Meritage Corporation (MTH) Fair Value & Analysis
Consumer Cyclical · US · Market cap $5.0B · ISIN US59001A1025
What is Meritage Corporation really worth?
Meritage Corporation
MTH · US
A solid business, trading 38% below our fair value of $107.97.
Strengths
Risks
For context
Fair value as of: Aug 30, 2026
From 26 valuation models · updated 6 days ago
Fair value updated Aug 30, 2026, revised from $102.94 to $107.97 (+4.9%) since Aug 27, 2026. Share price −9.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range ($65.95 to $150.40) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.
How to read this chart
60‑month range $30.46 – $102.33 · fair‑value band $65.95 – $150.40 · the $67.47 price screens below the $107.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 30, 2026.
Analysis
Meritage Corporation (MTH) currently trades at $67.47, while our model-based Fair Value estimate is $107.97, implying the stock looks roughly 37.5% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Growth Earnings group reads highest at a median of $315.54 per share, and 19 of the 26 models we run sit above the $67.47 price. Bear case: the Growth DCF group reads lowest at $23.65, and 7 of the 26 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Meritage Corporation generated revenue of $5.6B at a net margin of 6.9%. Revenue declined 17.7% year over year. It earns a return on equity of 7.5%. Net debt stands at $1.1B. Fundamentals as of Aug 30, 2026
Our scenario range runs from $65.95 (bear case) to $150.40 (bull case); at $67.47, 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 19% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 37% fair-value upside, at 60%, MTH screens cheaper 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 $2.52 per share, which is 2.3 % 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 ($315.54) versus Growth DCF ($23.65). Highest evidence: EPV (74).
Notify me when MTH reaches fair value
Put MTH on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 38
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
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments: Homebuilding and Financial Services.
Full company description
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments: Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee. The company also provides title and escrow, mortgage, insurance, title insurance, and closing/settlement services to its homebuyers. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Meritage Corporation reported revenue of $5.9B in FY2025 versus $5.1B in FY2021, a compound +3.3%/yr. Reported net income was $453M in FY2025, compounding −11.5%/yr from FY2021.
of which total revenue +10.0 % · buybacks/dilution −5.9 %
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).
Watch MTH: get an alert when its fair value changes →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Q2 Rundown: Meritage Homes (NYSE:MTH) Vs Other Home Builders Stocks
- Meritage (MTH) Down 0.4% Since Last Earnings Report: Can It Rebound?
- Meritage Homes Publishes Its Annual Sustainability and Corporate Responsibility Data Update
- KB Home, Meritage Homes, and LGI Homes Shares Plummet, What You Need To Know
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: 45/100
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 Aug 30, 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% |
| Champion Homes, Inc SKY | $93.88 | $75.12 | −20% |
| Cavco Industries, Inc CVCO | $598.38 | $421.10 | −30% |
| M/I Homes, Inc MHO | $148.81 | $177.41 | +19% |
Compare Meritage Corporation with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Consumer Cyclical stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Meritage Corporation (MTH) overvalued or undervalued?
What is the fair value of MTH?
What is the quality score of MTH?
What is the revenue of Meritage Corporation (MTH)?
What is the net profit margin of MTH?
Does Meritage Corporation pay a dividend?
Watch Meritage Corporation in the live analysis
One click puts Meritage Corporation on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.