MHO
M/I Homes, Inc. Consumer Cyclical - Residential Construction Investor Relations →
M/I Homes, Inc. (MHO) closed at $120.38 as of 2026-03-20, trading 14.7% above its 200-week moving average of $104.99. The stock is currently moving closer to the line, down from 23.0% last week. The 14-week RSI sits at 40, indicating neutral momentum.
Trading volume is running at 1.5x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.24 ratio) is neutral — neither side is clearly dominating.
Over the past 1641 weeks of data, MHO has crossed below its 200-week moving average 20 times. On average, these episodes lasted 25 weeks. Historically, investors who bought MHO at the start of these episodes saw an average one-year return of +45.6%.
With a market cap of $3.1 billion, MHO is a mid-cap stock. The company generates a free cash flow yield of 1.7%. Return on equity stands at 13.2%. The stock trades at 1.0x book value.
The company has been aggressively buying back shares, reducing its share count by 6.1% over the past three years.
Over the past 31.5 years, a hypothetical investment of $100 in MHO would have grown to $3148, compared to $2377 for the S&P 500. That represents an annualized return of 11.6% vs 10.6% for the index — confirming MHO as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -9.9% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: MHO vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After MHO Crosses Below the Line?
Across 20 historical episodes, buying MHO when it crossed below its 200-week moving average produced an average return of +59.0% after 12 months (median +56.0%), compared to +15.6% for the S&P 500 over the same periods. 70% of those episodes were profitable after one year. After 24 months, the average return was +100.2% vs +33.0% for the index.
Each line shows $100 invested at the moment MHO crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
MHO has crossed below its 200-week MA 20 times with an average 1-year return of +45.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 1994 | Oct 1995 | 52 | 47.1% | +33.8% | +2908.8% |
| Jan 1996 | Jan 1996 | 1 | 0.8% | N/A | +2251.7% |
| Feb 1996 | Dec 1996 | 47 | 22.4% | -4.7% | +2307.0% |
| Jan 1997 | Apr 1997 | 13 | 4.3% | +104.8% | +2365.0% |
| Nov 1999 | Apr 2000 | 21 | 16.3% | +59.7% | +1567.5% |
| Jun 2000 | Jul 2000 | 4 | 3.0% | +121.7% | +1465.3% |
| Jan 2006 | Jan 2006 | 2 | 4.1% | -9.2% | +211.7% |
| Mar 2006 | Mar 2006 | 1 | 2.1% | -26.7% | +202.4% |
| May 2006 | Dec 2010 | 241 | 82.5% | -28.9% | +202.1% |
| Jan 2011 | Mar 2011 | 7 | 7.2% | -7.2% | +793.7% |
| Apr 2011 | Jan 2012 | 41 | 57.8% | -11.2% | +777.4% |
| Feb 2012 | Mar 2012 | 2 | 5.8% | +80.0% | +894.1% |
| Dec 2015 | Dec 2015 | 2 | 3.9% | +23.6% | +472.7% |
| Jan 2016 | Jul 2016 | 29 | 26.5% | +32.5% | +536.3% |
| Oct 2016 | Nov 2016 | 3 | 4.4% | +49.1% | +463.8% |
| Sep 2018 | Sep 2018 | 1 | 2.6% | +48.2% | +396.4% |
| Sep 2018 | Jan 2019 | 17 | 14.4% | +54.6% | +403.1% |
| Mar 2020 | May 2020 | 10 | 54.7% | +132.8% | +401.0% |
| Jun 2022 | Jun 2022 | 2 | 14.4% | +118.3% | +235.4% |
| Aug 2022 | Nov 2022 | 13 | 16.4% | +139.9% | +186.5% |
| Average | 25 | — | +45.6% | — |
Frequently Asked Questions
Is MHO below its 200-week moving average?
No. M/I Homes, Inc. (MHO) is currently 14.7% above its 200-week moving average of $104.99. It would need to fall to $104.99 to cross below the line.
What is MHO's 200-week moving average price?
M/I Homes, Inc.'s 200-week moving average is $104.99 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when MHO drops below its 200-week moving average?
MHO has crossed below its 200-week moving average 20 times in our data. On average, buying at that moment produced a one-year return of +45.6%. These dips have historically been decent entry points. These episodes lasted 25 weeks on average.
Is MHO a good value right now?
Here's what our data says about MHO as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 40. Free cash flow yield is 1.7%. Return on equity is 13.2%. Price-to-book is 1.0x. This is not a buy or sell recommendation — always do your own research.
How does MHO compare to the S&P 500?
Over the past 31.5 years, $100 invested in MHO would have grown to $3148, compared to $2377 for the S&P 500. That's 11.6% annualized vs 10.6% for the index. MHO has outperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20