Winmark Corporation (WINA): fair value, margin of safety and Wheel Score

Is WINA undervalued?

At 297.97 (close of 16 Oct 2026), WINA trades 61% over the GLS average fair value of 185.52, with 1 of 8 models above the price. The stock earns none of the Wheel Score's Value points at this price. That is a statement about price against trailing fundamentals, not about the company's prospects - the Wall Street View and the Growth tab on the Quote page carry the forward numbers.

There is a wide gap between GLS Growth (38.37) and Graham Growth (318.35). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.

The nightly engine files WINA under High Yield Income: a dividend yield above 4%.

Nine valuation models for WINA

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

Winmark Corporation scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability WINA scores 6.4/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.

Returns on capital are high - ROIC 375.0%, ROE -77.6%, ROA 167.4% - with debt at -1.21 times equity and a free-cash-flow yield of 4.1%.

The dividend yield is high at 4.69% (payout ratio 120%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Royalty 92%, Product 4%, Product and Service, Other 3% (quarter Q2 FY2026).

Institutional ownership scores 10/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 29: No options

No options are listed on Winmark Corporation in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 29) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.

Volume runs at 98k shares a day on a market cap of $1.1B, with a beta of 0.55 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 8 of 20.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.

Upcoming events

Winmark Corporation reports earnings on 21 Oct 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk. The shares go ex-dividend on 10 Nov 2026 (5.02 per share), so a covered call sold before then carries a small early-assignment risk around that date.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

Similar stocks in Specialty Retail

The 12 companies below are the closest to Winmark Corporation by market cap within the Specialty Retail industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

⚖ Compare WINA with 7 of them   All Consumer Cyclical stocks →