(MHO) M/I Homes - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US55305B1017

Single-Family Homes, Townhomes, Mortgages, Title Services

Homebuilding
Market Cap in USD: 3,690m

IPO / Inception: 1986-10-03
12m vs SPY: -14.3%

EPS (Earnings per Share)

EPS CAGR: -42.47%
EPS Trend: -37.6%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 1.98%
Rev. Trend: 44.1%

Last SUE: -0.24
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	37.9%
Value at Risk 5%th	60.8%
Relative Tail Risk	-2.48%

Reward TTM
Sharpe Ratio	0.14
Alpha	-6.86
CAGR/Max DD	0.92

Character TTM
Hurst Exponent	0.325
Beta	0.690
Beta Downside	0.296

Drawdowns 3y
Max DD	40.60%
Mean DD	14.51%
Median DD	11.55%

Description: MHO M/I Homes January 11, 2026

M/I Homes, Inc. (NYSE:MHO) builds and sells single-family homes and townhomes across ten U.S. states, operating through three segments: Northern Homebuilding, Southern Homebuilding, and Financial Services. Its product mix targets a broad buyer spectrum-from first-time and millennial purchasers to move-up, empty-nesters, multi-generational, and luxury buyers-under the M/I Homes brand.

Beyond construction, the firm acquires raw land, develops it into finished lots, and either builds on those parcels or sells them to third-party builders. The Financial Services segment adds vertical integration by originating and selling mortgages and providing title-insurance, examination, and closing services.

Key operational metrics (as of FY 2023) include approximately $1.9 billion in revenue, a 12 % year-over-year increase in home deliveries (≈ 5,300 units), and an average selling price of about $350 k, reflecting a modest shift toward higher-priced markets. The company’s backlog-homes under contract but not yet delivered-stood near $1.2 billion, indicating a solid pipeline but also exposure to interest-rate volatility.

Sector-wide drivers that materially affect MHO’s outlook are (1) mortgage-rate movements, where a 1 % rise in the 30-year rate historically depresses single-family home demand by roughly 5 %; (2) regional labor-cost pressures, especially in the Sun Belt states where the firm has expanded; and (3) inventory constraints, which have kept price appreciation above inflation in many of its markets.

Assuming current rate trends persist and the labor market remains tight, M/I Homes’ integrated model-combining land acquisition, construction, and financing-should provide a buffer against cyclical demand swings, though profitability will be sensitive to cost-inflation and financing spreads.

For a deeper quantitative view, you might explore ValueRay’s analyst dashboard for MHO.

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (457.7m TTM) > 0 and > 6% of Revenue (6% = 266.5m TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA 2.48pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 91.55% (prev 87.88%; Δ 3.67pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.08 (>3.0%) and CFO 358.8m <= Net Income 457.7m (YES >=105%, WARN >=100%)

Net Debt (193.8m) to EBITDA (486.7m) ratio: 0.40 <= 3.0 (WARN <= 3.5)

Current Ratio 13.73 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (26.1m) change vs 12m ago -8.36% (target <= -2.0% for YES)

Gross Margin 24.53% (prev 26.78%; Δ -2.25pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 96.26% (prev 95.71%; Δ 0.55pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 13.36 (EBITDA TTM 486.7m / Interest Expense TTM 35.5m) >= 6 (WARN >= 3)

Altman Z'' 10.55

(A) 0.85 = (Total Current Assets 4.39b - Total Current Liabilities 319.6m) / Total Assets 4.77b

(B) 0.67 = Retained Earnings (Balance) 3.20b / Total Assets 4.77b

(D) 1.98 = Book Value of Equity 3.20b / Total Liabilities 1.62b

Total Rating: 10.55 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 64.80

1. Piotroski 5.50pt

2. FCF Yield 6.74%

3. FCF Margin 5.63%

4. Debt/Equity 0.24

5. Debt/Ebitda 0.40

6. ROIC - WACC (= 1.59)%

7. RoE 14.95%

8. Rev. Trend 44.14%

9. EPS Trend -37.59%

What is the price of MHO shares?

As of January 15, 2026, the stock is trading at USD 136.88 with a total of 145,147 shares traded.
Over the past week, the price has changed by +8.09%, over one month by +1.45%, over three months by +1.03% and over the past year by +2.86%.

Is MHO a buy, sell or hold?

M/I Homes has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy MHO.

Strong Buy: 3
Buy: 0
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the MHO price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	157	14.7%
Analysts Target Price	157	14.7%
ValueRay Target Price	169.5	23.8%

MHO Fundamental Data Overview January 15, 2026

P/E Trailing = 8.2
P/E Forward = 10.0
P/S = 0.8244
P/B = 1.1497
P/EG = 0.78
Revenue TTM = 4.44b USD
EBIT TTM = 473.6m USD
EBITDA TTM = 486.7m USD
Long Term Debt = 928.0m USD (from longTermDebt, last quarter)
Short Term Debt = 6.07m USD (from shortTermDebt, last fiscal year)
Debt = 750.4m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 193.8m USD (from netDebt column, last quarter)
Enterprise Value = 3.71b USD (3.69b + Debt 750.4m - CCE 734.1m)
Interest Coverage Ratio = 13.36 (Ebit TTM 473.6m / Interest Expense TTM 35.5m)
EV/FCF = 14.83x (Enterprise Value 3.71b / FCF TTM 249.9m)
FCF Yield = 6.74% (FCF TTM 249.9m / Enterprise Value 3.71b)
FCF Margin = 5.63% (FCF TTM 249.9m / Revenue TTM 4.44b)
Net Margin = 10.30% (Net Income TTM 457.7m / Revenue TTM 4.44b)
Gross Margin = 24.53% ((Revenue TTM 4.44b - Cost of Revenue TTM 3.35b) / Revenue TTM)
Gross Margin QoQ = 23.86% (prev 24.10%)
Tobins Q-Ratio = 0.78 (Enterprise Value 3.71b / Total Assets 4.77b)
Interest Expense / Debt = 3.16% (Interest Expense 23.7m / Debt 750.4m)
Taxrate = 23.84% (33.3m / 139.8m)
NOPAT = 360.7m (EBIT 473.6m * (1 - 23.84%))
Current Ratio = 13.73 (Total Current Assets 4.39b / Total Current Liabilities 319.6m)
Debt / Equity = 0.24 (Debt 750.4m / totalStockholderEquity, last quarter 3.15b)
Debt / EBITDA = 0.40 (Net Debt 193.8m / EBITDA 486.7m)
Debt / FCF = 0.78 (Net Debt 193.8m / FCF TTM 249.9m)
Total Stockholder Equity = 3.06b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.92% (Net Income 457.7m / Total Assets 4.77b)
RoE = 14.95% (Net Income TTM 457.7m / Total Stockholder Equity 3.06b)
RoCE = 11.87% (EBIT 473.6m / Capital Employed (Equity 3.06b + L.T.Debt 928.0m))
RoIC = 9.03% (NOPAT 360.7m / Invested Capital 4.00b)
WACC = 7.44% (E(3.69b)/V(4.44b) * Re(8.46%) + D(750.4m)/V(4.44b) * Rd(3.16%) * (1-Tc(0.24)))
Discount Rate = 8.46% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -4.64%
[DCF Debug] Terminal Value 72.88% ; FCFF base≈199.1m ; Y1≈130.7m ; Y5≈59.6m
Fair Price DCF = 42.17 (EV 1.30b - Net Debt 193.8m = Equity 1.10b / Shares 26.1m; r=7.44% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: -37.59 | EPS CAGR: -42.47% | SUE: -4.0 | # QB: 0
Revenue Correlation: 44.14 | Revenue CAGR: 1.98% | SUE: -0.24 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.82 | Chg30d=-0.380 | Revisions Net=-1 | Analysts=2
EPS next Year (2026-12-31): EPS=14.62 | Chg30d=-0.877 | Revisions Net=+0 | Growth EPS=-9.8% | Growth Revenue=-6.0%

Additional Sources for MHO Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle