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Meritage Homes

NYQ:MTH · US59001A1025
Household DurablesMedium

360

24
EV / EBIT35
Price / Owner Earnings42
Owner Earnings Yield47
Dividend Yield93
Price/Sales53
EV / Gross Profit22
Price/Book72
Return on Capital21
Cash Return on Capital34
Return on Equity31
EBIT Margin47
Gross Profitability29
Cash Conversion37
Accruals46
Owner Earnings Margin51
Sales growth24
Profit Growth77
Long-Term EPS Growth53
Owner Earnings Growth15
Reinvestment33
Price momentum49
Debt load53
Refinancing89
Debt Payback31
Liquidity57
Analyst ratings53
Opinion Changes50
Price Target Upside20
Market mood83
Value Creation6/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Meritage Homes doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryUSA
IndustryHousehold Durables
SizeMedium
TypePublic Company
ExchangeNYSE
Founded1988
Employees1,655
Websitemeritagehomes.com
ISINUS59001A1025
Last UpdateApr 2, 2026
Index & Theme
Home ImprovementInsurtechSmart BuildingEnergy ManagementReal Estate TechnologyReal EstateReal Estate BrokerageReal Estate Investment

Description

Meritage Homes Corporation is a designer and builder of single-family attached and detached homes. The company primarily builds in long-term high-growth markets of the United States and offer a variety of entry-level and first move-up homes. The com…

Analysis

Middle-of-the-road

Meritage Homes Corporation sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is attractive. The owner-earnings multiple stands at 12.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 0% a year, against analyst forecasts of 5%. The price, in other words, assumes less than the experts do.

Growth is tepid; the safety picture is adequate. The company scores 6/20 on our value-creation score: not creating value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
92
2023202420252026

All-time high

97

Jan 2025

All-time low

73

Jan 2023

Average rank

90

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
53
59
43
75
Price/Earnings
59
78
82
86
Price/Book
72
80
61
75
Dividend Yield
93
89
64
1
Value (overall)
92
95
81
67

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →