Thor Industries's Enterprise Value for the quarter that ended in Jan. 2024 was $7,100 Mil.
Thor Industries's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $464 Mil. Thor Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 6.54%.
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: 9.57 Max: 29.49
Current: 7.39
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 9.57%.
THO's Earnings Yield (Joel Greenblatt) % is ranked better than 57.31% of 1307
companies
in the Vehicles & Parts industry
Industry Median: 5.74
vs THO: 7.39
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 Jan. 2024 was 28.16%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven 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.
Thor Industries Earnings Yield (Joel Greenblatt) % Historical Data
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) % Distribution
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. 2023 is calculated as
Thor Industries's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $464 Mil.
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
Thank you for viewing the detailed overview of Thor Industries's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Thor Industries (Thor Industries) Business Description
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 over 30 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 motorcaravans, campervans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts through 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 2023, the company wholesaled 187,015 units and generated over $11.1 billion in revenue.
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