Stocktoria

M/I HOMES, INC. MHO

NYSE · stock · Operative Builders · website · IPO 1993-11-03 · LEI

M/I HOMES, INC. statistics & valuation

Market cap$4.2B
P / E10.4×
P / S0.9×
P / B1.3×
P / FCF32.7×
Net margin9.1%
Return on equity12.7%
FCF margin2.9%
Graham number +29.7%$195.99

Market cap as of 2026-06-29. 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 ($195.99); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
3.30% 3.70% 4.70% 5.10% 7.90% 10.60% 11.90% 11.50% 12.50% 9.10% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
6.40% 7.10% 7.10% 7.50% 10.50% 13.80% 15.40% 14.60% 15.70% 11.50% 2016201720182019202020212022202320242025
Return on equity (%)
8.70% 9.60% 12.60% 12.70% 19.10% 24.40% 23.70% 18.50% 19.20% 12.70% 2016201720182019202020212022202320242025
Shares outstanding
30.1M 30.7M 29.2M 28.5M 29.2M 29.9M 28.5M 28.7M 28.6M 27.3M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
3.70% 3.90% 5.30% 6.10% 9.10% 12.20% 13.20% 11.60% 12.40% 8.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
1.20% -3.20% -0.50% 2.40% 5.10% -1.10% 4.20% 13.50% 3.80% 2.90% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$1.84 $2.26 $3.70 $4.48 $8.23 $13.28 $17.24 $16.21 $19.71 $14.74 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

M/I HOMES, INC. trades at about 10.2× earnings — above its 10-year norm (10-year range 3.5×–14.3×, median 7.9×).

3.5× 14.3×

Shaded band = 10-year range (3.5×–14.3×); dot = today's 10.2×.

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
Operating margin11.5%15.7%14.6%15.4%13.8%10.5%7.5%7.1%7.1%6.4%
Net margin9.1%12.5%11.5%11.9%10.6%7.9%5.1%4.7%3.7%3.3%
FCF margin2.9%3.8%13.5%4.2%-1.1%5.1%2.4%-0.5%-3.2%1.2%
Return on assets8.4%12.4%11.6%13.2%12.2%9.1%6.1%5.3%3.9%3.7%
Return on equity12.7%19.2%18.5%23.7%24.4%19.1%12.7%12.6%9.6%8.7%

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