Meritage Homes's book value per share for the quarter that ended in Mar. 2024 was $128.35.
During the past 12 months, Meritage Homes's average Book Value Per Share Growth Rate was 17.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 26.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 24.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 17.90% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Meritage Homes was 63.90% per year. The lowest was -43.20% per year. And the median was 16.10% per year.
Meritage Homes's current price is $169.485. Its book value per share for the quarter that ended in Mar. 2024 was $128.35. Hence, today's PB Ratio of Meritage Homes is 1.32.
During the past 13 years, the highest P/B Ratio of Meritage Homes was 2.62. The lowest was 0.60. And the median was 1.23.
Meritage Homes Book Value per Share Historical Data
The historical data trend for Meritage Homes's Book Value per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Meritage Homes's Book Value per Share
For the Residential Construction subindustry, Meritage Homes's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Meritage Homes's PB Ratio Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Meritage Homes's PB Ratio distribution charts can be found below:
* The bar in red indicates where Meritage Homes's PB Ratio falls into.
Meritage Homes Book Value per Share Calculation
Meritage Homes's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
Meritage Homes (NYSE:MTH) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Meritage Homes Book Value per Share Related Terms
Thank you for viewing the detailed overview of Meritage Homes's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Meritage Homes (Meritage Homes) Business Description
Meritage Homes Corp is engaged as a designer and builder of single-family attached and detached homes. It has operations in three regions: West, Central, and East, which are comprised of ten states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Utah. The company operates with two principal business segments; homebuilding and financial services. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services and the financial services segment offer title and escrow, mortgage, and insurance services. The company generates key revenue from the homebuilding segment.
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