NASDAQ: WINA · Specialty Retail
Winmark (WINA) fair value: undervalued or overvalued?
As of 3 Oct 2026, Faircurve's model values Winmark (WINA) at $274.37 a share. The stock last closed at $297.69, which puts the model's fair value 7.8% below the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 2 Oct 2026. Winmark Corporation.
Faircurve Insights · 3 Oct 2026
Winmark Corporation, founded in 1988 and headquartered in Minneapolis, Minnesota, functions as a franchisor managing retail concepts centered on the buying, selling, trading, and consignment of pre-owned goods.
Faircurve's model on 3 Oct 2026 gave a fair value of $274.37 a share, the midpoint of 2,000 simulations. The previous run on 26 Sep 2026 gave $273.55, and the fair value moved +0.3%. The calibrated range over 63 trading days, built from the fair value, was $228.91 to $332.62, and ranges built this way held the price 60% of the time at this horizon. The evidence grade for this valuation was Medium.
The company's overall quality score was 54 out of 100 against comparable companies. The model compares it with Liquidity Services, Inc. (LQDT), Sally Beauty Holdings, Inc. (SBH), and Academy Sports and Outdoors, Inc. (ASO). Around its last 8 earnings reports, the stock's moves, measured from the close before each report to the close after it, ranged from -5.7% to +12.2%, with a median size of 2.5%.
Written from the figures on this page for the 3 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give WINA?
The calibrated range for WINA over 63 trading days is $228.91 to $332.62. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,809 past valuations, refreshed 3 Oct 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $208.47 to $355.53. In 40% of the simulations the fair value came out above the price the model ran on.
How does WINA score on business quality?
Winmark's overall quality score is 54 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 5 | -2938.8%ROIC | 10.5% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 87 | 1.06xFCF / net income | 0.96x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analyst estimate revisions. | 55 | 5.9%Revenue growth, trailing | 3.3% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 63 | 0.0%Net buybacks / market value | 1.5% |
| Balance sheetNet debt to EBITDA and interest coverage. | 75 | 0.65xNet debt / EBITDA | 2.14x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 100 | 0.4 ptsEBITDA margin downside volatility, 5y | 1.5 pts |
How does WINA compare with similar companies?
The companies in specialty retail closest to Winmark in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| HZO MarineMax, Inc. | $52.35 | $55.33 | +5.7% | Low evidence grade |
| EYE National Vision Holdings, Inc. | $16.40 | $15.20 | -7.3% | Low evidence grade |
| LQDT Liquidity Services, Inc. | $43.23 | $44.09 | +2.0% | Fairly valued |
| SBH Sally Beauty Holdings, Inc. | $16.24 | $20.34 | +25.2% | Undervalued |
| RH Rh | $120.46 | $79.85 | -33.7% | Low evidence grade |
| AAP Advance Auto Parts, Inc. | $38.68 | $39.93 | +3.2% | Low evidence grade |
| ASO Academy Sports and Outdoors, Inc. | $48.73 | $65.48 | +34.4% | Undervalued |
| BBWI Bath & Body Works, Inc. | $16.06 | $18.36 | +14.3% | Low evidence grade |
When does WINA report earnings, and how has the stock reacted?
Winmark's next earnings report is scheduled for 14 Oct 2026. Companies can move their dates.
How WINA moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 2.5%.
| Report date | Two session move |
|---|---|
| 15 Jul 2026 | +3.3% |
| 22 Apr 2026 | -1.2% |
| 18 Feb 2026 | +1.1% |
| 15 Oct 2025 | +0.9% |
| 15 Jul 2025 | +1.7% |
| 16 Apr 2025 | +12.2% |
| 19 Feb 2025 | -5.7% |
| 16 Oct 2024 | +3.8% |
Winmark at a glance
Winmark Corporation, founded in 1988 and headquartered in Minneapolis, Minnesota, functions as a franchisor managing retail concepts centered on the buying, selling, trading, and consignment of pre-owned goods.
- Market value
- $1.1B
- Sector
- Consumer Cyclical
- Industry
- Specialty Retail
- Revenue expected, next twelve months
- $93M
- Consensus revenue growth, next fiscal year
- +3.4%
- Analysts with estimates
- 1
- Beta to the US market
- 0.61
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices Winmark on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 26 Sep 2026 the model's fair value for WINA was $273.55. As of 3 Oct 2026 it is $274.37, a change of +0.3%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Winmark's valuation
Is Winmark stock undervalued or overvalued?
On Faircurve's model, WINA reads as Fairly valued as of 3 Oct 2026. The model's fair value is $274.37 a share against a last close of $297.69, a gap of -7.8%.
What is WINA's fair value?
$274.37 a share as of 3 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $208.47 to $355.53.
What price range does the model give WINA?
$228.91 to $332.62 over 63 trading days. Ranges built this way held the price 60% of the time across 4,809 past valuations, refreshed 3 Oct 2026.
When does Winmark report earnings next?
The next report is scheduled for 14 Oct 2026. Companies can move their dates.
How much has WINA moved on past earnings reports?
Across its last 8 reports the median two session move was 2.5%, ignoring direction. The largest was +12.2% around the report of 16 Apr 2025.
How confident is the model in this valuation?
The model's evidence grade for WINA is medium. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.