American Homes 4 Rent (AMH) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

American Homes 4 Rent

NYSE•Real Estate•REIT - Residential

$31.02-0.26(-0.01%)Market closed

Market Cap

$11.19B

P/E

20.6x

P/S

6.0x

P/B

1.6x

American Homes 4 Rent is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on developing, renovating, leasing and managing homes as rental properties. As of June 30, 2026, we owned over 61,000 single-family properties in the Southeast, Midwest, Southwest and Mountain West regions of the United States. American Homes 4 Rent was established on October 19, 2012 and incorporated in Maryland and is based in Las Vegas, United States.

How this company scores

GoodMetricSide Score: 68/100

Strongest: Cash & Earnings Quality (21/25); weakest: Balance Sheet & Red Flags (11/25).

Profitability19/25

Growth17/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality21/25

Strengths

Cash-backed earningsConsistent free cash flowProfit converts from growthConsistent growth

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 20.6x5y range 19.1x – 69.5x

Currently below its 20-quarter median.

P/S · 6.0x5y range 5.5x – 11.2x

Currently near its 20-quarter median.

P/B · 1.6x5y range 1.5x – 2.4x

Price & Volume

Market Cap $11.19B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.88B
Q. Revenue: $470.10M
TTM EBITDA: $784.92M
TTM Op. Income: $277.50M
Q. Op. Income: $72.33M
TTM Net Income: $542.82M
Q. Net Income: $132.92M
EPS: $0.31
Shares Out.: $360.63M

$1.88B in TTM revenue grew 4.3% YoY, reaching $470.10M last quarter. TTM EBITDA of $784.92M and TTM operating income of $277.50M show growth is flowing through to the bottom line. TTM net income of $542.82M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 42.5%
Op. Margin: 15.4%
Net Margin: 28.3%

Op. margin of 15.4% is up 0.7% YoY — cost efficiency is improving. Net margin at 28.3% Over the past year, operating margin is up 5% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 20.6x
P/S Ratio: 6.0x
P/B Ratio: 1.6x

At 20.6x P/E, the stock trades within typical market levels. P/S of 6.0x and P/B of 1.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 25% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $13.12B
Cash: $83.67M
Long-Term Debt: $5.13B
Book Value: $6.81B
D/E Ratio: 0.8
Debt/EBITDA: 25.7

With $13.12B in assets and $5.13B in long-term debt, D/E is 0.8and book value is $6.81B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $292.63M
TTM Free Cash Flow: $820.61M
FCF Margin: 43.8%
FCF / Net Income: 1.5

TTM FCF of $820.61M on $292.63M in operating cash flow. The FCF / Net Income ratio of 1.5x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 3% — an improving trend.