M/I Homes was initially published as one of our 7investing Community's New Ideas in October 2024

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Background

The following comes directly from our initial Community recommendation. 7investing's opinions may differ from the person(s) who submitted this community research.

M/I Homes (MHO) has by far been one of the best performers in my portfolio. It’s 4x’d in the past 5 years and yet its P/E ratio is still under 9.

With the home supply crunch continuing, this mid American home builder is poised to continue to grow. It has stable long-term leadership, double digit ROIC and ROA, and a net profit margin of 13%. 4x is a lot, but at a p/e of under 9, I think it’s still got running room.