Stocktoria

American Homes 4 Rent AMH

NYSE · reit · Real Estate Investment Trusts · website · IPO 2013-08-01 · LEI

American Homes 4 Rent statistics & valuation

Market cap$12.2B
P / B1.6×
Dividend yield3.65%
Net debt$5.0B
Enterprise value USD$17.2B
Graham number -23.3%$23.49

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($23.49); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
2016201720182019202020212022202320242025
Shares outstanding
234.0M 264.3M 294.3M 299.9M 307.1M 325.5M 349.8M 362.5M 368.0M 370.9M 2016201720182019202020212022202320242025
Net debt ($)
$2.80B $2.43B $2.77B $2.80B $2.68B $3.83B $4.45B $4.40B $4.81B $4.99B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.59× 0.42× 0.47× 0.47× 0.44× 0.58× 0.63× 0.58× 0.64× 0.66× 2016201720182019202020212022202320242025
EPS ($)
-$0.14 -$0.08 $0.08 $0.29 $0.28 $0.41 $0.71 $1.01 $1.08 $1.18 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

American Homes 4 Rent trades at about 26× earnings — below its 10-year norm (10-year range 26.5×–276.4×, median 94.2×).

26× 276.4×

Shaded band = 10-year range (26.5×–276.4×); dot = today's 26×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Debt / equity0.66×0.64×0.58×0.63×0.58×0.44×0.47×0.47×0.42×0.59×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.