EN DE

Thor Industries Inc (THO) Fair Value & Analysis

Consumer Cyclical · US · Market cap $3.8B · ISIN US8851601018

What is Thor Industries Inc really worth?

TI Thor Industries Inc logo Thor Industries Inc THO · US
Price$75.78
Fair Value$97.14
Upside+28.2%
Quality62/100

A solid business, trading 22% below our fair value of $97.14.

Watch Thor Industries Inc for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

✓Low debt · generates free cash flow
✓Ranks above peers (11/15)

Risks

!Weak Growth (revenue 5y +3.2 %/yr)
!Thin margins · 2.7% net margin
!Narrow moat 34/100
!Weak on past: 24 out of 100

For context

·2.69% dividend yield
Evidence: High Range $71.24 – $123.04

Fair value as of: Sep 1, 2026

From 26 valuation models · updated 4 days ago

Share price −5.2% over the past month.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

$122.04 $62.89 Fair Value $97.14 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.

How to read this chart

60‑month range $62.89 – $122.04 · fair‑value band $71.24 – $123.04 · the $75.78 price screens below the $97.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 1, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Thor Industries Inc (THO) currently trades at $75.78, while our model-based Fair Value estimate is $97.14, implying the stock looks roughly 22.0% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of $139.35 per share, and 17 of the 26 models we run sit above the $75.78 price. Bear case: the Dividend Discount group reads lowest at $30.83, and 9 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Thor Industries Inc generated revenue of $9.9B at a net margin of 3.0%. Revenue grew 5.3% year over year. It earns a return on equity of 7.2%. Net debt stands at $336M. Fundamentals as of Sep 1, 2026

Our scenario range runs from $71.24 (bear case) to $123.04 (bull case); at $75.78, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 38% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 5% fair-value upside, at 28%, THO screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 12 months have passed since. In that time the company retained roughly $3.59 per share, which is 3.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF $99.21 $177.65 $307.26 75
EPV $39.01 $46.18 $52.37 74
Growth DCF $98.41 $170.04 $284.15 74
All 26 models by family
DCF Models
FCF DCF $99.21 $177.65 $307.26 75
Owner Earnings $88.03 $158.17 $274.06 71
5Y Revenue Exit $63.24 $105.19 $160.25 69
5Y EBITDA Exit $89.14 $158.07 $243.30 71
5Y P/E Exit $78.96 $137.28 $202.75 67
10Y Revenue Exit $73.23 $116.48 $179.27 64
10Y EBITDA Exit $91.65 $154.16 $246.61 65
10Y P/E Exit $85.07 $139.35 $213.73 61
Earnings-Based
Graham-Dodd $33.77 $151.72 $207.95 62
Lynch FV $39.53 $56.47 $73.41 59
PEG = 1.0 $39.53 $56.47 $73.41 55
EPV $39.01 $46.18 $52.37 74
Dividend Discount
Gordon GGM $17.91 $35.68 $54.03 64
DDM Multi-Stage $17.91 $30.83 $37.66 65
Multiples
P/E Multiple $81.95 $109.27 $136.59 63
P/S Multiple $63.33 $84.44 $105.54 58
P/B Multiple $63.33 $84.44 $105.54 55
EV/EBIT $71.30 $97.20 $123.10 66
EV/EBITDA $92.29 $125.19 $158.08 67
EV/Revenue $45.98 $68.43 $90.87 53
Asset-Based
NCAV (Graham) $41.19 $55.19 $82.38 54
Growth DCF
Growth DCF $98.41 $170.04 $284.15 74
Rev-Margin DCF $63.24 $105.17 $158.94 69
Economic Profit
Residual Income $64.16 $66.00 $65.91 74
ROIC Compounder $39.01 $46.18 $52.37 70
Growth Earnings
Growth-Adj P/E $66.02 $94.31 $122.60 65

Widest divergence: DCF Models ($139.35) versus Dividend Discount ($30.83). Highest evidence: FCF DCF (75).

Notify me when THO reaches fair value

Put THO on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 15.3
P/S ratio 0.41 P/E × margin
EPS (TTM) $4.94 price ÷ EPS = P/E 15.3
Dividend yield 2.7% payout 41.3%
Net margin 2.7% FY2025
Return on equity 6.1% TTM
More key figures
Profitability
Return on assets (EBIT) 10.5% avg 5y
Operating margin 3.5% TTM
Growth
Revenue (TTM) $9.8B TTM
Revenue growth (YoY) −3.9% 3y avg −16.3%
EPS growth (YoY) −26.5%
Balance sheet & cash flow
Free cash flow $455M FY2025
Net debt $336M FY2025 · ≈ 0.7 yrs of FCF

Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 60 · Market factors (momentum, volatility) 26

Profitability 44
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 90
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

THOR Industries, Inc. designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Germany, rest of Europe, Canada, and internationally.

Full company description

THOR Industries, Inc. designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Germany, rest of Europe, Canada, and internationally. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; conventional motorhomes; luxury fifth wheels; and motorcaravans, campervans, urban vehicles, and caravans, as well as other RV-related products and services. It also provides aluminum extrusion and specialized component products to RV and other manufacturers. The company sells its products to independent and non-franchise dealers. THOR Industries, Inc. was founded in 1980 and is based in Elkhart, Indiana.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Thor Industries Inc reported revenue of $9.6B in FY2025 versus $12.3B in FY2021, a compound −6.1%/yr. Reported net income was $259M in FY2025, compounding −20.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$9.6B
Latest YoY
−4.6%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−16.3%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.2%
Avg. revenue growth/yr (39Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.5%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years, adjusted) plus dividend yield: value created per share and year.
+5.8% (3.1 + 2.7)
Revenue −6.1%/yr
FY21 $12.3B
FY22 $16.3B
FY23 $11.1B
FY24 $10.0B
FY25 $9.6B
Net income −20.9%/yr
FY21 $660M
FY22 $1.1B
FY23 $374M
FY24 $265M
FY25 $259M
Character of growth · EPS growth decomposed (2014-2025) +3.8 % p.a.
Revenue per share +10.8 %

of which total revenue +10.9 % · buybacks/dilution −0.1 %

EBIT margin −6.4 %
Tax rate +1.5 %
Residual (interest, one-offs) −1.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

Watch THO: get an alert when its fair value changes →

Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Thor Industries Inc · Fair Value
$97.14 +22%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Thor Industries Inc Fair Value". https://www.fairvalue-calculator.com/stock/THO

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Recreational Vehicles · 37 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 62 · Top 25%
Fair Value upside +28% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 2% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 3% · Above median
Revenue growth −4% · Below median
Dividend yield (TTM) 2.7% · Below median
Debt / equity 0.21× · Lower than median

Valuation Multiples vs Recreational Vehicles median · lower = cheaper

P/E (TTM) 15.3× · Cheaper than median
P/B 0.88× · Cheaper than median
P/S (TTM) 0.39× · Cheaper than 75% of peers
P/FCF 8.3× · Pricier than median
EV/EBITDA 7.9× · Cheaper than median
PEG 0.71× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE71 · sector 28
FUTURE0 · sector 3
PAST24 · sector 12
HEALTH89 · sector 89
DIVIDEND54 · sector 58

Insider activity: 66/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Recreational Vehicles stocks, each showing price versus our Fair Value estimate (as of Sep 1, 2026).

Stock Price Fair Value vs Fair Value
Zhejiang Cfmoto Power Co 603129 ¥283.50 ¥199.10 −30%
Brunswick Corporation BC $82.30 $13.56 −84%
BRP Inc DOO C$88.23 C$86.81 −2%
Polaris Inc PII $63.78 $29.83 −53%
Trigano S.A TRI €152.20 €273.48 +80%
Patrick Industries, Inc PATK $81.30 $85.54 +5%
Harley-Davidson, Inc HOG $27.60 $64.09 +132%
LCI Industries, LCII $101.98 $156.35 +53%
Sanlorenzo S.p.A SL €37.94 €37.41 −1%
Ferretti S.p.A 9638 HK$36.00 HK$51.23 +42%

Compare Thor Industries Inc with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Thor Industries Inc (THO) overvalued or undervalued?
As of Sep 1, 2026, our model estimates a fair value of $97.14 versus a price of $75.78, about +28% upside (undervalued).
What is the fair value of THO?
Our model-based fair value for Thor Industries Inc is $97.14 (as of Sep 1, 2026), built from audited fundamentals. The current price: $75.78.
What is the quality score of THO?
Thor Industries Inc has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Thor Industries Inc (THO)?
Thor Industries Inc reported trailing-twelve-month revenue of about $9.9B (latest available figure, as of Sep 1, 2026).
What is the net profit margin of THO?
The net profit margin of Thor Industries Inc is about 3.0%, meaning it keeps roughly 3.0% of revenue as net income. Based on the latest reported figures.
Does Thor Industries Inc pay a dividend?
Thor Industries Inc currently shows a dividend yield of about 2.69% relative to its recent price (as of Sep 1, 2026).
Free · no account needed

Watch Thor Industries Inc in the live analysis

One click puts Thor Industries Inc on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.