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As of today (2024-06-03), Meritage Homes's current share price is $177.29. Meritage Homes's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $3.90. Meritage Homes's Cyclically Adjusted Price-to-FCF for today is 45.46.
The historical rank and industry rank for Meritage Homes's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
During the past years, Meritage Homes's highest Cyclically Adjusted Price-to-FCF was 2146.00. The lowest was 32.99. And the median was 83.26.
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. 2024 was $2.057. 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 $3.90 for the trailing ten years ended in Mar. 2024.
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.
Meritage Homes Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cyclically Adjusted Price-to-FCF | Get a 7-Day Free Trial | 50.51 | 47.40 | 36.40 | 54.44 | 44.98 |
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.
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.
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 |
= | 177.29 | / | 3.9 | |
= | 45.46 |
* 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. 2024 is calculated as:
For example, Meritage Homes's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:
Adj_FreeCashFlowPerShare | = | Free Cash Flow per Share | / | CPI of Mar. 2024 (Change) | * | Current CPI (Mar. 2024) |
= | 2.057 | / | 131.7762 | * | 131.7762 | |
= | 2.057 |
Current CPI (Mar. 2024) = 131.7762.
Meritage Homes Quarterly Data
Free Cash Flow per Share | CPI | Adj_FreeCashFlowPerShare | |
201406 | -1.105 | 100.560 | -1.448 |
201409 | -1.525 | 100.428 | -2.001 |
201412 | 0.334 | 99.070 | 0.444 |
201503 | -1.020 | 99.621 | -1.349 |
201506 | -0.996 | 100.684 | -1.304 |
201509 | 0.455 | 100.392 | 0.597 |
201512 | 1.092 | 99.792 | 1.442 |
201603 | -2.024 | 100.470 | -2.655 |
201606 | -0.763 | 101.688 | -0.989 |
201609 | -0.995 | 101.861 | -1.287 |
201612 | 0.949 | 101.863 | 1.228 |
201703 | -2.056 | 102.862 | -2.634 |
201706 | -1.194 | 103.349 | -1.522 |
201709 | -1.128 | 104.136 | -1.427 |
201712 | 1.974 | 104.011 | 2.501 |
201803 | -0.576 | 105.290 | -0.721 |
201806 | -0.060 | 106.317 | -0.074 |
201809 | 1.862 | 106.507 | 2.304 |
201812 | 4.516 | 105.998 | 5.614 |
201903 | 0.695 | 107.251 | 0.854 |
201906 | 1.908 | 108.070 | 2.327 |
201909 | 1.222 | 108.329 | 1.486 |
201912 | 4.443 | 108.420 | 5.400 |
202003 | 0.994 | 108.902 | 1.203 |
202006 | 4.939 | 108.767 | 5.984 |
202009 | 3.416 | 109.815 | 4.099 |
202012 | 3.955 | 109.897 | 4.742 |
202103 | -0.494 | 111.754 | -0.583 |
202106 | -3.531 | 114.631 | -4.059 |
202109 | -2.934 | 115.734 | -3.341 |
202112 | 2.334 | 117.630 | 2.615 |
202203 | 0.154 | 121.301 | 0.167 |
202206 | -6.099 | 125.017 | -6.429 |
202209 | 0.821 | 125.227 | 0.864 |
202212 | 15.343 | 125.222 | 16.146 |
202303 | 3.113 | 127.348 | 3.221 |
202306 | 5.893 | 128.729 | 6.033 |
202309 | 2.538 | 129.860 | 2.575 |
202312 | -3.017 | 129.419 | -3.072 |
202403 | 2.057 | 131.776 | 2.057 |
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.
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.
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.
Phillippe Lord | officer: EXECUTIVE VICE PRESIDENT | 8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260 |
Peter L Ax | director | |
Alison Sasser | officer: SVP - Chief Accounting Officer | 8800 E RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260 |
Hilla Sferruzza | officer: Chief Accounting Officer | 8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260 |
Javier Feliciano | officer: EVP Chief Human Resources Off | 8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260 |
Dennis V Arriola | director | 162 CANCO ROAD, PORTLAND ME 04103 |
R. Odell Michael | director | 3111 WEST ALLEGHENY AVENUE, PHILADELPHIA PA 19130 |
Gerald W Haddock | director | C/O ENSCO, 5847 SAN FELIPE, HOUSTON TX 77057 |
Raymond Oppel | director | |
Steven J Hilton | officer: Chief Executive Officer | 6613 N SCOTTSDALE RD, SCOTTSDALE AZ 85250 |
Clinton Szubinski | officer: EVP - Chief Operating Officer | 8800 E RAINTREE DRIVE, SCOTTSDALE AZ 85260 |
Malissia Clinton | officer: EVP - Gen. Counsel, Secretary | 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730 |
Louis E Caldera | director | C/O BELO CORP, PO BOX 655237, DALLAS TX 75265-5237 |
C Timothy White | officer: EVP - Gen. Counsel, Secretary | |
Dana Bradford | director | BALLANTYNE OF OMAHA INC, 4350 MCKINLEY STREET, OMAHA NE 68112 |
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