Meritage Homes (FRA:MEY) E10: €6.32 (As of Mar. 2026)


FRA:MEY Meritage Homes Corp FRA:MEY
79 GF Score
Price €72.00
GF Value €58.31
Valuation Modestly Overvalued
! 11 Warning Signs
View Full Analysis

What is Meritage Homes E10?

Meritage Homes FRA:MEY +0.70% 79 E10 is €6.32 as of Mar. 2026. GuruFocus rates FRA:MEY with a GF Score™ of 79/100 and a GF Value™ of €58.31 (Modestly Overvalued). The stock has 11 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Meritage Homes's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.709. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €6.32 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Meritage Homes's average E10 Growth Rate was 8.00% per year. During the past 3 years, the average E10 Growth Rate was 15.40% per year. During the past 5 years, the average E10 Growth Rate was 26.60% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Meritage Homes was 148.40% per year. The lowest was -29.70% per year. And the median was 15.55% per year.

As of today (2026-06-27), Meritage Homes's current stock price is €72.00. Meritage Homes's E10 for the quarter that ended in Mar. 2026 was €6.32. Meritage Homes's Shiller PE Ratio of today is 11.39.

During the past 13 years, the highest Shiller PE Ratio of Meritage Homes was 86.53. The lowest was 7.28. And the median was 14.98.


Meritage Homes  (FRA:MEY) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Meritage Homes's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=72.00/6.32
=11.39

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Meritage Homes was 86.53. The lowest was 7.28. And the median was 14.98.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Meritage Homes E10 Related Terms


Meritage Homes E10 Historical Data

* Premium members only.

The historical data trend for Meritage Homes's E10 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 E10 Chart

Meritage Homes Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.94 4.48 5.19 6.43 6.24

Meritage Homes Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 6.33 6.10 6.21 6.24 6.32

FRA:MEY vs CVCO, SKY, MHO: E10 Comparison

For the Residential Construction subindustry, Meritage Homes's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Meritage Homes's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Meritage Homes's Shiller PE Ratio falls into.


FRA:MEY
79GF Score
Meritage Homes Corp FRA:MEY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Meritage Homes E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Meritage Homes's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.709/330.2130*330.2130
=0.709

Current CPI (Mar. 2026) = 330.2130.

Meritage Homes Quarterly Data

per share eps CPI Adj_EPS
201606 0.423 241.018 0.580
201609 0.392 241.428 0.536
201612 0.578 241.432 0.791
201703 0.262 243.801 0.355
201706 0.436 244.955 0.588
201709 0.428 246.819 0.573
201712 0.368 246.524 0.493
201803 0.434 249.554 0.574
201806 0.561 251.989 0.735
201809 0.570 252.439 0.746
201812 0.839 251.233 1.103
201903 0.288 254.202 0.374
201906 0.580 256.143 0.748
201909 0.813 256.759 1.046
201912 1.193 256.974 1.533
202003 0.828 258.115 1.059
202006 1.057 257.797 1.354
202009 1.206 260.280 1.530
202012 1.632 260.474 2.069
202103 1.445 264.877 1.801
202106 1.809 271.696 2.199
202109 2.231 274.310 2.686
202112 2.766 278.802 3.276
202203 2.629 287.504 3.020
202206 3.202 296.311 3.568
202209 3.586 296.808 3.990
202212 3.346 296.797 3.723
202303 1.653 301.836 1.808
202306 2.317 305.109 2.508
202309 2.802 307.789 3.006
202312 2.467 306.746 2.656
202403 2.328 312.332 2.461
202406 2.926 314.175 3.075
202409 2.406 315.301 2.520
202412 2.254 315.605 2.358
202503 1.563 319.799 1.614
202506 1.769 322.561 1.811
202509 1.184 324.800 1.204
202512 1.025 324.054 1.044
202603 0.709 330.213 0.709

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €6.32 mean?
Meritage Homes (FRA:MEY) has a E10 of €6.32 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Meritage Homes and its competitors.
Is Meritage Homes' E10 too high?
Meritage Homes' current E10 is €6.32. Overall, Meritage Homes has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meritage Homes' E10 compare to CVCO and SKY?
Meritage Homes' E10 of €6.32 can be compared against companies in the Homebuilding & Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Homebuilding & Construction company?
A good E10 depends on the Homebuilding & Construction industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Meritage Homes and its competitors. Meritage Homes's current E10 is €6.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meritage Homes stock overvalued right now?
Based on GuruFocus' analysis, Meritage Homes (FRA:MEY) is currently considered Modestly Overvalued. The stock's GF Value™ is €58.31, compared to a current price of €72.00 — trading 23.5% above its estimated fair value. The current E10 is €6.32. Meritage Homes' overall GF Score™ is 79/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Meritage Homes (FRA:MEY), the current E10 is €6.32 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Meritage Homes (FRA:MEY) Overvalued in 2026?

Based on GuruFocus' analysis, Meritage Homes stock appears to be overvalued. The current stock price of €72.00 is trading 23.5% above its estimated GF Value™ of €58.31. GuruFocus considers Meritage Homes to be Modestly Overvalued.

Key valuation signals for FRA:MEY:

  • E10: €6.32
  • GF Value™: €58.31 vs. price of €72.00 (23.5% above fair value)
  • GF Score™: 79/100 with 11 warning signs

No single metric tells the full story. See the FRA:MEY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Meritage Homes Business Description

Other Exchanges MTH:USA
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 twelve states: Arizona, California, Colorado, Utah, Tennessee, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, and South Carolina. 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.
79GF Score

Get the complete analysis for FRA:MEY

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€72.00
Price
€58.31
GF Value