MI Homes Inc
Research MI Homes Inc (MHO) on Bullrun: valuation model: 18.9% undervalued, market cap USD 3.19B, P/E 10.6. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerMHO
- ExchangeNYSE
- CountryUnited States
- SectorConsumer Cyclical
- IndustryResidential Construction
- CurrencyUSD
- Valuation signal18.9% undervalued
- Market capUSD 3.19B
- P/E10.6
- Financial periodQ2 2026
- RevenueUSD 1.06B
- Net incomeUSD 79.07M
- Free cash flowUSD 31.43M
- Gross margin22.1%
Valuation Snapshot
Bullrun's latest valuation model marks MI Homes Inc as 18.9% undervalued; latest market cap is USD 3.19B; P/E is 10.6.
Peer valuation comparison
Latest P/E is 10.64x versus a Consumer Cyclical sector median of 17.61x (39.6% below).
Latest P/E is 10.64x versus a United States median of 23.85x (55.4% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 4.42B | USD 402.90M | USD 127.74M | 23.0% | 14.74 | USD 689.19M | USD 1.03B | USD 3.17B |
| FY2024 | USD 4.50B | USD 563.70M | USD 171.32M | 26.6% | 19.71 | USD 821.57M | USD 1.04B | USD 2.94B |
| FY2023 | USD 4.03B | USD 465.40M | USD 546.36M | 25.3% | 16.21 | USD 732.80M | USD 917.15M | USD 2.52B |
| FY2022 | USD 4.13B | USD 490.70M | USD 174.74M | 25.3% | 17.24 | USD 311.54M | USD 999.52M | USD 2.07B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 3.19B | 10.6 | n/a | n/a |
| 2025 | 2025-12-31 | USD 3.30B | 8.7 | n/a | n/a |
| 2024 | 2024-12-31 | USD 3.60B | 6.7 | n/a | n/a |
| 2023 | 2023-12-29 | USD 3.84B | 8.0 | n/a | n/a |
| 2022 | 2022-12-30 | USD 1.27B | 2.8 | n/a | n/a |
| 2021 | 2021-12-31 | USD 1.77B | 4.7 | n/a | n/a |
About MI Homes Inc
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.
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Frequently asked questions
Is MI Homes Inc overvalued or undervalued?
Bullrun's valuation model currently marks MI Homes Inc as 18.9% undervalued.
What is MI Homes Inc's market cap?
MI Homes Inc's market capitalization is USD 3.19B.
What is MI Homes Inc's P/E ratio?
MI Homes Inc's price-to-earnings (P/E) ratio is 10.6.
What does MI Homes Inc do?
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.