Start with its own history
At 14.71×, DHI is 34.5% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · DHIResidential ConstructionUpdated Nov 5, 2026
D.R. Horton, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
14.71×
34.5% abovethe 10-year annual average
Share price156.99
÷Earnings per share10.67
Price and EPS in quote currency. Calculation details
Investors are paying 14.71 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 10.94×
3-year average13.76×3 positive annual observations
5-year average10.61×5 positive annual observations
10-year average10.94×10 positive annual observations
Peer median · TTM13.73×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Sep 30, 2026 | 13.48× | -7.6% |
| Sep 30, 2025 | 14.58× | +10.4% |
| Sep 30, 2024 | 13.21× | +71.2% |
| Sep 30, 2023 | 7.72× | +90.7% |
| Sep 30, 2022 | 4.05× | -44.3% |
| Sep 30, 2021 | 7.26× | -37.7% |
| Sep 30, 2020 | 11.65× | -4.0% |
| Sep 30, 2019 | 12.15× | +11.6% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Sep 30, 2018 | 10.88× | -24.5% |
| Sep 30, 2017 | 14.42× | +14.1% |
| Sep 30, 2016 | 12.64× | -11.8% |
| Sep 30, 2015 | 14.32× | +9.6% |
| Sep 30, 2014 | 13.07× | -3.1% |
| Sep 30, 2013 | 13.49× | +96.2% |
| Sep 30, 2012 | 6.88× | -82.5% |
| Sep 30, 2011 | 39.30× | +172.2% |
| Sep 30, 2010 | 14.44× | N/M |
| Sep 30, 2009 | N/M | N/M |
| Sep 30, 2008 | N/M | N/M |
| Sep 30, 2007 | N/M | N/M |
| Sep 30, 2006 | 6.08× | -21.0% |
| Sep 30, 2005 | 7.69× | -2.8% |
| Sep 30, 2004 | 7.91× | -34.7% |
| Sep 30, 2003 | 12.11× | +96.4% |
| Sep 30, 2002 | 6.17× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How DHI compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 DHI This stockD.R. Horton, Inc. | 14.71× |
 LENLennar Corporation | 17.43× |
 NVRNVR, Inc. | 16.75× |
 MHOM/I Homes, Inc. | 12.83× |
 KBHKB Home | 14.63× |
 TOLToll Brothers, Inc. | 12.63× |
 MTHMeritage Homes Corporation | 16.47× |
 DFHDream Finders Homes, Inc. | 11.20× |
 GRBKGreen Brick Partners, Inc. | 10.62× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does DHI’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 13.73×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take DHI into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("DHI", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 156.99 ÷ EPS 10.67 = 14.71×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
DHI P/E ratio: common questions
The essentials behind the numbers.
D.R. Horton, Inc.'s current P/E is 14.71× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.