MTH
Meritage Homes Corp
Price:  
183.00 
USD
Volume:  
247,877.00
United States | Household Durables
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Meritage Fair Value

198.45 %
Upside

As of 2024-05-20, the Fair Value of Meritage Homes Corp (MTH) is 546.16 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 183.00 USD, the upside of Meritage Homes Corp is 198.45%.

183.00 USD
Stock Price
546.16 USD
Fair Price
FAIR VALUE CALCULATION

Meritage Fair Value

Peter Lynch's formula is:

Meritage Fair Value
= Earnings Growth Rate x TTM EPS
Meritage Fair Value
= 25.00 x 21.85
Meritage Fair Value
= 546.16

The earnings growth rate we use in the formula is the average growth rate of net income/earnings over the last 5 years. If the average growth rate is smaller than 5%, we set it to 5%. If it is larger than 25%, we set it to 25%. If the TTM EPS is negative, Peter Lynch Fair Value's result can be unreliable.

Historical Earnings
2019-12-31 2020-12-31 2021-12-31 2022-12-31 2023-12-31 5Y Avg
Net income 249.70 423.50 737.40 992.20 738.75 628.31
YoY growth 9.85% 69.60% 74.12% 34.55% -25.54% 32.52%

Meritage Fair Value - Key Data

Market Cap (mil) 6,646.56
P/E 8.38x
Forward P/E 9.01x
EPS 21.85
Avg earnings growth rate 32.52%
TTM earnings 793.47