Meritage Homes
MTH
#2259
Rank
$6.63 B
Marketcap
$182.59
Share price
-0.22%
Change (1 day)
51.56%
Change (1 year)

P/E ratio for Meritage Homes (MTH)

P/E ratio as of May 2024 (TTM): 8.36

According to Meritage Homes's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.35998. 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
20223.41-45.19%
20216.22-15.57%
20207.37-21.39%
20199.3744.73%
20186.48-54.97%
201714.454.57%
20169.30-11.3%
201510.56.39%
20149.86-29.32%
201314.010.19%
201212.7-135.49%
2011-35.7-135.36%
2010101-1211.93%
2009-9.08629.29%
2008-1.24-5.97%
2007-1.32-123.6%
20065.61-15.87%
20056.67-36.9%
200410.615.32%
20039.1651.06%
20026.0612.63%
20015.38

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
10.7 27.89%๐Ÿ‡บ๐Ÿ‡ธ USA
15.2 81.69%๐Ÿ‡บ๐Ÿ‡ธ USA
13.6 62.12%๐Ÿ‡บ๐Ÿ‡ธ USA
12.8 52.81%๐Ÿ‡บ๐Ÿ‡ธ USA
7.30-12.71%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
9.26 10.75%๐Ÿ‡บ๐Ÿ‡ธ USA
7.64-8.57%๐Ÿ‡บ๐Ÿ‡ธ USA
4.60-45.03%๐Ÿ‡บ๐Ÿ‡ธ 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.