Gentherm Incorporated (THRM) Key Metrics
THRM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.58B
- Enterprise value
- $1.20B
- P/E (TTM)
- 33.8 10-yr median 35.3
- Forward P/E
- 11.1
- PEG ratio
- 1.02
- Price / sales
- 1.0 10-yr median 1.4
- Price / book
- 1.5 10-yr median 2.9
- EV / EBITDA
- 10.5 10-yr median 11.6
- Dividend yield
- —
- Beta
- 1.37
THRM key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTHRM valuation Price multiples at each fiscal year-end price.
THRM returns How much profit the business earns on the capital it uses.
THRM per-share figures Results divided by the shares outstanding at year-end.
THRM financial health Debt, liquidity and how easily interest is covered.
THRM efficiency & capital use Working capital cycle and where the cash goes.
THRM valuation history
THRM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
THRM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
THRM cash returned to shareholders
THRM price vs earnings per share
THRM key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.13B | $1.26B | $1.73B | $2.19B | $2.91B | $2.15B | $1.48B | $1.45B | $1.17B | $1.24B |
| Enterprise value | $1.26B | $1.39B | $1.83B | $2.30B | $2.79B | $2.11B | $1.52B | $1.55B | $1.21B | $1.23B |
| P/E ratio | 61.5 | 19.3 | 42.9 | 89.5 | 31.2 | 36.1 | 39.4 | 34.5 | 33.2 | 16.2 |
| Price / sales | 0.8 | 0.9 | 1.2 | 1.8 | 2.8 | 2.4 | 1.5 | 1.4 | 1.2 | 1.4 |
| Price / book | 1.6 | 2.0 | 2.7 | 3.3 | 4.5 | 3.7 | 3.1 | 3.0 | 2.1 | 2.7 |
| Price / free cash flow | 18.4 | 34.6 | 21.4 | — | 30.0 | 23.8 | 15.5 | 18.8 | — | 29.4 |
| Price / operating cash flow | 9.6 | 11.5 | 14.5 | 146.3 | 20.4 | 19.5 | 12.4 | 12.2 | 23.4 | 11.4 |
| EV / sales | 0.8 | 1.0 | 1.2 | 1.9 | 2.7 | 2.3 | 1.6 | 1.5 | 1.2 | 1.3 |
| EV / EBITDA | 12.2 | 7.9 | 12.0 | 23.0 | 17.7 | 15.5 | 10.7 | 11.2 | 8.5 | 8.2 |
| EV / free cash flow | 20.6 | 38.2 | 22.6 | — | 28.7 | 23.3 | 16.0 | 20.1 | — | 29.3 |
| Earnings yield | 1.6% | 5.2% | 2.3% | 1.1% | 3.2% | 2.8% | 2.5% | 2.9% | 3.0% | 6.2% |
| Free cash flow yield | 5.4% | 2.9% | 4.7% | −1.2% | 3.3% | 4.2% | 6.4% | 5.3% | −0.1% | 3.4% |
| Dividend yield | — | — | 0.0% | 0.3% | 0.3% | 0.8% | 1.1% | 7.3% | 0.0% | 9.1% |
| Shareholder yield (dividends + buybacks) | 0.9% | 4.1% | 5.3% | 0.5% | 1.0% | 1.2% | 5.5% | 17.6% | 0.6% | 9.2% |
| Share price at fiscal year-end | $36.37 | $39.92 | $52.36 | $65.29 | $86.90 | $65.22 | $44.39 | $39.98 | $31.75 | $33.85 |
| Per share | ||||||||||
| Revenue per share | $48.31 | $46.26 | $44.43 | $35.96 | $31.22 | $27.65 | $29.18 | $28.70 | $26.77 | $25.07 |
| Earnings per share | $0.59 | $2.06 | $1.22 | $0.73 | $2.79 | $1.81 | $1.13 | $1.16 | $0.96 | $2.09 |
| Operating cash flow per share | $3.77 | $3.48 | $3.61 | $0.45 | $4.27 | $3.35 | $3.57 | $3.27 | $1.35 | $2.96 |
| Free cash flow per share | $1.98 | $1.15 | $2.44 | −$0.75 | $2.90 | $2.74 | $2.86 | $2.13 | −$0.02 | $1.15 |
| Cash per share | $5.20 | $4.26 | $4.53 | $4.59 | $5.69 | $8.12 | $1.59 | $1.10 | $2.80 | $4.84 |
| Book value per share | $23.28 | $19.60 | $19.50 | $20.07 | $19.51 | $17.75 | $14.54 | $13.26 | $15.05 | $12.58 |
| Tangible book value per share | $18.06 | $14.62 | $14.34 | $14.28 | $16.42 | $14.29 | $11.10 | $10.17 | $10.89 | $9.59 |
| Dividends per share | — | — | $0.01 | $0.16 | $0.25 | $0.50 | $0.50 | $2.90 | $0.00 | $3.08 |
| Capex per share | $1.80 | $2.33 | $1.16 | $1.20 | $1.37 | $0.62 | $0.71 | $1.15 | $1.38 | $1.81 |
| Debt per share | $9.53 | $8.41 | $7.46 | $7.84 | $1.92 | $6.74 | $2.76 | $3.87 | $3.93 | $4.69 |
| Shares outstanding | 30.9M | 31.5M | 33.1M | 33.5M | 33.5M | 33.0M | 33.3M | 36.2M | 36.8M | 36.6M |
| Change in shares outstanding | −1.7% | −4.8% | −1.3% | −0.0% | +1.5% | −0.8% | −8.0% | −1.7% | +0.6% | +0.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 2.7% | 10.3% | 6.1% | 3.7% | 15.1% | 11.2% | 7.8% | 8.1% | 6.9% | 18.1% |
| Return on invested capital (ROIC) | 5.0% | 9.1% | 7.5% | 4.7% | 17.7% | 12.3% | 9.7% | 8.9% | 9.4% | 18.6% |
| Return on assets (ROA) | 1.4% | 5.2% | 3.3% | 2.2% | 9.5% | 6.8% | 4.9% | 5.0% | 4.1% | 10.3% |
| Return on tangible assets | 1.5% | 6.0% | 3.8% | 2.3% | 11.2% | 6.6% | 6.0% | 6.1% | 4.8% | 10.4% |
| Free cash flow margin | 4.1% | 2.5% | 5.5% | −2.1% | 9.3% | 9.9% | 9.8% | 7.4% | −0.1% | 4.6% |
| Income quality (OCF / net income) | 6.39 | 1.69 | 2.96 | 0.61 | 1.53 | 1.85 | 3.17 | 2.83 | 1.42 | 1.42 |
| Financial health | ||||||||||
| Total debt | $294.9M | $264.8M | $246.7M | $262.8M | $64.2M | $222.7M | $92.0M | $139.9M | $144.7M | $171.5M |
| Cash & short-term investments | $160.8M | $134.1M | $149.7M | $153.9M | $190.6M | $268.3M | $52.9M | $39.6M | $103.2M | $177.2M |
| Net debt | $134.1M | $130.6M | $97.0M | $108.9M | −$126.4M | −$45.6M | $39.0M | $100.3M | $41.5M | −$5.7M |
| Debt / equity | 0.41 | 0.43 | 0.38 | 0.39 | 0.10 | 0.38 | 0.19 | 0.29 | 0.26 | 0.37 |
| Debt / assets | 0.21 | 0.21 | 0.20 | 0.21 | 0.07 | 0.22 | 0.12 | 0.17 | 0.16 | 0.20 |
| Net debt / EBITDA | 1.30 | 0.74 | 0.64 | 1.09 | −0.80 | −0.34 | 0.28 | 0.73 | 0.29 | −0.04 |
| Current ratio | 1.92 | 2.01 | 2.12 | 2.39 | 2.66 | 3.12 | 2.39 | 2.53 | 2.69 | 2.52 |
| Quick ratio | 1.30 | 1.34 | 1.48 | 1.63 | 1.91 | 2.53 | 1.63 | 1.88 | 1.98 | 1.98 |
| Interest coverage | 5.7 | 7.0 | 5.3 | 11.2 | 41.7 | 19.6 | 17.7 | 14.7 | 19.9 | 32.6 |
| Working capital | $372.6M | $343.7M | $362.6M | $398.2M | $352.8M | $437.6M | $217.2M | $267.7M | $289.8M | $295.1M |
| Invested capital | $854.4M | $747.6M | $741.8M | $781.2M | $527.4M | $540.7M | $523.1M | $580.0M | $595.4M | $454.7M |
| Tangible asset value | $558.6M | $460.1M | $474.2M | $478.6M | $550.2M | $471.9M | $369.7M | $368.0M | $400.9M | $351.1M |
| Net current asset value | $100.8M | $53.4M | $97.9M | $116.8M | $284.3M | $207.1M | $119.1M | $119.7M | $131.5M | $106.1M |
| Graham number | $17.60 | $30.17 | $23.13 | $18.15 | $34.99 | $26.87 | $19.20 | $18.59 | $18.00 | $24.34 |
| Graham net-net per share | −$4.85 | −$5.23 | −$3.56 | −$2.81 | $4.29 | $2.24 | −$0.08 | −$2.69 | −$0.73 | −$0.69 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $263,000 | $5.5M | $8.3M | $16.6M | $16.6M | $104.9M | $0 | $112.7M |
| Share buybacks (net) | $10.0M | $51.6M | $91.1M | $5.5M | $20.0M | $9.1M | $64.7M | $149.3M | $7.2M | $1.2M |
| Dividend payout ratio | — | — | 0.7% | 22.4% | 8.9% | 27.7% | 44.1% | 250.3% | 0.0% | 147.1% |
| Dividends + buybacks / free cash flow | 16.4% | 142.0% | 113.0% | — | 29.1% | 28.4% | 85.5% | 330.5% | — | 270.6% |
| Capex / revenue | 3.7% | 5.0% | 2.6% | 3.3% | 4.4% | 2.2% | 2.4% | 4.0% | 5.2% | 7.2% |
| Capex / operating cash flow | 47.7% | 66.9% | 32.2% | 268.9% | 32.2% | 18.4% | 20.0% | 35.1% | 101.8% | 61.2% |
| Capex / depreciation | 1.04 | 1.38 | 0.75 | 0.91 | 1.19 | 0.50 | 0.54 | 0.82 | 1.13 | 1.76 |
| Stock-based compensation / revenue | 0.8% | 0.7% | 0.8% | 0.5% | 1.4% | 1.0% | 0.6% | 0.9% | 1.3% | 1.0% |
| R&D / revenue | 7.2% | 8.1% | 8.6% | 7.1% | 7.2% | 7.5% | 9.4% | 9.5% | 9.6% | 8.7% |
| SG&A / revenue | 11.4% | 10.7% | 10.2% | 11.0% | 10.5% | 11.5% | 12.2% | 12.2% | 13.2% | 12.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 74.4 | 73.1 | 71.1 | 73.7 | 78.2 | 85.6 | 67.6 | 63.0 | 65.8 | 62.6 |
| Days of inventory on hand | 76.7 | 72.6 | 69.3 | 74.0 | 69.3 | 68.2 | 61.7 | 57.4 | 61.3 | 55.5 |
| Days payables outstanding | 77.8 | 74.1 | 65.0 | 59.8 | 58.7 | 56.3 | 47.0 | 44.8 | 47.1 | 47.4 |
| Cash conversion cycle (days) | 73.3 | 71.5 | 75.3 | 88.0 | 88.8 | 97.4 | 82.3 | 75.6 | 79.9 | 70.7 |
| Receivables turnover | 4.91 | 4.99 | 5.14 | 4.95 | 4.67 | 4.27 | 5.40 | 5.79 | 5.55 | 5.83 |
| Payables turnover | 4.69 | 4.92 | 5.61 | 6.11 | 6.22 | 6.48 | 7.76 | 8.14 | 7.75 | 7.70 |
| Inventory turnover | 4.76 | 5.03 | 5.27 | 4.93 | 5.27 | 5.36 | 5.92 | 6.36 | 5.96 | 6.58 |
| Asset turnover | 1.13 | 1.17 | 1.19 | 1.11 | 1.07 | 1.04 | 1.26 | 1.23 | 1.14 | 1.23 |
| Average receivables | $304.7M | $291.6M | $286.0M | $243.2M | $224.0M | $214.1M | $180.0M | $179.2M | $177.6M | $157.3M |
| Average payables | $243.7M | $221.3M | $199.0M | $152.5M | $119.4M | $99.5M | $88.1M | $91.4M | $87.1M | $80.8M |
| Average inventory | $240.0M | $216.6M | $212.1M | $188.9M | $140.9M | $120.4M | $115.5M | $117.0M | $113.2M | $94.6M |
| Intangibles / total assets | 11.6% | 12.6% | 13.8% | 15.6% | 11.1% | 11.2% | 15.5% | 13.9% | 17.3% | 13.0% |
Computed from THRM's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
THRM valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Gentherm traded at 61.5 times earnings, against a 10-year median of 35.3. Based on the latest twelve months, the trailing P/E is 33.8 and the forward P/E is 11.1. Gentherm earned a return on equity of 2.7% and a return on invested capital of 5.0% in fiscal 2025. It ended the year with $294.9 million of debt and $160.8 million in cash and short-term investments, net debt of $134.1 million. It returned $10.0 million to shareholders: $0 in dividends and $10.0 million in share buybacks, 16% of free cash flow. The share count fell 15.5% from 36.6M to 30.9M over 9 years.
See the THRM income statement, the THRM chart for price history, or the THRM stock overview for the latest quote and news.
THRM key metrics FAQ
What is Gentherm's P/E ratio?
Gentherm's trailing P/E ratio is 33.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 11.1. At the end of fiscal 2025 it was 61.5, compared with a 10-year median of 35.3.
What is Gentherm's EV/EBITDA?
Gentherm's enterprise value was 12.2 times EBITDA at the end of fiscal 2025 (enterprise value $1.3 billion, EBITDA $103.0 million); the current EV/EBITDA is 10.5.
What is Gentherm's return on equity?
Gentherm's return on equity (ROE) was 2.7% in fiscal 2025: net income of $18.3 million on average shareholders' equity of $668.6 million.
What is Gentherm's ROIC?
Gentherm's return on invested capital was 5.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Gentherm have?
Gentherm had total debt of $294.9 million at the end of fiscal 2025, a debt-to-equity ratio of 0.41 and $134.1 million of net debt (1.30 times EBITDA).
Does Gentherm buy back its shares?
Yes. Gentherm spent $10.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.7% over the year, to 30.9M..
What is Gentherm's free cash flow yield?
Gentherm generated $61.1 million of free cash flow in fiscal 2025, a free cash flow yield of 5.4% on its market value at year-end ($1.1 billion).
What is Gentherm's current ratio?
Gentherm's current ratio was 1.92 at the end of fiscal 2025: current assets were 1.92 times current liabilities.