M/I Homes, Inc. (MHO) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Residential Construction
EV/EBITDA
↑
8.05
↑+44% vs avg
5yr avg: 5.58
30Y Low3.1·High23.0
P/FCF
↑
31.82
↑+93% vs avg
5yr avg: 16.48
30Y Low0.7·High36.0
P/B Ratio
↓
1.29
+12% vs avg
5yr avg: 1.15
30Y Low0.3·High1.6
ROE
↓
13.2%
↑-39% vs avg
5yr avg: 21.6%
30Y Low-54%·High37%
Debt/EBITDA
↑
2.06
↑+22% vs avg
5yr avg: 1.69
30Y Low0.7·High16.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MHO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
M/I Homes, Inc. trades at 10.1x earnings, 62% above its 5-year average of 6.3x, sitting at the 76th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a discount of 52%. On a free-cash-flow basis, the stock trades at 31.8x P/FCF, 93% above the 5-year average of 16.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.8B | $3.5B | $3.8B | $4.0B | $1.3B | $1.9B | $1.3B | $1.1B | $613M | $1.1B | $758M |
| Enterprise Value | $4.2B | $3.9B | $4.0B | $4.1B | $2.0B | $2.6B | $2.0B | $1.9B | $1.4B | $1.7B | $1.4B |
| P/E Ratio → | 10.11 | 8.68 | 6.75 | 8.50 | 2.68 | 4.68 | 5.38 | 8.78 | 5.70 | 15.22 | 13.68 |
| P/S Ratio | 0.87 | 0.79 | 0.84 | 0.98 | 0.32 | 0.50 | 0.42 | 0.45 | 0.27 | 0.54 | 0.45 |
| P/B Ratio | 1.29 | 1.10 | 1.29 | 1.57 | 0.63 | 1.14 | 1.03 | 1.12 | 0.72 | 1.41 | 1.16 |
| P/FCF | 31.82 | 28.97 | 22.19 | 7.24 | 7.52 | — | 8.24 | 18.34 | — | — | 35.95 |
| P/OCF | 29.47 | 26.84 | 21.16 | 7.16 | 7.14 | — | 7.67 | 17.07 | — | — | 22.18 |
P/E links to full P/E history page with 30-year chart
MHO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
M/I Homes, Inc.'s enterprise value stands at 8.0x EBITDA, 44% above its 5-year average of 5.6x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 34% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.88 | 0.89 | 1.03 | 0.48 | 0.70 | 0.64 | 0.76 | 0.62 | 0.87 | 0.81 |
| EV / EBITDA | 8.05 | 7.40 | 5.57 | 6.94 | 3.07 | 4.95 | 5.84 | 9.19 | 8.08 | 10.90 | 11.08 |
| EV / EBIT | 8.37 | 7.13 | 5.48 | 6.82 | 3.14 | 5.08 | 6.11 | 10.07 | 8.27 | 11.92 | 12.31 |
| EV / FCF | — | 32.26 | 23.45 | 7.58 | 11.46 | — | 12.48 | 30.89 | — | — | 64.56 |
MHO Profitability
Margins and return-on-capital ratios measuring operating efficiency
M/I Homes, Inc. earns an operating margin of 11.5%, above the Consumer Cyclical sector average of 2.0%. Operating margins have compressed from 14.4% to 11.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 13.2% is modest. ROIC of 11.3% represents solid returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.0% | 23.0% | 26.6% | 25.2% | 25.3% | 24.3% | 22.5% | 19.8% | 19.4% | 20.0% | 19.5% |
| Operating Margin | 11.5% | 11.5% | 15.7% | 14.4% | 15.4% | 13.8% | — | 7.7% | 7.1% | 7.5% | 6.7% |
| Net Profit Margin | 9.1% | 9.1% | 12.5% | 11.6% | 11.9% | 10.6% | 7.9% | 5.1% | 4.7% | 3.7% | 3.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.2% | 13.2% | 20.7% | 20.3% | 26.6% | 27.5% | 21.2% | 13.7% | 13.4% | 10.3% | 9.1% |
| ROA | 8.6% | 8.6% | 13.2% | 12.0% | 14.1% | 13.5% | 10.1% | 6.2% | 5.5% | 4.2% | 3.8% |
| ROIC | 11.3% | 11.3% | 18.1% | 16.0% | 18.5% | 18.0% | — | 8.4% | 8.0% | 8.2% | 6.9% |
| ROCE | 11.4% | 11.4% | 17.6% | 16.3% | 20.3% | 19.7% | — | 10.1% | 9.1% | 9.3% | 8.3% |
MHO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
M/I Homes, Inc. carries a Debt/EBITDA ratio of 2.1x, which is manageable (57% below the sector average of 4.8x). Net debt stands at $397M ($1.1B total debt minus $689M cash). Interest coverage of 27.3x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.34 | 0.34 | 0.35 | 0.36 | 0.48 | 0.62 | 0.73 | 0.77 | 0.96 | 1.08 | 0.97 |
| Debt / EBITDA | 2.06 | 2.06 | 1.44 | 1.54 | 1.53 | 1.90 | 2.76 | 3.76 | 4.69 | 5.14 | 5.19 |
| Net Debt / Equity | — | 0.13 | 0.07 | 0.07 | 0.33 | 0.48 | 0.53 | 0.76 | 0.93 | 0.88 | 0.92 |
| Net Debt / EBITDA | 0.75 | 0.75 | 0.30 | 0.31 | 1.06 | 1.46 | 1.98 | 3.73 | 4.57 | 4.18 | 4.91 |
| Debt / FCF | — | 3.29 | 1.25 | 0.34 | 3.94 | — | 4.24 | 12.55 | — | — | 28.61 |
| Interest Coverage | 27.28 | 27.28 | 26.66 | — | 283.31 | 240.40 | 33.02 | 8.77 | 8.34 | 7.61 | 6.29 |
MHO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
M/I Homes, Inc.'s current ratio of 24.19x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 5.51x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 13.10x to 24.19x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 24.19 | 24.19 | 15.98 | 13.10 | 10.75 | 8.41 | 9.34 | 12.11 | 11.41 | 12.10 | 11.20 |
| Quick Ratio | 5.51 | 5.51 | 4.44 | 3.44 | 1.96 | 1.45 | 2.09 | 1.19 | 1.17 | 2.25 | 1.50 |
| Cash Ratio | 3.80 | 3.80 | 3.07 | 2.53 | 0.97 | 0.67 | 1.01 | 0.04 | 0.13 | 1.06 | 0.27 |
| Asset Turnover | — | 0.92 | 0.99 | 1.00 | 1.11 | 1.16 | 1.15 | 1.19 | 1.13 | 1.05 | 1.09 |
| Inventory Turnover | 1.00 | 1.00 | 1.07 | 1.08 | 1.09 | 1.16 | 1.26 | 1.15 | 1.10 | 1.11 | 1.12 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
MHO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
M/I Homes, Inc. returns 5.3% to shareholders annually primarily through share buybacks. The earnings yield of 9.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | 0.3% | 0.6% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.9% | 11.5% | 14.8% | 11.8% | 37.3% | 21.4% | 18.6% | 11.4% | 17.6% | 6.6% | 7.3% |
| FCF Yield | 3.1% | 3.5% | 4.5% | 13.8% | 13.3% | — | 12.1% | 5.5% | — | — | 2.8% |
| Buyback Yield | 5.3% | 5.8% | 4.7% | 1.7% | 4.2% | 2.8% | 0.1% | 0.5% | 4.2% | 4.8% | 0.0% |
| Total Shareholder Yield | 5.3% | 5.8% | 4.7% | 1.7% | 4.2% | 2.8% | 0.1% | 0.5% | 4.2% | 5.1% | 0.6% |
| Shares Outstanding | — | $27M | $29M | $29M | $28M | $30M | $29M | $28M | $29M | $31M | $30M |
Peer Comparison
Compare MHO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MHOYou | $4B | 10.1 | 8.0 | 31.8 | 23.0% | 11.5% | 13.2% | 11.3% | 2.1 |
 SKY | $5B | 22.8 | 15.6 | 17.0 | 26.4% | 9.5% | 13.7% | 17.6% | 0.4 |
 TMHC | $7B | 9.2 | 7.2 | 8.3 | 23.0% | 14.0% | 12.8% | 11.0% | 2.1 |
 GRBK | $3B | 10.6 | 8.1 | 15.4 | 30.3% | 19.5% | 17.3% | 15.4% | 0.8 |
 CCS | $2B | 13.0 | 7.8 | 14.8 | 21.4% | 9.2% | 5.7% | 7.2% | 3.6 |
 LGIH | $1B | 18.2 | 34.6 | — | 20.7% | 4.7% | 3.5% | 1.7% | 19.7 |
 DBRG | $3B | 34.3 | 8.0 | 11.1 | 87.5% | 68.7% | 5.7% | 9.8% | 0.9 |
 DHI | $46B | 13.6 | 10.8 | 13.9 | 23.7% | 12.9% | 14.2% | 12.1% | 1.3 |
 LEN | $22B | 11.2 | 8.6 | 790.5 | 9.9% | 8.0% | 8.3% | 7.9% | 2.2 |
 PHM | $24B | 11.4 | 8.0 | 14.0 | 26.4% | 17.3% | 17.7% | 17.2% | 0.8 |
 NVR | $18B | 14.9 | 9.6 | 16.4 | 23.0% | 16.2% | 33.2% | 43.8% | 0.7 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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MHO — Frequently Asked Questions
Quick answers to the most common questions about buying MHO stock.
What is M/I Homes, Inc.'s P/E ratio?
M/I Homes, Inc.'s current P/E ratio is 10.1x. The historical average is 9.2x. This places it at the 76th percentile of its historical range.
What is M/I Homes, Inc.'s EV/EBITDA?
M/I Homes, Inc.'s current EV/EBITDA is 8.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.4x.
What is M/I Homes, Inc.'s ROE?
M/I Homes, Inc.'s return on equity (ROE) is 13.2%. The historical average is 10.8%.
Is MHO stock overvalued?
Based on historical data, M/I Homes, Inc. is trading at a P/E of 10.1x. This is at the 76th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are M/I Homes, Inc.'s profit margins?
M/I Homes, Inc. has 23.0% gross margin and 11.5% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does M/I Homes, Inc. have?
M/I Homes, Inc.'s Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.