Thermon Group Holdings, Inc.

NYSE:THR Stock Report

Market Cap: US$1.6b

Thermon Group Holdings Valuation

Is THR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of THR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: THR ($50.42) is trading above our estimate of future cash flow value ($31.57)

Significantly Below Future Cash Flow Value: THR is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for THR?

Key metric: As THR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for THR. This is calculated by dividing THR's market cap by their current earnings.
What is THR's PE Ratio?
PE Ratio28.2x
EarningsUS$58.80m
Market CapUS$1.60b

Price to Earnings Ratio vs Peers

How does THR's PE Ratio compare to its peers?

The above table shows the PE ratio for THR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.6x
SHLS Shoals Technologies Group
51.8x21.01%US$1.6b
PLPC Preformed Line Products
36.9x21.28%US$1.3b
ALNT Allient
59.7x22.24%US$1.1b
AMSC American Superconductor
10.3x-18.87%US$1.2b
THR Thermon Group Holdings
28.2x11.51%US$1.6b

Price-To-Earnings vs Peers: THR is good value based on its Price-To-Earnings Ratio (28.2x) compared to the peer average (43.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does THR's PE Ratio compare vs other companies in the US Electrical Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
STEM Stem
1x-97.29%US$100.60m
HLGN Heliogen
0.3xn/aUS$10.50m
DEWY Dewey Electronics
4.4xn/aUS$2.45m
ADNH Advent Technologies Holdings
1.9xn/aUS$1.42m
THR 28.2xIndustry Avg. 35.8xNo. of Companies5PE020406080100+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: THR is good value based on its Price-To-Earnings Ratio (28.2x) compared to the US Electrical industry average (34.8x).

Price to Earnings Ratio vs Fair Ratio

What is THR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

THR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.2x
Fair PE Ratio21.7x

Price-To-Earnings vs Fair Ratio: THR is expensive based on its Price-To-Earnings Ratio (28.2x) compared to the estimated Fair Price-To-Earnings Ratio (21.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst THR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$50.42
US$57.00
+13.05%
6.24%US$62.00US$54.00n/a3
Jan ’27US$37.16
US$37.00
-0.43%
2.70%US$38.00US$36.00n/a2
Dec ’26US$35.39
US$37.00
+4.55%
2.70%US$38.00US$36.00n/a2
May ’26US$26.75
US$36.50
+36.45%
1.37%US$37.00US$36.00n/a2
Apr ’26US$28.14
US$35.00
+24.38%
6.17%US$37.00US$32.00n/a3
Mar ’26US$29.50
US$35.00
+18.64%
6.17%US$37.00US$32.00n/a3
Feb ’26US$27.68
US$35.00
+26.45%
6.17%US$37.00US$32.00US$45.253
Jan ’26US$28.77
US$35.00
+21.65%
6.17%US$37.00US$32.00US$37.163
Dec ’25US$31.56
US$35.00
+10.90%
6.17%US$37.00US$32.00US$35.393
Nov ’25US$26.41
US$37.33
+41.36%
11.01%US$42.00US$32.00US$28.733
Oct ’25US$29.49
US$37.33
+26.60%
11.01%US$42.00US$32.00US$27.283
Sep ’25US$31.43
US$37.33
+18.78%
11.01%US$42.00US$32.00US$26.523
Aug ’25US$31.19
US$37.33
+19.70%
11.01%US$42.00US$32.00US$27.413
Jul ’25US$29.74
US$37.33
+25.53%
11.01%US$42.00US$32.00US$28.613
Jun ’25US$33.76
US$37.33
+10.58%
11.01%US$42.00US$32.00US$25.943
May ’25US$32.18
US$38.67
+20.16%
17.58%US$48.00US$32.00US$26.753
Apr ’25US$32.88
US$34.00
+3.41%
5.88%US$36.00US$32.00US$28.142
US$57
Fair Value
11.5% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/06 06:45
End of Day Share Price 2026/02/06 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Thermon Group Holdings, Inc. is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James WestBarclays
Charles BradyBMO Capital Markets Equity Research
Christopher MooreCJS Securities, Inc.