American Homes 4 Rent
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
52.0952.91N/A
Price/Sales ratio
6.396.175.34
Earnings per Share (EPS)
$0.67$0.66N/A

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-69.58-56.31733.3171.2553.83379.88246.13201.3860.1034.2437.21379.88
Price/Sales ratio
8.385.565.586.005.436.867.7710.847.068.017.995.43
Price/Book Value ratio
0.961.071.171.121.101.471.582.331.621.861.941.10
Price/Cash Flow ratio
20.8217.4217.6014.9514.1817.1319.4023.7515.8117.6214.2814.18
Price/Free Cash Flow ratio
-2.40-6.01-71.3616.5616.3520.3024.9029.9119.9821.5317.8316.35
Price/Earnings Growth ratio
9.04-2.25-13.74-1.66-0.09-4.663.332.410.470.33-3.22-4.66
Dividend Yield
1.75%1.83%1.80%1.47%2.15%1.46%1.26%1.30%2.56%2.56%2.80%2.15%
Profitability Indicator Ratios
Gross Profit Margin
52.77%53.07%56.02%55.76%54.56%54.45%54.33%54.97%55.39%54.43%36.20%54.45%
Operating Profit Margin
-5.46%-7.17%1.91%21.19%21.44%21.28%20.03%22.35%22.67%21.72%22.95%21.44%
Pretax Profit Margin
-8.29%-7.60%1.18%7.96%10.48%13.66%13.08%16.14%20.79%26.61%24.24%10.48%
Net Profit Margin
-12.04%-9.87%0.76%8.43%10.09%1.80%3.15%5.38%11.75%23.41%21.36%10.09%
Effective Tax Rate
-45.22%-29.93%35.90%-5.89%3.70%86.77%75.86%66.65%43.50%N/A9.53%3.70%
Return on Assets
-0.77%-0.91%0.08%0.94%1.20%0.22%0.38%0.64%1.43%2.99%2.84%1.20%
Return On Equity
-1.39%-1.91%0.15%1.57%2.06%0.38%0.64%1.15%2.69%5.45%5.22%2.06%
Return on Capital Employed
-0.35%-0.68%0.21%2.47%2.69%2.74%2.55%2.83%2.92%3.46%3.18%2.69%
Liquidity Ratios
Current Ratio
2.952.893.751.310.892.422.03N/AN/AN/A0.752.42
Quick Ratio
2.101.912.261.040.73-0.651.54-0.25-0.280.380.750.73
Cash ratio
0.720.360.670.120.060.150.450.060.110.020.330.06
Days of Sales Outstanding
10.078.067.3111.459.8721.2123.7821.5312.279.8610.749.87
Days of Inventory outstanding
N/AN/A0.000.00N/A391.920.00391.00424.96N/AN/A391.92
Operating Cycle
10.078.067.3111.459.87413.1323.78412.53437.249.8610.749.87
Days of Payables Outstanding
9.541.440.001.480.143.530.290.693.1317.790.340.14
Cash Conversion Cycle
0.536.617.309.979.72409.6023.48411.84434.10-7.9210.409.72
Debt Ratios
Debt Ratio
0.290.380.360.270.330.310.290.350.370.350.350.33
Debt Equity Ratio
0.530.810.690.450.580.530.480.640.690.640.640.58
Long-term Debt to Capitalization
0.340.440.410.310.340.340.320.360.400.330.390.34
Total Debt to Capitalization
0.340.440.410.310.360.340.320.390.410.390.390.36
Interest Coverage Ratio
1.020.711.211.801.871.962.14N/AN/AN/A2.301.87
Cash Flow to Debt Ratio
0.080.070.090.160.130.160.160.150.140.160.210.13
Company Equity Multiplier
1.802.081.931.671.711.701.651.801.871.821.831.71
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.400.310.310.400.380.400.400.450.440.450.550.38
Free Cash Flow / Operating Cash Flow Ratio
-8.65-2.89-0.240.900.860.840.770.790.790.810.800.84
Cash Flow Coverage Ratio
0.080.070.090.160.130.160.160.150.140.160.210.13
Short Term Coverage Ratio
N/AN/AN/AN/A1.64N/AN/A1.705.110.77N/AN/A
Dividend Payout Ratio
-121.99%-103.37%1320.50%104.96%115.95%556.49%310.91%262.29%153.91%87.70%104.14%556.49%