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THOR INDUSTRIES INC THO

NYSE · stock · Motor Homes · website · IPO 1984-01-11 · LEI

THOR INDUSTRIES INC statistics & valuation

Market cap$4.1B
P / E23.1×
P / S0.4×
P / B1.0×
Net margin1.8%
Return on equity4.2%
Net debt$386.0M
Enterprise value USD$4.5B
Graham number +8.8%$78.52

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($78.52); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.20% 5.20% 1.70% 2.70% 5.40% 7.00% 3.40% 2.60% 2.70% 1.80% 2017201820192020202120222023202420252026
Gross margin (%)
14.40% 14.00% 12.40% 13.70% 15.40% 17.20% 14.40% 14.50% 14.00% 12.60% 2017201820192020202120222023202420252026
Operating margin (%)
2017201820192020202120222023202420252026
Return on equity (%)
23.70% 22.20% 6.40% 9.50% 22.40% 31.60% 9.40% 6.50% 6.00% 4.20% 2017201820192020202120222023202420252026
Shares outstanding
52.8M 52.9M 54.0M 55.4M 55.7M 55.3M 53.9M 53.7M 53.4M 52.6M 2017201820192020202120222023202420252026
Net debt ($)
$1.48B $1.13B $1.16B $1.46B $861.4M $632.6M $336.4M $386.0M 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
14.60% 15.50% 2.40% 3.90% 9.90% 15.40% 5.20% 3.80% 3.70% 2.60% 2017201820192020202120222023202420252026
Free cash flow margin (%)
4.20% 3.90% 2017201820192020202120222023202420252026
Debt / equity (×)
0.91× 0.71× 0.55× 0.49× 0.33× 0.28× 0.22× 0.20× 2017201820192020202120222023202420252026
EPS ($)
$7.09 $8.14 $2.47 $4.02 $11.85 $20.59 $6.95 $4.94 $4.84 $3.38 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

THOR INDUSTRIES INC trades at about 21.3× earnings — above its 10-year norm (10-year range 3.9×–23.5×, median 18.6×).

3.9× 23.5×

Shaded band = 10-year range (3.9×–23.5×); dot = today's 21.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin12.6%14.0%14.5%14.4%17.2%15.4%13.7%12.4%14.0%14.4%
Net margin1.8%2.7%2.6%3.4%7.0%5.4%2.7%1.7%5.2%5.2%
FCF margin————————3.9%4.2%
Return on assets2.6%3.7%3.8%5.2%15.4%9.9%3.9%2.4%15.5%14.6%
Return on equity4.2%6.0%6.5%9.4%31.6%22.4%9.5%6.4%22.2%23.7%
Debt / equity0.20×0.22×0.28×0.33×0.49×0.55×0.71×0.91×——
Current ratio1.771.751.691.631.741.561.391.411.701.51

Computed from company filings · US · as of 2025-07-31. Facts plus Stocktoria's own computed scores — not investment advice.