AMERICAN HOMES 4 RENT- A (AMH) Fundamental Analysis & Valuation

NYSE:AMH • US02665T3068

30.03 USD
+0.19 (+0.64%)
At close: Mar 4, 2026
30.03 USD
0 (0%)
After Hours: 3/4/2026, 6:40:00 PM

This AMH fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

AMH gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 20 industry peers in the Residential REITs industry. There are concerns on the financial health of AMH while its profitability can be described as average. AMH is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. AMH Profitability Analysis

1.1 Basic Checks

  • In the past year AMH was profitable.
  • In the past year AMH had a positive cash flow from operations.
  • Each year in the past 5 years AMH has been profitable.
  • AMH had a positive operating cash flow in each of the past 5 years.
AMH Yearly Net Income VS EBIT VS OCF VS FCFAMH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M -1B

1.2 Ratios

  • The Return On Assets of AMH (3.31%) is comparable to the rest of the industry.
  • AMH has a Return On Equity of 6.22%. This is comparable to the rest of the industry: AMH outperforms 55.00% of its industry peers.
  • The Return On Invested Capital of AMH (2.86%) is better than 65.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AMH is in line with the industry average of 2.60%.
  • The 3 year average ROIC (2.64%) for AMH is below the current ROIC(2.86%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.31%
ROE 6.22%
ROIC 2.86%
ROA(3y)3.05%
ROA(5y)2.49%
ROE(3y)5.67%
ROE(5y)4.62%
ROIC(3y)2.64%
ROIC(5y)2.46%
AMH Yearly ROA, ROE, ROICAMH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 4 6

1.3 Margins

  • The Profit Margin of AMH (23.66%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of AMH has grown nicely.
  • Looking at the Operating Margin, with a value of 25.08%, AMH is in the better half of the industry, outperforming 65.00% of the companies in the same industry.
  • AMH's Operating Margin has improved in the last couple of years.
  • With a Gross Margin value of 56.83%, AMH is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of AMH has remained more or less at the same level.
Industry RankSector Rank
OM 25.08%
PM (TTM) 23.66%
GM 56.83%
OM growth 3Y4.12%
OM growth 5Y4.1%
PM growth 3Y12.15%
PM growth 5Y26.69%
GM growth 3Y0.85%
GM growth 5Y1.05%
AMH Yearly Profit, Operating, Gross MarginsAMH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40

2

2. AMH Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AMH is destroying value.
  • Compared to 1 year ago, AMH has less shares outstanding
  • AMH has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, AMH has a worse debt to assets ratio.
AMH Yearly Shares OutstandingAMH Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
AMH Yearly Total Debt VS Total AssetsAMH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 1.26, we must say that AMH is in the distress zone and has some risk of bankruptcy.
  • AMH has a better Altman-Z score (1.26) than 65.00% of its industry peers.
  • AMH has a Debt/Equity ratio of 0.72. This is a neutral value indicating AMH is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.72, AMH belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF N/A
Altman-Z 1.26
ROIC/WACC0.42
WACC6.83%
AMH Yearly LT Debt VS Equity VS FCFAMH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • AMH has a Current Ratio of 0.35. This is a bad value and indicates that AMH is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.35, AMH perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • AMH has a Quick Ratio of 0.35. This is a bad value and indicates that AMH is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of AMH (0.35) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.35
Quick Ratio 0.35
AMH Yearly Current Assets VS Current LiabilitesAMH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

4

3. AMH Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 9.26% over the past year.
  • AMH shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 33.34% yearly.
  • Looking at the last year, AMH shows a very negative growth in Revenue. The Revenue has decreased by -14.03% in the last year.
  • Measured over the past years, AMH shows a quite strong growth in Revenue. The Revenue has been growing by 9.55% on average per year.
EPS 1Y (TTM)9.26%
EPS 3Y18.45%
EPS 5Y33.34%
EPS Q2Q%0%
Revenue 1Y (TTM)-14.03%
Revenue growth 3Y7.47%
Revenue growth 5Y9.55%
Sales Q2Q%4.21%

3.2 Future

  • The Earnings Per Share is expected to decrease by -15.71% on average over the next years. This is quite bad
  • The Revenue is expected to grow by 7.14% on average over the next years.
EPS Next Y-35.81%
EPS Next 2Y-15.71%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.96%
Revenue Next 2Y4.14%
Revenue Next 3Y7.14%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
AMH Yearly Revenue VS EstimatesAMH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B 2B
AMH Yearly EPS VS EstimatesAMH Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 1

2

4. AMH Valuation Analysis

4.1 Price/Earnings Ratio

  • AMH is valuated quite expensively with a Price/Earnings ratio of 25.45.
  • Based on the Price/Earnings ratio, AMH is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
  • AMH is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.03, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 39.64, AMH can be considered very expensive at the moment.
  • 80.00% of the companies in the same industry are more expensive than AMH, based on the Price/Forward Earnings ratio.
  • AMH is valuated expensively when we compare the Price/Forward Earnings ratio to 25.11, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 25.45
Fwd PE 39.64
AMH Price Earnings VS Forward Price EarningsAMH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • AMH's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AMH is cheaper than 75.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 16.58
AMH Per share dataAMH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • The decent profitability rating of AMH may justify a higher PE ratio.
  • AMH's earnings are expected to decrease with -15.71% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.76
EPS Next 2Y-15.71%
EPS Next 3YN/A

6

5. AMH Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.35%, AMH is a good candidate for dividend investing.
  • AMH's Dividend Yield is comparable with the industry average which is at 44.17.
  • Compared to an average S&P500 Dividend Yield of 1.82, AMH pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.35%

5.2 History

  • On average, the dividend of AMH grows each year by 27.16%, which is quite nice.
  • AMH has paid a dividend for at least 10 years, which is a reliable track record.
  • AMH has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)27.16%
Div Incr Years4
Div Non Decr Years11
AMH Yearly Dividends per shareAMH Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • AMH pays out 105.15% of its income as dividend. This is not a sustainable payout ratio.
  • The Dividend Rate of AMH has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP105.15%
EPS Next 2Y-15.71%
EPS Next 3YN/A
AMH Yearly Income VS Free CF VS DividendAMH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -500M -1B
AMH Dividend Payout.AMH Dividend Payout, showing the Payout Ratio.AMH Dividend Payout.PayoutRetained Earnings

AMH Fundamentals: All Metrics, Ratios and Statistics

AMERICAN HOMES 4 RENT- A

NYSE:AMH (3/4/2026, 6:40:00 PM)

After market: 30.03 0 (0%)

30.03

+0.19 (+0.64%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)02-19
Earnings (Next)04-29
Inst Owners90.26%
Inst Owner Change2.42%
Ins Owners5.99%
Ins Owner Change1.39%
Market Cap11.14B
Revenue(TTM)1.85B
Net Income(TTM)437.70M
Analysts73.57
Price Target36.9 (22.88%)
Short Float %2.26%
Short Ratio1.7
Dividend
Industry RankSector Rank
Dividend Yield 4.35%
Yearly Dividend1.25
Dividend Growth(5Y)27.16%
DP105.15%
Div Incr Years4
Div Non Decr Years11
Ex-Date03-13
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)74.82%
Min EPS beat(2)68.13%
Max EPS beat(2)81.52%
EPS beat(4)4
Avg EPS beat(4)84.1%
Min EPS beat(4)68.13%
Max EPS beat(4)100.7%
EPS beat(8)8
Avg EPS beat(8)86.65%
EPS beat(12)12
Avg EPS beat(12)98.23%
EPS beat(16)16
Avg EPS beat(16)87.02%
Revenue beat(2)1
Avg Revenue beat(2)0.13%
Min Revenue beat(2)-0.99%
Max Revenue beat(2)1.26%
Revenue beat(4)3
Avg Revenue beat(4)0.72%
Min Revenue beat(4)-0.99%
Max Revenue beat(4)1.31%
Revenue beat(8)6
Avg Revenue beat(8)0.35%
Revenue beat(12)9
Avg Revenue beat(12)0.44%
Revenue beat(16)10
Avg Revenue beat(16)0.29%
PT rev (1m)-2.3%
PT rev (3m)-6.61%
EPS NQ rev (1m)-1.79%
EPS NQ rev (3m)0.76%
EPS NY rev (1m)1.87%
EPS NY rev (3m)1.05%
Revenue NQ rev (1m)-0.67%
Revenue NQ rev (3m)-0.58%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.36%
Valuation
Industry RankSector Rank
PE 25.45
Fwd PE 39.64
P/S 6.02
P/FCF N/A
P/OCF 12.89
P/B 1.58
P/tB 1.61
EV/EBITDA 16.58
EPS(TTM)1.18
EY3.93%
EPS(NY)0.76
Fwd EY2.52%
FCF(TTM)-0.43
FCFYN/A
OCF(TTM)2.33
OCFY7.76%
SpS4.99
BVpS18.95
TBVpS18.63
PEG (NY)N/A
PEG (5Y)0.76
Graham Number22.43
Profitability
Industry RankSector Rank
ROA 3.31%
ROE 6.22%
ROCE 3.62%
ROIC 2.86%
ROICexc 2.89%
ROICexgc 2.92%
OM 25.08%
PM (TTM) 23.66%
GM 56.83%
FCFM N/A
ROA(3y)3.05%
ROA(5y)2.49%
ROE(3y)5.67%
ROE(5y)4.62%
ROIC(3y)2.64%
ROIC(5y)2.46%
ROICexc(3y)2.67%
ROICexc(5y)2.48%
ROICexgc(3y)2.71%
ROICexgc(5y)2.52%
ROCE(3y)3.34%
ROCE(5y)3.11%
ROICexgc growth 3Y8.2%
ROICexgc growth 5Y6.68%
ROICexc growth 3Y8.65%
ROICexc growth 5Y6.82%
OM growth 3Y4.12%
OM growth 5Y4.1%
PM growth 3Y12.15%
PM growth 5Y26.69%
GM growth 3Y0.85%
GM growth 5Y1.05%
F-Score6
Asset Turnover0.14
Health
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF N/A
Debt/EBITDA 5.26
Cap/Depr 203.01%
Cap/Sales 55.34%
Interest Coverage 2.69
Cash Conversion 89.25%
Profit Quality N/A
Current Ratio 0.35
Quick Ratio 0.35
Altman-Z 1.26
F-Score6
WACC6.83%
ROIC/WACC0.42
Cap/Depr(3y)262.39%
Cap/Depr(5y)342.14%
Cap/Sales(3y)72.64%
Cap/Sales(5y)96.41%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.26%
EPS 3Y18.45%
EPS 5Y33.34%
EPS Q2Q%0%
EPS Next Y-35.81%
EPS Next 2Y-15.71%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-14.03%
Revenue growth 3Y7.47%
Revenue growth 5Y9.55%
Sales Q2Q%4.21%
Revenue Next Year3.96%
Revenue Next 2Y4.14%
Revenue Next 3Y7.14%
Revenue Next 5YN/A
EBIT growth 1Y-9.35%
EBIT growth 3Y11.9%
EBIT growth 5Y14.04%
EBIT Next Year118.56%
EBIT Next 3Y35.42%
EBIT Next 5YN/A
FCF growth 1Y77.69%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y6.51%
OCF growth 3Y9.1%
OCF growth 5Y12.76%

AMERICAN HOMES 4 RENT- A / AMH FAQ

Can you provide the ChartMill fundamental rating for AMERICAN HOMES 4 RENT- A?

ChartMill assigns a fundamental rating of 4 / 10 to AMH.


What is the valuation status of AMERICAN HOMES 4 RENT- A (AMH) stock?

ChartMill assigns a valuation rating of 2 / 10 to AMERICAN HOMES 4 RENT- A (AMH). This can be considered as Overvalued.


What is the profitability of AMH stock?

AMERICAN HOMES 4 RENT- A (AMH) has a profitability rating of 6 / 10.


What are the PE and PB ratios of AMERICAN HOMES 4 RENT- A (AMH) stock?

The Price/Earnings (PE) ratio for AMERICAN HOMES 4 RENT- A (AMH) is 25.45 and the Price/Book (PB) ratio is 1.58.


Can you provide the financial health for AMH stock?

The financial health rating of AMERICAN HOMES 4 RENT- A (AMH) is 2 / 10.