Meritage Corporation (MTH · NYSE)
MTH · MARKET VIEW
Market view · as of Sep 28, 2026
Price (last ~year)
Meritage Homes (MTH, $64.98) has fallen 19.7% over three months and sits 23.2% below its 52-week high, with revenue down 13.8% and earnings down 32.8% year over year. The stock trades at 13.54x earnings, 0.856x book, and a PEG of 0.539, though returns are modest (ROE 6.4%, operating margin 8.2%) and backlog has declined at an average annual rate of 27.6% over the past two years. Leverage stands at 4.3x debt/EBITDA against $807.3M in cash, and the company generated $183.9M in free cash flow in the quarter ended June 30, 2026. Sentiment has soured — Truist downgraded to Hold with a $72 target, Evercore cut its target to $65, and Truist expects higher homebuyer incentives amid elevated mortgage rates.
Valuation
- Market cap
- $4.24B
- P/E
- 13.54
- PEG
- 0.539
- P/B
- 0.856
- P/S
- 0.785
- EV/EBITDA
- 12.02
- Beta
- 1.357
- Analyst target
- $80.38
Quality & returns
- Gross margin
- 18.3%
- Operating margin
- 8.2%
- Profit margin
- 6.1%
- ROE
- 6.4%
- ROA
- 3.4%
Price movement
- Last
- $64.98
- 1-month
- -7.2%
- 3-month
- -19.7%
- RSI (14)
- 45
- vs SMA200
- -5.7%
- 52-wk position
- 26.4% -23.2% vs high
Quarterly trajectory
Revenue by quarter (oldest → newest)
| Quarter | Revenue | Op income | Net income | EBITDA |
|---|---|---|---|---|
| 2026-06-30 | $1.47B | $184.0M | $90.6M | $182.3M |
| 2026-03-31 | $1.12B | $65.3M | $55.3M | $78.5M |
| 2025-12-31 | $1.44B | $86.3M | $84.0M | $109.8M |
| 2025-09-30 | $1.42B | $120.1M | $99.3M | $134.2M |
Recent news
- Somewhat-Bearish Evercore Maintains Meritage Homes(MTH.US) With Hold Rating, Cuts Target Price to $65 · 2026-09-26
- Bearish Meritage Homes stock falls 3.83 percent as revenue declines · 2026-09-24
- Somewhat-Bearish Meritage Homes stock trades at USD 64.37 as backlog shrinks · 2026-09-23
- Somewhat-Bullish Meritage Homes (MTH) Looks Undervalued On Paper, Is The Pullback A Buying Opportunity? · 2026-09-21
- Neutral Meritage Homes Likely to Increase Homebuyer Incentives Amid High Mortgage Rates, Truist Says · 2026-09-16
- Somewhat-Bearish Meritage Homes Shares Fall 2.3% in Premarket Trading After Truist Downgrade · 2026-09-16
Sources this view read
- fundamentals Company overview & valuation (Alpha Vantage OVERVIEW)
- filing Quarterly financial statements (Alpha Vantage INCOME/BALANCE/CASH)
- earnings Reported earnings history (Alpha Vantage EARNINGS)
- prices Adjusted daily prices (Alpha Vantage TIME_SERIES_DAILY_ADJUSTED)