Start with its own history
At 44.96×, THR is 57.1% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · THRElectrical Equipment & PartsUpdated Oct 30, 2026
Thermon Group Holdings, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
44.96×
57.1% belowthe 10-year annual average
Share price61.14
÷Earnings per share1.36
Price and EPS in quote currency. Calculation details
Investors are paying 44.96 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 104.74×
3-year average25.45×3 positive annual observations
5-year average25.60×5 positive annual observations
10-year average104.74×10 positive annual observations
Peer median · TTM25.14×6 peers with positive P/E
Historical P/E ratios
Annual period-end data · 15 observations
| Period end | P/E | Change |
|---|---|---|
| Mar 31, 2026 | 37.33× | +113.1% |
| Mar 31, 2025 | 17.52× | -18.5% |
| Mar 31, 2024 | 21.49× | -12.9% |
| Mar 31, 2023 | 24.67× | -8.6% |
| Mar 31, 2022 | 27.00× | -96.3% |
| Mar 31, 2021 | 735.47× | +1656.9% |
| Mar 31, 2020 | 41.86× | +19.0% |
| Mar 31, 2019 | 35.17× | -41.9% |
View all 15 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Mar 31, 2018 | 60.57× | +30.8% |
| Mar 31, 2017 | 46.31× | +89.9% |
| Mar 31, 2016 | 24.39× | +56.0% |
| Mar 31, 2015 | 15.63× | -44.7% |
| Mar 31, 2014 | 28.27× | +13.0% |
| Mar 31, 2013 | 25.02× | -49.8% |
| Mar 31, 2012 | 49.88× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How THR compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 THR This stockThermon Group Holdings, Inc. | 44.96× |
 BLDPBallard Power Systems Inc. | N/M |
 GRCThe Gorman-Rupp Company | 26.37× |
 ASTEAstec Industries, Inc. | 45.70× |
 GICGlobal Industrial Co | 19.82× |
 SFLSFL Corporation Ltd | 24.42× |
 GSLGlobal Ship Lease, Inc. | 3.86× |
 BBSIBarrett Business Services, Inc. | 25.86× |
 SERVServe Robotics Inc. | N/M |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does THR’s P/E tell you?
Compare like with like
The median of the 6 positive peer ratios above is 25.14×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take THR into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("THR", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 61.14 ÷ EPS 1.36 = 44.96×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Oct 30, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
THR P/E ratio: common questions
The essentials behind the numbers.
Thermon Group Holdings, Inc.'s current P/E is 44.96× based on the quote data last updated Oct 30, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.