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Thermon Group Holdings logo
Thermon Group Holdings THR
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Quarterly report 2026-Q3
added 05-21-2026

Thermon Group Holdings Financial Ratios 2026-2010 | THR

Brief overview of Thermon Group Holdings's financial ratios

The comparison uses the five latest available annual observations between 2022 and 2026.

The valuation comparison uses P/E 47.48x (median 22.41x), EV/EBITDA 25.28x (median 14.61x), P/S 3.95x (median 2.11x). Multiples are on average 108.9% above their own medians. A substantial share of positive expectations may already be priced in.

At the current P/E, inverse earnings yield is 2.1%, a useful bridge between price and business earnings.

Capital efficiency is characterized by ROE 8.3%, ROA 5.4%, ROCE 13.1%. Profitability remains low. Market valuation has limited fundamental support until resource returns improve.

Price, earnings and growth produce a PEG of 1.47x, a neutral level if forecasts are realistic.

The cash conversion cycle remains near its former level at 164 days after 156.7 days.

What the ratios show

Thermon Group Holdings's multiples are demanding relative to current business quality. Material improvement is needed to justify them.

Annual Financial Ratios Thermon Group Holdings

2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010

P/E

 47.5 15.8 22.0 22.4 37.4 648.0 41.9 36.9 62.0 45.2 26.2 15.1 29.2 22.4 53.7 - -

P/S

 3.9 1.7 2.3 1.7 2.1 2.1 1.3 2.0 2.4 2.5 2.1 2.4 2.7 2.1 2.4 - -

EPS

 1.4 1.6 1.5 1.0 0.6 0.0 0.4 0.7 0.4 0.5 0.7 1.5 0.8 0.9 0.4 -0.6 -

EV (Enterprise Value)

 2.36 B 1.07 B 1.38 B 949 M 947 M 765 M 732 M 1.12 B 1.03 B 761 M 688 M 833 M 872 M 769 M 858 M -51.3 M -

EBITDA per Share

 2.86 3.03 2.8 2.22 1.76 0.85 1.52 2.13 1.52 1.06 1.57 2.43 2.21 2.21 1.92 - -

EV/EBITDA

 25.3 10.4 14.6 12.8 16.2 27.1 12.6 14.7 18.7 20.5 12.1 9.8 11.5 9.9 13.7 - -

PEG

 1.47 0.64 1.27 1.11 1.58 -148.87 -0.87 0.41 -3.38 -1.22 -0.49 0.17 -4.28 0.2 24.58 - -

P/B

 3.9 1.7 2.4 1.8 1.9 1.5 1.4 2.4 2.2 2.2 2.0 2.7 3.0 2.7 3.4 - -

P/CF

 45.2 13.4 17.2 13.1 26.1 18.8 8.4 75.1 62.1 36.6 17.1 16.3 17.6 17.2 -180.0 - -

ROE %

 8.27 10.80 10.86 8.04 5.03 0.23 3.45 6.60 3.56 4.76 7.81 18.17 10.30 11.93 6.25 - -

ROA %

 5.37 7.08 6.72 5.18 3.16 0.14 1.92 3.47 1.80 3.22 4.91 10.89 5.83 6.19 2.83 - -

ROCE %

 13.13 16.10 15.87 13.17 9.62 1.95 5.74 8.32 5.46 5.59 9.36 16.76 14.70 14.62 12.38 - -

Current Ratio

 2.8 2.9 2.6 2.8 2.7 2.6 3.6 3.3 3.5 3.8 3.5 4.0 4.0 3.3 1.9 - -

DSO

 80.1 79.5 75.6 79.9 87.1 110.3 100.1 120.4 133.0 95.0 85.8 79.5 77.3 83.4 74.5 - -

DIO

 128.9 116.2 108.6 109.9 114.7 142.1 99.2 100.1 141.4 81.6 98.5 97.3 95.8 83.0 101.4 - -

DPO

 45.0 41.5 37.9 43.5 45.1 51.3 41.2 35.0 50.9 37.6 47.2 40.7 43.8 49.2 41.5 - -

Operating Cycle

 209.0 195.8 184.2 189.8 201.8 252.5 199.3 220.5 274.3 176.5 184.3 176.8 173.2 166.5 175.9 - -

Cash Conversion Cycle

 164.0 154.3 146.4 146.3 156.7 201.2 158.1 185.5 223.4 138.9 137.2 136.1 129.3 117.3 134.5 - -

All numbers in USD currency

Quarterly Financial Ratios Thermon Group Holdings

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

EPS

 0.56 0.45 0.26 0.56 0.45 0.26 - 0.55 0.28 0.25 - 0.47 0.44 0.33 - 0.25 0.33 0.2 - 0.34 0.34 - 0.03 0.19 0.06 -0.18 -0.09 0.2 0.2 0.21 0.05 0.3 0.3 0.1 0.19 0.02 0.15 0.01 0.01 0.02 0.17 0.11 0.08 0.17 0.26 0.21 0.14 0.49 1.21 0.73 0.3 0.49 0.4 0.34 -0.22 0.25 0.25 0.23 0.22 0.23 0.23 0.13 -0.18

EBITDA per Share

 0.99 0.83 0.52 0.99 0.83 0.52 - 0.99 0.61 0.57 - 0.7 0.71 0.59 - 0.49 0.55 0.48 - 0.57 1.22 0.59 - 0.39 0.18 -0.03 0.07 0.46 1.02 0.82 0.36 0.62 1.26 0.75 0.42 0.38 0.29 0.19 0.05 0.36 0.64 0.45 0.13 0.27 0.77 0.61 0.25 0.81 2.03 1.2 0.45 0.82 0.9 0.68 0.39 0.58 0.83 0.73 0.48 0.62 0.91 0.76 -0.02

ROE %

 11.38 10.88 9.67 11.78 10.32 9.20 7.52 10.91 10.44 11.03 9.24 11.29 10.67 8.98 6.46 9.36 10.33 7.47 5.83 5.56 4.29 1.78 0.13 -0.45 -0.31 1.13 3.28 6.10 7.26 6.28 6.78 6.62 3.88 4.37 3.60 2.85 2.87 2.99 3.00 3.05 4.76 4.44 5.19 7.95 11.65 14.73 18.12 18.08 18.86 19.57 20.62 19.29 16.38 14.61 12.62 13.37 13.79 12.75 6.61 3.90 2.26 -2.79 -

ROA %

 7.52 7.20 6.40 7.71 6.72 5.92 4.80 6.77 6.56 6.98 5.85 7.15 6.86 6.44 4.77 6.62 5.27 3.59 3.59 3.42 2.58 1.03 0.10 -0.21 -0.16 0.60 1.80 3.31 3.79 3.23 3.49 3.37 1.97 2.50 2.13 1.93 1.98 2.01 2.01 1.98 3.01 2.72 3.17 4.81 6.98 8.77 10.74 10.57 10.75 10.83 11.03 10.16 8.44 7.47 6.35 6.52 6.39 5.65 2.92 1.66 0.92 -1.13 -

ROCE %

 16.39 15.63 13.74 17.10 15.26 13.95 11.65 16.24 15.48 15.93 13.04 16.46 15.92 13.82 10.26 14.43 17.73 16.08 13.28 15.96 12.65 4.00 1.60 2.28 2.98 5.65 11.24 12.01 14.00 15.89 14.85 17.45 15.16 12.02 9.89 6.35 6.67 6.83 8.24 9.16 8.36 10.21 12.36 13.91 19.65 35.52 43.09 45.85 47.01 34.52 29.58 29.19 26.54 26.07 27.17 29.39 31.30 33.32 33.61 25.66 9.21 8.08 -0.40

Current Ratio

 2.9 3.0 3.0 2.9 3.0 3.0 2.9 2.8 2.8 2.7 2.6 2.4 3.0 2.9 2.8 2.7 2.5 - 2.7 2.6 2.6 2.6 2.6 2.4 2.3 2.3 2.3 2.3 2.2 2.1 2.1 2.1 2.1 2.1 2.1 2.0 3.5 3.5 3.2 3.1 3.0 3.0 2.8 2.6 2.6 2.7 2.5 2.5 2.4 2.4 2.3 2.2 2.1 2.0 2.1 - - - - - - - -

DSO

 66.3 70.3 89.1 66.3 70.3 88.2 - 70.7 76.5 81.6 - 74.3 71.3 80.8 - 72.1 45.6 45.6 - 77.9 28.2 44.5 94.0 81.8 95.5 132.7 97.8 88.6 87.2 101.4 82.5 70.3 25.2 45.1 80.0 69.6 79.9 102.0 82.3 81.8 26.6 39.5 74.5 69.4 25.2 39.1 78.3 68.3 24.4 35.4 68.4 55.8 69.2 66.5 77.9 65.1 63.8 69.8 64.9 61.8 61.7 57.6 -

DIO

 132.2 139.4 166.4 132.2 139.4 145.4 - 117.4 131.4 124.3 - 109.0 122.3 134.0 - 118.7 79.3 56.1 - 103.1 38.5 62.1 146.4 155.6 172.1 181.7 - 103.7 108.5 106.8 112.0 95.5 95.7 122.0 - 98.2 121.7 118.2 - 100.9 32.8 48.3 - 103.9 37.0 54.6 - 92.5 31.6 47.7 - 99.0 30.0 43.2 - 89.9 31.9 49.0 - 97.4 30.5 43.5 -

DPO

 46.5 48.2 54.1 46.5 48.2 48.4 - 38.0 43.7 43.7 - 35.4 41.5 42.6 - 45.3 34.3 26.3 - 50.1 15.8 20.4 45.6 51.8 56.0 64.0 - 38.4 38.5 36.6 41.7 33.9 32.1 43.6 - 37.7 46.1 46.3 - 39.3 12.5 20.3 - 40.8 13.3 21.4 - 47.4 16.3 22.1 - 53.9 17.7 25.0 - 50.7 15.3 20.2 - 52.3 17.2 26.0 -

Operating Cycle

 - - - 198.5 209.7 233.6 - 188.1 207.8 205.9 - 183.3 193.5 214.8 - 190.8 125.0 101.7 - 181.0 66.7 106.5 240.4 237.4 267.5 314.3 97.8 192.3 195.6 208.2 194.5 165.8 120.9 167.1 80.0 167.8 201.6 220.3 82.3 182.8 59.4 87.9 74.5 173.3 62.1 93.7 78.3 160.8 56.1 83.0 68.4 154.8 99.2 109.7 77.9 154.9 95.7 118.8 64.9 159.2 92.1 101.1 -

Cash Conversion Cycle

 - - - 152.0 161.5 185.2 - 150.1 164.2 162.2 - 148.0 152.1 172.2 - 145.5 90.7 75.4 - 130.8 50.9 86.1 194.9 185.7 211.6 250.3 97.8 154.0 157.1 171.6 152.8 131.9 88.8 123.5 80.0 130.1 155.5 174.0 82.3 143.4 46.8 67.6 74.5 132.4 48.8 72.3 78.3 113.4 39.8 60.9 68.4 100.9 81.5 84.7 77.9 104.3 80.4 98.7 64.9 107.0 74.9 75.1 -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Thermon Group Holdings, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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