Thermon Group Holdings, Inc. (THR) P/E Ratio History
ExpensiveTrading at 45.6x vs 5Y avg 30.8x · 85th percentile · Material premium to history · Data 2012–2026
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P/E Ratio Analysis
As of June 22, 2026, Thermon Group Holdings, Inc. (THR) trades at a price-to-earnings ratio of 45.6x, with a stock price of $61.16 and trailing twelve-month earnings per share of $1.34.
The current P/E is 48% above its 5-year average of 30.8x. Over the past five years, THR's P/E has ranged from a low of 13.8x to a high of 110.3x, placing the current valuation at the 85th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.6x, THR trades at a 78% premium to its sector peers. The sector includes 403 companies with P/E ratios ranging from 0.1x to 198.8x.
The PEG ratio of 0.38 (P/E divided by -15% EPS growth) suggests the stock may be undervalued relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, THR commands a significant premium over the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our THR DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
THR Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
THR P/E vs Peers
HVAC and thermal management peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $5B | 20.9 | 0.56Best | +23% | |
| $3B | 12.1 | 1.50 | +2% | |
| $8B | 29.6 | 1.62 | -14% | |
| $54B | 37.1 | 3.32 | +8% | |
| $20B | 70.3 | 3.43 | +18% | |
| $5B | 32.1 | 3.68 | -16% | |
| $4B | 12.4 | - | +26% | |
| $360M | 8.9Lowest | - | +142%Best |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
THR Historical P/E Data (2012–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q4 | - | $50.40 | $1.34 | 37.6x | -17% |
| FY2026 Q3 | Dec 31 2025 | $37.16 | $1.76 | 21.1x | -54% |
| FY2026 Q2 | - | $26.72 | $1.75 | 15.3x | -66% |
| FY2026 Q1 | Jun 30 2025 | $28.08 | $1.58 | 17.8x | -61% |
| FY2025 Q4 | Mar 31 2025 | $27.85 | $1.57 | 17.7x | -61% |
| FY2025 Q3 | - | $28.77 | $1.36 | 21.2x | -53% |
| FY2025 Q2 | Sep 30 2024 | $29.84 | $1.28 | 23.3x | -49% |
| FY2025 Q1 | Jun 30 2024 | $30.76 | $1.43 | 21.5x | -53% |
| FY2024 Q4 | Mar 31 2024 | $32.72 | $1.50 | 21.8x | -52% |
| FY2024 Q3 | Dec 31 2023 | $32.57 | $1.44 | 22.6x | -50% |
| FY2024 Q2 | Sep 30 2023 | $27.47 | $1.23 | 22.3x | -51% |
| FY2024 Q1 | Jun 30 2023 | $26.60 | $1.13 | 23.5x | -48% |
| FY2023 Q4 | Mar 31 2023 | $24.92 | $1.01 | 24.7x | -46% |
| FY2023 Q3 | Dec 31 2022 | $20.08 | $1.04 | 19.3x | -58% |
| FY2023 Q2 | Sep 30 2022 | $15.41 | $1.12 | 13.8x | -70% |
| FY2023 Q1 | - | $14.05 | $0.80 | 17.6x | -61% |
| FY2022 Q4 | - | $16.20 | $0.59 | 27.5x | -40% |
| FY2022 Q3 | Dec 31 2021 | $16.93 | $0.31 | 55.1x | +21% |
| FY2022 Q2 | - | $17.31 | $0.16 | 110.3x | +143% |
| FY2022 Q1 | Jun 30 2021 | $17.04 | $0.21 | 82.3x | +81% |
| FY2021 Q4 | Mar 31 2021 | $19.49 | $0.04 | 526.8x | +1059% |
| FY2021 Q1 | - | $14.57 | $0.14 | 103.5x | +128% |
| FY2020 Q4 | - | $15.07 | $0.36 | 41.8x | -8% |
| FY2020 Q3 | - | $26.80 | $0.65 | 41.2x | -9% |
| FY2020 Q2 | Sep 30 2019 | $22.98 | $0.74 | 31.1x | -32% |
| FY2020 Q1 | Jun 30 2019 | $25.65 | $0.63 | 40.7x | -10% |
| FY2019 Q4 | Mar 31 2019 | $24.51 | $0.68 | 36.0x | -21% |
| FY2019 Q3 | Dec 31 2018 | $20.28 | $0.66 | 30.7x | -32% |
| FY2019 Q2 | Sep 30 2018 | $25.78 | $0.39 | 66.1x | +45% |
| FY2019 Q1 | Jun 30 2018 | $22.87 | $0.44 | 52.0x | +14% |
| FY2018 Q4 | Mar 31 2018 | $22.41 | $0.36 | 62.3x | +37% |
| FY2018 Q3 | Dec 31 2017 | $23.67 | $0.28 | 84.5x | +86% |
| FY2018 Q2 | Sep 30 2017 | $17.99 | $0.42 | 42.8x | -6% |
| FY2018 Q1 | Jun 30 2017 | $19.17 | $0.38 | 50.4x | +11% |
| FY2017 Q4 | Mar 31 2017 | $20.84 | $0.45 | 46.3x | +2% |
| FY2017 Q3 | Dec 31 2016 | $19.09 | $0.45 | 42.4x | -7% |
| FY2017 Q2 | Sep 30 2016 | $19.75 | $0.55 | 35.9x | -21% |
| FY2017 Q1 | - | $19.21 | $0.65 | 29.6x | -35% |
| FY2016 Q4 | - | $17.56 | $0.71 | 24.7x | -46% |
| FY2016 Q3 | - | $16.92 | $0.93 | 18.2x | -60% |
| FY2016 Q2 | Sep 30 2015 | $20.55 | $1.15 | 17.9x | -61% |
| FY2016 Q1 | - | $24.07 | $1.30 | 18.5x | -59% |
| FY2015 Q4 | - | $24.07 | $1.52 | 15.8x | -65% |
| FY2015 Q3 | Dec 31 2014 | $24.19 | $1.50 | 16.1x | -65% |
| FY2015 Q2 | - | $24.42 | $1.41 | 17.3x | -62% |
| FY2015 Q1 | Jun 30 2014 | $26.32 | $1.38 | 19.1x | -58% |
| FY2014 Q4 | Mar 31 2014 | $23.18 | $0.80 | 29.0x | -36% |
| FY2014 Q3 | - | $27.33 | $0.68 | 40.2x | -12% |
| FY2014 Q2 | Sep 30 2013 | $23.11 | $0.53 | 43.6x | -4% |
| FY2014 Q1 | Jun 30 2013 | $20.40 | $0.42 | 48.6x | +7% |
| FY2013 Q4 | Mar 31 2013 | $22.21 | $0.85 | 26.1x | -43% |
| FY2013 Q3 | Dec 31 2012 | $22.53 | $0.88 | 25.6x | -44% |
| FY2013 Q2 | Sep 30 2012 | $24.99 | $0.86 | 29.1x | -36% |
| FY2013 Q1 | Jun 30 2012 | $20.71 | $0.76 | 27.3x | -40% |
| FY2012 Q4 | Mar 31 2012 | $20.45 | $0.37 | 55.3x | +22% |
| FY2012 Q3 | Dec 31 2011 | $17.62 | $0.27 | 65.3x | +44% |
| FY2012 Q2 | Sep 30 2011 | $13.82 | $0.19 | 72.7x | +60% |
Average P/E for displayed period: 45.5x
Intrinsic Valuation
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Historical Returns
14+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
THR — Frequently Asked Questions
Quick answers to the most common questions about buying THR stock.
What is THR's P/E ratio?
Thermon Group Holdings, Inc. (THR) trailing twelve-month P/E ratio is 45.6x, based on TTM diluted EPS of $1.34. The 5-year average P/E is 30.8x and the historical range spans 13.8x to 110.3x.
Is THR stock overvalued or undervalued?
THR trades at 45.6x P/E, above its 5-year average of 30.8x. The 85th percentile ranking within the 13.8x–110.3x historical range indicates a premium to historical valuation.
Is THR stock expensive?
Yes, THR is expensive relative to its own history. The current P/E of 45.6x is above the 5-year average of 30.8x and also above the Industrials sector median of 25.6x. The stock sits at the 85th percentile of its 5-year valuation range.
What is THR's historical P/E range?
Over the past 5 years, THR's P/E ratio has ranged from 13.8x to 110.3x, with a median of 22.3x and an average of 30.8x. The current P/E of 45.6x places the stock at the 85th percentile of this range. Full historical data spans 2012–2026.
How does THR's P/E compare to the S&P 500?
THR trades at 45.6x P/E versus the S&P 500 median of 24.4x. The 87% premium to the market typically reflects higher expected earnings growth or quality.
How does THR's valuation compare to Industrials peers?
Thermon Group Holdings, Inc. P/E of 45.6x compares to the Industrials sector median of 25.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is THR's PEG ratio?
THR PEG ratio is 0.38, based on a P/E of 45.6x and EPS growth of -14.6%. A PEG below 1.0 indicates the valuation is supported by the earnings growth rate — typically considered attractive.
What is THR's earnings yield?
THR earnings yield is 2.19%, the inverse of its 45.6x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.