Meritage Homes Corporation (MTH) 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.
Meritage Homes Corporation, alongside its associated companies, focuses on the design and construction of single-family residences throughout the United States. The enterprise operates primarily through two distinct divisions: home construction and financial services. Its core business involves acquiring and developing land, followed by the building, marketing, and selling of homes, predominantly targeting first-time buyers and those seeking their initial upgrade.
Is Meritage Homes Corporation stock overvalued or undervalued in 2026?
Meritage Homes Corporation (MTH) trades at 13.0× 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 (13.0) does not tell whether it is cheap.
Kaplio overview: Meritage Homes Corporation
Market cap $4B · 52 weeks $58 – $85 (27 % below the high) · P/E 13.0× · 2027 expected P/E 11.3× · Dividend 2.9 % · Next earnings February 3, 2027 · expected EPS $1.49 · Closing price, Oct 28 · accounts published Oct 28.
- Valuation: P/E 13.0× (no verdict).
- Business: 5-year ROIC 13.3 % (solid).
- Balance sheet: Net debt/EBITDA 1.8× (solid).
- Earnings: 4 of 8 (uneven).
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (13.0) does not tell whether it is cheap.
In cyclicals the P/E misleads; on its average earnings over 10 years it trades at 9.4 times.
What matters in consumer cyclicals: 5 of 7 pass
- Inventory turnover 0.8×, fails.
- EV/Sales vs history 1.0×, fails.
- 5y avg operating margin 15.6 %, passes.
- 5y avg ROIC 13.3 %, passes.
- Net debt / EBITDA 1.8×, passes.
- Current Ratio 11.04, passes.
- Altman Z-Score 4.1, passes.
- P/E read in reverse (cyclicals) 13.0×, info.
Against its peers (reference peers) — Meritage Homes Corporation: P/E 13.0×; EV/EBITDA 10.3×; ROIC 5.1 %; $4.0B. Tri Pointe Homes, Inc. (P/E 35.0×; EV/EBITDA 17.7×; ROIC -15.0 %; $4.0B), Cavco Industries, Inc. (P/E 23.2×; EV/EBITDA 15.3×; ROIC 14.5 %; $4.1B), Champion Homes, Inc. (P/E 23.1×; EV/EBITDA 11.7×; ROIC 10.2 %; $4.3B).
Expensive or cheap against its last ten years?
P/E at each close: today 13.0× · median 9.6× · minimum 3.4× · maximum 17.8× · cheap below 7.2× · expensive above 12.6×. It has been cheaper than today 86% of the time over its last ten years.
Dividend
tight · Yield 2.9 % ($1.71 per share in 2025) · Years raising it ≥ 2 · paying since 2023 · Free cash flow coverage 0.6× · With $1,000 invested today you'd collect $29.20 a year ($2.43 a month).
Profitability
| Return on Equity | 6.38% |
| Return on Invested Capital | 5.12% |
| Return on Assets | 4.36% |
| Gross Margin | 18.91% |
| Operating Margin | 8.36% |
| Net Margin | 6.04% |
Financial Health
| Debt / Equity | 0.37 |
| Current Ratio | 11.04 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 4.13 |
Price Performance
| 1 month | -2.94% |
| 3 months | -11.65% |
| Year-to-date | -5.74% |
| 1 year | -7.54% |
| 3 years | +10.75% |
| 5 years | +14.09% |
| 10 years | +300.65% |
Dividend History
Paid in the last 12 months: $1.8700 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-15 | $0.4800 |
| 2026-06-16 | $0.4800 |
| 2026-03-17 | $0.4800 |
| 2025-12-17 | $0.4300 |
| 2025-09-16 | $0.4300 |
| 2025-06-16 | $0.4300 |
| 2025-03-17 | $0.4300 |
| 2024-12-17 | $0.3750 |
| 2024-09-16 | $0.3750 |
| 2024-06-14 | $0.3750 |
Amounts adjusted for stock splits.
Related companies: CVCO · EAT · SKY · ABG · MHO · KBH
Explore sector: Consumer Cyclical · Residential Construction
More sections of MTH: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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