M/I HOMES, INC. (MHO)
Operative Builders
Latest Price
$146.13
TTM P/E
10.98
Normalized P/E
8.98
Div Yield
--
Book Value
122.75
P/B Ratio
1.19
Valuation metrics
adjust assumptions →EPS: $14.74
Book value / share: $115.82
Formula: √(22.5 × EPS × BVPS)
Graham Number
$195.99
+34% 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
+17% 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
9% downside
EPS: $14.74
Target P/E: 9×
Formula: EPS × P/E
P/E Fair Value
$132.66
9% downside
Institutional Ownership
91.1% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 4.76M | $582.0M | 18.30% | -107.0K | 2026-03-31 |
| DONALD SMITH & CO., INC. | 1.49M | $182.0M | 5.73% | +26.7K | 2026-03-31 |
| STATE STREET CORP | 1.26M | $154.0M | 4.84% | -77.4K | 2026-03-31 |
| FMR LLC | 1.22M | $149.0M | 4.69% | +36.7K | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 1.12M | $136.0M | 4.29% | -- | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 1.11M | $136.0M | 4.28% | -- | 2026-03-31 |
| DIMENSIONAL FUND ADVISORS LP | 1.07M | $130.0M | 4.11% | -17.3K | 2026-03-31 |
| AMERICAN CENTURY COMPANIES INC | 703.1K | $86.0M | 2.70% | -203.8K | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 659.5K | $80.0M | 2.54% | +18.8K | 2026-03-31 |
| MILLENNIUM MANAGEMENT LLC | 540.8K | $66.0M | 2.08% | +106.3K | 2026-03-31 |