M/I Homes, Inc. (NYSE:MHO) Shares Fly 32% But Investors Aren't Buying For Growth
Jul 26
U.S. Homebuilding Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies32
- 7D0.8%
- 3M13.1%
- 1Y40.7%
- YTDn/a
In the last week, Homebuilding has been flat. As for the the longer term, the industry is up 41% over the past 12 months. As for the next few years, earnings are expected to grow by 3.7% per annum.
Industry Valuation and Performance
Has the U.S. Homebuilding Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | US$239.4b | US$169.9b | US$21.0b | 10.9x | 11.4x | 1.4x |
| Sun, 23 Jun 2024 | US$210.4b | US$168.7b | US$20.8b | 8.8x | 10.1x | 1.2x |
| Tue, 21 May 2024 | US$226.0b | US$167.8b | US$20.7b | 9.7x | 10.9x | 1.3x |
| Thu, 18 Apr 2024 | US$216.0b | US$170.0b | US$20.5b | 9.9x | 10.5x | 1.3x |
| Sat, 16 Mar 2024 | US$223.0b | US$170.1b | US$20.4b | 10.6x | 10.9x | 1.3x |
| Mon, 12 Feb 2024 | US$216.4b | US$169.9b | US$20.6b | 9.2x | 10.5x | 1.3x |
| Wed, 10 Jan 2024 | US$212.8b | US$171.1b | US$20.9b | 10.4x | 10.2x | 1.2x |
| Fri, 08 Dec 2023 | US$190.9b | US$170.3b | US$20.8b | 9.1x | 9.2x | 1.1x |
| Sun, 05 Nov 2023 | US$170.5b | US$169.8b | US$20.9b | 7.9x | 8.1x | 1x |
| Tue, 03 Oct 2023 | US$160.7b | US$171.3b | US$21.4b | 7.1x | 7.5x | 0.9x |
| Thu, 31 Aug 2023 | US$177.9b | US$171.8b | US$21.8b | 8.3x | 8.1x | 1x |
| Sat, 29 Jul 2023 | US$182.0b | US$172.1b | US$21.9b | 8.7x | 8.3x | 1.1x |
| Mon, 26 Jun 2023 | US$174.3b | US$171.7b | US$22.6b | 7.9x | 7.7x | 1x |
| Wed, 24 May 2023 | US$153.7b | US$172.4b | US$23.1b | 6.5x | 6.7x | 0.9x |
| Fri, 21 Apr 2023 | US$156.3b | US$172.3b | US$23.4b | 5.8x | 6.7x | 0.9x |
| Sun, 19 Mar 2023 | US$140.9b | US$171.9b | US$23.9b | 4.8x | 5.9x | 0.8x |
| Tue, 14 Feb 2023 | US$144.0b | US$171.0b | US$23.6b | 5.1x | 6.1x | 0.8x |
| Thu, 12 Jan 2023 | US$132.8b | US$168.4b | US$23.6b | 4.2x | 5.6x | 0.8x |
| Sat, 10 Dec 2022 | US$119.3b | US$166.7b | US$23.5b | 3.9x | 5.1x | 0.7x |
| Mon, 07 Nov 2022 | US$106.5b | US$164.2b | US$22.8b | 4.1x | 4.7x | 0.6x |
| Wed, 05 Oct 2022 | US$111.9b | US$160.8b | US$22.0b | 4.4x | 5.1x | 0.7x |
| Fri, 02 Sep 2022 | US$108.8b | US$158.3b | US$21.8b | 4.3x | 5x | 0.7x |
| Sun, 31 Jul 2022 | US$120.7b | US$156.3b | US$21.5b | 4.9x | 5.6x | 0.8x |
| Tue, 28 Jun 2022 | US$105.9b | US$153.2b | US$20.3b | 4.6x | 5.2x | 0.7x |
| Thu, 26 May 2022 | US$112.9b | US$150.5b | US$20.1b | 4.9x | 5.6x | 0.8x |
| Sat, 23 Apr 2022 | US$113.7b | US$146.2b | US$18.8b | 5.4x | 6.1x | 0.8x |
| Mon, 21 Mar 2022 | US$138.1b | US$145.9b | US$18.7b | 7x | 7.4x | 0.9x |
| Wed, 16 Feb 2022 | US$139.2b | US$143.6b | US$19.0b | 6.8x | 7.3x | 1x |
| Fri, 14 Jan 2022 | US$161.9b | US$139.5b | US$18.0b | 8.5x | 9x | 1.2x |
| Sun, 12 Dec 2021 | US$173.7b | US$137.4b | US$17.6b | 9.4x | 9.9x | 1.3x |
| Tue, 09 Nov 2021 | US$152.3b | US$133.0b | US$16.3b | 8.6x | 9.4x | 1.1x |
| Thu, 07 Oct 2021 | US$137.5b | US$130.3b | US$15.7b | 7.7x | 8.8x | 1.1x |
| Sat, 04 Sep 2021 | US$154.1b | US$128.2b | US$14.9b | 9.4x | 10.3x | 1.2x |
| Mon, 02 Aug 2021 | US$154.4b | US$128.2b | US$14.9b | 9.7x | 10.4x | 1.2x |
Price to Earnings Ratio
10.4x
Current Industry PE
- Investors are optimistic on the American Homebuilding industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 11.4x which is higher than its 3-year average PE of 7.8x.
- The 3-year average PS ratio of 0.99x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Homebuilding industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 9.8% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does U.S. Homebuilding compare with similar industries?
| US Market | -2.42% | |
| Consumer Discretionary | -3.87% | |
| Consumer Durables | 0.61% | |
| Homebuilding | 0.82% | |
| Consumer Electronics | 1.00% | |
| Home Furnishings | 0.21% | |
| Household Appliances | -1.58% | |
| Housewares and Specialties | -2.29% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LEN Lennar | US$176.71 | 3.4% +US$1.6b | 38.3% | PE11.8x | |
| TOL Toll Brothers | US$139.45 | 6.0% +US$810.9m | 73.9% | PE9.1x | |
| DHI D.R. Horton | US$176.94 | 1.8% +US$778.9m | 38.7% | PE11.6x | |
| PHM PulteGroup | US$129.99 | 4.2% +US$733.8m | 53.3% | PE9.6x | |
| IBP Installed Building Products | US$265.53 | 10.4% +US$706.8m | 78.9% | PE30x |
