Thermon Group Holdings Stock Price To Book
| THR Stock | USD 34.99 0.44 1.27% |
Thermon Group Holdings fundamentals help investors to digest information that contributes to Thermon Group's financial success or failures. It also enables traders to predict the movement of Thermon Stock. The fundamental analysis module provides a way to measure Thermon Group's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Thermon Group stock.
As of 05/17/2024, Price To Book Ratio is likely to grow to 4.18. Thermon | Price To Book |
Thermon Group Holdings Company Price To Book Analysis
Thermon Group's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Thermon Group Price To Book | 2.23 X |
Most of Thermon Group's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Thermon Group Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Thermon Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for Thermon Group is extremely important. It helps to project a fair market value of Thermon Stock properly, considering its historical fundamentals such as Price To Book. Since Thermon Group's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Thermon Group's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Thermon Group's interrelated accounts and indicators.
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Thermon Price To Book Historical Pattern
Today, most investors in Thermon Group Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Thermon Group's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to book growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Thermon Group price to book as a starting point in their analysis.
Thermon Group Price To Book |
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Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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Thermon Book Value Per Share
Book Value Per Share |
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Based on the latest financial disclosure, Thermon Group Holdings has a Price To Book of 2.2309 times. This is 62.19% lower than that of the Electrical Equipment sector and significantly higher than that of the Industrials industry. The price to book for all United States stocks is 76.54% higher than that of the company.
Thermon Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Thermon Group's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Thermon Group could also be used in its relative valuation, which is a method of valuing Thermon Group by comparing valuation metrics of similar companies.Thermon Group is currently under evaluation in price to book category among related companies.
Thermon Group Current Valuation Drivers
We derive many important indicators used in calculating different scores of Thermon Group from analyzing Thermon Group's financial statements. These drivers represent accounts that assess Thermon Group's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Thermon Group's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 801.8M | 493.7M | 645.8M | 834.0M | 750.6M | 561.4M | |
| Enterprise Value | 981.9M | 641.1M | 767.1M | 926.7M | 834.0M | 658.3M |
Thermon Group ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Thermon Group's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Thermon Group's managers, analysts, and investors.Environmental | Governance | Social |
Thermon Fundamentals
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0726 | ||||
| Profit Margin | 0.10 % | ||||
| Operating Margin | 0.18 % | ||||
| Current Valuation | 1.34 B | ||||
| Shares Outstanding | 33.71 M | ||||
| Shares Owned By Insiders | 1.87 % | ||||
| Shares Owned By Institutions | 98.13 % | ||||
| Number Of Shares Shorted | 380.01 K | ||||
| Price To Earning | 23.44 X | ||||
| Price To Book | 2.23 X | ||||
| Price To Sales | 2.13 X | ||||
| Revenue | 440.59 M | ||||
| Gross Profit | 138.67 M | ||||
| EBITDA | 78.03 M | ||||
| Net Income | 33.67 M | ||||
| Cash And Equivalents | 35.63 M | ||||
| Cash Per Share | 1.20 X | ||||
| Total Debt | 128.28 M | ||||
| Debt To Equity | 0.41 % | ||||
| Current Ratio | 2.20 X | ||||
| Book Value Per Share | 13.87 X | ||||
| Cash Flow From Operations | 57.71 M | ||||
| Short Ratio | 1.97 X | ||||
| Earnings Per Share | 1.44 X | ||||
| Price To Earnings To Growth | 4.04 X | ||||
| Target Price | 36.67 | ||||
| Number Of Employees | 1.41 K | ||||
| Beta | 1.17 | ||||
| Market Capitalization | 1.16 B | ||||
| Total Asset | 649.63 M | ||||
| Retained Earnings | 237.19 M | ||||
| Working Capital | 140.87 M | ||||
| Current Asset | 199.75 M | ||||
| Current Liabilities | 57.57 M | ||||
| Net Asset | 649.63 M |
About Thermon Group Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Thermon Group Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Thermon Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Thermon Group Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Try AI Portfolio ArchitectCheck out Thermon Group Piotroski F Score and Thermon Group Altman Z Score analysis. Note that the Thermon Group Holdings information on this page should be used as a complementary analysis to other Thermon Group's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Thermon Stock analysis
When running Thermon Group's price analysis, check to measure Thermon Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thermon Group is operating at the current time. Most of Thermon Group's value examination focuses on studying past and present price action to predict the probability of Thermon Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermon Group's price. Additionally, you may evaluate how the addition of Thermon Group to your portfolios can decrease your overall portfolio volatility.
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Is Thermon Group's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Thermon Group. If investors know Thermon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Thermon Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.84 | Earnings Share 1.44 | Revenue Per Share 14.466 | Quarterly Revenue Growth 0.117 | Return On Assets 0.0726 |
The market value of Thermon Group Holdings is measured differently than its book value, which is the value of Thermon that is recorded on the company's balance sheet. Investors also form their own opinion of Thermon Group's value that differs from its market value or its book value, called intrinsic value, which is Thermon Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Thermon Group's market value can be influenced by many factors that don't directly affect Thermon Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Thermon Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thermon Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thermon Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.