M/I HOMES, INC. (MHO)
Operative Builders
Latest Price
$140.61
TTM P/E
11.81
Normalized P/E
8.75
Div Yield
--
Book Value
124.92
P/B Ratio
1.13
Valuation metrics
adjust assumptions →EPS: $14.74
Book value / share: $115.82
Formula: √(22.5 × EPS × BVPS)
Graham Number
$195.99
+39% upside
Norm. op. income: $518M (median of 7yr)
Tax rate: 23%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$170.90
+22% upside
Base FCF: $173M (median of recent 5yr)
Growth: 5%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$133.14
5% downside
EPS: $14.74
Target P/E: 9×
Formula: EPS × P/E
P/E Fair Value
$132.66
6% downside
Institutional Ownership
96.3% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 4.79M | $769.0M | 18.53% | +27.2K | 2026-06-30 |
| DONALD SMITH & CO., INC. | 1.39M | $223.0M | 5.39% | -98.6K | 2026-06-30 |
| STATE STREET CORP | 1.33M | $213.0M | 5.14% | +67.1K | 2026-06-30 |
| FMR LLC | 1.23M | $197.0M | 4.76% | +10.1K | 2026-06-30 |
| VANGUARD CAPITAL MANAGEMENT LLC | 1.11M | $177.0M | 4.28% | -9.2K | 2026-06-30 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 1.10M | $176.0M | 4.24% | -18.1K | 2026-06-30 |
| DIMENSIONAL FUND ADVISORS LP | 1.06M | $170.0M | 4.11% | -6.7K | 2026-06-30 |
| GEODE CAPITAL MANAGEMENT, LLC | 682.2K | $109.0M | 2.64% | +22.6K | 2026-06-30 |
| T. Rowe Price Investment Management, Inc. | 660.0K | $106.0M | 2.55% | +179.4K | 2026-06-30 |
| GOLDMAN SACHS GROUP INC | 596.3K | $95.0M | 2.31% | +160.1K | 2026-06-30 |