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Thermador GroupeCHIX:THEPP 89 Owner Earnings per Share (TTM) is 8.56 as of Dec. 2025, which is 42% below its 10-year median of 14.72. GuruFocus rates CHIX:THEPP with a GF Score™ of 89/100 and a GF Value™ of €79.18. The stock has 6 warning signs investors should review. Among 105 Industrial Distribution companies, Thermador Groupe ranks better than 59.05% on this metric.
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
Thermador Groupe's Owner Earnings per Share (TTM) ended in Dec. 2025 was €8.56. It's Price-to-Owner-Earnings ratio for today is 9.9.
The historical rank and industry rank for Thermador Groupe's Owner Earnings per Share (TTM) or its related term are showing as below:
CHIX:THEPp'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 6.33 Med: 14.72 Max: 24.96
Current: 9.9
CHIX:THEPp's Price-to-Owner-Earnings is ranked better than 59.05% of 105
companies
in the Industrial Distribution industry
Industry Median: 13.84
vs CHIX:THEPp: 9.90
Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.
Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.
Thermador Groupe Owner Earnings per Share (TTM) Related Terms
Thermador Groupe Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Thermador Groupe's Owner Earnings per Share (TTM) 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.
Thermador Groupe Owner Earnings per Share (TTM) Chart
CHIX:THEPP vs GWW, FAST, FERG: Owner Earnings per Share (TTM) Comparison
For the Industrial Distribution subindustry, Thermador Groupe's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.
Thermador Groupe Price-to-Owner-Earnings vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Thermador Groupe's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Thermador Groupe's Price-to-Owner-Earnings falls into.
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income.
Thermador Groupe's Change In Deferred Tax for the trailing twelve months (TTM) ended in Dec. 2025 was €15.3 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = €6.6 Mil
It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.
The following shows how to get maintenance capital expenditure.
First, calculate the revenue change regarding to the previous year. If the revenue decreased from the previous year, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous year, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.
Thermador Groupe's 5-Year Average Maintenance Capital Expenditure = €6.6 Mil
5. "Change In Working Capital" is from cashflow statement. Thermador Groupe's Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2025 was €14.0 Mil.
Note: GuruFocus' Change in Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And sometimes it includes non-current parts of assets and liabilities.
* 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.
What does a Owner Earnings per Share (TTM) of 8.56 mean?
Thermador Groupe (CHIX:THEPP) has a Owner Earnings per Share (TTM) of 8.56 as of Dec. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Thermador Groupe. This is 42% below median its historical median of 14.72. Over the past decade, Thermador Groupe's Owner Earnings per Share (TTM) has ranged from 6.33 to 24.96. According to the industry distribution chart, Thermador Groupe ranks #43 out of 105 companies in the Industrial Distribution industry, placing it in the top 41%.
Is Thermador Groupe's Owner Earnings per Share (TTM) too high?
Thermador Groupe's current Owner Earnings per Share (TTM) of 8.56 is 42% below median its 10-year median of 14.72. Over the past 10 years, this metric has ranged from a low of 6.33 to a high of 24.96. The Industrial Distribution industry median Owner Earnings per Share (TTM) is 13.84. Thermador Groupe's value of 8.56 is 38.2% below this industry median. Based on the distribution chart, Thermador Groupe ranks #43 out of 105 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, Thermador Groupe has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Thermador Groupe's Owner Earnings per Share (TTM) compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Thermador Groupe ranks #43 out of 105 companies for Owner Earnings per Share (TTM). This puts Thermador Groupe in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 13.84. Thermador Groupe's value of 8.56 is 38.2% below this benchmark. Historically, Thermador Groupe's own Owner Earnings per Share (TTM) has ranged from 6.33 to 24.96 over the past decade. While the company's 10-year median is 14.72 vs. the industry median of 13.84, Thermador Groupe has consistently been below 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 Owner Earnings per Share (TTM) for an Industrial Distribution company?
The median Owner Earnings per Share (TTM) among Industrial Distribution companies is 13.84, based on 105 companies in the industry. Companies in the top quartile (top 25%) have a Owner Earnings per Share (TTM) significantly above this median, while those in the bottom quartile fall well below. However, Owner Earnings per Share (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thermador Groupe's current Owner Earnings per Share (TTM) of 8.56 is 38.2% below 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 Owner Earnings per Share (TTM) mean?
A high Owner Earnings per Share (TTM) can signal that a stock is expensive relative to its fundamentals. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Thermador Groupe. For the Industrial Distribution industry, the median Owner Earnings per Share (TTM) is 13.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thermador Groupe's current Owner Earnings per Share (TTM) is 8.56, which is 42% below median its own 10-year median of 14.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermador Groupe stock overvalued right now?
Thermador Groupe (CHIX:THEPP) has a current Owner Earnings per Share (TTM) of 8.56. The stock's GF Value™ is €79.18, compared to a current price of €84.75 — trading 7% above its estimated fair value. The current Owner Earnings per Share (TTM) is 8.56, which is 42% below median its 10-year median of 14.72 and 38.2% below the Industrial Distribution industry median of 13.84. Thermador Groupe's overall GF Score™ is 89/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Owner Earnings per Share (TTM) calculated?
Owner Earnings per Share (TTM) is calculated from a company's financial statements. For Thermador Groupe (CHIX:THEPP), the current Owner Earnings per Share (TTM) is 8.56 as of Dec. 2025. 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 Thermador Groupe (CHIX:THEPP) Overvalued in 2026?
Based on GuruFocus' analysis, Thermador Groupe stock appears to be overvalued.
The current stock price of €84.75 is trading 7% above its estimated GF Value™ of €79.18.
Key valuation signals for CHIX:THEPP:
Owner Earnings per Share (TTM): 8.56 (42% below median its 10-year median of 14.72)
GF Value™: €79.18 vs. price of €84.75 (7% above fair value)
Industry Position: 38.2% below the Industrial Distribution median (#43 of 105)
No single metric tells the full story. See the CHIX:THEPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thermador Groupe SA operates as a corporate group that owns and manages businesses engaged in the distribution of equipment and accessories for fluid circulation used in construction, public works, and industrial applications. Its product portfolio includes heating and domestic hot water accessories, heating pumps, plumbing equipment, sanitary and building taps, ventilation systems, industrial valves, cold water pumps, plastic pipes and fittings for wet and dry networks, irrigation and construction materials, swimming pool equipment, as well as tools and equipment such as air compressors, generators, and welding sets for professional and consumer markets.
89GF Score
Get the complete analysis for CHIX:THEPP
Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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