF Score
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