A Look At M/I Homes (MHO) Valuation After New Analyst Coverage And Weaker Earnings Results

Why M/I Homes is back on investors’ radar

M/I Homes (MHO) is drawing fresh attention after Citizens began covering the stock with a positive outlook, shortly after the builder posted lower 2025 revenue and net income, along with a completed US$30.37 million share buyback.

See our latest analysis for M/I Homes.

M/I Homes shares are trading at US$141.77 after a 7 day share price return of 5.33% and a 90 day share price return of 9.91%. The 3 year total shareholder return of 139.40% suggests longer term momentum has been strong, even as the latest earnings report and share buyback remind investors of both opportunity and risk repricing.

If this kind of renewed interest in homebuilders has you looking wider, it could be a good moment to check out 22 top founder-led companies as potential next ideas.

With earnings under pressure, a completed US$30.37 million buyback and the shares trading below one analyst’s price target, the key question is whether M/I Homes is still undervalued or if the market already prices in future growth.

Most Popular Narrative: 9.7% Undervalued

With M/I Homes last closing at $141.77 versus a most followed fair value view of $157, the narrative hinges on how much the current cycle weighs on future earnings power.

M/I Homes maintains a robust land position with an owned and controlled supply equating to 5–6 years, which, along with disciplined acquisition and inventory management, minimizes financial risk, enables consistent earnings growth, and positions the company to seize market share during future housing upturns.

Read the complete narrative.

Curious what kind of revenue path, margin profile, and future P/E multiple need to line up for that fair value to hold? The full narrative lays out the exact earnings and share count assumptions behind the $157 figure, and how an 8% to 9% discount rate shapes today’s price gap.

Result: Fair Value of $157 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, the case for upside can quickly weaken if softer contract activity persists or if heavier spec inventory forces deeper incentives that pressure margins and earnings.

Find out about the key risks to this M/I Homes narrative.

Build Your Own M/I Homes Narrative

If you see the story differently or prefer grounding your view in your own inputs, you can build a tailored M/I Homes narrative in minutes by starting with Do it your way.

A good starting point is our analysis highlighting 2 key rewards investors are optimistic about regarding M/I Homes.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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