LCI Industries (LCII) Fair Value & Analysis
Consumer Cyclical · US · Market cap $2.6B · ISIN US50189K1034
What is LCI Industries really worth?
LCI Industries
LCII · US
A solid business, trading 35% below our fair value of $156.35.
Strengths
Risks
For context
Fair value as of: Aug 23, 2026
From 26 valuation models · updated 13 days ago
Share price −5.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict.
- The price is below even our cautious bear case ($105.61). The market is more pessimistic than our downside scenario.
- A fairly wide model range ($105.61 to $205.85) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.
How to read this chart
60‑month range $71.16 – $154.08 · fair‑value band $105.61 – $205.85 · the $101.04 price screens below the $156.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 23, 2026.
Analysis
LCI Industries (LCII) currently trades at $101.04, while our model-based Fair Value estimate is $156.35, implying the stock looks roughly 35.4% undervalued today. The Quality Score stands at 70/100 (solid quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of $202.90 per share, and 20 of the 26 models we run sit above the $101.04 price. Bear case: the Asset-Based group reads lowest at $37.50, and 6 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, LCI Industries generated revenue of $4.2B at a net margin of 4.8%. Revenue grew 4.3% year over year. It earns a return on equity of 14.7%. Net debt stands at $1.0B. Fundamentals as of Aug 23, 2026
Our scenario range runs from $105.61 (bear case) to $205.85 (bull case); at $101.04, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 35% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 5% fair-value upside, at 55%, LCII screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $2.42 per share, which is 1.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: DCF Models ($202.90) versus Asset-Based ($37.50). Highest evidence: EPV (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 68 · Market factors (momentum, volatility) 39
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments, Original Equipment Manufacturers (OEM) and Aftermarket.
Full company description
LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis, axles, anti-lock braking systems, and suspension systems; manual, electric, and hydraulic stabilizer and leveling systems; awnings, slide-out mechanisms, and accessories; vinyl, aluminum, and frameless windows; entry, luggage, patio, and ramp doors; electric and manual entry steps and awnings; thermoformed bath and kitchen products; furniture, mattresses, tankless water heaters, air conditioners, appliances, electronic components, televisions, and sound systems; windshields; and hitches, pin boxes, grill guards, towing electrical, and towing and truck accessories. This segment serves OEMs of RVs and adjacent industries, including boats, buses, cargo and utility trailers used to haul boats, livestock, equipment, and other cargo; trucks; trains; manufactured homes; and modular housing. The Aftermarket segment supplies engineered components to aftermarket channels of the recreation and transportation markets for retail dealers, wholesale distributors, and service centers, as well as direct-to-consumer sales through online platforms. This segment also sells replacement glass and awnings to fulfill insurance claims; and biminis, covers, buoys, fenders, towing products, truck accessories, appliances, air conditioners, televisions, sound systems, and tankless water heaters. LCI Industries was formerly known as Drew Industries Incorporated and changed its name to LCI Industries in December 2016. The company was founded in 1956 and is headquartered in Elkhart, Indiana.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
LCI Industries reported revenue of $4.1B in FY2025 versus $4.5B in FY2021, a compound −2.0%/yr. Reported net income was $188M in FY2025, compounding −10.1%/yr from FY2021.
of which total revenue +11.8 % · buybacks/dilution −0.3 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- LCI Industries (LCII) Q2 2026 Earnings Call Transcript
- LCI Industries Q2 Earnings Call Highlights
- LCI Industries Inc (LCII) (Q2 2026) Earnings Call Highlights: Margin Expansion and Strategic ...
- LCI Industries Declares Quarterly Cash Dividend
Peer Group
Recreational Vehicles · 37 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Recreational Vehicles median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 35/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Recreational Vehicles stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Zhejiang Cfmoto Power Co 603129 | ¥283.50 | ¥199.10 | −30% |
| Brunswick Corporation BC | $82.30 | $13.56 | −84% |
| BRP Inc DOO | C$88.23 | C$86.81 | −2% |
| Polaris Inc PII | $63.78 | $29.83 | −53% |
| THOR Industries, Inc THO | $77.02 | $97.14 | +26% |
| Trigano S.A TRI | €152.20 | €273.48 | +80% |
| Patrick Industries, Inc PATK | $81.30 | $85.54 | +5% |
| Harley-Davidson, Inc HOG | $27.60 | $64.09 | +132% |
| Sanlorenzo S.p.A SL | €37.94 | €37.41 | −1% |
| Ferretti S.p.A 9638 | HK$36.00 | HK$51.23 | +42% |
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