Is M/I Homes (MHO) overvalued or fairly valued?

MarketChacha shows M/I Homes's valuation in context — a trailing P/E of about 8.9, a forward P/E of about 8.7, a price-to-book of about 1.0 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is M/I Homes's revenue?

M/I Homes reported revenue of $4.4B for FY2025, with net profit of $402.9M, per official filings.

What is the share price of M/I Homes (MHO)?

M/I Homes last traded at $123.15 (+0.9% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

M/I Homes

MHO · NYSE · Consumer Discretionary · United States

Snapshot

TickerMHO

ExchangeNYSE

SectorConsumer Discretionary

IndustryResidential Construction

CountryUnited States

Employees1,801

HeadquartersColumbus, United States

Websitewww.mihomes.com

Filings tracked12

About M/I Homes

M/I Homes, Inc., together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments. It also designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, move-up, empty-nester, multi-generational, and luxury homebuyers under the M/I Homes brand name. In addition, the company purchases undeveloped land to develop into developed lots for the construction of single-family homes, as well as for sale to others. Further, it originates and sells mortgages; and serves as a title insurance agent by providing title insurance policies, examination, and closing services to purchasers of its homes. The company was formerly known as M/I Schottenstein Homes, Inc. and changed its name to M/I Homes, Inc. in January 2004. M/I Homes, Inc. was founded in 1976 and is based in Columbus, Ohio.

Who owns it

Insiders2.2%
Institutions97.8%
Public & other0.0%

471 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.18.94%
Donald Smith & Co., Inc.5.50%
State Street Corporation5.25%
FMR, LLC4.87%
Vanguard Capital Management LLC4.37%
Vanguard Portfolio Management LLC4.34%
Dimensional Fund Advisors LP4.20%
Geode Capital Management, LLC2.70%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Over 3 years only 0.61× of reported profit became operating cash — the classic sign that headline earnings may be running ahead of the cash actually generated. Often explained by working capital funding growth; worth a closer look.

Cash conversion0.61×

Net margin trend11.5% → 9.1%

Margin has compressed by about 2.4 points over the period — profitability is trending down.

Growth qualityrev 5% · PAT -7%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $1.1B · EPS 3.37

Est. earnings growth +40.8%

Next fiscal year

Rev $4.4B · EPS 14.08

Est. earnings growth +15.5%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$4.4B

Net margin

9.1%

ROE

12.7%

Revenue CAGR (2y)

+4.7%

Profit CAGR (2y)

-6.9%

EPS (FY2025)

14.74

Net profit (FY2025)

$402.9M

Ask MarketChacha about MHO

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$4.4B	$402.9M	14.74	9.1%	12.7%
FY2024	$4.5B	$563.7M	19.71	12.5%	19.2%
FY2023	$4.0B	$465.4M	16.21	11.5%	18.5%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$1.1B	$79.1M	3.02	7.4%
2026Q1	$920.7M	$67.8M	2.55	7.4%
2025Q3	$1.1B	$106.5M	3.92	9.4%
2025Q2	$1.2B	$121.2M	4.42	10.4%
2025Q1	$976.1M	$111.2M	3.98	11.4%
2024Q3	$1.1B	$145.4M	5.10	12.7%
2024Q2	$1.1B	$146.7M	5.12	13.2%
2024Q1	$1.0B	$138.1M	4.78	13.2%
2023Q3	$1.0B	$139.0M	4.82	13.3%
2023Q2	$1.0B	$118.0M	4.12	11.6%
2023Q1	$1.0B	$103.1M	3.64	10.3%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/31/2026
8-K — Results of operations, Exhibits
SEC7/29/2026material
8-K — Shareholder vote results, Exhibits
SEC5/14/2026material
10-Q filing
SEC4/24/2026
8-K — Results of operations, Exhibits
SEC4/22/2026material
8-K — Executive/director change, Exhibits
SEC3/4/2026material
10-K filing
SEC2/13/2026
8-K — Results of operations, Exhibits
SEC1/28/2026material

2025

10-Q filing
SEC10/24/2025
8-K — Results of operations, Exhibits
SEC10/22/2025material
8-K — Material agreement, Material financial obligation, Exhibits
SEC9/19/2025material
10-Q filing
SEC7/25/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.