Meritage Homes (NYSE:MTH) Has A Pretty Healthy Balance Sheet
Feb 05
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U.S. Homebuilding Industry Analysis
UpdatedFeb 05, 2025
DataAggregated Company Financials
Companies34
- 7D-3.5%
- 3M-16.4%
- 1Y-0.04%
- YTDn/a
Over the last 7 days, the Homebuilding industry has dropped 3.5%, driven by a pullback from Lennar of 5.7%. In contrast, Cavco Industries has gained 9.3%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 2.0% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 05 Feb 2025 | US$196.1b | US$175.6b | US$21.0b | 8.3x | 9.3x | 1.1x |
| Fri, 03 Jan 2025 | US$201.8b | US$173.9b | US$20.8b | 7.9x | 9.7x | 1.2x |
| Sun, 01 Dec 2024 | US$248.3b | US$174.5b | US$21.0b | 10.7x | 11.8x | 1.4x |
| Tue, 29 Oct 2024 | US$246.1b | US$174.0b | US$21.4b | 10x | 11.5x | 1.4x |
| Thu, 26 Sep 2024 | US$264.1b | US$172.4b | US$21.2b | 10.6x | 12.4x | 1.5x |
| Sat, 24 Aug 2024 | US$249.7b | US$171.5b | US$21.2b | 10.6x | 11.8x | 1.5x |
| Mon, 22 Jul 2024 | US$241.3b | US$169.0b | US$20.9b | 10.7x | 11.6x | 1.4x |
| Wed, 19 Jun 2024 | US$215.5b | US$168.8b | US$20.8b | 9.2x | 10.3x | 1.3x |
| Fri, 17 May 2024 | US$233.8b | US$167.8b | US$20.7b | 9.6x | 11.3x | 1.4x |
| Sun, 14 Apr 2024 | US$226.2b | US$170.0b | US$20.5b | 10.2x | 11x | 1.3x |
| Tue, 12 Mar 2024 | US$228.3b | US$169.7b | US$20.5b | 10.1x | 11.1x | 1.3x |
| Thu, 08 Feb 2024 | US$212.5b | US$169.9b | US$20.6b | 9.5x | 10.3x | 1.3x |
| Sat, 06 Jan 2024 | US$208.2b | US$171.1b | US$20.9b | 10.3x | 10x | 1.2x |
| Mon, 04 Dec 2023 | US$186.7b | US$171.0b | US$21.0b | 8.7x | 8.9x | 1.1x |
| Wed, 01 Nov 2023 | US$151.3b | US$170.2b | US$21.1b | 7.1x | 7.2x | 0.9x |
| Fri, 29 Sep 2023 | US$163.1b | US$171.3b | US$21.4b | 7.4x | 7.6x | 1x |
| Sun, 27 Aug 2023 | US$169.3b | US$171.9b | US$21.9b | 7.9x | 7.7x | 1x |
| Tue, 25 Jul 2023 | US$182.6b | US$172.7b | US$22.3b | 8.4x | 8.2x | 1.1x |
| Thu, 22 Jun 2023 | US$173.5b | US$171.7b | US$22.6b | 7.8x | 7.7x | 1x |
| Sat, 20 May 2023 | US$160.7b | US$172.4b | US$23.1b | 6.7x | 7x | 0.9x |
| Mon, 17 Apr 2023 | US$146.8b | US$172.3b | US$23.9b | 5.2x | 6.1x | 0.9x |
| Wed, 15 Mar 2023 | US$139.5b | US$171.6b | US$23.8b | 4.8x | 5.9x | 0.8x |
| Fri, 10 Feb 2023 | US$140.0b | US$171.0b | US$23.6b | 4.9x | 5.9x | 0.8x |
| Sun, 08 Jan 2023 | US$128.7b | US$168.4b | US$23.6b | 4.3x | 5.4x | 0.8x |
| Tue, 06 Dec 2022 | US$118.4b | US$166.0b | US$23.2b | 4x | 5.1x | 0.7x |
| Thu, 03 Nov 2022 | US$106.6b | US$163.1b | US$22.7b | 4.2x | 4.7x | 0.7x |
| Sat, 01 Oct 2022 | US$102.1b | US$160.8b | US$22.0b | 4.1x | 4.6x | 0.6x |
| Mon, 29 Aug 2022 | US$112.5b | US$158.3b | US$21.8b | 4.4x | 5.2x | 0.7x |
| Wed, 27 Jul 2022 | US$116.4b | US$154.7b | US$20.9b | 4.9x | 5.6x | 0.8x |
| Fri, 24 Jun 2022 | US$103.5b | US$153.2b | US$20.3b | 4.5x | 5.1x | 0.7x |
| Sun, 22 May 2022 | US$113.1b | US$150.3b | US$20.0b | 4.9x | 5.7x | 0.8x |
| Tue, 19 Apr 2022 | US$113.6b | US$146.2b | US$18.8b | 5.3x | 6.1x | 0.8x |
| Thu, 17 Mar 2022 | US$132.8b | US$144.7b | US$19.2b | 6.4x | 6.9x | 0.9x |
| Sat, 12 Feb 2022 | US$137.1b | US$143.6b | US$19.0b | 6.6x | 7.2x | 1x |
Price to Earnings Ratio
7.2x
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 9.3x which is higher than its 3-year average PE of 8.1x.
- The industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Homebuilding industry have grown 3.3% per year over the last three years.
- Revenues for these companies have grown 6.9% 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 | -0.28% | |
| Consumer Discretionary | 0.31% | |
| Consumer Durables | -2.88% | |
| Homebuilding | -3.49% | |
| Home Furnishings | 2.36% | |
| Consumer Electronics | 0.31% | |
| Housewares and Specialties | -6.93% | |
| Household Appliances | -7.44% | |
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 | |
|---|---|---|---|---|---|
| CVCO Cavco Industries | US$515.86 | 9.3% +US$309.3m | 46.2% | PE24.5x | |
| SKY Champion Homes | US$92.75 | 2.6% +US$133.2m | 16.6% | PE35.4x | |
| LEGH Legacy Housing | US$25.61 | 0.8% +US$5.1m | 2.5% | PE11.4x |
