DHI

D.R. Horton, Inc.

Consumer Cyclical · $38.5B market cap

Verdict

Share price

$135.00

close of Oct 3, 2026

Fair value

$124.54

Sticker Price

Payback Price

$49.82

buy price

Fairly Valued

DHI is Fairly Valued: at $135.00 it's within 8% of its fair value of $124.54. Its buy price (Payback Price) is $49.82, 63% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 1% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

4 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth22.2% a year✓
Equity per share growth14.4% a year✓
Sales growth15.1% a year✓
Free cash flow growth-0.4% a year✗
Return on invested capital13.1%✓

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Superinvestors

4 of the investors we track hold DHI. In Q2 2026, 1 opened a position. Who we track

Moves in Q2 2026

New position: Warren Buffett

Insider activity

Since Aug 26, 2026: no open-market purchases and 4 other filings (stock awards, tax withholding and similar). Why purchases matter

Other filings

About D.R. Horton, Inc.

Established in Arlington, Texas, in 1978, D.R. Horton, Inc. operates as a prominent residential construction enterprise. The company's core business involves acquiring and preparing land, then constructing and marketing homes across a substantial portion of the United States. Its operations span 31 states and 98 distinct markets, covering the East, North, Southeast, South Central, Southwest, and Northwest regions…

Residential Construction

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works