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Thor IndustriesTHO +0.15%72 Equity-to-Asset is 0.60 as of Apr. 2026, which is 9% above its 10-year median of 0.55. GuruFocus rates THO with a GF Score™ of 72/100 and a GF Value™ of $95.31 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,334 Vehicles & Parts companies, Thor Industries ranks better than 69.19% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Thor Industries's Total Stockholders Equity for the quarter that ended in Apr. 2026 was $4,314 Mil. Thor Industries's Total Assets for the quarter that ended in Apr. 2026 was $7,155 Mil.
Therefore, Thor Industries's Equity to Asset Ratio for the quarter that ended in Apr. 2026 was 0.60.
The historical rank and industry rank for Thor Industries's Equity-to-Asset or its related term are showing as below:
THO'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.34 Med: 0.55 Max: 0.7
Current: 0.6
During the past 13 years, the highest Equity to Asset Ratio of Thor Industries was 0.70. The lowest was 0.34. And the median was 0.55.
THO's Equity-to-Asset is ranked better than 69.19% of 1334
companies
in the Vehicles & Parts industry
Industry Median: 0.49
vs THO: 0.60
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Thor Industries Equity-to-Asset Related Terms
Thor Industries Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Thor Industries's Equity-to-Asset 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 Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Thor Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Thor Industries's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Thor Industries's Equity to Asset Ratio for the fiscal year that ended in Jul. 2025 is calculated as
* 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 (THO) has a Equity-to-Asset of 0.60 as of Apr. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Thor Industries and its competitors. This is near median its historical median of 0.55. Over the past decade, Thor Industries' Equity-to-Asset has ranged from 0.34 to 0.70. According to the industry distribution chart, Thor Industries ranks #411 out of 1334 companies in the Vehicles & Parts industry, placing it in the top 30.8%.
Is Thor Industries' Equity-to-Asset too high?
Thor Industries' current Equity-to-Asset of 0.60 is near median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 0.70. The Vehicles & Parts industry median Equity-to-Asset is 0.49. Thor Industries' value of 0.60 is 22.4% above this industry median. Based on the distribution chart, Thor Industries ranks #411 out of 1334 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Thor Industries has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thor Industries' Equity-to-Asset compare to PII and PATK?
According to the Vehicles & Parts industry distribution chart, Thor Industries ranks #411 out of 1334 companies for Equity-to-Asset. This puts Thor Industries in the upper half of its industry. The industry median Equity-to-Asset is 0.49. Thor Industries' value of 0.60 is 22.4% above this benchmark. Historically, Thor Industries' own Equity-to-Asset has ranged from 0.34 to 0.70 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 0.49, 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 Equity-to-Asset for a Vehicles & Parts company?
The median Equity-to-Asset among Vehicles & Parts companies is 0.49, based on 1,334 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thor Industries's current Equity-to-Asset of 0.60 is 22.4% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Thor Industries and its competitors. For the Vehicles & Parts industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thor Industries's current Equity-to-Asset is 0.60, which is near median its own 10-year median of 0.55. 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 $95.31, compared to a current price of $79.00 — trading 17.1% below its estimated fair value. The current Equity-to-Asset is 0.60, which is near median its 10-year median of 0.55 and 22.4% above the Vehicles & Parts industry median of 0.49. Thor Industries' overall GF Score™ is 72/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Thor Industries (THO), the current Equity-to-Asset is 0.60 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 $79.00 is trading 17.1% below its estimated GF Value™ of $95.31.
GuruFocus considers Thor Industries to be Modestly Undervalued.
Key valuation signals for THO:
Equity-to-Asset: 0.60 (near median its 10-year median of 0.55)
GF Value™: $95.31 vs. price of $79.00 (17.1% below fair value)
Industry Position: 22.4% above the Vehicles & Parts median (#411 of 1334)
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.
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