(AMH) American Homes 4 Rent - Overview
Stock: Rental Homes, Property Management, Real Estate, Single-Family
| Risk 5d forecast | |
|---|---|
| Volatility | 33.1% |
| Relative Tail Risk | -2.02% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.76 |
| Alpha | -21.68 |
| Character TTM | |
|---|---|
| Beta | 0.433 |
| Beta Downside | 0.403 |
| Drawdowns 3y | |
|---|---|
| Max DD | 25.11% |
| CAGR/Max DD | 0.03 |
Description: AMH American Homes 4 Rent January 02, 2026
American Homes 4 Rent (NYSE: AMH) is a vertically integrated REIT that acquires, develops, renovates, leases, and manages single-family rental homes across the Southeast, Midwest, Southwest, and Mountain West. As of September 30 2025 the company owned more than 61,000 properties and has earned recognitions such as a 2025 Great Place to Work, a 2025 Top U.S. Homebuilder (Builder100), and a 2025 Most Trustworthy Company (Newsweek/Statista). The firm is internally managed out of Maryland and trades under the GICS sub-industry “Single-Family Residential REITs.”
Key operating metrics that analysts watch include an occupancy rate that has hovered around 96% in 2024-25, average rent growth of roughly 5% year-over-year, and adjusted funds-from-operations (AFFO) of about $1.25 per share in the most recent quarter. The sector is being driven by a persistent shortage of new home construction, demographic shifts favoring renting among millennials and Gen Z, and the sensitivity of REIT valuations to interest-rate movements-higher rates can compress cap rates and pressure share prices, while a tight rental supply supports rent-price momentum.
If you want a data-rich, side-by-side comparison of AMH’s valuation and risk profile, the ValueRay platform offers a concise dashboard that can help you dig deeper.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 449.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.04 > 1.0 |
| NWC/Revenue: -331.6% < 20% (prev -0.09%; Δ -331.6% < -1%) |
| CFO/TA 0.07 > 3% & CFO 820.7m > Net Income 449.2m |
| Net Debt (4.63b) to EBITDA (948.1m): 4.88 < 3 |
| Current Ratio: 0.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (370.2m) vs 12m ago 0.07% < -2% |
| Gross Margin: 55.97% > 18% (prev 0.56%; Δ 5542 % > 0.5%) |
| Asset Turnover: 10.79% > 50% (prev 12.92%; Δ -2.12% > 0%) |
| Interest Coverage Ratio: 2.40 > 6 (EBITDA TTM 948.1m / Interest Expense TTM 185.2m) |
Altman Z'' -2.38
| A: -0.37 (Total Current Assets 108.5m - Total Current Liabilities 4.74b) / Total Assets 12.47b |
| B: -0.03 (Retained Earnings -387.6m / Total Assets 12.47b) |
| C: 0.03 (EBIT TTM 444.8m / Avg Total Assets 12.93b) |
| D: -0.07 (Book Value of Equity -377.3m / Total Liabilities 5.53b) |
| Altman-Z'' Score: -2.38 = D |
Beneish M
| DSRI: none (Receivables none/49.0m, Revenue 1.40b/1.73b) |
| GMI: 0.99 (GM 55.97% / 55.61%) |
| AQI: none (AQ_t none / AQ_t-1 none) |
| SGI: 0.81 (Revenue 1.40b / 1.73b) |
| TATA: -0.03 (NI 449.2m - CFO 820.7m) / TA 12.47b) |
| Beneish M-Score: cannot calculate (missing components) |
What is the price of AMH shares?
Over the past week, the price has changed by -6.29%, over one month by -6.37%, over three months by -8.06% and over the past year by -12.06%.
Is AMH a buy, sell or hold?
- StrongBuy: 6
- Buy: 7
- Hold: 10
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the AMH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 36.6 | 24.1% |
| Analysts Target Price | 36.6 | 24.1% |
AMH Fundamental Data Overview February 23, 2026
P/E Forward = 35.7143
P/S = 6.7406
P/B = 1.6917
P/EG = 29.82
Revenue TTM = 1.40b USD
EBIT TTM = 444.8m USD
EBITDA TTM = 948.1m USD
Long Term Debt = 4.73b USD (from longTermDebt, two quarters ago)
Short Term Debt = 4.74b USD (from shortTermDebt, last quarter)
Debt = 4.74b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.63b USD (from netDebt column, last quarter)
Enterprise Value = 17.10b USD (12.47b + Debt 4.74b - CCE 108.5m)
Interest Coverage Ratio = 2.40 (Ebit TTM 444.8m / Interest Expense TTM 185.2m)
EV/FCF = 25.83x (Enterprise Value 17.10b / FCF TTM 661.9m)
FCF Yield = 3.87% (FCF TTM 661.9m / Enterprise Value 17.10b)
FCF Margin = 47.44% (FCF TTM 661.9m / Revenue TTM 1.40b)
Net Margin = 32.19% (Net Income TTM 449.2m / Revenue TTM 1.40b)
Gross Margin = 55.97% ((Revenue TTM 1.40b - Cost of Revenue TTM 614.3m) / Revenue TTM)
Gross Margin QoQ = none% (prev 55.07%)
Tobins Q-Ratio = 1.37 (Enterprise Value 17.10b / Total Assets 12.47b)
Interest Expense / Debt = 0.96% (Interest Expense 45.3m / Debt 4.74b)
Taxrate = 21.0% (US default 21%)
NOPAT = 351.4m (EBIT 444.8m * (1 - 21.00%))
Current Ratio = 0.02 (Total Current Assets 108.5m / Total Current Liabilities 4.74b)
Debt / Equity = 0.67 (Debt 4.74b / totalStockholderEquity, last quarter 7.03b)
Debt / EBITDA = 4.88 (Net Debt 4.63b / EBITDA 948.1m)
Debt / FCF = 6.99 (Net Debt 4.63b / FCF TTM 661.9m)
Total Stockholder Equity = 7.13b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.47% (Net Income 449.2m / Total Assets 12.47b)
RoE = 6.30% (Net Income TTM 449.2m / Total Stockholder Equity 7.13b)
RoCE = 3.75% (EBIT 444.8m / Capital Employed (Equity 7.13b + L.T.Debt 4.73b))
RoIC = 2.90% (NOPAT 351.4m / Invested Capital 12.14b)
WACC = 5.65% (E(12.47b)/V(17.21b) * Re(7.51%) + D(4.74b)/V(17.21b) * Rd(0.96%) * (1-Tc(0.21)))
Discount Rate = 7.51% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.93%
[DCF Debug] Terminal Value 87.20% ; FCFF base≈683.4m ; Y1≈749.5m ; Y5≈954.7m
Fair Price DCF = 63.61 (EV 28.19b - Net Debt 4.63b = Equity 23.57b / Shares 370.5m; r=5.90% [WACC]; 5y FCF grow 11.09% → 2.90% )
EPS Correlation: 68.93 | EPS CAGR: 22.47% | SUE: 3.13 | # QB: 17
Revenue Correlation: 97.25 | Revenue CAGR: 8.81% | SUE: 0.46 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.19 | Chg30d=-0.017 | Revisions Net=-1 | Analysts=3
EPS current Year (2026-12-31): EPS=0.75 | Chg30d=-0.047 | Revisions Net=-1 | Growth EPS=-38.1% | Growth Revenue=+4.2%
EPS next Year (2027-12-31): EPS=0.81 | Chg30d=-0.056 | Revisions Net=+0 | Growth EPS=+7.7% | Growth Revenue=+6.3%