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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 / E15.9×
P / S0.4×
P / B1.0×
Net margin2.7%
Return on equity6.0%
Net debt$336.4M
Enterprise value USD$4.4B
Graham number +18.4%$93.53

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 ($93.53); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.60% 5.20% 5.20% 1.70% 2.70% 5.40% 7.00% 3.40% 2.60% 2.70% 2016201720182019202020212022202320242025
Gross margin (%)
15.90% 14.40% 14.00% 12.40% 13.70% 15.40% 17.20% 14.40% 14.50% 14.00% 2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
20.30% 23.70% 22.20% 6.40% 9.50% 22.40% 31.60% 9.40% 6.50% 6.00% 2016201720182019202020212022202320242025
Shares outstanding
52.6M 52.8M 52.9M 54.0M 55.4M 55.7M 55.3M 53.9M 53.7M 53.4M 2016201720182019202020212022202320242025
Net debt ($)
$1.48B $1.13B $1.16B $1.46B $861.4M $632.6M $336.4M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
11.00% 14.60% 15.50% 2.40% 3.90% 9.90% 15.40% 5.20% 3.80% 3.70% 2016201720182019202020212022202320242025
Free cash flow margin (%)
6.30% 4.20% 3.90% 2016201720182019202020212022202320242025
Debt / equity (×)
0.91× 0.71× 0.55× 0.49× 0.33× 0.28× 0.22× 2016201720182019202020212022202320242025
EPS ($)
$4.88 $7.09 $8.14 $2.47 $4.02 $11.85 $20.59 $6.95 $4.94 $4.84 2016201720182019202020212022202320242025

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 16.3× earnings — near its 10-year norm (10-year range 3.9×–23.5×, median 16.6×).

3.9× 23.5×

Shaded band = 10-year range (3.9×–23.5×); dot = today's 16.3×.

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)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin14.0%14.5%14.4%17.2%15.4%13.7%12.4%14.0%14.4%15.9%
Net margin2.7%2.6%3.4%7.0%5.4%2.7%1.7%5.2%5.2%5.6%
FCF margin———————3.9%4.2%6.3%
Return on assets3.7%3.8%5.2%15.4%9.9%3.9%2.4%15.5%14.6%11.0%
Return on equity6.0%6.5%9.4%31.6%22.4%9.5%6.4%22.2%23.7%20.3%
Debt / equity0.22×0.28×0.33×0.49×0.55×0.71×0.91×———
Current ratio1.751.691.631.741.561.391.411.701.511.56

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