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Meritage HomesMTH +1.00%79 3-Year Share Buyback Ratio is 2.30 as of Jun. 2026. GuruFocus rates MTH with a GF Score™ of 79/100 and a GF Value™ of $69.96 (Fairly Valued). The stock has 5 warning signs investors should review. Among 71 Homebuilding & Construction companies, Meritage Homes ranks better than 78.87% on this metric.
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Meritage Homes's current 3-Year Share Buyback Ratio was 2.30%.
The historical rank and industry rank for Meritage Homes's 3-Year Share Buyback Ratio or its related term are showing as below:
MTH'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -22.5 Med: -1.15 Max: 3.7
Current: 2.3
During the past 13 years, Meritage Homes's highest 3-Year Share Buyback Ratio was 3.70%. The lowest was -22.50%. And the median was -1.15%.
MTH's 3-Year Share Buyback Ratio is ranked better than 78.87% of 71
companies
in the Homebuilding & Construction industry
Industry Median: -0.1
vs MTH: 2.30
Meritage Homes (NYSE:MTH) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Meritage Homes 3-Year Share Buyback Ratio Related Terms
MTH vs SKY, CVCO, MHO: 3-Year Share Buyback Ratio Comparison
For the Residential Construction subindustry, Meritage Homes's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback 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 3-Year Share Buyback Ratio vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Meritage Homes's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Meritage Homes's 3-Year Share Buyback Ratio falls into.
Meritage Homes 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
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 average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of 2.30 mean?
Meritage Homes (MTH) has a 3-Year Share Buyback Ratio of 2.30 as of Jun. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Meritage Homes and its competitors. According to the industry distribution chart, Meritage Homes ranks #15 out of 71 companies in the Homebuilding & Construction industry, placing it in the top 21.1%.
Is Meritage Homes' 3-Year Share Buyback Ratio too high?
Meritage Homes' current 3-Year Share Buyback Ratio is 2.30. Based on the distribution chart, Meritage Homes ranks #15 out of 71 companies in the Homebuilding & Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Meritage Homes has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Meritage Homes' 3-Year Share Buyback Ratio compare to SKY and CVCO?
According to the Homebuilding & Construction industry distribution chart, Meritage Homes ranks #15 out of 71 companies for 3-Year Share Buyback Ratio. This places Meritage Homes in the top 21% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for a Homebuilding & Construction company?
A good 3-Year Share Buyback Ratio depends on the Homebuilding & Construction industry context. However, 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Meritage Homes and its competitors. Meritage Homes's current 3-Year Share Buyback Ratio is 2.30. 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 $69.96, compared to a current price of $73.62 — trading 5.2% above its estimated fair value. The current 3-Year Share Buyback Ratio is 2.30. Meritage Homes' overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Meritage Homes (MTH), the current 3-Year Share Buyback Ratio is 2.30 as of Jun. 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 $73.62 is trading 5.2% above its estimated GF Value™ of $69.96.
GuruFocus considers Meritage Homes to be Fairly Valued.
Key valuation signals for MTH:
3-Year Share Buyback Ratio: 2.30
GF Value™: $69.96 vs. price of $73.62 (5.2% above fair value)
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.
79GF Score
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3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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