Thor Industries price to free cash flow THO

Market value divided by free cash flow over the last twelve months, since 2011.

Today, Oct 23, 2026: 21.4×
10-year median: 12.1×
Against its 10-year history: 93rd; percentile: 0 is its lowest day, 100 its highest
10-year range: 4.9× to 26.7×
Peer median: 29.2×

Thor Industries' price to free cash flow is 21.4× as of Oct 23, 2026.

That is above its ten-year median of 12.1×, higher than on 93% of days in the last ten years.

Over that time it ranged from 4.9× in Sep 2022 to 26.7× in Jan 2018.

The median for 10 aerospace and defense stocks of a similar size is 29.2×.

Price to free cash flow over time

median 12.1×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	21.4×	13.6×	22.1×
2025	15.0×	6.8×	15.0×
2024	13.0×	7.8×	15.1×
2023	8.3×	5.7×	10.1×
2022	5.1×	4.9×	11.8×
2021	11.5×	10.9×	23.4×
2020	12.5×	7.9×	22.0×
2019	11.9×	6.9×	12.3×
2018	9.1×	8.7×	26.7×
2017	25.8×	17.8×	25.9×
2016	20.1×	13.3×	21.2×
2015	17.6×	12.0×	20.6×
2014	18.6×	17.9×	82.4×
2013	25.0×	20.6×	33.5×
2012	20.1×	7.6×	21.1×
2011	13.9×	12.1×	19.5×

Against its peers

Companies in Aerospace & Defense nearest Thor Industries' size, closest first, today.

Company	Price to free cash flow
THOThor Industries	21.4×
AIRAAR	24.0×
HOGHarley-Davidson	n/m
KRMNKarman	n/m
ATROAstronics	41.0×
LOARLoar	54.4×
SAROStandardAero	32.9×
KTOSKratos Defense & Security Solutions	n/m
DRSLeonardo DRS	25.4×
HIIHuntington Ingalls Industries	n/m
TXTTextron	17.4×
Peer median	29.2×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Thor Industries

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.