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Thermon Group Holdings PE Ratio

: 37.49 (As of Today)
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As of today (2019-10-23), Thermon Group Holdings's share price is $23.62. Thermon Group Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2019 was $0.63. Therefore, Thermon Group Holdings's PE Ratio for today is 37.49.


NYSE:THR' s PE Ratio Range Over the Past 10 Years
Min: 13.63   Max: 323.4
Current: 37.48

13.63
323.4

During the past 10 years, the highest PE Ratio of Thermon Group Holdings was 323.40. The lowest was 13.63. And the median was 35.70.


NYSE:THR's PE Ratio is ranked lower than
80% of the 1502 Companies
in the Industrial Products industry.

( Industry Median: 17.12 vs. NYSE:THR: 37.48 )

Thermon Group Holdings's Earnings per Share (Diluted) for the three months ended in Jun. 2019 was $0.04. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2019 was $0.63.

As of today (2019-10-23), Thermon Group Holdings's share price is $23.62. Thermon Group Holdings's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2019 was $0.63. Therefore, Thermon Group Holdings's PE Ratio without NRI for today is 37.49.

During the past 10 years, Thermon Group Holdings's highest PE Ratio without NRI was 323.40. The lowest was 13.63. And the median was 35.70.

Thermon Group Holdings's EPS without NRI for the three months ended in Jun. 2019 was $0.04. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2019 was $0.63.

Thermon Group Holdings's EPS (Basic) for the three months ended in Jun. 2019 was $0.05. Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2019 was $0.66.


Thermon Group Holdings PE Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Thermon Group Holdings Annual Data
Mar09 Mar10 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.84 24.73 46.31 62.25 36.04

Thermon Group Holdings Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 51.98 66.10 30.73 36.04 40.71

Competitive Comparison
* 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.


Thermon Group Holdings PE Ratio Distribution

* The bar in red indicates where Thermon Group Holdings's PE Ratio falls into.



Thermon Group Holdings PE Ratio Calculation

PE Ratio is the most widely used ratio in the valuation of stocks.

Thermon Group Holdings's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=23.62/0.63
=37.49

Thermon Group Holdings's Share Price of today is $23.62.
Thermon Group Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2019 was 0.1 (Sep. 2018 ) + 0.29 (Dec. 2018 ) + 0.2 (Mar. 2019 ) + 0.04 (Jun. 2019 ) = $0.63.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

It can also be calculated from the numbers for the whole company:


There are at least three kinds of PE Ratio used by different investors. They are Trailing Twelve Month PE Ratio or PE Ratio (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


Thermon Group Holdings  (NYSE:THR) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company’s earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower-P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes mearningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG. PEG is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PS Ratio and Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


Thermon Group Holdings PE Ratio Related Terms


Thermon Group Holdings PE Ratio Headlines

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