P/E ratio for Meritage Homes (MTH)
P/E ratio as of June 2024 (TTM): 8.01
According to Meritage Homes's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.01188. At the end of 2022 the company had a P/E ratio of 3.41.
P/E ratio history for Meritage Homes from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.41 | -45.19% |
| 2021 | 6.22 | -15.57% |
| 2020 | 7.37 | -21.39% |
| 2019 | 9.37 | 44.73% |
| 2018 | 6.48 | -54.97% |
| 2017 | 14.4 | 54.57% |
| 2016 | 9.30 | -11.3% |
| 2015 | 10.5 | 6.39% |
| 2014 | 9.86 | -29.32% |
| 2013 | 14.0 | 10.19% |
| 2012 | 12.7 | -135.49% |
| 2011 | -35.7 | -135.36% |
| 2010 | 101 | -1211.93% |
| 2009 | -9.08 | 629.29% |
| 2008 | -1.24 | -5.97% |
| 2007 | -1.32 | -123.6% |
| 2006 | 5.61 | -15.87% |
| 2005 | 6.67 | -36.9% |
| 2004 | 10.6 | 15.32% |
| 2003 | 9.16 | 51.06% |
| 2002 | 6.06 | 12.63% |
| 2001 | 5.38 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 D. R. Horton
DHI | 10.3 | 28.15% | 🇺🇸 USA |
 NVR NVR | 14.8 | 84.30% | 🇺🇸 USA |
 LGI Homes
LGIH | 12.4 | 54.40% | 🇺🇸 USA |
 MDC Holdings
MDC | 12.8 | 59.45% | 🇺🇸 USA |
 M/I Homes
MHO | 7.03 | -12.28% | 🇺🇸 USA |
 New Home Company NWHM | N/A | N/A | 🇺🇸 USA |
 KB Home
KBH | 8.86 | 10.61% | 🇺🇸 USA |
 Hovnanian Enterprises
HOV | 6.34 | -20.93% | 🇺🇸 USA |
 Beazer Homes USA
BZH | 4.39 | -45.21% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.