PulteGroup, Inc. (PHM) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Residential Construction
EV/EBITDA
↑
7.97
↑+33% vs avg
5yr avg: 5.99
30Y Low3.5·High31.7
P/FCF
↓
13.95
-6% vs avg
5yr avg: 14.83
30Y Low2.3·High76.3
P/B Ratio
↓
1.95
+7% vs avg
5yr avg: 1.82
30Y Low0.6·High3.2
ROE
↓
17.7%
↑-33% vs avg
5yr avg: 26.3%
30Y Low-41%·High77%
Debt/EBITDA
↓
0.77
↓-3% vs avg
5yr avg: 0.80
30Y Low0.6·High10.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PHM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
PulteGroup, Inc. trades at 11.4x earnings, 48% above its 5-year average of 7.7x, sitting at the 72nd percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a discount of 46%. On a free-cash-flow basis, the stock trades at 14.0x P/FCF, 6% below the 5-year average of 14.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $24.4B | $23.4B | $22.9B | $22.8B | $10.8B | $14.9B | $11.6B | $10.7B | $7.4B | $10.2B | $6.3B |
| Enterprise Value | $24.8B | $23.8B | $23.5B | $23.6B | $12.5B | $15.8B | $12.3B | $12.7B | $9.6B | $13.3B | $9.0B |
| P/E Ratio → | 11.42 | 10.54 | 7.41 | 8.81 | 4.14 | 7.69 | 8.32 | 10.60 | 7.24 | 23.09 | 10.50 |
| P/S Ratio | 1.41 | 1.35 | 1.27 | 1.42 | 0.67 | 1.08 | 1.05 | 1.05 | 0.73 | 1.19 | 0.82 |
| P/B Ratio | 1.95 | 1.80 | 1.89 | 2.20 | 1.21 | 1.98 | 1.77 | 1.96 | 1.54 | 2.46 | 1.35 |
| P/FCF | 13.95 | 13.38 | 14.63 | 10.85 | 19.35 | 15.95 | 6.73 | 10.48 | 5.32 | 16.17 | 217.02 |
| P/OCF | 13.04 | 12.50 | 13.59 | 10.39 | 16.09 | 14.80 | 6.51 | 9.91 | 5.11 | 15.39 | 92.11 |
P/E links to full P/E history page with 30-year chart
PHM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
PulteGroup, Inc.'s enterprise value stands at 8.0x EBITDA, 33% above its 5-year average of 6.0x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 35% 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 | — | 1.37 | 1.31 | 1.47 | 0.78 | 1.15 | 1.12 | 1.24 | 0.95 | 1.56 | 1.18 |
| EV / EBITDA | 7.97 | 7.65 | 5.92 | 6.79 | 3.55 | 6.03 | 6.79 | 9.11 | 6.91 | 13.23 | 8.76 |
| EV / EBIT | 8.27 | 8.17 | 5.87 | 6.84 | 3.63 | 6.31 | 7.10 | 9.47 | 7.16 | 14.20 | 9.66 |
| EV / FCF | — | 13.61 | 15.07 | 11.21 | 22.44 | 17.01 | 7.13 | 12.44 | 6.94 | 21.14 | 311.51 |
PHM Profitability
Margins and return-on-capital ratios measuring operating efficiency
PulteGroup, Inc. earns an operating margin of 17.3%, significantly above the Consumer Cyclical sector average of 2.0%. Operating margins have compressed from 21.1% to 17.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 17.7% indicates solid capital efficiency, compared to the sector median of 5.3%. ROIC of 17.2% 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 | 26.4% | 26.4% | 29.1% | 29.4% | 30.2% | 27.5% | 25.2% | 23.5% | 23.3% | 21.7% | 25.4% |
| Operating Margin | 17.3% | 17.3% | 21.7% | 21.1% | 21.5% | 18.6% | 15.8% | 13.1% | 13.2% | 11.2% | 12.7% |
| Net Profit Margin | 12.8% | 12.8% | 17.2% | 16.2% | 16.4% | 14.2% | 12.7% | 10.0% | 10.0% | 5.2% | 7.9% |
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 | 17.7% | 17.7% | 27.4% | 27.0% | 31.9% | 27.7% | 23.4% | 19.8% | 22.8% | 10.1% | 12.8% |
| ROA | 12.5% | 12.5% | 18.4% | 16.9% | 18.6% | 15.2% | 12.3% | 9.7% | 10.3% | 4.5% | 6.2% |
| ROIC | 17.2% | 17.2% | 24.3% | 23.4% | 27.0% | 24.4% | 17.8% | 13.8% | 14.1% | 9.8% | 10.7% |
| ROCE | 20.0% | 20.0% | 28.2% | 27.6% | 32.3% | 27.3% | 20.2% | 16.6% | 18.0% | 12.9% | 13.6% |
PHM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
PulteGroup, Inc. carries a Debt/EBITDA ratio of 0.8x, which is very conservative (84% below the sector average of 4.8x). Net debt stands at $394M ($2.4B total debt minus $2.0B cash). Interest coverage of 4812.1x 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 | 0.19 | 0.19 | 0.19 | 0.25 | 0.32 | 0.38 | 0.51 | 0.60 | 0.70 | 0.83 | 0.74 |
| Debt / EBITDA | 0.77 | 0.77 | 0.59 | 0.75 | 0.80 | 1.07 | 1.83 | 2.34 | 2.42 | 3.42 | 3.36 |
| Net Debt / Equity | — | 0.03 | 0.06 | 0.07 | 0.19 | 0.13 | 0.11 | 0.37 | 0.47 | 0.76 | 0.59 |
| Net Debt / EBITDA | 0.13 | 0.13 | 0.17 | 0.22 | 0.49 | 0.37 | 0.38 | 1.44 | 1.61 | 3.11 | 2.66 |
| Debt / FCF | — | 0.23 | 0.44 | 0.37 | 3.09 | 1.06 | 0.40 | 1.97 | 1.61 | 4.97 | 94.48 |
| Interest Coverage | 4812.10 | 4812.10 | 8364.00 | 7355.51 | 12112.12 | 5000.69 | 407.94 | 2294.79 | 2181.49 | 1867.46 | 1362.30 |
PHM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
PulteGroup, Inc.'s current ratio of 5.91x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 0.88x 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 4.87x to 5.91x 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 | 5.91 | 5.91 | 5.72 | 4.87 | 4.10 | 3.26 | 3.40 | 3.93 | 3.85 | 3.15 | 3.17 |
| Quick Ratio | 0.88 | 0.88 | 0.79 | 0.76 | 0.47 | 0.62 | 0.91 | 0.62 | 0.63 | 0.21 | 0.38 |
| Cash Ratio | 0.78 | 0.78 | 0.59 | 0.61 | 0.34 | 0.51 | 0.81 | 0.52 | 0.49 | 0.12 | 0.29 |
| Asset Turnover | — | 0.96 | 1.03 | 1.00 | 1.08 | 1.03 | 0.90 | 0.95 | 1.00 | 0.89 | 0.75 |
| Inventory Turnover | 0.99 | 0.99 | 0.93 | 0.91 | 0.94 | 1.05 | 1.03 | 0.98 | 1.04 | 0.90 | 0.82 |
| Days Sales Outstanding | — | 5.61 | 5.15 | 4.75 | 4.96 | 6.44 | 6.63 | 4.72 | 6.96 | 4.26 | 6.14 |
PHM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
PulteGroup, Inc. returns 5.7% to shareholders annually — split between a 0.7% dividend yield and 5.0% buyback yield. The payout ratio of 8.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 8.8% (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 | 0.7% | 0.8% | 0.7% | 0.6% | 1.3% | 1.0% | 1.1% | 1.1% | 1.4% | 1.1% | 2.0% |
| Payout Ratio | 8.0% | 8.0% | 5.4% | 5.5% | 5.5% | 7.6% | 9.3% | 12.0% | 10.2% | 25.2% | 20.7% |
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 | 8.8% | 9.5% | 13.5% | 11.4% | 24.2% | 13.0% | 12.0% | 9.4% | 13.8% | 4.3% | 9.5% |
| FCF Yield | 7.2% | 7.5% | 6.8% | 9.2% | 5.2% | 6.3% | 14.9% | 9.5% | 18.8% | 6.2% | 0.5% |
| Buyback Yield | 5.0% | 5.2% | 5.3% | 4.4% | 10.1% | 6.1% | 1.6% | 2.7% | 4.1% | 9.0% | 9.6% |
| Total Shareholder Yield | 5.7% | 6.0% | 6.1% | 5.1% | 11.5% | 7.1% | 2.7% | 3.8% | 5.5% | 10.1% | 11.6% |
| Shares Outstanding | — | $200M | $210M | $221M | $236M | $260M | $269M | $275M | $285M | $307M | $342M |
Peer Comparison
Compare PHM 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 |
|---|---|---|---|---|---|---|---|---|---|
 PHMYou | $24B | 11.4 | 8.0 | 14.0 | 26.4% | 17.3% | 17.7% | 17.2% | 0.8 |
 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 |
 NVR | $18B | 14.9 | 9.6 | 16.4 | 23.0% | 16.2% | 33.2% | 43.8% | 0.7 |
 TOL | $15B | 11.5 | 9.1 | 14.4 | 26.0% | 15.7% | 16.9% | 13.4% | 1.6 |
 MHO | $4B | 10.1 | 8.0 | 31.8 | 23.0% | 11.5% | 13.2% | 11.3% | 2.1 |
 KBH | $3B | 8.8 | 8.7 | 11.8 | 18.9% | 8.4% | 10.8% | 7.4% | 3.1 |
 TPH | $4B | 17.3 | 11.7 | 31.1 | 22.0% | 9.7% | 7.2% | 7.2% | 3.5 |
 TMHC | $7B | 9.2 | 7.2 | 8.3 | 23.0% | 14.0% | 12.8% | 11.0% | 2.1 |
 SKY | $5B | 22.8 | 15.6 | 17.0 | 26.4% | 9.5% | 13.7% | 17.6% | 0.4 |
 CVCO | $5B | 25.1 | 17.5 | 19.9 | 23.5% | 10.2% | 17.6% | 21.0% | 0.1 |
| 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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PHM — Frequently Asked Questions
Quick answers to the most common questions about buying PHM stock.
What is PulteGroup, Inc.'s P/E ratio?
PulteGroup, Inc.'s current P/E ratio is 11.4x. The historical average is 10.6x. This places it at the 72th percentile of its historical range.
What is PulteGroup, Inc.'s EV/EBITDA?
PulteGroup, 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 9.3x.
What is PulteGroup, Inc.'s ROE?
PulteGroup, Inc.'s return on equity (ROE) is 17.7%. The historical average is 11.6%.
Is PHM stock overvalued?
Based on historical data, PulteGroup, Inc. is trading at a P/E of 11.4x. This is at the 72th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is PulteGroup, Inc.'s dividend yield?
PulteGroup, Inc.'s current dividend yield is 0.70% with a payout ratio of 8.0%.
What are PulteGroup, Inc.'s profit margins?
PulteGroup, Inc. has 26.4% gross margin and 17.3% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does PulteGroup, Inc. have?
PulteGroup, Inc.'s Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.