Thor IndustriesTHO +4.55%73 ROE % is 9.01% as of Apr. 2026, which is 44% below its 10-year median of 16.07. 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 1,308 Vehicles & Parts companies, Thor Industries ranks worse than 51.91% on this metric.
The historical rank and industry rank for Thor Industries's ROE % or its related term are showing as below:
THO'
s ROE % Range Over the Past 10 Years
Min: 6.12 Med: 16.07 Max: 34.93
Current: 6.12
During the past 13 years, Thor Industries's highest ROE % was 34.93%. The lowest was 6.12%. And the median was 16.07%.
THO's ROE % is ranked worse than 51.91% of 1308
companies
in the Vehicles & Parts industry
Industry Median: 6.62
vs THO: 6.12
Thor Industries (NYSE:THO) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Apr. 2026) net income data. The Revenue data used here is four times the quarterly (Apr. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Thor Industries ROE % Related Terms
Thor Industries ROE % Historical Data
* Premium members only.
The historical data trend for Thor Industries's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Thor Industries's ROE % distribution charts can be found below:
* The bar in red indicates where Thor Industries's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Apr. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Thor Industries (THO) has a ROE % of 9.01% as of Apr. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Thor Industries and its competitors. This is 44% below median its historical median of 16.07. Over the past decade, Thor Industries' ROE % has ranged from 6.12 to 34.93. According to the industry distribution chart, Thor Industries ranks #679 out of 1308 companies in the Vehicles & Parts industry, placing it in the top 51.9%.
Is Thor Industries' ROE % too high?
Thor Industries' current ROE % of 9.01% is 44% below median its 10-year median of 16.07. Over the past 10 years, this metric has ranged from a low of 6.12 to a high of 34.93. The Vehicles & Parts industry median ROE % is 6.62. Thor Industries' value of 9.01% is 36.1% above this industry median. Based on the distribution chart, Thor Industries ranks #679 out of 1308 companies in the Vehicles & Parts industry, which is below 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' ROE % compare to PII and PATK?
According to the Vehicles & Parts industry distribution chart, Thor Industries ranks #679 out of 1308 companies for ROE %. This places Thor Industries in the lower half of its industry. The industry median ROE % is 6.62. Thor Industries' value of 9.01% is 36.1% above this benchmark. Historically, Thor Industries' own ROE % has ranged from 6.12 to 34.93 over the past decade. While the company's 10-year median is 16.07 vs. the industry median of 6.62, 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 ROE % for a Vehicles & Parts company?
The median ROE % among Vehicles & Parts companies is 6.62, based on 1,308 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thor Industries's current ROE % of 9.01% is 36.1% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Thor Industries and its competitors. For the Vehicles & Parts industry, the median ROE % is 6.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thor Industries's current ROE % is 9.01%, which is 44% below median its own 10-year median of 16.07. 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 $78.93 — trading 18% below its estimated fair value. The current ROE % is 9.01%, which is 44% below median its 10-year median of 16.07 and 36.1% above the Vehicles & Parts industry median of 6.62. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Thor Industries (THO), the current ROE % is 9.01% 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 $78.93 is trading 18% below its estimated GF Value™ of $96.22.
GuruFocus considers Thor Industries to be Modestly Undervalued.
Key valuation signals for THO:
ROE %: 9.01% (44% below median its 10-year median of 16.07)
GF Value™: $96.22 vs. price of $78.93 (18% below fair value)
Industry Position: 36.1% above the Vehicles & Parts median (#679 of 1308)
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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