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DHI (D.R. Horton) Cyclically Adjusted Price-to-FCF : 37.90 (As of Jul. 05, 2025)


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What is D.R. Horton Cyclically Adjusted Price-to-FCF?

As of today (2025-07-05), D.R. Horton's current share price is $131.90. D.R. Horton's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $3.48. D.R. Horton's Cyclically Adjusted Price-to-FCF for today is 37.90.

The historical rank and industry rank for D.R. Horton's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

DHI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.5   Med: 69.29   Max: 1303.5
Current: 37.89

During the past years, D.R. Horton's highest Cyclically Adjusted Price-to-FCF was 1303.50. The lowest was 18.50. And the median was 69.29.

DHI's Cyclically Adjusted Price-to-FCF is ranked worse than
91.11% of 45 companies
in the Homebuilding & Construction industry
Industry Median: 12.43 vs DHI: 37.89

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

D.R. Horton's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $-1.498. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $3.48 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


D.R. Horton Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for D.R. Horton's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

D.R. Horton Cyclically Adjusted Price-to-FCF Chart

D.R. Horton Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 259.70 223.12 105.15 45.49 57.56

D.R. Horton Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 70.25 52.87 57.56 39.23 36.52

Competitive Comparison of D.R. Horton's Cyclically Adjusted Price-to-FCF

For the Residential Construction subindustry, D.R. Horton's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


D.R. Horton's Cyclically Adjusted Price-to-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, D.R. Horton's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where D.R. Horton's Cyclically Adjusted Price-to-FCF falls into.


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D.R. Horton Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

D.R. Horton's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=131.90/3.48
=37.90

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

D.R. Horton's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, D.R. Horton's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-1.498/134.9266*134.9266
=-1.498

Current CPI (Mar. 2025) = 134.9266.

D.R. Horton Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.913 100.684 1.224
201509 1.344 100.392 1.806
201512 -0.058 99.792 -0.078
201603 0.022 100.470 0.030
201606 0.098 101.688 0.130
201609 1.385 101.861 1.835
201612 -0.134 101.863 -0.177
201703 -0.377 102.862 -0.495
201706 -0.253 103.349 -0.330
201709 1.505 104.136 1.950
201712 -0.261 104.011 -0.339
201803 -0.099 105.290 -0.127
201806 1.019 106.317 1.293
201809 0.403 106.507 0.511
201812 -1.065 105.998 -1.356
201903 -0.411 107.251 -0.517
201906 1.271 108.070 1.587
201909 1.997 108.329 2.487
201912 -0.522 108.420 -0.650
202003 -0.975 108.902 -1.208
202006 2.513 108.767 3.117
202009 2.073 109.815 2.547
202012 -0.958 109.897 -1.176
202103 -0.013 111.754 -0.016
202106 0.288 114.631 0.339
202109 1.441 115.734 1.680
202112 -0.569 117.630 -0.653
202203 -1.971 121.301 -2.192
202206 0.669 125.017 0.722
202209 3.101 125.227 3.341
202212 2.253 125.222 2.428
202303 1.777 127.348 1.883
202306 2.216 128.729 2.323
202309 5.906 129.860 6.136
202312 -0.599 129.419 -0.624
202403 -1.021 131.776 -1.045
202406 1.928 132.554 1.963
202409 5.894 133.029 5.978
202412 1.959 133.157 1.985
202503 -1.498 134.927 -1.498

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


D.R. Horton  (NYSE:DHI) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


D.R. Horton Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of D.R. Horton's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


D.R. Horton Business Description

Traded in Other Exchanges
Address
1341 Horton Circle, Arlington, TX, USA, 76011
With operations in 126 markets across 36 states D.R. Horton is the leading homebuilder in the United States. D.R. Horton mainly builds single-family detached homes (87% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States.
Executives
Barbara K Allen director 1361 HORTON CIRCLE, ARLINGTON TX 76011
Aron M. Odom officer: VP, Controller and PAO 1341 HORTON CIRCLE, ARLINGTON TX 76011
Michael R Buchanan director 1341 HORTON CIRCLE, ARLINGTON TX 76011
David V Auld officer: EVP and COO 1361 HORTON CIRCLE, ARLINGTON TX 76011
Bradley S Anderson director 1361 HORTON CIRCLE, ARLINGTON TX 76011
Bill W Wheat director, officer: EVP and CFO 1361 HORTON CIRCLE, ARLINGTON TX 76011
Paul J Romanowski officer: EVP and COO 1341 HORTON CIRCLE, ARLINGTON TX 76011
Michael J Murray officer: EVP and COO 1361 HORTON CIRCLE, ARLINGTON TX 76011
Michael W Hewatt director 1361 HORTON CIRCLE, ARLINGTON TX 76011
Benjamin Sr Carson director PO BOX 3599, BATTLE CREEK MI 49016-3599
Maribess L Miller director 2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 75204
Donald R Horton director, officer: Chairman 1361 HORTON CIRCLE, ARLINGTON TX 76011
Donald J Tomnitz director, officer: President and CEO 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Stacey Dwyer officer: EVP and Treasurer 301 COMMERCE STREET, SUITE 500, FORT WORTH TX 76102
Bobby G Scott director 301 COMMERCE STREET, SUITE 500, FORT WORTH TX 76102