Thermon Group Holdings
Financial ratios & Valuation

Forward Multiples (2026 – 2026)

2026
Price/Earnings ratio
12.86
Price/Sales ratio
1.46
Earnings per Share (EPS)
$1.99

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
15.6024.5545.9761.0035.2341.35736.3626.8524.7721.4622.4741.35
Price/Sales ratio
2.492.002.542.351.941.282.331.511.892.231.851.85
Price/Book Value ratio
2.831.892.152.132.291.421.701.351.992.331.891.89
Price/Cash Flow ratio
14.9011.7925.4633.1534.526.9821.3218.7614.4516.7816.706.98
Price/Free Cash Flow ratio
16.8815.9837.2561.0271.658.2429.1422.9217.2820.1519.898.24
Price/Earnings Growth ratio
0.17-0.46-1.22-3.430.39-0.85-7.940.010.360.410.010.01
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
50.13%46.57%42.37%46.59%42.63%42.14%42.45%39.39%42.01%40.71%41.52%42.14%
Operating Profit Margin
21.73%13.03%8.49%10.60%-11.75%8.51%9.06%10.79%12.52%15.23%13.55%-11.75%
Pretax Profit Margin
20.27%11.48%7.22%5.95%8.03%4.45%-0.09%7.99%11.17%13.68%11.45%8.03%
Net Profit Margin
16.00%8.16%5.54%3.85%5.51%3.11%0.31%5.64%7.64%10.42%8.23%5.51%
Effective Tax Rate
21.06%26.92%21.47%28.11%30.09%30.10%526.73%29.31%31.61%23.76%28.10%30.10%
Return on Assets
10.87%5.80%3.22%1.79%3.47%1.92%0.14%3.15%5.18%6.71%5.33%3.47%
Return On Equity
18.17%7.70%4.68%3.49%6.52%3.44%0.23%5.03%8.03%10.86%8.62%6.52%
Return on Capital Employed
16.72%10.84%5.58%5.45%-8.32%5.82%4.42%6.91%10.22%11.44%10.55%-8.32%
Liquidity Ratios
Current Ratio
3.963.463.783.523.283.593.94N/AN/AN/A2.303.59
Quick Ratio
3.202.763.132.502.392.602.722.131.531.721.322.60
Cash ratio
1.761.460.810.540.420.710.760.510.320.440.320.71
Days of Sales Outstanding
79.5475.7297.72132.95120.44100.13124.37122.6996.9592.7195.82100.13
Days of Inventory outstanding
97.2798.5081.58141.37100.0699.16146.49121.32117.34107.45135.65100.06
Operating Cycle
176.81174.22179.31274.32220.50199.30270.87244.01214.30200.16159.27199.30
Days of Payables Outstanding
40.6647.1537.6150.9335.0141.2445.2956.8339.0439.0844.5235.01
Cash Conversion Cycle
136.14127.07141.70223.39185.49158.05225.57187.17175.25161.0884.75158.05
Debt Ratios
Debt Ratio
0.230.230.170.320.320.280.240.200.170.220.360.32
Debt Equity Ratio
0.390.310.250.630.600.500.390.320.260.360.570.57
Long-term Debt to Capitalization
0.250.210.160.380.360.320.270.230.170.240.200.32
Total Debt to Capitalization
0.280.230.200.380.370.330.280.240.210.260.260.33
Interest Coverage Ratio
14.699.286.373.643.082.251.75N/AN/AN/A11.623.08
Cash Flow to Debt Ratio
0.470.510.320.100.100.400.200.220.510.380.320.10
Company Equity Multiplier
1.671.321.451.941.871.791.621.591.551.611.571.79
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.160.160.100.070.050.180.100.080.130.130.110.05
Free Cash Flow / Operating Cash Flow Ratio
0.880.730.680.540.480.840.730.810.830.830.830.48
Cash Flow Coverage Ratio
0.470.510.320.100.100.400.200.220.510.380.320.10
Short Term Coverage Ratio
3.833.541.308.761.6911.685.033.622.333.361.2111.68
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A