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Friday 6 November 2026 Export MTH’s income statement to Excel — free account

Meritage Homes Corporation

MTH Consumer Cyclical Residential Construction

Meritage Homes Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.9 billion, down 8.40% from fiscal 2024.

Revenue
−17.4%
EPS
−25.7%
Free cash flow
+66.2%
Total debt
+1.25%

Quarter to September 2026, against a year earlier

69.31 1.72 −2.42%
Market cap
$4.6B
P/E
15.9×
Fwd P/E
14.9×
Dividend yield
2.64%
F-score
4/9
Altman Z
3.21
Beneish M
−1.98
Dividend safety
49/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Meritage Homes Corporation (MTH) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Meritage Homes Corporation (MTH) trades at a P/B ratio of 0.9×. Over the past ten years it has ranged from 0.5× (March 2020) to 2.0× (October 2020); the current reading is higher than 13% of that period. That is below the Residential Construction industry median of 1.2× and below the Consumer Cyclical sector median of 1.7×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 0.9× (17.27%)
FY2024 1.1× (20.05%)
FY2023 1.4× 56.43%
FY2022 0.9× (42.52%)
FY2021 1.5× 13.33%
FY2020 1.3× 12.78%
FY2019 1.2× 37.83%
FY2018 0.9× (36.19%)
FY2017 1.3× 34.51%
FY2016 1.0× (6.74%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 0.8× (26.09%)
Jun 2026 1.1× 33.34%
Mar 2026 0.8× (8.81%)
Dec 2025 0.9× (7.36%)
43 more quarters

Against its own ten years

Low 0.5× High 2.0×
Ten-year median 1.1×
Current reading's percentile 14

P/B ratio against peers

Company P/B ratio
KBH KB Home compare 0.8×
MTH Meritage Homes Corporation 0.9×
MHO M/I Homes, Inc. compare 1.0×
GRBK Green Brick Partners, Inc. compare 1.4×
TOL Toll Brothers Inc. compare 1.7×
SKY Champion Homes, Inc. compare 3.2×
CVCO Cavco Industries, Inc. compare 4.4×
NVR NVR, Inc. compare 5.0×
IBP Installed Building Products, Inc. compare 8.4×
Residential Construction industry median 1.2×
Consumer Cyclical sector median 1.7×
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))

The full definition of P/B ratio →

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