This MTH PE ratio history page last updated 3/29/2024
Period | Price | GAAP | TTM | PE |
Q4 2023 1/31/2024 | 165.61 | 5.38 | 19.92 | 8.3 | Q3 2023 10/31/2023 | 114.02 | 5.98 | 21.63 | 5.3 | Q2 2023 7/27/2023 | 138.40 | 5.02 | 22.75 | 6.1 | Q1 2023 4/26/2023 | 121.85 | 3.54 | 24.50 | 5.0 | Q4 2022 2/1/2023 | 109.53 | 7.09 | 26.75 | 4.1 | Q3 2022 10/26/2022 | 72.53 | 7.10 | 25.91 | 2.8 | Q2 2022 7/27/2022 | 88.63 | 6.77 | 24.06 | 3.7 | Q1 2022 4/27/2022 | 79.24 | 5.79 | 22.02 | 3.6 | Q4 2021 1/26/2022 | 100.46 | 6.25 | 19.67 | 5.1 | Q3 2021 10/27/2021 | 106.36 | 5.25 | 17.39 | 6.1 | Q2 2021 7/28/2021 | 95.69 | 4.73 | 14.98 | 6.4 | Q1 2021 4/28/2021 | 95.81 | 3.44 | 12.63 | 7.6 | Q4 2020 1/27/2021 | 93.31 | 3.97 | 11.02 | 8.5 | Q3 2020 10/21/2020 | 103.29 | 2.84 | 9.70 | 10.6 | Q2 2020 7/22/2020 | 89.35 | 2.38 | 8.65 | 10.3 | Q1 2020 4/28/2020 | 48.33 | 1.83 | 7.58 | 6.4 | Q4 2019 1/29/2020 | 69.45 | 2.65 | 6.40 | 10.9 | Q3 2019 10/22/2019 | 75.07 | 1.79 | 5.66 | 13.3 | Q2 2019 7/24/2019 | 54.39 | 1.31 | 5.20 | 10.5 | Q1 2019 4/23/2019 | 49.74 | 0.65 | 5.20 | 9.6 | Q4 2018 1/30/2019 | 40.93 | 1.91 | 5.62 | 7.3 | Q3 2018 10/24/2018 | 32.76 | 1.33 | 5.05 | 6.5 | Q2 2018 7/25/2018 | 41.10 | 1.31 | 4.74 | 8.7 | Q1 2018 4/25/2018 | 43.45 | 1.07 | 4.41 | 9.9 | Q4 2017 2/1/2018 | 50.20 | 1.34 | 3.90 | 12.9 | Q3 2017 10/27/2017 | 48.15 | 1.02 | 3.78 | 12.7 | Q2 2017 8/1/2017 | 43.55 | 0.98 | 3.64 | 12.0 | Q1 2017 4/27/2017 | 40.30 | 0.56 | 3.61 | 11.2 | Q4 2016 2/1/2017 | 34.75 | 1.22 | 3.55 | 9.8 | Q3 2016 10/27/2016 | 30.70 | 0.88 | 3.59 | 8.6 | Q2 2016 7/28/2016 | 37.54 | 0.95 | 3.50 | 10.7 | Q1 2016 4/28/2016 | 33.74 | 0.50 | 3.25 | 10.4 | Q4 2015 1/28/2016 | 31.92 | 1.26 | 3.15 | 10.1 | Q3 2015 10/29/2015 | 35.45 | 0.79 | 3.08 | 11.5 | Q2 2015 7/29/2015 | 45.74 | 0.70 | 3.08 | 14.9 | Q1 2015 4/23/2015 | 43.95 | 0.40 | 3.23 | 13.6 | Q4 2014 1/29/2015 | 36.15 | 1.19 | 3.45 | 10.5 | Q3 2014 10/29/2014 | 36.27 | 0.79 | 3.45 | 10.5 | Q2 2014 7/24/2014 | 41.44 | 0.85 | 3.65 | 11.4 | Q1 2014 4/23/2014 | 39.44 | 0.62 | 3.54 | 11.1 | Q4 2013 2/5/2014 | 45.29 | 1.19 | 3.24 | 14.0 | Q3 2013 10/23/2013 | 45.37 | 0.99 | 4.54 | 10.0 | Q2 2013 7/24/2013 | 45.03 | 0.74 | 3.74 | 12.0 | Q1 2013 4/24/2013 | 48.75 | 0.32 | 3.24 | 15.0 | Q4 2012 1/31/2013 | 44.24 | 2.49 | 2.77 | 16.0 | Q3 2012 10/25/2012 | 36.08 | 0.19 | NA | NA | Q2 2012 7/26/2012 | NA | 0.24 | NA | NA | Q1 2012 4/26/2012 | 29.05 | -0.15 | NA | NA |
|
Period | Price | GAAP | Annualized | PE |
Q4 2023 1/31/2024 | 165.61 | 5.38 | 21.52 | 7.7 | Q3 2023 10/31/2023 | 114.02 | 5.98 | 23.92 | 4.8 | Q2 2023 7/27/2023 | 138.40 | 5.02 | 20.08 | 6.9 | Q1 2023 4/26/2023 | 121.85 | 3.54 | 14.16 | 8.6 | Q4 2022 2/1/2023 | 109.53 | 7.09 | 28.36 | 3.9 | Q3 2022 10/26/2022 | 72.53 | 7.10 | 28.40 | 2.6 | Q2 2022 7/27/2022 | 88.63 | 6.77 | 27.08 | 3.3 | Q1 2022 4/27/2022 | 79.24 | 5.79 | 23.16 | 3.4 | Q4 2021 1/26/2022 | 100.46 | 6.25 | 25.00 | 4.0 | Q3 2021 10/27/2021 | 106.36 | 5.25 | 21.00 | 5.1 | Q2 2021 7/28/2021 | 95.69 | 4.73 | 18.92 | 5.1 | Q1 2021 4/28/2021 | 95.81 | 3.44 | 13.76 | 7.0 | Q4 2020 1/27/2021 | 93.31 | 3.97 | 15.88 | 5.9 | Q3 2020 10/21/2020 | 103.29 | 2.84 | 11.36 | 9.1 | Q2 2020 7/22/2020 | 89.35 | 2.38 | 9.52 | 9.4 | Q1 2020 4/28/2020 | 48.33 | 1.83 | 7.32 | 6.6 | Q4 2019 1/29/2020 | 69.45 | 2.65 | 10.60 | 6.6 | Q3 2019 10/22/2019 | 75.07 | 1.79 | 7.16 | 10.5 | Q2 2019 7/24/2019 | 54.39 | 1.31 | 5.24 | 10.4 | Q1 2019 4/23/2019 | 49.74 | 0.65 | 2.60 | 19.1 | Q4 2018 1/30/2019 | 40.93 | 1.91 | 7.64 | 5.4 | Q3 2018 10/24/2018 | 32.76 | 1.33 | 5.32 | 6.2 | Q2 2018 7/25/2018 | 41.10 | 1.31 | 5.24 | 7.8 | Q1 2018 4/25/2018 | 43.45 | 1.07 | 4.28 | 10.2 | Q4 2017 2/1/2018 | 50.20 | 1.34 | 5.36 | 9.4 | Q3 2017 10/27/2017 | 48.15 | 1.02 | 4.08 | 11.8 | Q2 2017 8/1/2017 | 43.55 | 0.98 | 3.92 | 11.1 | Q1 2017 4/27/2017 | 40.30 | 0.56 | 2.24 | 18.0 | Q4 2016 2/1/2017 | 34.75 | 1.22 | 4.88 | 7.1 | Q3 2016 10/27/2016 | 30.70 | 0.88 | 3.52 | 8.7 | Q2 2016 7/28/2016 | 37.54 | 0.95 | 3.80 | 9.9 | Q1 2016 4/28/2016 | 33.74 | 0.50 | 2.00 | 16.9 | Q4 2015 1/28/2016 | 31.92 | 1.26 | 5.04 | 6.3 | Q3 2015 10/29/2015 | 35.45 | 0.79 | 3.16 | 11.2 | Q2 2015 7/29/2015 | 45.74 | 0.70 | 2.80 | 16.3 | Q1 2015 4/23/2015 | 43.95 | 0.40 | 1.60 | 27.5 | Q4 2014 1/29/2015 | 36.15 | 1.19 | 4.76 | 7.6 | Q3 2014 10/29/2014 | 36.27 | 0.79 | 3.16 | 11.5 | Q2 2014 7/24/2014 | 41.44 | 0.85 | 3.40 | 12.2 | Q1 2014 4/23/2014 | 39.44 | 0.62 | 2.48 | 15.9 | Q4 2013 2/5/2014 | 45.29 | 1.19 | 4.76 | 9.5 | Q3 2013 10/23/2013 | 45.37 | 0.99 | 3.96 | 11.5 | Q2 2013 7/24/2013 | 45.03 | 0.74 | 2.96 | 15.2 | Q1 2013 4/24/2013 | 48.75 | 0.32 | 1.28 | 38.1 | Q4 2012 1/31/2013 | 44.24 | 2.49 | 9.96 | 4.4 | Q3 2012 10/25/2012 | 36.08 | 0.19 | 0.76 | 47.5 | Q2 2012 7/26/2012 | NA | 0.24 | 0.96 | NA | Q1 2012 4/26/2012 | 29.05 | -0.15 | -0.60 | NA |
|
On this page we presented the MTH PE Ratio History information for Meritage Homes' stock.
The average MTH PE ratio history based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 10.8. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average MTH PE ratio history based on this TTM earnings result method is 9.5. Note: any PE calculations involving negative earnings were discarded as not meaningful.
Let's now compare this MTH PE ratio history result, against the recent PE: when this page was posted on 3/28/2024, the most recent closing price for MTH had been 175.46, and the most recent quarterly earnings result, annualized, was 21.52. Meanwhile, the most recent TTM earnings summed to 19.92. From these numbers, we calculate the recent MTH PE on 3/28/2024 based on annualized quarterly EPS was 8.2. Based on MTH's history, that recent PE is low relative to the historical average, with the recent PE 24.1% lower than the historical average PE across our data set for Meritage Homes. Looking at the recent MTH PE on 3/28/2024 based on TTM EPS, we calculate the ratio at 8.8. Based on MTH's history, that recent PE is low relative to the historical average, with the recent PE 7.4% lower than the average PE across our Meritage Homes data set with TTM EPS used in the calculation at each period.
Another interesting MTH PE ratio history calculation we look at is to take the median earnings per share of the last four quarters for MTH, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for MTH, we start with the past four EPS numbers and we first sort them from lowest to highest: 3.54, 5.02, 5.38, and 5.98. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 5.02 and 5.38 — which gives us the median of 5.20. Basically the way to think about this 5.20 number is this: for the trailing four earnings reports, 5.20 marks the "middle ground" number where MTH has reported a value higher than 5.20 half the time, and has reported a value lower than 5.20 half the time. Annualizing that median value then gets us to 20.8/share, which we use as the denominator in our next PE calculation. With 175.46 as the numerator (as of 3/28/2024), the calculation is then 175.46 / 20.8 = 8.4 as the MTH PE ratio as of 3/28/2024, based on that annualized median value we calculated.
For self directed investors doing their due diligence on MTH or any other given stock, valuation analysis for MTH
can greatly benefit from studying the past earnings and resulting PE ratio history calculations. This type of study can
help inform an analysis as to whether the earnings trajectory over time and current versus historical average PE ratios
justify the current stock market value.
That's why we bring you HistoricalPERatio.com to make it easy for investors to investigate
Meritage Homes PE ratio history — or the PE history for any stock in our coverage universe.
And in your continued research we hope you will be sure to check out the further links included for
next earnings dates and also historical earnings surprises history for MTH. Thanks for visiting, and the next
time you need to research MTH PE Ratio History or the PE ratio history for another stock, we hope our site
will come to mind as your go-to PE ratio history research resource of choice.