MTH Meritage Homes PE ratio, current and historical analysis
The PE ratio for Meritage Homes stock stands at 7.95 as of Nov 21, 2024. This takes into account the latest EPS of $22.36 and stock price of $177.68. A decrease of 3.4% has been observed in the PE ratio compared to its average of 8.2 of the last four quarters.
MTH PE ratio history
Over the last ten years, the average PE ratio of Meritage Homes has been 8.55. The current 7.95 P/E ratio is 7% 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.
Meritage Homes PE ratio by year
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% |
MTH average PE ratio chart
The current PE ratio of MTH is higher than its 3 and 5-year averages, but it is lower than its 10-year average.
MTH PE vs peers
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 (7.95) than its peers average of 10.1.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HOV Hovnanian Enterprises Inc | 5.06 | $1.06B |
| BZH Beazer Homes Usa Inc | 7.2 | $1.03B |
| MTH Meritage Homes CORP | 7.95 | $6.43B |
| MHO M/I Homes Inc | 8.12 | $4.25B |
| KBH Kb Home | 9.69 | $5.7B |
| DHI Horton D R Inc | 11.21 | $51.98B |
| LGIH LGI Homes Inc | 12.22 | $2.42B |
| NVR Nvr Inc | 17.2 | $27.41B |
Frequently asked questions
What is Meritage Homes's PE ratio?
As of Nov 21, 2024, MTH stock has a price to earnings ratio of 7.95.
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 5.69.
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 6.43.
What is the highest PE ratio for MTH?
Over the last ten years, the quarterly PE ratio reached its highest level at 14.53 in the Jun 2015 quarter.
How does the current PE ratio for MTH compare to its historical average?
MTH's price to earnings ratio is currently 7% below its 10-year historical average.
Why is Meritage Homes's PE ratio so low?
MTH's PE ratio of 7.95 is considered low because the company's stock price is trading at a lower multiple of earnings.
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 (Nov 21, 2024), Meritage Homes's share price is $177.68. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $22.36. Therefore, Meritage Homes's PE ratio for today is 7.95. PE RATIO(7.95) = STOCK PRICE($177.68) / TTM EPS($22.36)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.