--- title: PulteGroup (PHM) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/phm ticker: PHM as_of: 2026-10-17 sector: Consumer Cyclical industry: Residential Construction --- # PulteGroup (PHM) PulteGroup (PHM) closed at $113.55 on Oct 16, 2026, undervalued by 47% vs its model value of $216.28 (from a five-year discounted cash flow). ## Key figures | Figure | Value | | --- | ---: | | Last close | $113.55 (Oct 16, 2026) | | Model value (from a five-year discounted cash flow) | $216.28 | | Price vs model | undervalued by 47% vs model | | Range of that model | $161.54 – $348.81 | | Market value | $21.6B | | P/E (fiscal 2025) | 10.2 | | Net margin (fiscal 2025) | 12.8% | | Free cash flow (fiscal 2025) | $1.7B | | Dividend yield (trailing twelve months) | 0.92% | | Beta | 1.16 | | Cost of capital (WACC) | 9.67% | | Business classification | Cyclical (Low/slowing growth (~4% recent), Moderate margins (13% net margin), Highly cyclical earnings, Strong FCF yield (8.1%)) | ## On the stock lists | List | Place | Figure | Page | | --- | ---: | ---: | --- | | Lowest P/E | #18 | 10.2× | https://sweetvaluelab.com/lists/lowest-pe | | Near 52-week lows | #20 | +3.8% | https://sweetvaluelab.com/lists/near-52-week-lows | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 0.92% | | Dividends per share, last 12 months | $1.04 | | Dividends / free cash flow (fiscal 2025) | 10.1% | | Raised | 8 years in a row | | Growth over 5 years | 13.2% a year | | Latest payment | $0.26, ex-date Sep 15, 2026, paid Oct 2, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Sep 17, 2021 | $0.56 | | To Sep 21, 2022 | $0.60 | | To Sep 15, 2023 | $0.64 | | To Sep 17, 2024 | $0.80 | | To Sep 16, 2025 | $0.88 | | Trailing twelve months (to Sep 15, 2026) | $1.04 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $216.28 | $161.54 | $348.81 | | DCF · Perpetuity growth · 10y | cross check | $227.80 | $173.47 | $356.58 | | DCF · EBITDA exit · 5y | cross check | $194.39 | $130.90 | $269.38 | | DCF · EBITDA exit · 10y | cross check | $211.13 | $152.13 | $290.22 | | P/E · peers | cross check | $132.93 | $120.28 | $146.83 | | P/E · own history | cross check | $85.09 | $67.07 | $108.17 | | PEG | sanity check | $80.52 | $80.52 | $80.52 | | EV/EBITDA · peers | cross check | $142.81 | $122.29 | $156.14 | | EV/Revenue · peers | cross check | $84.83 | $66.23 | $125.94 | | Earnings power value | cross check | $121.84 | $106.78 | $142.41 | | Dividend discount | cross check | $19.51 | $13.94 | $29.72 | ## Insider activity (SEC Form 4) No open-market insider buys or sales filed in the past 90 days. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Jul 30, 2026 | BLAIR BRYCE | Director | Bona fide gift | 7,639 | $0 | | Jul 30, 2026 | BLAIR BRYCE | Director | Bona fide gift | 7,639 | $0 | | Jun 22, 2026 | HENRY KEVIN A | EVP and Chief People Officer | Tax withholding | 2,093 | $263,749.4 | | May 27, 2026 | Koart Matthew William | Exec. VP & COO | Open-market sell | 7,457 | $894,840 | | May 18, 2026 | Koart Matthew William | Exec. VP & COO | Tax withholding | 6,861 | $766,854 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Aug 12, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/822416/000082241626000038/phm-20260811.htm | | Jul 22, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/822416/000082241626000036/phm-20260630.htm | | Jul 22, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/822416/000082241626000034/phm-20260722.htm | | May 1, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/822416/000082241626000026/phm-20260429.htm | | Apr 23, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/822416/000082241626000023/phm-20260331.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Greenhaven | 2026-06-30 | 5,455,949 | $748.6M | | Third Avenue | 2026-06-30 | 95,111 | $13.1M | | Bridgewater | 2026-06-30 | 15,969 | $2.2M | | First Eagle | 2026-06-30 | 4,732 | $649,278 | 4 tracked managers in all. ## About PulteGroup, Inc. engages in the homebuilding business. The firm is also involved in mortgage banking and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment includes operations from Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington. The Financial Services segment is composed of mortgage banking and title operations. The company was founded by William J. Pulte in 1950 and is headquartered in Atlanta, GA. --- Source: https://sweetvaluelab.com/stocks/phm (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.