American Homes 4 Rent (AMH) is a publicly traded company in the Real Estate — REIT - Residential industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
American Homes 4 Rent (AMH, listed on the NYSE) holds a leading position in the single-family rental housing market. This company is rapidly establishing itself as a nationally recognized brand, highly regarded for providing rental homes that offer superior quality, excellent value, and ensure high tenant satisfaction.
Is American Homes 4 Rent stock overvalued or undervalued in 2026?
American Homes 4 Rent (AMH) trades at 24.8× earnings (P/E). At its 10-year average P/FFO (17.1×) $44 (+42 %).
Kaplio overview: American Homes 4 Rent
Market cap $11B · 52 weeks $27 – $35 (10 % below the high) · P/E 24.8× · 2027 expected P/E 39.1× · Dividend 4.0 % · 5 years rising · Next earnings November 4, 2026 · expected EPS $0.18 · Closing price, Oct 28 · accounts published Jul 30.
- Valuation: P/FFO 12.1× (expensive).
- Business: FFO/dividend 2.1× (solid).
- Balance sheet: Net debt/EBITDA 4.2× (solid).
- Earnings: 8 of 8 (no verdict).
What would it be worth at its usual multiples?
At its 10-year average P/FFO (17.1×) $44 (+42 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in REITs: 4 of 5 pass
- P/FFO 12.1×, fails.
- Dividend coverage (FFO/div) 2.1×, passes.
- Debt / Assets 38.7 %, passes.
- Net debt / EBITDA 4.2×, passes.
- FFO Payout (proxy) 53.2 %, passes.
- FFO / Share $2.58, info.
Against its peers (reference peers) — American Homes 4 Rent: P/B 1.7×; Div. yield 4.0 %; EV/EBITDA 13.8×; $11.2B. UDR, Inc. (P/B 3.8×; Div. yield 4.2 %; EV/EBITDA 13.0×; $11.2B), Sun Communities, Inc. (P/B 2.5×; Div. yield 4.0 %; EV/EBITDA 11.6×; $13.4B), Mid-America Apartment Communities, Inc. (P/B 2.6×; Div. yield 5.2 %; EV/EBITDA 10.7×; $13.5B).
Expensive or cheap against its last ten fiscal years?
Precio / FFO (aprox.) at each close: today 12.1× · median 17.0× · minimum 12.1× · maximum 23.8× · cheap below 15.6× · expensive above 18.0×. It has been cheaper than today only 0% of the time over its last ten fiscal years.
Dividend
solid · Yield 4.0 % ($1.24 per share in 2025) · Years raising it 5 · 5-year growth +27 % a year · Free cash flow coverage FFO payout 53 % · With $1,000 invested today you'd collect $40.20 a year ($3.35 a month).
Profitability
| Return on Equity | 6.85% |
| Return on Invested Capital | 3.74% |
| Return on Assets | 3.65% |
| Gross Margin | 30.60% |
| Operating Margin | 25.30% |
| Net Margin | 25.46% |
Financial Health
| Debt / Equity | 0.76 |
| Current Ratio | 1.61 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 1.53 |
Price Performance
| 1 month | +1.69% |
| 3 months | -6.64% |
| Year-to-date | -2.80% |
| 1 year | -2.10% |
| 3 years | -3.11% |
| 5 years | -23.15% |
| 10 years | +47.80% |
Dividend History
Paid in the last 12 months: $1.2900 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-15 | $0.3300 |
| 2026-06-15 | $0.3300 |
| 2026-03-13 | $0.3300 |
| 2025-12-15 | $0.3000 |
| 2025-09-15 | $0.3000 |
| 2025-06-13 | $0.3000 |
| 2025-03-14 | $0.3000 |
| 2024-12-13 | $0.2600 |
| 2024-09-13 | $0.2600 |
| 2024-06-14 | $0.2600 |
Amounts adjusted for stock splits.
Related companies: ESS · SUI · INVH · MAA · UDR · IRT · VMRK
Explore sector: Real Estate · REIT - Residential
More sections of AMH: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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