Stocktoria

Meritage Homes CORP MTH

NYSE · stock · Operative Builders · website · IPO 1988-07-21 · LEI

Meritage Homes CORP statistics & valuation

P / E12.5×
P / B1.1×
P / FCF61.4×
Graham number +39.9%$102.00

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 ($102.00); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
10.50% 9.10% 13.20% 12.60% 18.00% 24.20% 25.10% 16.00% 15.30% 8.70% 2016201720182019202020212022202320242025
Shares outstanding
85.2M 84.5M 81.5M 77.8M 77.0M 76.5M 74.2M 74.1M 73.3M 71.3M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
5.20% 4.40% 6.80% 7.30% 11.00% 15.30% 17.20% 11.60% 11.00% 5.90% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$1.77 $1.71 $2.79 $3.21 $5.50 $9.64 $13.37 $9.96 $10.72 $6.35 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

Meritage Homes CORP trades at about 11.5× earnings — above its 10-year norm (10-year range 4×–13.9×, median 8.3×).

13.9×

Shaded band = 10-year range (4×–13.9×); dot = today's 11.5×.

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
Return on assets5.9%11.0%11.6%17.2%15.3%11.0%7.3%6.8%4.4%5.2%
Return on equity8.7%15.3%16.0%25.1%24.2%18.0%12.6%13.2%9.1%10.5%

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