The PE ratio for Meritage Homes stock stands at 7.81 as of Apr 26, 2024. This takes into account the latest EPS of $21.71 and stock price of $169.48. An increase of 10% 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 8.66. The current 7.81 P/E ratio is 10% lower 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 and 5-year averages, but it is lower than its 10-year average.
In comparison to its peers DHI and NVR, MTH's PE ratio is lower, but it is higher than MHO's and HOV's. Meritage Homes is currently trading at a lower PE ratio (7.81) than its peers average of 8.95.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HOV Hovnanian Enterprises Inc | 5.09 | $914.41M |
| BZH Beazer Homes Usa Inc | 5.55 | $897.45M |
| MHO M/I Homes Inc | 6.69 | $3.33B |
| MTH Meritage Homes CORP | 7.81 | $6.16B |
| KBH Kb Home | 8.65 | $4.98B |
| DHI Horton D R Inc | 9.83 | $47.86B |
| LGIH LGI Homes Inc | 11.3 | $2.26B |
| NVR Nvr Inc | 15.56 | $24.36B |
As of Apr 26, 2024, MTH stock has a price to earnings ratio of 7.81.
Over the last 3 years, the average price to earnings ratio for MTH stock is 5.33.
Over the last 5 years, the average price to earnings ratio for MTH stock is 6.72.
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 10% below its 10-year historical average.
MTH's PE ratio of 7.81 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 (Apr 26, 2024), Meritage Homes's share price is $169.48. 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 7.81. PE RATIO(7.81) = STOCK PRICE($169.48) / TTM EPS($21.71)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.