Thor Industries (FRA:TIV) Cyclically Adjusted Revenue per Share: €183.24 (As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:TIV Thor Industries Inc FRA:TIV
73 GF Score
Price €66.90
GF Value €83.80
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Thor Industries Cyclically Adjusted Revenue per Share?

Thor Industries FRA:TIV +2.53% 73 Cyclically Adjusted Revenue per Share is €183.24 as of Apr. 2026. GuruFocus rates FRA:TIV with a GF Score™ of 73/100 and a GF Value™ of €83.80 (Modestly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Thor Industries's adjusted revenue per share for the three months ended in Apr. 2026 was €45.386. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €183.24 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Thor Industries's average Cyclically Adjusted Revenue Growth Rate was 7.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 15.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 15.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Thor Industries was 20.40% per year. The lowest was 5.60% per year. And the median was 12.80% per year.

As of today (2026-07-19), Thor Industries's current stock price is €66.90. Thor Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was €183.24. Thor Industries's Cyclically Adjusted PS Ratio of today is 0.37.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Thor Industries was 2.23. The lowest was 0.33. And the median was 0.66.


Thor Industries  (FRA:TIV) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Thor Industries's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=66.90/183.24
=0.37

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Thor Industries was 2.23. The lowest was 0.33. And the median was 0.66.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Thor Industries Cyclically Adjusted Revenue per Share Related Terms


Thor Industries Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Thor Industries's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Thor Industries Cyclically Adjusted Revenue per Share Chart

Thor Industries Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 105.98 157.53 160.24 178.57 187.59

Thor Industries Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 182.58 187.59 180.05 177.54 183.24

FRA:TIV vs PII, PATK, HOG: Cyclically Adjusted Revenue per Share Comparison

For the Recreational Vehicles subindustry, Thor Industries's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Thor Industries Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Thor Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Thor Industries's Cyclically Adjusted PS Ratio falls into.


FRA:TIV
73GF Score
Thor Industries Inc FRA:TIV
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thor Industries Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Thor Industries's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=45.386/333.0200*333.0200
=45.386

Current CPI (Apr. 2026) = 333.0200.

Thor Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 22.217 240.628 30.747
201610 29.434 241.729 40.550
201701 28.312 242.839 38.826
201704 35.628 244.524 48.522
201707 31.759 244.786 43.207
201710 35.956 246.663 48.544
201801 30.584 247.867 41.091
201804 34.719 250.546 46.148
201807 30.337 252.006 40.090
201810 28.879 252.885 38.030
201901 21.384 251.712 28.291
201904 40.439 255.548 52.698
201907 37.338 256.571 48.463
201910 35.338 257.346 45.729
202001 32.580 257.971 42.058
202004 27.931 256.389 36.279
202007 36.384 259.101 46.764
202010 38.822 260.388 49.651
202101 40.301 261.582 51.307
202104 51.899 267.054 64.719
202107 54.373 273.003 66.326
202110 61.157 276.589 73.635
202201 61.556 281.148 72.913
202204 78.317 289.109 90.212
202207 68.888 296.276 77.431
202210 58.497 298.012 65.369
202301 40.469 299.170 45.048
202304 49.630 303.363 54.482
202307 45.952 305.691 50.060
202310 43.975 307.671 47.598
202401 37.769 308.417 40.782
202404 48.595 313.548 51.613
202407 43.654 314.540 46.219
202410 37.132 315.664 39.174
202501 36.638 317.671 38.408
202504 48.217 320.795 50.054
202507 40.592 323.048 41.845
202510 38.739 0.000
202601 34.235 325.252 35.053
202604 45.386 333.020 45.386

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €183.24 mean?
Thor Industries (FRA:TIV) has a Cyclically Adjusted Revenue per Share of €183.24 as of Apr. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Thor Industries and its competitors.
Is Thor Industries' Cyclically Adjusted Revenue per Share too high?
Thor Industries' current Cyclically Adjusted Revenue per Share is €183.24. Overall, Thor Industries has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thor Industries' Cyclically Adjusted Revenue per Share compare to PII and PATK?
Thor Industries' Cyclically Adjusted Revenue per Share of €183.24 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Vehicles & Parts company?
A good Cyclically Adjusted Revenue per Share depends on the Vehicles & Parts industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Thor Industries and its competitors. Thor Industries's current Cyclically Adjusted Revenue per Share is €183.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thor Industries stock overvalued right now?
Based on GuruFocus' analysis, Thor Industries (FRA:TIV) is currently considered Modestly Undervalued. The stock's GF Value™ is €83.80, compared to a current price of €66.90 — trading 20.2% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €183.24. Thor Industries' overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Thor Industries (FRA:TIV), the current Cyclically Adjusted Revenue per Share is €183.24 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thor Industries (FRA:TIV) Overvalued in 2026?

Based on GuruFocus' analysis, Thor Industries stock appears to be undervalued. The current stock price of €66.90 is trading 20.2% below its estimated GF Value™ of €83.80. GuruFocus considers Thor Industries to be Modestly Undervalued.

Key valuation signals for FRA:TIV:

  • Cyclically Adjusted Revenue per Share: €183.24
  • GF Value™: €83.80 vs. price of €66.90 (20.2% below fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the FRA:TIV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thor Industries Business Description

Other Exchanges THO:USA0LF8:UK
Address 52700 Independence Court, Elkhart, IN, USA, 46514-8155
Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth-wheel towables across about 35 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motor caravans, camper vans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts via the acquisition of Airxcel in 2021; however, this is still a nascent part of the business, as it accounted for less than 10% of fiscal 2025 total sales. In fiscal 2025, the company wholesaled 181,388 units and generated $9.6 billion in revenue.
73GF Score

Get the complete analysis for FRA:TIV

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€66.90
Price
€83.80
GF Value