THO (Thor Industries) ROCE %: 10.47% (As of Apr. 2026)


THO Thor Industries Inc THO
73 GF Score
Price $77.95
GF Value $96.22
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Thor Industries ROCE %?

Thor Industries THO +3.26% 73 ROCE % is 10.47% as of Apr. 2026. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Thor Industries's annualized ROCE % for the quarter that ended in Apr. 2026 was 10.47%.

Thor Industries  (NYSE:THO) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Thor Industries ROCE % Related Terms

Thor Industries ROCE % Historical Data

* Premium members only.

The historical data trend for Thor Industries's ROCE % 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.

Thor Industries ROCE % Chart

Thor Industries Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.58 29.49 10.66 7.96 6.30

Thor Industries Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
ROCE % Get a 7-Day Free Trial 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 12.41 11.16 3.03 2.22 10.47
THO
73GF Score
Thor Industries Inc THO
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Thor Industries ROCE % Calculation

Thor Industries's annualized ROCE % for the fiscal year that ended in Jul. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jul. 2025 )  (A: Jul. 2024 )(A: Jul. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jul. 2025 )  (A: Jul. 2024 )(A: Jul. 2025 )
=344.632/( ( (7020.823 - 1567.022) + (7065.284 - 1584.696) )/ 2 )
=344.632/( (5453.801+5480.588)/ 2 )
=344.632/5467.1945
=6.30 %

Thor Industries's ROCE % of for the quarter that ended in Apr. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Apr. 2026 )  (Q: Jan. 2026 )(Q: Apr. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Apr. 2026 )  (Q: Jan. 2026 )(Q: Apr. 2026 )
=572.512/( ( (7016.848 - 1540.075) + (7154.775 - 1691.047) )/ 2 )
=572.512/( ( 5476.773 + 5463.728 )/ 2 )
=572.512/5470.2505
=10.47 %

(1) Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 10.47% mean?
Thor Industries (THO) has a ROCE % of 10.47% as of Apr. 2026.
Is Thor Industries' ROCE % too high?
Thor Industries' current ROCE % is 10.47%. The Vehicles & Parts industry median ROCE % is 7.94. Thor Industries' value of 10.47% is 31.9% above this industry median. 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' ROCE % compare to PII and PATK?
Thor Industries' ROCE % of 10.47% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. Thor Industries' value of 10.47% is 31.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 7.94, based on 1,319 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thor Industries's current ROCE % of 10.47% is 31.9% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Vehicles & Parts industry, the median ROCE % is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thor Industries's current ROCE % is 10.47%. 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 ROCE % is 10.47% and 31.9% above the Vehicles & Parts industry median of 7.94. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Thor Industries (THO), the current ROCE % is 10.47% 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 $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:

  • ROCE %: 10.47%
  • GF Value™: $96.22 vs. price of $77.95 (19% below fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 31.9% above the Vehicles & Parts median

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.

Thor Industries Business Description

Other Exchanges 0LF8:UKTIV:Germany
Address 52700 Independence Court, Elkhart, IN, USA, 46514-8155
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.
73GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$77.95
Price
$96.22
GF Value