MTH
Meritage Homes
PE ratio, current and historical analysis
- Stocks
- Consumer Cyclical
- NYSE: MTH
- PE Ratio
The PE ratio for Meritage Homes stock stands at 14.53 as of Aug 1, 2026. This takes into account the latest EPS of $4.83 and stock price of $70.2. An increase of 20% has been observed in the PE ratio compared to its average of 12.1 of the last four quarters.
MTH PE ratio history
Over the last ten years, the average PE ratio of Meritage Homes has been 8.26. The current 14.53 P/E ratio is 76% higher than the historical average. Looking back at the last ten years, MTH's PE ratio peaked in the Jun 2026 quarter at 17.36, with a price of $83.85 and an EPS of $4.83. The Sep 2022 quarter marked the lowest point at 2.67, with a price of $35.14 and an EPS of $13.14.
Meritage Homes PE ratio by year
Maximum annual increase: 153.08% in 2023
Maximum annual decrease: -54.87% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 10.28 | 44.99% | $65.8 | $6.4 |
| 2024 | 7.09 | -17.84% | $76.91 | $10.85 |
| 2023 | 8.63 | 153.08% | $87.1 | $10.09 |
| 2022 | 3.41 | -45.26% | $46.1 | $13.52 |
| 2021 | 6.23 | -15.7% | $61.03 | $9.8 |
| 2020 | 7.39 | -20.88% | $41.41 | $5.6 |
| 2019 | 9.34 | 43.91% | $30.56 | $3.27 |
| 2018 | 6.49 | -54.87% | $18.36 | $2.83 |
| 2017 | 14.38 | 54.62% | $25.6 | $1.78 |
| 2016 | 9.3 | -11.34% | $17.4 | $1.87 |
| 2015 | 10.49 | 6.07% | $17 | $1.62 |
| 2014 | 9.89 | -28.7% | $18 | $1.82 |
| 2013 | 13.87 | 14.34% | $24 | $1.73 |
| 2012 | 12.13 | N/A | $18.68 | $1.54 |
| 2011 | N/A | N/A | $11.6 | -$0.33 |
Meritage Homes PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 17.36 | 54.72% | $83.85 | $4.83 |
| Mar 2026 | 11.22 | 9.14% | $61.84 | $5.51 |
| Dec 2025 | 10.28 | 7.42% | $65.8 | $6.4 |
| Sep 2025 | 9.57 | 26.75% | $72.43 | $7.57 |
| Jun 2025 | 7.55 | 6.49% | $66.97 | $8.87 |
| Mar 2025 | 7.09 | 0% | $70.88 | $10 |
| Dec 2024 | 7.09 | -22.93% | $76.91 | $10.85 |
| Sep 2024 | 9.2 | 30.31% | $102.54 | $11.14 |
| Jun 2024 | 7.06 | -12.95% | $80.93 | $11.47 |
| Mar 2024 | 8.11 | -6.03% | $87.73 | $10.82 |
| Dec 2023 | 8.63 | 54.94% | $87.1 | $10.09 |
| Sep 2023 | 5.57 | -9.58% | $61.2 | $10.98 |
| Jun 2023 | 6.16 | 31.06% | $71.14 | $11.54 |
| Mar 2023 | 4.7 | 37.83% | $58.38 | $12.41 |
| Dec 2022 | 3.41 | 27.72% | $46.1 | $13.52 |
MTH Price vs fair value
MTH average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of MTH is higher than its 3, 5 and 10-year averages.
PE comparison
Meritage Homes's price to earnings (P/E) of 14.53 is lower than the Consumer Cyclical sector, the industry and its peers average. In comparison with the Consumer Cyclical sector average of 20.94, Meritage Homes's price to earnings (P/E) is 31% lower.
MTH PE vs peers
In comparison to its peers LGIH and HOV, MTH's PE ratio is lower, but it is higher than DHI's and NVR's. Meritage Homes is currently trading at a lower PE ratio (14.53) than its peers average of 17.11.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MHO M/I Homes Inc | 12.01 | $3.69B |
| KBH KB Home | 13.09 | $3.37B |
| DHI D.R. Horton Inc | 13.57 | $40.01B |
| NVR NVR Inc | 14.19 | $16.59B |
| MTH Meritage Homes Corp | 14.53 | $4.58B |
| LGIH LGI Homes Inc | 17.89 | $1.27B |
| HOV Hovnanian Enterprises Inc - Class A | 31.93 | $726M |
| BZH Beazer Homes USA Inc | N/A | $877.42M |
Frequently asked questions
What is Meritage Homes's PE ratio?
As of Aug 1, 2026, MTH stock has a price to earnings ratio of 14.53.
What is the 3-year average PE ratio for Meritage Homes (MTH)?
Over the last 3 years, the average price to earnings ratio for MTH stock is 9.06.
What is the 5-year average PE ratio for Meritage Homes (MTH)?
Over the last 5 years, the average price to earnings ratio for MTH stock is 7.2.
What is the highest PE ratio for MTH?
Over the last ten years, the quarterly PE ratio reached its highest level at 17.36 in the Jun 2026 quarter.
How does the current PE ratio for MTH compare to its historical average?
MTH's price to earnings ratio is currently 76% above its 10-year historical average.
How is MTH's PE ratio calculated (Meritage Homes PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Aug 1, 2026), Meritage Homes's share price is $70.2. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $4.83. Therefore, Meritage Homes's PE ratio for today is 14.53. PE RATIO(14.53) = STOCK PRICE($70.2) / TTM EPS($4.83)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.