Thor IndustriesTHO +3.26%73 PB Ratio is 0.94 as of Jun. 26, 2026, which is 42% below its 10-year median of 1.62. GuruFocus rates THO with a GF Score™ of 73/100 and a GF Value™ of $96.22 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,295 Vehicles & Parts companies, Thor Industries ranks better than 64.4% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-26), Thor Industries's share price is $77.95. Thor Industries's Book Value per Share for the quarter that ended in Apr. 2026 was $82.84. Hence, Thor Industries's PB Ratio of today is 0.94.
Good Sign:
Thor Industries Inc stock PB Ratio (=0.91) is close to 10-year low of 0.87.
The historical rank and industry rank for Thor Industries's PB Ratio or its related term are showing as below:
THO'
s PB Ratio Range Over the Past 10 Years
Min: 0.87 Med: 1.62 Max: 4.9
Current: 0.94
During the past 13 years, Thor Industries's highest PB Ratio was 4.90. The lowest was 0.87. And the median was 1.62.
THO's PB Ratio is ranked better than 64.4% of 1295
companies
in the Vehicles & Parts industry
Industry Median: 1.39
vs THO: 0.94
During the past 12 months, Thor Industries's average Book Value Per Share Growth Rate was 4.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 15.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Thor Industries was 24.70% per year. The lowest was -2.40% per year. And the median was 14.40% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Thor Industries PB Ratio Related Terms
Thor Industries PB Ratio Historical Data
* Premium members only.
The historical data trend for Thor Industries's PB Ratio 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 PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Thor Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where Thor Industries's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Thor Industries's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Thor Industries (THO) has a PB Ratio of 0.94 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Thor Industries and its competitors. This is 42% below median its historical median of 1.62. Over the past decade, Thor Industries' PB Ratio has ranged from 0.87 to 4.90. According to the industry distribution chart, Thor Industries ranks #461 out of 1295 companies in the Vehicles & Parts industry, placing it in the top 35.6%.
Is Thor Industries' PB Ratio too high?
Thor Industries' current PB Ratio of 0.94 is 42% below median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 4.90. The Vehicles & Parts industry median PB Ratio is 1.39. Thor Industries' value of 0.94 is 32.4% below this industry median. Based on the distribution chart, Thor Industries ranks #461 out of 1295 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Thor Industries has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thor Industries' PB Ratio compare to PII and PATK?
According to the Vehicles & Parts industry distribution chart, Thor Industries ranks #461 out of 1295 companies for PB Ratio. This puts Thor Industries in the upper half of its industry. The industry median PB Ratio is 1.39. Thor Industries' value of 0.94 is 32.4% below this benchmark. Historically, Thor Industries' own PB Ratio has ranged from 0.87 to 4.90 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 1.39, Thor Industries 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 PB Ratio for a Vehicles & Parts company?
The median PB Ratio among Vehicles & Parts companies is 1.39, based on 1,295 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thor Industries's current PB Ratio of 0.94 is 32.4% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Thor Industries and its competitors. For the Vehicles & Parts industry, the median PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thor Industries's current PB Ratio is 0.94, which is 42% below median its own 10-year median of 1.62. 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 $96.22, compared to a current price of $77.95 — trading 19% below its estimated fair value. The current PB Ratio is 0.94, which is 42% below median its 10-year median of 1.62 and 32.4% below the Vehicles & Parts industry median of 1.39. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Thor Industries (THO), the current PB Ratio is 0.94 as of Jun. 26, 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 $77.95 is trading 19% below its estimated GF Value™ of $96.22.
GuruFocus considers Thor Industries to be Modestly Undervalued.
Key valuation signals for THO:
PB Ratio: 0.94 (42% below median its 10-year median of 1.62)
GF Value™: $96.22 vs. price of $77.95 (19% below fair value)
Industry Position: 32.4% below the Vehicles & Parts median (#461 of 1295)
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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