Question 1

What is D.R. Horton's P/FCF ratio?

Accepted Answer

D.R. Horton (DHI) P/FCF ratio is 12.0× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for D.R. Horton?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For D.R. Horton specifically, the relevant sector benchmark is the current sector median of 17.8×.

Question 5

Is D.R. Horton's P/FCF ratio high or low?

Accepted Answer

D.R. Horton's P/FCF ratio of 12.0× is below its own 5-year average of 30.9× and below the sector median of 17.8×. That places the current reading at the 8th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is D.R. Horton's historical P/FCF ratio range?

Accepted Answer

In the available daily series, D.R. Horton (DHI) P/FCF ratio has ranged from a low of 1.0× in 2008 to a high of 1153.5× in 2015. The 5-year average is 30.9× and the 5-year median is 15.8×.

Question 7

What was D.R. Horton's P/FCF ratio in 2025?

Accepted Answer

D.R. Horton (DHI) P/FCF ratio at the end of 2025 was 15.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does D.R. Horton's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$50.20B	$3.28B	15.3×	-15.4×	Sep 30, 2025
2024	$62.04B	$2.02B	30.6×	+21.9×	Sep 30, 2024
2023	$36.17B	$4.16B	8.7×	-47.8×	Sep 30, 2023
2022	$23.36B	$413.60M	56.5×	-56.1×	Sep 30, 2022
2021	$30.05B	$267.00M	112.6×	+88.3×	Sep 30, 2021
2020	$27.54B	$1.13B	24.3×	-4.9×	Sep 30, 2020
2019	$19.49B	$668.00M	29.2×	-10.9×	Sep 30, 2019
2018	$15.90B	$396.70M	40.1×	-13.8×	Sep 30, 2018
2017	$14.96B	$277.80M	53.9×	+32.7×	Sep 30, 2017
2016	$11.26B	$531.90M	21.2×	+4.4×	Sep 30, 2016
2015	$10.80B	$644.30M	16.8×	—	Sep 30, 2015
2014	$7.48B	−$761.60M	—	—	Sep 30, 2014
2013	$6.27B	−$1.29B	—	—	Sep 30, 2013
2012	$6.62B	−$331.70M	—	—	Sep 30, 2012
2011	$2.86B	−$1.40M	—	—	Sep 30, 2011
2010	$3.54B	$690.20M	5.1×	+2.0×	Sep 30, 2010
2009	$3.62B	$1.14B	3.2×	+1.0×	Sep 30, 2009
2008	$4.08B	$1.87B	2.2×	-1.0×	Sep 30, 2008
2007	$4.23B	$1.32B	3.2×	—	Sep 30, 2007
2006	$7.51B	−$1.27B	—	—	Sep 30, 2006
2005	$11.33B	−$688.90M	—	—	Sep 30, 2005
2004	$7.70B	−$477.70M	—	—	Sep 30, 2004
2003	$7.60B	$374.65M	20.3×	—	Sep 30, 2003
2002	$2.73B	−$130.41M	—	—	Sep 30, 2002


Las Vegas Sands (LVS)	15.5×
DraftKings (DKNG)	15.5×
Avery Dennison (AVY)	15.2×
Wynn Resorts (WYNN)	15.1×
NVR (NVR)	14.9×
Booking Holdings (BKNG)	14.7×
Carnival Corporation (CCL)	14.6×
PulteGroup (PHM)	13.7×
Masco (MAS)	13.0×
V.F. (VFC)	12.6×
Deckers Outdoor (DECK)	12.0×
Lululemon Athletica (LULU)	11.6×
Toll Brothers (TOL)	11.1×
LKQ (LKQ)	9.3×
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Mohawk Industries (MHK)	8.4×
MercadoLibre (MELI)	8.2×
Best Buy Co. (BBY)	7.9×
Etsy (ETSY)	7.2×
Leggett & Platt (LEG)	6.6×
Weyco Group (WEYS)	6.2×
Expedia Group (EXPE)	6.0×
General Motors (GM)	5.5×
MGM Resorts (MGM)	5.5×
Ford Motor (F)	3.9×

P/FCF Ratio for D.R. Horton (DHI)

P/FCF Ratio daily chart for D.R. Horton (DHI)

Historical P/FCF Ratio for D.R. Horton (DHI) from 2002 to 2025

About P/FCF Ratio at D.R. Horton (DHI)

D.R. Horton P/FCF Ratio by Year

D.R. Horton P/FCF Ratio 2025: 15.3×

D.R. Horton P/FCF Ratio 2024: 30.6×

D.R. Horton P/FCF Ratio 2023: 8.7×

D.R. Horton P/FCF Ratio 2022: 56.5×

D.R. Horton P/FCF Ratio 2021: 112.6×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

D.R. Horton (DHI) Key Financials

P/FCF Ratio daily chart for D.R. Horton (DHI)

Historical P/FCF Ratio for D.R. Horton (DHI) from 2002 to 2025

About P/FCF Ratio at D.R. Horton (DHI)

D.R. Horton P/FCF Ratio by Year

D.R. Horton P/FCF Ratio 2025: 15.3×

D.R. Horton P/FCF Ratio 2024: 30.6×

D.R. Horton P/FCF Ratio 2023: 8.7×

D.R. Horton P/FCF Ratio 2022: 56.5×

D.R. Horton P/FCF Ratio 2021: 112.6×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is D.R. Horton's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for D.R. Horton?

+Is D.R. Horton's P/FCF ratio high or low?

+What is D.R. Horton's historical P/FCF ratio range?

+What was D.R. Horton's P/FCF ratio in 2025?

+Why does D.R. Horton's P/FCF ratio change over time?

D.R. Horton (DHI) Key Financials