Camping World Holdings, Inc. (CWH) Financial Ratios
12 years of historical data (2014–2025) · Consumer Cyclical · Auto - Dealerships
EV/EBITDA
↑
10.74
↓-16% vs avg
5yr avg: 12.72
30Y Low6.5·High48.9
P/FCF
↓
N/A
—
5yr avg: 13.39
30Y Low1.6·High20.2
P/B Ratio
↓
1.31
↓-80% vs avg
5yr avg: 6.70
30Y Low1.6·High31.0
ROE
↓
-21.0%
↑-136% vs avg
5yr avg: 57.4%
30Y Low-21%·High248%
Debt/EBITDA
↑
9.73
+4% vs avg
5yr avg: 9.39
30Y Low3.9·High43.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CWH Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Camping World Holdings, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $493M | $610M | $1.0B | $2.2B | $957M | $3.6B | $1.0B | $551M | $1.0B | $1.2B | $2.7B |
| Enterprise Value | $2.9B | $3.1B | $4.4B | $6.0B | $4.7B | $6.7B | $3.5B | $3.4B | $3.0B | $2.9B | $3.9B |
| P/E Ratio → | -5.43 | — | — | 47.75 | 6.93 | 6.66 | 8.43 | — | 40.96 | — | 362.11 |
| P/S Ratio | 0.08 | 0.10 | 0.17 | 0.36 | 0.14 | 0.52 | 0.19 | 0.11 | 0.21 | 0.28 | 0.77 |
| P/B Ratio | 1.31 | 1.64 | 2.09 | 10.42 | 3.86 | 15.50 | — | — | 30.97 | 6.60 | — |
| P/FCF | — | — | 6.56 | 20.23 | — | — | 1.57 | 3.37 | — | — | 16.33 |
| P/OCF | — | — | 4.13 | 7.18 | 5.04 | 23.55 | 1.39 | 2.19 | 7.48 | — | 12.18 |
P/E links to full P/E history page with 30-year chart
CWH EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Camping World Holdings, Inc.'s enterprise value stands at 10.7x EBITDA, 16% below its 5-year average of 12.7x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 12% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.48 | 0.73 | 0.97 | 0.67 | 0.97 | 0.63 | 0.69 | 0.62 | 0.67 | 1.10 |
| EV / EBITDA | 10.74 | 11.17 | 19.35 | 18.01 | 7.31 | 7.74 | 6.53 | 48.94 | 11.89 | 7.40 | 12.86 |
| EV / EBIT | 16.48 | 9.60 | 25.47 | 21.99 | 7.92 | 7.96 | 6.74 | 25.46 | 12.19 | 8.05 | 13.98 |
| EV / FCF | — | — | 28.81 | 54.82 | — | — | 5.21 | 20.55 | — | — | 23.22 |
CWH Profitability
Margins and return-on-capital ratios measuring operating efficiency
Camping World Holdings, Inc. earns an operating margin of 2.8%, roughly in line with the Consumer Cyclical sector average. Operating margins have compressed from 4.3% to 2.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -21.0% indicates the company is currently destroying shareholder equity. ROIC of 4.0% represents below-average returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.5% | 29.5% | 29.9% | 30.2% | 32.5% | 35.7% | 31.3% | 27.2% | 28.4% | 29.0% | 28.3% |
| Operating Margin | 2.8% | 2.8% | 2.4% | 4.3% | 8.2% | 11.6% | 8.7% | 0.2% | 4.2% | 8.3% | 7.9% |
| Net Profit Margin | -1.4% | -1.4% | -0.6% | 0.5% | 2.0% | 4.0% | 2.2% | -1.2% | 0.2% | 0.7% | 5.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -21.0% | -21.0% | -11.1% | 14.5% | 56.9% | 247.9% | — | — | 9.8% | 39.2% | — |
| ROA | -1.8% | -1.8% | -0.8% | 0.7% | 3.0% | 7.2% | 3.6% | -1.9% | 0.4% | 1.4% | 13.0% |
| ROIC | 4.0% | 4.0% | 2.8% | 5.0% | 11.7% | 21.0% | 14.1% | 0.3% | 7.8% | 17.9% | 20.1% |
| ROCE | 5.9% | 5.9% | 4.9% | 9.2% | 19.9% | 31.6% | 21.4% | 0.5% | 14.2% | 35.1% | 46.9% |
CWH Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Camping World Holdings, Inc. carries a Debt/EBITDA ratio of 9.7x, which is highly leveraged (104% above the sector average of 4.8x). Net debt stands at $2.5B ($2.7B total debt minus $215M cash). Interest coverage of 4.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 7.17 | 7.17 | 7.51 | 18.00 | 15.56 | 14.29 | — | — | 63.67 | 10.55 | — |
| Debt / EBITDA | 9.73 | 9.73 | 15.85 | 11.48 | 6.02 | 3.86 | 4.88 | 43.08 | 8.37 | 4.91 | 4.20 |
| Net Debt / Equity | — | 6.59 | 7.08 | 17.81 | 15.03 | 13.15 | — | — | 59.46 | 9.30 | — |
| Net Debt / EBITDA | 8.94 | 8.94 | 14.95 | 11.37 | 5.82 | 3.55 | 4.56 | 40.93 | 7.82 | 4.33 | 3.82 |
| Debt / FCF | — | — | 22.25 | 34.59 | — | — | 3.64 | 17.18 | — | — | 6.89 |
| Interest Coverage | 4.15 | 4.15 | 0.74 | 1.26 | 5.02 | 13.80 | 6.88 | 1.21 | 2.40 | 5.04 | 4.13 |
CWH Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.20x means Camping World Holdings, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.23x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.20 | 1.20 | 1.35 | 1.21 | 1.33 | 1.43 | 1.44 | 1.30 | 1.45 | 1.36 | 1.31 |
| Quick Ratio | 0.23 | 0.23 | 0.27 | 0.16 | 0.19 | 0.31 | 0.35 | 0.26 | 0.25 | 0.29 | 0.26 |
| Cash Ratio | 0.10 | 0.10 | 0.12 | 0.02 | 0.07 | 0.17 | 0.16 | 0.11 | 0.11 | 0.17 | 0.13 |
| Asset Turnover | — | 1.26 | 1.25 | 1.28 | 1.45 | 1.58 | 1.64 | 1.41 | 1.71 | 1.61 | 2.25 |
| Inventory Turnover | 2.13 | 2.13 | 2.35 | 2.13 | 2.22 | 2.48 | 3.29 | 2.62 | 2.20 | 2.15 | 2.77 |
| Days Sales Outstanding | — | 9.85 | 10.87 | 11.04 | 8.53 | 8.41 | 8.82 | 9.46 | 10.58 | 10.76 | 9.08 |
CWH Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Camping World Holdings, Inc. returns 6.5% to shareholders annually primarily through dividends.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 6.5% | 5.2% | 2.4% | 4.4% | 28.1% | 7.2% | 19.0% | 16.9% | 1.2% | 1.9% | 0.1% |
| Payout Ratio | — | — | — | 294.7% | 196.0% | 93.7% | 161.8% | — | 114.0% | 74.5% | 0.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 2.1% | 14.4% | 15.0% | 11.9% | — | 2.4% | — | 0.3% |
| FCF Yield | — | — | 15.3% | 4.9% | — | — | 63.6% | 29.7% | — | — | 6.1% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 9.5% | 4.6% | 2.5% | 0.3% | 0.1% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.5% | 5.2% | 2.4% | 4.4% | 37.6% | 11.8% | 21.5% | 17.2% | 1.3% | 1.9% | 0.1% |
| Shares Outstanding | — | $63M | $48M | $85M | $43M | $90M | $40M | $37M | $89M | $27M | $84M |
Peer Comparison
Compare CWH with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CWHYou | $493M | -5.4 | 10.7 | — | 29.5% | 2.8% | -21.0% | 4.0% | 9.7 |
 WGO | $809M | 31.5 | 12.9 | 9.0 | 13.0% | 2.0% | 2.1% | 2.6% | 6.2 |
 THO | $4B | 15.0 | 7.2 | 8.3 | 12.5% | 3.1% | 6.2% | 4.8% | 1.6 |
 LCII | $2B | 12.1 | 8.1 | 8.0 | 23.8% | 6.8% | 13.7% | 9.1% | 3.1 |
 PATK | $3B | 22.4 | 10.1 | 11.8 | 23.1% | 7.0% | 11.7% | 7.6% | 3.7 |
 AN | $6B | 11.1 | 10.5 | — | 17.0% | 4.8% | 27.1% | 8.5% | 6.4 |
 LAD | $7B | 9.1 | 11.4 | 35.0 | 15.2% | 3.8% | 12.3% | 5.2% | 8.0 |
 PAG | $12B | 12.4 | 14.0 | 15.6 | 16.4% | 4.0% | 17.3% | 6.9% | 6.1 |
 ABG | $4B | 7.8 | 9.3 | 6.6 | 16.6% | 5.6% | 13.3% | 8.0% | 5.8 |
 SAH | $3B | 23.6 | 9.9 | 6.6 | 14.6% | 3.6% | 11.1% | 7.8% | 6.0 |
 FOXF | $783M | -1.4 | — | 29.1 | 30.2% | -35.6% | -58.2% | -24.2% | — |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 12 years · Updated daily
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CWH — Frequently Asked Questions
Quick answers to the most common questions about buying CWH stock.
What is Camping World Holdings, Inc.'s P/E ratio?
Camping World Holdings, Inc.'s current P/E ratio is -5.4x. The historical average is 22.1x.
What is Camping World Holdings, Inc.'s EV/EBITDA?
Camping World Holdings, Inc.'s current EV/EBITDA is 10.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.1x.
What is Camping World Holdings, Inc.'s ROE?
Camping World Holdings, Inc.'s return on equity (ROE) is -21.0%. The historical average is 48.0%.
Is CWH stock overvalued?
Based on historical data, Camping World Holdings, Inc. is trading at a P/E of -5.4x. Compare with industry peers and growth rates for a complete picture.
What is Camping World Holdings, Inc.'s dividend yield?
Camping World Holdings, Inc.'s current dividend yield is 6.46%.
What are Camping World Holdings, Inc.'s profit margins?
Camping World Holdings, Inc. has 29.5% gross margin and 2.8% operating margin.
How much debt does Camping World Holdings, Inc. have?
Camping World Holdings, Inc.'s Debt/EBITDA ratio is 9.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.