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Meritage Homes (FRA:MEY) Cyclically Adjusted Price-to-FCF : 36.69 (As of Jun. 30, 2025)


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What is Meritage Homes Cyclically Adjusted Price-to-FCF?

As of today (2025-06-30), Meritage Homes's current share price is €56.50. Meritage Homes's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €1.54. Meritage Homes's Cyclically Adjusted Price-to-FCF for today is 36.69.

The historical rank and industry rank for Meritage Homes's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:MEY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 32.99   Med: 51.89   Max: 1525.75
Current: 39.41

During the past years, Meritage Homes's highest Cyclically Adjusted Price-to-FCF was 1525.75. The lowest was 32.99. And the median was 51.89.

FRA:MEY's Cyclically Adjusted Price-to-FCF is ranked worse than
93.33% of 45 companies
in the Homebuilding & Construction industry
Industry Median: 13.19 vs FRA:MEY: 39.41

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Meritage Homes's adjusted free cash flow per share data for the three months ended in Mar. 2025 was €-0.613. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €1.54 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Meritage Homes Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Meritage Homes's Cyclically Adjusted Price-to-FCF 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.

* Premium members only.

Meritage Homes Cyclically Adjusted Price-to-FCF Chart

Meritage Homes Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 352.00 1,466.72 47.11 54.43 46.08

Meritage Homes Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.98 43.39 55.84 46.08 41.84

Competitive Comparison of Meritage Homes's Cyclically Adjusted Price-to-FCF

For the Residential Construction subindustry, Meritage Homes's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Cyclically Adjusted Price-to-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Meritage Homes's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Meritage Homes's Cyclically Adjusted Price-to-FCF falls into.


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Meritage Homes Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Meritage Homes's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=56.50/1.54
=36.69

* 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.

Meritage Homes's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Meritage Homes's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-0.613/134.9266*134.9266
=-0.613

Current CPI (Mar. 2025) = 134.9266.

Meritage Homes Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.444 100.684 -0.595
201509 0.203 100.392 0.273
201512 0.501 99.792 0.677
201603 -0.909 100.470 -1.221
201606 -0.339 101.688 -0.450
201609 -0.443 101.861 -0.587
201612 0.450 101.863 0.596
201703 -0.961 102.862 -1.261
201706 -0.531 103.349 -0.693
201709 -0.473 104.136 -0.613
201712 0.834 104.011 1.082
201803 -0.234 105.290 -0.300
201806 -0.026 106.317 -0.033
201809 0.798 106.507 1.011
201812 1.985 105.998 2.527
201903 0.308 107.251 0.387
201906 0.844 108.070 1.054
201909 0.555 108.329 0.691
201912 1.999 108.420 2.488
202003 0.450 108.902 0.558
202006 2.193 108.767 2.720
202009 1.450 109.815 1.782
202012 1.625 109.897 1.995
202103 -0.207 111.754 -0.250
202106 -1.465 114.631 -1.724
202109 -1.247 115.734 -1.454
202112 1.033 117.630 1.185
202203 0.070 121.301 0.078
202206 -2.885 125.017 -3.114
202209 0.415 125.227 0.447
202212 7.242 125.222 7.803
202303 1.454 127.348 1.541
202306 2.720 128.729 2.851
202309 1.189 129.860 1.235
202312 -1.383 129.419 -1.442
202403 0.946 131.776 0.969
202406 -1.579 132.554 -1.607
202409 -1.229 133.029 -1.247
202412 -1.398 133.157 -1.417
202503 -0.613 134.927 -0.613

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Meritage Homes  (FRA:MEY) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Meritage Homes Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Meritage Homes's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Meritage Homes Business Description

Traded in Other Exchanges
Address
18655 North Claret Drive, Suite 400, Scottsdale, AZ, USA, 85255
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, comprising 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 offers title and escrow, mortgage, and insurance services. The company generates key revenue from the homebuilding segment.

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