# Meritage Homes Corporation (MTH) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Construction & Engineering. Price $67.33, market value $4.4 billion.

## Valuation
- **P/E (trailing): 14.0×** (5-yr avg 6.9×, 3-yr avg 8.5×). Meritage Homes Corporation trades at 14.0× trailing earnings, well above its own five-year average of 6.9×: investors are paying up relative to the company's past. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 11.0×, lower than trailing, so analysts expect earnings to grow.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 9.5%** (5-yr avg 2.0%). Free cash flow equals 9.5% of the market value, above its five-year average of 2.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 7.1%**. The inverse of the P/E: 7.1% of the price is earned each year.

## Profitability
- **Return on equity: 8.7%**. 8.7% on shareholders' equity is weak; the business earns little on the capital its owners have in it.

## Growth
- **EPS growth (1 yr): -40.8%** (3-yr -22.0%/yr, 5-yr 2.9%/yr). Earnings per share fell 40.8%.
- **Free-cash-flow growth (3 yr): -37.5%/yr**. Free cash flow has compounded at -37.5% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.17**. Debt is 0.17 times equity: a conservative balance sheet.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.85%** ($1.82 per share, trailing). Meritage Homes Corporation yields 2.85%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 27%** (30% of free cash flow). 27% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 3**. 3 straight years of increases.

## Analyst view
- **Analyst consensus: buy** (8 analysts). 8 analysts cover Meritage Homes Corporation; the consensus is buy, with an average price target of $82.38 (+22% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -15.2%** (YTD 3.8%, 3-mo -0.8%). The shares are down 15.2% over twelve months including dividends.
- **From 52-week high: -21.1%** (16.0% above the low). Trading 21% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 38**. An RSI of 38 is neutral.
- **Beta (1 yr): 1.09** (volatility 38%). Beta of 1.09 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MTH · Page: https://foliofundamentals.com/stocks/mth

Not investment advice.