Winmark Corp (WINA)

Retail-Miscellaneous Retail

Latest Price

$286.88

TTM P/E

25.61

Normalized P/E

25.71

TTM Div Yield

1.05%

Fwd Div Yield

1.05%

Book Value

P/B Ratio

Valuation metrics

Norm. op. income: $53M (median of 7yr)

Tax rate: 22%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$105.12

63% downside

Base FCF: $44M (median of recent 5yr)

Growth: -2%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$115.13

60% downside

EPS: $11.30

Target P/E: 26×

Formula: EPS × P/E

P/E Fair Value

$293.80

+2% upside

89.8% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	489.8K	$207.0M	13.76%	+23.4K	2026-06-30
Neuberger Berman Group LLC	286.6K	$121.0M	8.05%	+1.9K	2026-06-30
Renaissance Technologies LLC	204.4K	$86.0M	5.74%	-1.5K	2026-06-30
First Trust Advisors LP	175.5K	$74.0M	4.93%	+25.1K	2026-06-30
AltraVue Capital, LLC	172.4K	$72.0M	4.84%	+10.5K	2026-06-30
Vanguard Capital Management LLC	139.9K	$59.0M	3.93%	+2.1K	2026-06-30
State Street Corp	130.4K	$55.0M	3.66%	+6.7K	2026-06-30
Jacobs Levy Equity Management, Inc	92.3K	$39.0M	2.59%	-4.1K	2026-06-30
Fisher Asset Management, LLC	92.2K	$39.0M	2.59%	-3.2K	2026-06-30
Port Capital LLC	86.8K	$36.0M	2.44%	-11.4K	2026-06-30