Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
KB HomeMEX:KBH 80 Owner Earnings per Share (TTM) is 80.40 as of May. 2026, which is 552% above its 10-year median of 12.34. GuruFocus rates MEX:KBH with a GF Score™ of 80/100 and a GF Value™ of MXN1,068.23. The stock has 5 warning signs investors should review. Among 53 Homebuilding & Construction companies, KB Home ranks better than 56.6% on this metric.
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
KB Home's Owner Earnings per Share (TTM) ended in May. 2026 was MXN80.40. It's Price-to-Owner-Earnings ratio for today is 12.56.
The historical rank and industry rank for KB Home's Owner Earnings per Share (TTM) or its related term are showing as below:
MEX:KBH'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 2.98 Med: 12.34 Max: 302.04
Current: 12.56
During the past 13 years, the highestPrice-to-Owner-Earnings ratio of KB Home was 302.04. The lowest was 2.98. And the median was 12.34.
MEX:KBH's Price-to-Owner-Earnings is ranked better than 56.6% of 53
companies
in the Homebuilding & Construction industry
Industry Median: 13.41
vs MEX:KBH: 12.56
Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.
Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.
KB Home Owner Earnings per Share (TTM) Related Terms
KB Home Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for KB Home's Owner Earnings per Share (TTM) 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.
MEX:KBH vs GRBK, MHO, CVCO: Owner Earnings per Share (TTM) Comparison
For the Residential Construction subindustry, KB Home's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.
KB Home Price-to-Owner-Earnings vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, KB Home's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where KB Home's Price-to-Owner-Earnings falls into.
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income.
KB Home's Change In Deferred Tax for the trailing twelve months (TTM) ended in May. 2026 was MXN0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = MXN666 Mil
It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.
The following shows how to get maintenance capital expenditure.
First, calculate the revenue change regarding to the previous quarter. If the revenue decreased from the previous quarter, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous quarter, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.
KB Home's 5-Year Average Maintenance Capital Expenditure = MXN666 Mil
5. "Change In Working Capital" is from cashflow statement. KB Home's Change In Working Capital for the trailing twelve months (TTM) ended in May. 2026 was MXN223 Mil.
Note: GuruFocus' Change in Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And sometimes it includes non-current parts of assets and liabilities.
* 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.
What does a Owner Earnings per Share (TTM) of 80.40 mean?
KB Home (MEX:KBH) has a Owner Earnings per Share (TTM) of 80.40 as of May. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on KB Home. This is 552% above median its historical median of 12.34. Over the past decade, KB Home's Owner Earnings per Share (TTM) has ranged from 2.98 to 302.04. According to the industry distribution chart, KB Home ranks #23 out of 53 companies in the Homebuilding & Construction industry, placing it in the top 43.4%.
Is KB Home's Owner Earnings per Share (TTM) too high?
KB Home's current Owner Earnings per Share (TTM) of 80.40 is 552% above median its 10-year median of 12.34. Over the past 10 years, this metric has ranged from a low of 2.98 to a high of 302.04. The Homebuilding & Construction industry median Owner Earnings per Share (TTM) is 13.41. KB Home's value of 80.40 is 499.6% above this industry median. Based on the distribution chart, KB Home ranks #23 out of 53 companies in the Homebuilding & Construction industry, which is above the industry midpoint. Overall, KB Home has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does KB Home's Owner Earnings per Share (TTM) compare to GRBK and MHO?
According to the Homebuilding & Construction industry distribution chart, KB Home ranks #23 out of 53 companies for Owner Earnings per Share (TTM). This puts KB Home in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 13.41. KB Home's value of 80.40 is 499.6% above this benchmark. Historically, KB Home's own Owner Earnings per Share (TTM) has ranged from 2.98 to 302.04 over the past decade. While the company's 10-year median is 12.34 vs. the industry median of 13.41, KB Home has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Owner Earnings per Share (TTM) for a Homebuilding & Construction company?
The median Owner Earnings per Share (TTM) among Homebuilding & Construction companies is 13.41, based on 53 companies in the industry. Companies in the top quartile (top 25%) have a Owner Earnings per Share (TTM) significantly above this median, while those in the bottom quartile fall well below. However, Owner Earnings per Share (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. KB Home's current Owner Earnings per Share (TTM) of 80.40 is 499.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Owner Earnings per Share (TTM) mean?
A high Owner Earnings per Share (TTM) can signal that a stock is expensive relative to its fundamentals. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on KB Home. For the Homebuilding & Construction industry, the median Owner Earnings per Share (TTM) is 13.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KB Home's current Owner Earnings per Share (TTM) is 80.40, which is 552% above median its own 10-year median of 12.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KB Home stock overvalued right now?
KB Home (MEX:KBH) has a current Owner Earnings per Share (TTM) of 80.40. The stock's GF Value™ is MXN1,068.23, compared to a current price of MXN1,010.00 — trading 5.5% below its estimated fair value. The current Owner Earnings per Share (TTM) is 80.40, which is 552% above median its 10-year median of 12.34 and 499.6% above the Homebuilding & Construction industry median of 13.41. KB Home's overall GF Score™ is 80/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Owner Earnings per Share (TTM) calculated?
Owner Earnings per Share (TTM) is calculated from a company's financial statements. For KB Home (MEX:KBH), the current Owner Earnings per Share (TTM) is 80.40 as of May. 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 KB Home (MEX:KBH) Overvalued in 2026?
Based on GuruFocus' analysis, KB Home stock appears to be undervalued.
The current stock price of MXN1,010.00 is trading 5.5% below its estimated GF Value™ of MXN1,068.23.
Key valuation signals for MEX:KBH:
Owner Earnings per Share (TTM): 80.40 (552% above median its 10-year median of 12.34)
GF Value™: MXN1,068.23 vs. price of MXN1,010.00 (5.5% below fair value)
Industry Position: 499.6% above the Homebuilding & Construction median (#23 of 53)
No single metric tells the full story. See the MEX:KBH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KB Home is an American construction company that focuses on residential construction in the United States. The company builds single-family homes and communities across different geographical segments which include the West Coast which also derives the majority of the revenue, Southwest, Central, and Southeast. The company operates in several markets and focuses on first-time and move-up homebuyers. It also invests in land acquisition and development to support future building activities and is also engaged in financial services operations which includes providing mortgage banking services through its joint venture with a third party.
80GF Score
Get the complete analysis for MEX:KBH
Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:KBH has been successfully added to your 
