LCI Industries (LCII) is undervalued and Thor Industries Inc (THO) is slightly overvalued.
Against our estimates of intrinsic value, LCII trades at the wider discount: a margin of safety of +35%, against -13% for THO.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.8% (average of 3 methods) values the shares at $134.53; the price of $87.92 is 35% below that value, and 77% of that value comes from beyond year five.
Leak Score 68/100 on 3 of 12 signals
Discounting its cash flows at 10.2% (average of 2 methods) values the shares at $65.34; the price of $73.80 is 13% above that value, and 72% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
| Metric | LCII | THO |
|---|---|---|
| Verdict | Undervalued | Slightly overvalued |
| Price | $87.92 | $73.80 |
| Intrinsic value | $134.53 | $65.34 |
| Margin of safety | +35% | -13% |
| Leak Score | 68/100 (3/12) | 27/100 (3/12) |
| Market cap | $2.1B | $3.8B |
| Revenue growth, 5 years | 8.1% | 3.2% |
| Operating margin | 7.5% | 2.5% |
| Net margin | 5.2% | 2.7% |
| Return on equity | 15.0% | 6.2% |
| Debt to equity | 0.80 | 0.23 |
| P/E | 10.2x | 14.9x |
| Forward P/E | 9.2x | 15.0x |
| P/B | 1.5x | 0.9x |
| Dividend yield | 5.2% | 2.9% |