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Thor IndustriesTHO +3.39%73 Earnings Yield (Joel Greenblatt) % is 7.99% as of Apr. 2026, which is 4% below its 10-year median of 8.28. GuruFocus rates THO with a GF Scoreâ„¢ of 73/100 and a GF Valueâ„¢ of $95.20 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,335 Vehicles & Parts companies, Thor Industries ranks better than 63.15% on this metric.
Thor Industries's Enterprise Value for the quarter that ended in Apr. 2026 was $4,615 Mil.
Thor Industries's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 was $368 Mil. Thor Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2026 was 7.99%.
The historical rank and industry rank for Thor Industries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
THO'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.39 Med: 8.28 Max: 29.49
Current: 8.12
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Thor Industries was 29.49%. The lowest was 4.39%. And the median was 8.28%.
THO's Earnings Yield (Joel Greenblatt) % is ranked better than 63.15% of 1335
companies
in the Vehicles & Parts industry
Industry Median: 5.89
vs THO: 8.12
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Thor Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2026 was -5.41%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Thor Industries Earnings Yield (Joel Greenblatt) % Related Terms
Thor Industries Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Thor Industries's Earnings Yield (Joel Greenblatt) % 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.
For the Recreational Vehicles subindustry, Thor Industries's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Thor Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Thor Industries's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Thor Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jul. 2025 is calculated as
Thor Industries's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $368 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 7.99% mean?
Thor Industries (THO) has a Earnings Yield (Joel Greenblatt) % of 7.99% as of Apr. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Thor Industries and its competitors. This is near median its historical median of 8.28. Over the past decade, Thor Industries' Earnings Yield (Joel Greenblatt) % has ranged from 4.39 to 29.49. According to the industry distribution chart, Thor Industries ranks #492 out of 1335 companies in the Vehicles & Parts industry, placing it in the top 36.9%.
Is Thor Industries' Earnings Yield (Joel Greenblatt) % too high?
Thor Industries' current Earnings Yield (Joel Greenblatt) % of 7.99% is near median its 10-year median of 8.28. Over the past 10 years, this metric has ranged from a low of 4.39 to a high of 29.49. The Vehicles & Parts industry median Earnings Yield (Joel Greenblatt) % is 5.89. Thor Industries' value of 7.99% is 35.7% above this industry median. Based on the distribution chart, Thor Industries ranks #492 out of 1335 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Thor Industries has a GF Scoreâ„¢ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thor Industries' Earnings Yield (Joel Greenblatt) % compare to PII and PATK?
According to the Vehicles & Parts industry distribution chart, Thor Industries ranks #492 out of 1335 companies for Earnings Yield (Joel Greenblatt) %. This puts Thor Industries in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.89. Thor Industries' value of 7.99% is 35.7% above this benchmark. Historically, Thor Industries' own Earnings Yield (Joel Greenblatt) % has ranged from 4.39 to 29.49 over the past decade. While the company's 10-year median is 8.28 vs. the industry median of 5.89, Thor Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Vehicles & Parts company?
The median Earnings Yield (Joel Greenblatt) % among Vehicles & Parts companies is 5.89, based on 1,335 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thor Industries's current Earnings Yield (Joel Greenblatt) % of 7.99% is 35.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Thor Industries and its competitors. For the Vehicles & Parts industry, the median Earnings Yield (Joel Greenblatt) % is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thor Industries's current Earnings Yield (Joel Greenblatt) % is 7.99%, which is near median its own 10-year median of 8.28. 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 (THO) is currently considered Modestly Undervalued. The stock's GF Value™ is $95.20, compared to a current price of $77.51 — trading 18.6% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 7.99%, which is near median its 10-year median of 8.28 and 35.7% above the Vehicles & Parts industry median of 5.89. 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 Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Thor Industries (THO), the current Earnings Yield (Joel Greenblatt) % is 7.99% 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 (THO) Overvalued in 2026?
Based on GuruFocus' analysis, Thor Industries stock appears to be undervalued.
The current stock price of $77.51 is trading 18.6% below its estimated GF Value™ of $95.20.
GuruFocus considers Thor Industries to be Modestly Undervalued.
Key valuation signals for THO:
Earnings Yield (Joel Greenblatt) %: 7.99% (near median its 10-year median of 8.28)
GF Value™: $95.20 vs. price of $77.51 (18.6% below fair value)
Industry Position: 35.7% above the Vehicles & Parts median (#492 of 1335)
No single metric tells the full story. See the THO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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