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Thor Industries (FRA:TIV) E10 : €8.53 (As of Jan. 2025)


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What is Thor Industries E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Thor Industries's adjusted earnings per share data for the three months ended in Jan. 2025 was €-0.010. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €8.53 for the trailing ten years ended in Jan. 2025.

During the past 12 months, Thor Industries's average E10 Growth Rate was 1.90% per year. During the past 3 years, the average E10 Growth Rate was 16.30% per year. During the past 5 years, the average E10 Growth Rate was 18.90% per year. During the past 10 years, the average E10 Growth Rate was 15.40% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Thor Industries was 47.90% per year. The lowest was 6.60% per year. And the median was 16.30% per year.

As of today (2025-03-17), Thor Industries's current stock price is €70.64. Thor Industries's E10 for the quarter that ended in Jan. 2025 was €8.53. Thor Industries's Shiller PE Ratio of today is 8.28.

During the past 13 years, the highest Shiller PE Ratio of Thor Industries was 46.72. The lowest was 8.49. And the median was 19.44.


Thor Industries E10 Historical Data

The historical data trend for Thor Industries's E10 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.

* Premium members only.

Thor Industries E10 Chart

Thor Industries Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.73 4.68 7.71 7.57 8.05

Thor Industries Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
E10 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 7.86 8.40 8.05 8.17 8.53

Competitive Comparison of Thor Industries's E10

For the Recreational Vehicles subindustry, Thor Industries's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Thor Industries's Shiller PE Ratio falls into.



Thor Industries E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Jan. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=-0.01/134.0288*134.0288
=-0.010

Current CPI (Jan. 2025) = 134.0288.

Thor Industries Quarterly Data

per share eps CPI Adj_EPS
201504 1.081 99.824 1.451
201507 1.191 100.691 1.585
201510 0.855 100.346 1.142
201601 0.783 99.957 1.050
201604 1.313 100.947 1.743
201607 1.421 101.524 1.876
201610 1.353 101.988 1.778
201701 1.156 102.456 1.512
201704 1.969 103.167 2.558
201707 1.959 103.278 2.542
201710 2.068 104.070 2.663
201801 1.238 104.578 1.587
201804 2.062 105.708 2.614
201807 1.430 106.324 1.803
201810 0.226 106.695 0.284
201901 -0.088 106.200 -0.111
201904 0.525 107.818 0.653
201907 1.490 108.250 1.845
201910 0.832 108.577 1.027
202001 0.469 108.841 0.578
202004 0.396 108.173 0.491
202007 1.862 109.318 2.283
202010 1.743 109.861 2.126
202101 1.954 110.364 2.373
202104 2.750 112.673 3.271
202107 3.486 115.183 4.056
202110 3.741 116.696 4.297
202201 4.234 118.619 4.784
202204 5.852 121.978 6.430
202207 5.062 125.002 5.428
202210 2.568 125.734 2.737
202301 0.464 126.223 0.493
202304 2.043 127.992 2.139
202307 1.519 128.974 1.579
202310 0.938 129.810 0.968
202401 0.119 130.124 0.123
202404 1.985 132.289 2.011
202407 1.549 132.708 1.564
202410 -0.028 133.182 -0.028
202501 -0.010 134.029 -0.010

Add all the adjusted EPS together and divide 10 will get our e10.


Thor Industries  (FRA:TIV) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Thor Industries's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=70.64/8.53
=8.28

* 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 Shiller P/E Ratio of Thor Industries was 46.72. The lowest was 8.49. And the median was 19.44.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Thor Industries E10 Related Terms

Thank you for viewing the detailed overview of Thor Industries's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Thor Industries Business Description

Traded in Other Exchanges
Address
601 East Beardsley Avenue, Elkhart, IN, USA, 46514-3305
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 accounts for less than 10% of total sales. In fiscal 2024, the company wholesaled 186,908 units and generated over $10 billion in revenue.

Thor Industries Headlines

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