The PE ratio for Meritage Homes stock stands at 9.22 as of Jul 26, 2024. This takes into account the latest EPS of $21.71 and stock price of $200.1. An increase of 29% has been observed in the PE ratio compared to its average of 7.1 of the last four quarters.
Over the last ten years, the average PE ratio of Meritage Homes has been 8.6. The current 9.22 P/E ratio is 7% higher than the historical average. Looking back at the last ten years, MTH's PE ratio peaked in the Jun 2015 quarter at 14.53, with a price of $47.09 and an EPS of $3.24. The Sep 2022 quarter marked the lowest point at 2.68, with a price of $70.27 and an EPS of $26.22.
Maximum annual increase: 153.37% in 2023
Maximum annual decrease: -54.94% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 8.64 | 153.37% |
| 2022 | 3.41 | -45.18% |
| 2021 | 6.22 | -15.6% |
| 2020 | 7.37 | -21.01% |
| 2019 | 9.33 | 43.98% |
| 2018 | 6.48 | -54.94% |
| 2017 | 14.38 | 54.62% |
| 2016 | 9.3 | -11.09% |
| 2015 | 10.46 | 6.09% |
| 2014 | 9.86 | -29.12% |
The current PE ratio of MTH is higher than its 3, 5 and 10-year averages.
In comparison to its peers DHI and NVR, MTH's PE ratio is lower, but it is higher than HOV's and BZH's. Meritage Homes is currently trading at a lower PE ratio (9.22) than its peers average of 10.73.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BZH Beazer Homes Usa Inc | 6.43 | $1.07B |
| HOV Hovnanian Enterprises Inc | 6.76 | $1.29B |
| MTH Meritage Homes CORP | 9.22 | $7.27B |
| MHO M/I Homes Inc | 9.23 | $4.59B |
| KBH Kb Home | 10.75 | $6.3B |
| DHI Horton D R Inc | 11.82 | $57.69B |
| LGIH LGI Homes Inc | 13.25 | $2.52B |
| NVR Nvr Inc | 16.9 | $26.94B |
As of Jul 26, 2024, MTH stock has a price to earnings ratio of 9.22.
Over the last 3 years, the average price to earnings ratio for MTH stock is 5.24.
Over the last 5 years, the average price to earnings ratio for MTH stock is 6.56.
Over the last ten years, the quarterly PE ratio reached its highest level at 14.53 in the Jun 2015 quarter.
MTH's price to earnings ratio is currently 7% above its 10-year historical average.
MTH's PE ratio of 9.22 is considered low because the company's stock price is trading at a lower multiple of earnings.
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 (Jul 26, 2024), Meritage Homes's share price is $200.1. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $21.71. Therefore, Meritage Homes's PE ratio for today is 9.22. PE RATIO(9.22) = STOCK PRICE($200.1) / TTM EPS($21.71)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.