Latest Ratios: P/E Ratio 9.2x · EV/EBITDA 7.2x · ROE 12.8%. (2011–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.7B | $5.9B | $6.5B | $5.9B | $3.5B | $4.5B | $3.3B | $2.4B | $1.8B | $3.0B | $2.3B |
| Enterprise Value | $8.2B | $7.4B | $8.2B | $7.2B | $5.4B | $7.0B | $5.8B | $4.0B | $3.7B | $3.9B | $3.6B |
| P/E Ratio → | 9.25 | 7.58 | 7.40 | 7.64 | 3.35 | 6.75 | 13.64 | 9.30 | 8.88 | 16.65 | 11.40 |
| P/S Ratio | 0.83 | 0.73 | 0.80 | 0.79 | 0.43 | 0.60 | 0.54 | 0.50 | 0.43 | 0.76 | 0.66 |
| P/B Ratio | 1.15 | 0.94 | 1.10 | 1.10 | 0.76 | 1.13 | 0.92 | 0.93 | 0.76 | 1.26 | 1.08 |
| P/FCF | 8.31 | 7.34 | 37.37 | 7.60 | 3.27 | 12.59 | 3.05 | 6.52 | 15.90 | 7.73 | 6.28 |
| P/OCF | 7.92 | 6.99 | 30.91 | 7.29 | 3.18 | 11.88 | 2.95 | 6.02 | 13.50 | 7.66 | 6.25 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.92 | 1.00 | 0.97 | 0.65 | 0.94 | 0.94 | 0.84 | 0.88 | 1.00 | 1.02 |
| EV / EBITDA | 7.20 | 6.51 | 6.39 | 6.36 | 3.57 | 7.59 | 10.94 | 9.85 | 9.36 | 11.02 | 11.21 |
| EV / EBIT | 7.24 | 6.55 | 6.60 | 6.55 | 3.65 | 8.24 | 11.77 | 10.68 | 10.02 | 11.14 | 11.35 |
| EV / FCF | — | 9.22 | 47.23 | 9.29 | 5.00 | 19.81 | 5.34 | 11.08 | 32.23 | 10.14 | 9.75 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.0% | 23.0% | 24.7% | 24.2% | 25.7% | 20.8% | 17.4% | 18.2% | 18.6% | 19.0% | 19.2% |
| Operating Margin | 14.0% | 14.0% | 15.2% | 14.8% | 17.9% | 11.8% | 8.0% | 7.9% | 8.8% | 9.0% | 9.0% |
| Net Profit Margin | 9.6% | 9.6% | 10.8% | 10.4% | 12.8% | 8.8% | 4.0% | 5.3% | 4.9% | 2.3% | 1.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.8% | 12.8% | 15.8% | 15.4% | 24.4% | 17.5% | 7.9% | 10.3% | 8.7% | 4.0% | 2.5% |
| ROA | 8.2% | 8.2% | 9.8% | 9.0% | 12.2% | 8.1% | 3.7% | 4.8% | 4.3% | 2.1% | 1.3% |
| ROIC | 11.0% | 11.0% | 13.1% | 12.5% | 17.0% | 10.6% | 7.2% | 6.7% | 7.3% | 7.8% | 6.8% |
| ROCE | 13.2% | 13.2% | 15.2% | 14.2% | 19.3% | 12.1% | 8.3% | 8.0% | 8.6% | 8.9% | 8.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.37 | 0.37 | 0.37 | 0.39 | 0.56 | 0.86 | 0.84 | 0.78 | 0.91 | 0.64 | 0.73 |
| Debt / EBITDA | 2.07 | 2.07 | 1.71 | 1.86 | 1.71 | 3.66 | 5.69 | 4.86 | 5.57 | 4.25 | 4.92 |
| Net Debt / Equity | — | 0.24 | 0.29 | 0.24 | 0.40 | 0.65 | 0.69 | 0.65 | 0.78 | 0.39 | 0.60 |
| Net Debt / EBITDA | 1.32 | 1.32 | 1.33 | 1.15 | 1.23 | 2.76 | 4.68 | 4.06 | 4.74 | 2.62 | 3.99 |
| Debt / FCF | — | 1.87 | 9.86 | 1.69 | 1.73 | 7.22 | 2.28 | 4.56 | 16.33 | 2.41 | 3.47 |
| Interest Coverage | 24.15 | 24.15 | 93.37 | — | 83.40 | 225.43 | — | — | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.24 | 6.24 | 9.95 | 8.72 | 7.68 | 7.36 | 8.69 | 10.47 | 7.60 | 10.94 | 10.58 |
| Quick Ratio | 0.95 | 0.95 | 1.70 | 1.83 | 1.70 | 1.79 | 1.46 | 1.52 | 1.13 | 2.62 | 2.05 |
| Cash Ratio | 0.74 | 0.74 | 0.64 | 0.99 | 0.81 | 0.84 | 0.72 | 0.73 | 0.54 | 1.61 | 0.85 |
| Asset Turnover | — | 0.83 | 0.88 | 0.86 | 0.97 | 0.86 | 0.79 | 0.91 | 0.80 | 0.90 | 0.84 |
| Inventory Turnover | 1.03 | 1.03 | 0.99 | 1.01 | 1.14 | 1.08 | 0.95 | 0.98 | 0.86 | 1.06 | 0.95 |
| Days Sales Outstanding | — | 10.86 | 9.73 | 9.08 | 8.50 | 7.34 | 5.73 | 5.40 | 7.48 | 8.88 | 11.85 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.8% | 13.2% | 13.5% | 13.1% | 29.9% | 14.8% | 7.3% | 10.8% | 11.3% | 6.0% | 8.8% |
| FCF Yield | 12.0% | 13.6% | 2.7% | 13.2% | 30.5% | 7.9% | 32.8% | 15.3% | 6.3% | 12.9% | 15.9% |
| Buyback Yield | 5.7% | 6.4% | 5.4% | 2.2% | 10.7% | 6.3% | 3.1% | 6.7% | 60.6% | 37.8% | 1.2% |
| Total Shareholder Yield | 5.7% | 6.4% | 5.4% | 2.2% | 10.7% | 6.3% | 3.1% | 6.7% | 60.6% | 37.8% | 1.2% |
| Shares Outstanding | — | $101M | $106M | $110M | $116M | $128M | $129M | $108M | $115M | $121M | $121M |
Cyclical Margin Erosion
Based on current market data, TMHC trades at a forward P/E of 13.57, which appears to discount the company's recent earnings volatility while remaining broadly in line with mid-cap peers like Toll Brothers, suggesting investors are pricing in a cautious outlook for the move-up housing segment.
The current P/E multiple of 9.25 on a trailing basis, contrasted with a higher forward multiple, indicates that the market anticipates a contraction in near-term earnings power. This valuation gap warrants further investigation into whether the current pricing adequately accounts for the potential for sustained margin compression in the active-adult segment.
As reported in recent financial statements, TMHC's ROIC has trended downward from 3.8% in 2024Q4 to 1.3% in 2026Q1, reflecting a significant deterioration in the company's ability to generate returns on its invested capital during the current period of cyclical revenue contraction.
The decline in ROIC suggests that the company's capital-intensive land development strategy is failing to produce adequate returns relative to the cost of capital in the current environment. Investors should monitor whether this trend is a temporary byproduct of recent land acquisitions or a structural shift in the company's long-term compounding capability.
According to the company's quarterly filings, the cash conversion cycle has expanded significantly to 496 days in 2026Q1, driven primarily by a bloated inventory position that suggests a disconnect between current construction velocity and the company's long-term land development pipeline.
The sharp increase in the days inventory outstanding metric indicates that capital is being trapped in unfinished projects for longer durations, which may exacerbate liquidity pressures. This inefficiency appears to be a structural drag on cash flow, necessitating a more disciplined approach to inventory management to improve operational leverage.
While the reported current ratio of 26.78 in 2026Q1 might suggest a fortress balance sheet, this metric is fundamentally misapplied to homebuilders because it includes massive, illiquid inventory balances that cannot be easily converted to cash to meet short-term obligations during a market downturn.
Analysts should instead focus on the quick ratio or net debt-to-capitalization to assess true liquidity, as the current ratio obscures the reality that homebuilding inventory is often tied to long-cycle development projects. Relying on the current ratio may lead to an overestimation of the company's ability to navigate a severe liquidity crunch.
Includes 30+ ratios · 15 years · Updated daily
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Quick answers to the most common questions about buying TMHC stock.
Taylor Morrison Home Corporation's current P/E ratio is 9.2x. The historical average is 9.7x. This places it at the 62th percentile of its historical range.
Taylor Morrison Home Corporation's current EV/EBITDA is 7.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.7x.
Taylor Morrison Home Corporation's return on equity (ROE) is 12.8%. The historical average is 12.6%.
Based on historical data, Taylor Morrison Home Corporation is trading at a P/E of 9.2x. This is at the 62th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Taylor Morrison Home Corporation has 23.0% gross margin and 14.0% operating margin. Operating margin between 10-20% is typical for established companies.
Taylor Morrison Home Corporation's Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.