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MTH Meritage Homes PE ratio, current and historical analysis

The PE ratio for Meritage Homes stock stands at 7.5 as of Jun 20, 2024. This takes into account the latest EPS of $21.71 and stock price of $162.87. An increase of 5% has been observed in the PE ratio compared to its average of 7.1 of the last four quarters.

MTH PE ratio history

How has MTH's PE ratio performed in the past

Over the last ten years, the average PE ratio of Meritage Homes has been 8.66. The current 7.5 P/E ratio is 13% 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.

Average
8.66
Median
9.24
Minimum
2.68
Maximum
14.53

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

What is the average PE ratio of MTH for the past years

The current PE ratio of MTH is higher than its 3 and 5-year averages, but it is lower than its 10-year average.

3-year avg
5.33
5-year avg
6.72
10-year avg
8.66
15-year avg
11.11

MTH PE vs peers

What is MTH's PE ratio compared to its peers

In comparison to its peers DHI and NVR, MTH's PE ratio is lower, but it is higher than MHO's and BZH's. Meritage Homes is currently trading at a lower PE ratio (7.5) than its peers average of 8.75.

Stock name PE ratio Market cap
HOV Hovnanian Enterprises Inc 4.44 $850.7M
BZH Beazer Homes Usa Inc 5.23 $867.87M
MHO M/I Homes Inc 6.65 $3.31B
MTH Meritage Homes CORP 7.5 $5.92B
KBH Kb Home 9.23 $5.31B
DHI Horton D R Inc 9.55 $46.48B
LGIH LGI Homes Inc 11.35 $2.16B
NVR Nvr Inc 14.77 $23.54B

Frequently asked questions

What is Meritage Homes's PE ratio?

As of Jun 20, 2024, MTH stock has a price to earnings ratio of 7.5.

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 5.33.

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 6.72.

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 13% below its 10-year historical average.

Why is Meritage Homes's PE ratio so low?

MTH's PE ratio of 7.5 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 (Jun 20, 2024), Meritage Homes's share price is $162.87. 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 7.5. PE RATIO(7.5) = STOCK PRICE($162.87) / TTM EPS($21.71)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.