M/I Homes, Inc. (MHO) is a publicly traded company in the Consumer Cyclical — Residential Construction industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
M/I Homes, Inc. (MHO), along with its affiliated companies, constructs single-family residences across a broad geographical area, including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. Its operations are divided into three primary segments: Northern Homebuilding, Southern Homebuilding, and Financial Services.
Is M/I Homes, Inc. stock overvalued or undervalued in 2026?
M/I Homes, Inc. (MHO) trades at 11.7× earnings (P/E), against a median of 17.9× across the 209 consumer cyclicals companies above $2bn in Kaplio's universe. No valuation verdict: it is a cyclical and today's P/E (11.7) does not tell whether it is cheap.
Kaplio overview: M/I Homes, Inc.
Market cap $3B · 52 weeks $114 – $163 (24 % below the high) · P/E 11.7× · 2027 expected P/E 11.0× · Dividend none · Next earnings January 27, 2027 · expected EPS $2.62 · Closing price, Oct 28 · accounts published Oct 21.
- Valuation: P/E 11.7× (no verdict).
- Business: 5-year ROIC 12.3 % (passes, near the threshold).
- Balance sheet: Net debt/EBITDA 0.7× (solid).
- Earnings: 2 of 8 (disappointing).
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (11.7) does not tell whether it is cheap.
In cyclicals the P/E misleads; on its average earnings over 10 years it trades at 11.7 times.
What matters in consumer cyclicals: 5 of 7 pass
- Inventory turnover 1.0×, fails.
- EV/Sales vs history 0.9×, fails.
- 5y avg operating margin 14.2 %, passes.
- 5y avg ROIC 12.3 %, passes, near the threshold.
- Net debt / EBITDA 0.7×, passes.
- Current Ratio 5.42, passes.
- Altman Z-Score 4.6, passes.
- P/E read in reverse (cyclicals) 11.7×, info.
Against its peers (reference peers) — M/I Homes, Inc.: P/E 11.8×; EV/EBITDA 8.2×; ROIC 6.2 %; $3.1B. KB Home (P/E 13.0×; EV/EBITDA 14.8×; ROIC 3.5 %; $2.8B), Green Brick Partners, Inc. (P/E 9.5×; EV/EBITDA 7.2×; ROIC 13.6 %; $2.7B), Tri Pointe Homes, Inc. (P/E 35.0×; EV/EBITDA 17.7×; ROIC -15.0 %; $4.0B).
Expensive or cheap against its last ten years?
P/E at each close: today 11.8× · median 7.8× · minimum 2.6× · maximum 16.1× · cheap below 6.8× · expensive above 11.2×. It has been cheaper than today 85% of the time over its last ten years.
Profitability
| Return on Equity | 8.64% |
| Return on Invested Capital | 6.21% |
| Return on Assets | 5.71% |
| Gross Margin | 20.68% |
| Operating Margin | 8.21% |
| Net Margin | 6.59% |
Financial Health
| Debt / Equity | 0.30 |
| Current Ratio | 5.42 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 4.56 |
Price Performance
| 1 month | -8.98% |
| 3 months | -15.42% |
| Year-to-date | -3.40% |
| 1 year | -1.16% |
| 3 years | +51.81% |
| 5 years | +115.86% |
| 10 years | +474.62% |
Dividend History
| Date | Amount |
|---|---|
| 2008-06-27 | $0.0250 |
| 2008-03-28 | $0.0250 |
| 2007-12-28 | $0.0250 |
| 2007-09-27 | $0.0250 |
| 2007-06-28 | $0.0250 |
| 2007-03-29 | $0.0250 |
| 2006-12-28 | $0.0250 |
| 2006-09-28 | $0.0250 |
| 2006-06-29 | $0.0250 |
| 2006-03-30 | $0.0250 |
Amounts adjusted for stock splits.
Related companies: CVCO · ASO · ANF · MTH · SKY · KBH · GRBK
Explore sector: Consumer Cyclical · Residential Construction
More sections of MHO: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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