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Meritage HomesMTH +0.75%78 Shiller PE Ratio is 9.26 as of Aug. 29, 2026, which is 37% below its 10-year median of 14.70. GuruFocus rates MTH with a GF Score™ of 78/100 and a GF Value™ of $70.19 (Fairly Valued). The stock has 5 warning signs investors should review. Among 64 Homebuilding & Construction companies, Meritage Homes ranks better than 60.94% on this metric.
As of today (2026-08-29), Meritage Homes's current share price is $71.06. Meritage Homes's E10 for the quarter that ended in Jun. 2026 was $7.67. Meritage Homes's Shiller PE Ratio for today is 9.26.
The historical rank and industry rank for Meritage Homes's Shiller PE Ratio or its related term are showing as below:
MTH'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.28 Med: 14.7 Max: 86.53
Current: 9.26
During the past years, Meritage Homes's highest Shiller PE Ratio was 86.53. The lowest was 7.28. And the median was 14.70.
MTH's Shiller PE Ratio is ranked better than 60.94% of 64
companies
in the Homebuilding & Construction industry
Industry Median: 10.39
vs MTH: 9.26
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio 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 Jun. 2026 was $1.370. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $7.67 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Meritage Homes (NYSE:MTH) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Meritage Homes Shiller PE Ratio Related Terms
Meritage Homes Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Meritage Homes's Shiller PE Ratio 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.
MTH vs SKY, CVCO, MHO: Shiller PE Ratio 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.
For Shiller PE Ratio, 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 PE Ratio is also called PE10.
The Shiller PE Ratio 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 PE Ratio for today 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.
Meritage Homes's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, Meritage Homes's adjusted earnings per share data for the three months ended in Jun. 2026 was:
Add all the adjusted EPS together and divide 10 will get our 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.
Meritage Homes (MTH) has a Shiller PE Ratio of 9.26 as of Aug. 29, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Meritage Homes and its competitors. This is 37% below median its historical median of 14.70. Over the past decade, Meritage Homes' Shiller PE Ratio has ranged from 7.28 to 86.53. According to the industry distribution chart, Meritage Homes ranks #25 out of 64 companies in the Homebuilding & Construction industry, placing it in the top 39.1%.
Is Meritage Homes' Shiller PE Ratio too high?
Meritage Homes' current Shiller PE Ratio of 9.26 is 37% below median its 10-year median of 14.70. Over the past 10 years, this metric has ranged from a low of 7.28 to a high of 86.53. The Homebuilding & Construction industry median Shiller PE Ratio is 10.39. Meritage Homes' value of 9.26 is 10.9% below this industry median. Based on the distribution chart, Meritage Homes ranks #25 out of 64 companies in the Homebuilding & Construction industry, which is above the industry midpoint. Overall, Meritage Homes has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Meritage Homes' Shiller PE Ratio compare to SKY and CVCO?
According to the Homebuilding & Construction industry distribution chart, Meritage Homes ranks #25 out of 64 companies for Shiller PE Ratio. This puts Meritage Homes in the upper half of its industry. The industry median Shiller PE Ratio is 10.39. Meritage Homes' value of 9.26 is 10.9% below this benchmark. Historically, Meritage Homes' own Shiller PE Ratio has ranged from 7.28 to 86.53 over the past decade. While the company's 10-year median is 14.70 vs. the industry median of 10.39, Meritage Homes has consistently been below 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 Shiller PE Ratio for a Homebuilding & Construction company?
The median Shiller PE Ratio among Homebuilding & Construction companies is 10.39, based on 64 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Meritage Homes's current Shiller PE Ratio of 9.26 is 10.9% below 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Meritage Homes and its competitors. For the Homebuilding & Construction industry, the median Shiller PE Ratio is 10.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meritage Homes's current Shiller PE Ratio is 9.26, which is 37% below median its own 10-year median of 14.70. 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 (MTH) is currently considered Fairly Valued. The stock's GF Value™ is $70.19, compared to a current price of $71.06 — trading 1.2% above its estimated fair value. The current Shiller PE Ratio is 9.26, which is 37% below median its 10-year median of 14.70 and 10.9% below the Homebuilding & Construction industry median of 10.39. Meritage Homes' overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Meritage Homes (MTH), the current Shiller PE Ratio is 9.26 as of Aug. 29, 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 (MTH) Overvalued in 2026?
Based on GuruFocus' analysis, Meritage Homes stock appears to be overvalued.
The current stock price of $71.06 is trading 1.2% above its estimated GF Value™ of $70.19.
GuruFocus considers Meritage Homes to be Fairly Valued.
Key valuation signals for MTH:
Shiller PE Ratio: 9.26 (37% below median its 10-year median of 14.70)
GF Value™: $70.19 vs. price of $71.06 (1.2% above fair value)
Industry Position: 10.9% below the Homebuilding & Construction median (#25 of 64)
No single metric tells the full story. See the MTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
78GF Score
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