Sportsman's Warehouse Holdings, Inc. (SPWH) Fair Value 2026

SPWH · Specialty Retail · 2026-08-27

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

6.3 /10

32 fundamental signals · 2 models active

Value Trap Risk

LOW (35/100)

Quick Summary — As of 2026-08-27, Sportsman's Warehouse Holdings, Inc. (SPWH) trades at $1.14, versus a $2.89 median fair value across its 2 active models — 153.8% above the current price. QOC: 6.3/10. Value Trap Risk: 35/100 (LOW). 2/13 models active.

Key Facts

Ticker: SPWH
Price: $1.14
Quality Score: 6.3/10
Value Trap Risk: 35/100
Models Active: 2/13
Last Updated: 2026-08-27

Strength: RCMH-DCF suggests +162.9% upside with 56% confidence

Risk: Limited model coverage (2/13) may reduce confidence

Is Sportsman's Warehouse Holdings, Inc. (SPWH) Undervalued or Overvalued in 2026?

According to CirclFi’s 2-model valuation engine, Sportsman's Warehouse Holdings, Inc. (SPWH) appears undervalued as of 2026-08-27: the median of 2 independent fair value estimates is $2.89, 153.8% above the current price of $1.14. Estimates range from $2.79 to $3.00. SPWH scores 6.3/10 on fundamental quality and 35/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. SPWH’s +153.8% gap is wider than that market norm, and the Specialty Retail sector median is -15.0%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Sportsman's Warehouse Holdings, Inc. Stock in 2026? →

What Fair Value Does Each Model Give SPWH?

2 Intrinsic Value Models vs. Current Price ($1.14)

Core Models (Unlocked)
Model	Fair Value	Upside
Earnings Power Value Intrinsic · High Conviction	$2.79	+144.7%
RCMH-DCF Intrinsic · High Conviction	$3.00	+162.9%

All Models Active

All 2 models are displayed above.

What Is Sportsman's Warehouse Holdings, Inc. (SPWH) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Sportsman's Warehouse Holdings, Inc.'s intrinsic value is estimated at a median fair value of $2.89. At a current market price of $1.14, 2 of 2 active valuation models identify upside potential, projecting a median implied return of +153.8%. Among models with highest confidence, EPV lean bullish — adding weight to the bullish side of the thesis.

What Do the Models Say About SPWH?

2 of 13 models are currently active for SPWH. All 2 active models suggest the stock trades below fair value. Taken together, their median fair value for SPWH is $2.89 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does SPWH Rank in Specialty Retail?

Among 49 Specialty Retail stocks, SPWH ranks #27 by Quality of Company score. CirclFi's QOC score of 6.3/10 evaluates 32 fundamental signals. A score of 6.3 indicates above-average quality.

The Specialty Retail sector introduces analytical considerations specific to retail business businesses. For Sportsman's Warehouse Holdings, Inc., metrics like gross margin expansion provide important context that general-purpose valuation models may underweight.

Is SPWH a Value Trap?

CirclFi's Value Trap algorithm assigns SPWH a score of 35/100 (LOW). This indicates low risk. The financial profile does not exhibit typical value trap warning signs. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

2 of 13 models are active for Sportsman's Warehouse Holdings, Inc.. Limited activation may indicate insufficient history. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Deep Alpha Valuation Engine, Sportsman's Warehouse Holdings, Inc. scores 6.3 out of 10 on our 32-signal quality assessment, a solid rating that maintains reasonable quality metrics with some areas for improvement. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones.

Models cluster within a tight range (+18.2% spread), increasing conviction. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every SPWH valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across SPWH's 2 active models, average confidence is 66%. Moderate confidence indicates reasonable fit.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Sportsman's Warehouse Holdings, Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Specialty Retail Stocks Should You Also Analyze?

10 related Specialty Retail stocks with 13-model coverage

WOOFPetco Health and Wellness Company, Inc.QOC 6.4 ONEWOneWater Marine Inc.QOC 6.3 HZOMarineMax, Inc.QOC 6.8 EVGOEVgo, Inc.QOC 6.2 BNEDBarnes & Noble Education, Inc.QOC 6.9 GRWGGrowGeneration Corp.QOC 6.2 QSJCTancheng Group Co., Ltd.QOC 5.3 ARHSArhaus, Inc.QOC 8.9 BBYBest Buy Co., Inc.QOC 8.1 WSMWilliams-Sonoma, Inc.QOC 9.3

Read investment analysis: WOOF · ONEW · HZO · EVGO · BNED · GRWG · QSJC · ARHS · BBY · WSM

Which Other Stocks Have a Similar Quality Score to SPWH?

7 companies across all industries closest to SPWH’s Quality of Company score of 6.3/10.

PKPark Hotels & Resorts Inc.QOC 6.3 GBDCGolub Capital BDC, Inc.QOC 6.3 CMCMCheetah Mobile Inc.QOC 6.3 ACVAACV Auctions Inc.QOC 6.3 ECVTEcovyst Inc.QOC 6.3 GELGenesis Energy, L.P.QOC 6.3 NVDANVIDIA CorporationQOC 10.0

Read investment analysis: PK · GBDC · CMCM · ACVA · ECVT · GEL · NVDA

What Else Do Investors Ask About Sportsman's Warehouse Holdings, Inc.’s Valuation?

What is Sportsman's Warehouse Holdings, Inc.'s intrinsic value in 2026?

CirclFi puts Sportsman's Warehouse Holdings, Inc. (SPWH)'s intrinsic value at $2.89 — the median of 2 independent model estimates as of 2026-08-27, ranging from $2.79 to $3.00. The Quality of Company score is 6.3/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is SPWH overvalued or undervalued right now?

At $1.14, 2 of 2 active models suggest SPWH may be undervalued, while 0 indicate potential overvaluation. The median of all 2 fair value estimates is $2.89, 153.8% above the current price of $1.14 — a consensus view that SPWH is undervalued. The assessment depends on which methodology best fits Sportsman's Warehouse Holdings, Inc.'s business model in Specialty Retail.

What does a Quality of Company score of 6.3 mean for SPWH?

Sportsman's Warehouse Holdings, Inc.'s QOC of 6.3/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores between 5-7 reflect moderate fundamentals with areas for improvement.

How many valuation models does CirclFi run on SPWH?

CirclFi analyzes SPWH with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 2 of 13 are active for this stock. Read the full methodology →

Is SPWH a value trap in 2026?

Sportsman's Warehouse Holdings, Inc.'s Value Trap score is 35/100 (LOW). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap. Browse stocks by value-trap risk →

Cite this analysis — “According to CirclFi’s 2-model valuation engine, Sportsman's Warehouse Holdings, Inc. (SPWH) has a median fair value of $2.89 — 153.8% above the current price of $1.14 — as of 2026-08-27.” Source: circlfi.com/stock/SPWH/ · Methodology

Primary sources for this SPWH valuation

Financial statements: Sportsman's Warehouse Holdings, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0001132105) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for SPWH as of 2026-08-27; valuations recomputed 2026-08-27.