D.R. Horton, Inc.
DHI Consumer Cyclical Residential Construction
D.R. Horton, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $34.3 billion, down 6.93% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 4.75%, free cash flow fell 44.1% and total debt fell 1.88%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
Follow DHI
D.R. Horton, Inc. (DHI) P/B ratio
As of 16 October 2026, D.R. Horton, Inc. (DHI) trades at a P/B ratio of 1.6×. Over the past ten years it has ranged from 1.0× (March 2020) to 2.9× (May 2021); the current reading is higher than 20% of that period. That is above the Residential Construction industry median of 1.1× and in line with the Consumer Cyclical sector median of 1.6×.
P/B ratio, daily
Embed this chart
Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 2.1× | (13.19%) |
| FY2024 | 2.4× | 55.68% |
| FY2023 | 1.6× | 30.60% |
| FY2022 | 1.2× | (39.92%) |
| FY2021 | 2.0× | (12.62%) |
| FY2020 | 2.3× | 19.54% |
| FY2019 | 1.9× | 9.89% |
| FY2018 | 1.7× | (10.12%) |
| FY2017 | 1.9× | 17.10% |
| FY2016 | 1.6× | (9.58%) |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 1.9× | 15.36% |
| Mar 2026 | 1.6× | (4.78%) |
| Dec 2025 | 1.7× | (18.86%) |
| Sep 2025 | 2.1× | 32.55% |
| 42 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| LEN.B Lennar Corporation compare | 0.8× |
| LEN Lennar Corporation compare | 0.8× |
| TOL Toll Brothers Inc. compare | 1.5× |
| DHI D.R. Horton, Inc. | 1.6× |
| PHM PulteGroup, Inc. compare | 1.6× |
| SKY Champion Homes, Inc. compare | 2.7× |
| CVCO Cavco Industries, Inc. compare | 3.6× |
| NVR NVR, Inc. compare | 4.7× |
| IBP Installed Building Products, Inc. compare | 7.7× |
| Residential Construction industry median | 1.1× |
| Consumer Cyclical sector median | 1.6× |
| Market median | 1.7× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on DHI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- The full statement