M/I Homes Inc (MHO) Fair Value & Analysis
Consumer Cyclical · US · Market cap $3.9B · ISIN US55305B1017
What is M/I Homes Inc really worth?
M/I Homes Inc
MHO · US
A solid business, trading 17% below our fair value of $177.41.
Strengths
Risks
Fair value as of: Sep 2, 2026
From 26 valuation models · updated 2 days ago
Share price −1.8% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The model range is unusually wide ($108.63 to $291.91). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 2, 2026.
How to read this chart
60‑month range $35.67 – $174.92 · fair‑value band $108.63 – $291.91 · the $147.48 price screens below the $177.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 2, 2026.
Analysis
M/I Homes Inc (MHO) currently trades at $147.48, while our model-based Fair Value estimate is $177.41, implying the stock looks roughly 16.9% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Growth Earnings group reads highest at a median of $271.32 per share, and 19 of the 26 models we run sit above the $147.48 price. Bear case: the Dividend Discount group reads lowest at $19.97, and 7 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, M/I Homes Inc generated revenue of $4.4B at a net margin of 8.2%. Revenue declined 5.7% year over year. It earns a return on equity of 11.6%. Net debt stands at $397M. Fundamentals as of Sep 2, 2026
Our scenario range runs from $108.63 (bear case) to $291.91 (bull case); at $147.48, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 7% below its 52-week high and 42% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 45% fair-value upside, at 20%, MHO screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $9.04 per share, which is 5.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings ($271.32) versus Dividend Discount ($19.97). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 45
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
M/I Homes, Inc., together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.
Full company description
M/I Homes, Inc., together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments. It also designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, move-up, empty-nester, multi-generational, and luxury homebuyers under the M/I Homes brand name. In addition, the company purchases undeveloped land to develop into developed lots for the construction of single-family homes, as well as for sale to others. Further, it originates and sells mortgages; and serves as a title insurance agent by providing title insurance policies, examination, and closing services to purchasers of its homes. The company was formerly known as M/I Schottenstein Homes, Inc. and changed its name to M/I Homes, Inc. in January 2004. M/I Homes, Inc. was founded in 1976 and is based in Columbus, Ohio.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
M/I Homes Inc reported revenue of $4.4B in FY2025 versus $3.7B in FY2021, a compound +4.2%/yr. Reported net income was $403M in FY2025, compounding +0.4%/yr from FY2021.
of which total revenue +13.0 % · buybacks/dilution +0.7 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Zacks Industry Outlook PulteGroup, M/I Homes and Century
- Zonda and M/I Homes Partner on the 2027 Virtual Concept Home
- M/I Homes Announces $250 Million Share Repurchase Authorization
- Are Investors Undervaluing MI Homes (MHO) Right Now?
Peer Group
Residential Construction · 65 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Residential Construction median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Residential Construction stocks, each showing price versus our Fair Value estimate (as of Sep 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| D.R. Horton, Inc DHI | $145.26 | $213.23 | +47% |
| PulteGroup, Inc PHM | $126.75 | $190.17 | +50% |
| Lennar Corporation LEN | $85.11 | $116.80 | +37% |
| NVR, Inc NVR | $6,396 | $7,821 | +22% |
| Toll Brothers, Inc TOL | $146.22 | $221.32 | +51% |
| Taylor Morrison Home Corporation TMHC | $72.45 | $136.88 | +89% |
| Installed Building Products, Inc IBP | $237.70 | $209.51 | −12% |
| Meritage Homes Corporation MTH | $71.06 | $102.94 | +45% |
| Champion Homes, Inc SKY | $93.88 | $75.12 | −20% |
| Cavco Industries, Inc CVCO | $598.38 | $421.10 | −30% |
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