Thermon Group Holdings: Valuation Reassessments Amid Strong Earnings Beat and Growth Optimism

Thermon Group Holdings (THR) reported a strong Q2 with adjusted EPS of $0.55, beating expectations and pushing the stock to a new all-time high. The stock has a 30-day return of 33.02% and a 90-day gain of 53.05%, with a three-year total shareholder return of 100.92%. However, with shares trading above the average analyst target, investors must consider if the market has already priced in the next leg of growth. The stock is currently valued at $39.12, with a narrative fair value of $37, indicating modest downside potential.