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Thor Industries (STU:TIV) Cyclically Adjusted PB Ratio : 2.04 (As of May. 24, 2024)


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What is Thor Industries Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Thor Industries's current share price is €87.88. Thor Industries's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was €43.00. Thor Industries's Cyclically Adjusted PB Ratio for today is 2.04.

The historical rank and industry rank for Thor Industries's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:TIV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.46   Med: 3.63   Max: 8.4
Current: 2.08

During the past years, Thor Industries's highest Cyclically Adjusted PB Ratio was 8.40. The lowest was 1.46. And the median was 3.63.

STU:TIV's Cyclically Adjusted PB Ratio is ranked worse than
66.42% of 938 companies
in the Vehicles & Parts industry
Industry Median: 1.29 vs STU:TIV: 2.08

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Thor Industries's adjusted book value per share data for the three months ended in Jan. 2024 was €67.767. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €43.00 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thor Industries Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Thor Industries's Cyclically Adjusted 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.

* Premium members only.

Thor Industries Cyclically Adjusted PB Ratio Chart

Thor Industries Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.56 4.38 3.90 2.26 2.65

Thor Industries Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cyclically Adjusted PB Ratio 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 2.38 1.88 2.65 1.95 2.43

Competitive Comparison of Thor Industries's Cyclically Adjusted PB Ratio

For the Recreational Vehicles subindustry, Thor Industries's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Thor Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Thor Industries's Cyclically Adjusted PB Ratio falls into.



Thor Industries Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Thor Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=87.88/43
=2.04

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Thor Industries's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book=Book Value per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=67.767/130.1244*130.1244
=67.767

Current CPI (Jan. 2024) = 130.1244.

Thor Industries Quarterly Data

Book Value per Share CPI Adj_Book
201404 12.515 100.023 16.281
201407 13.548 100.520 17.538
201410 14.819 100.176 19.249
201501 16.428 98.604 21.680
201504 18.495 99.824 24.109
201507 18.480 100.691 23.882
201510 18.681 100.346 24.225
201601 19.854 99.957 25.846
201604 20.080 100.947 25.884
201607 21.817 101.524 27.963
201610 22.890 101.988 29.205
201701 24.589 102.456 31.229
201704 26.116 103.167 32.940
201707 25.993 103.278 32.750
201710 27.198 104.070 34.007
201801 27.200 104.578 33.845
201804 28.854 105.708 35.519
201807 31.477 106.324 38.523
201810 31.770 106.695 38.746
201901 31.634 106.200 38.760
201904 32.789 107.818 39.573
201907 33.767 108.250 40.590
201910 34.614 108.577 41.483
202001 34.488 108.841 41.232
202004 34.779 108.173 41.837
202007 36.563 109.318 43.522
202010 36.734 109.861 43.510
202101 38.113 110.364 44.937
202104 41.262 112.673 47.653
202107 44.646 115.183 50.437
202110 48.088 116.696 53.622
202201 51.817 118.619 56.843
202204 58.311 121.978 62.205
202207 65.797 125.002 68.493
202210 69.086 125.734 71.498
202301 65.557 126.223 67.583
202304 66.583 127.992 67.692
202307 67.418 128.974 68.019
202310 69.690 129.810 69.859
202401 67.767 130.124 67.767

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Thor Industries  (STU:TIV) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Thor Industries Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Thor Industries's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Thor Industries (STU:TIV) Business Description

Traded in Other Exchanges
Address
601 East Beardsley Avenue, Elkhart, IN, USA, 46514-3305
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 over 30 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 motorcaravans, campervans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts through the acquisition of Airxcel in 2021, however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2023, the company wholesaled 187,015 units and generated over $11.1 billion in revenue.

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