Invitation Homes Inc. (INVH) stock analysis

P/E below its 5-year median

Invitation Homes's P/E of 23.6 is below its own 5-year median of 44.2.

P/E above the industry

Invitation Homes's P/E of 23.6 is above the Real Estate median of 23.6.

EV/EBITDA against its history

Needs positive EBITDA and price history.

P/B above the industry

Invitation Homes's price-to-book of 1.76 is above the Real Estate median of 1.26.

Trading below fair value

The share price of $26.88 is below our fair value estimate of $33.14.

Margin of safety under 20%

The price is 18.9% below fair value, less than the 20% cushion we look for.

Revenue growing under 10% a year

Revenue grew 6.8% a year over the last three fiscal years, short of the 10% we look for.

EPS growing 10%+ a year

Diluted EPS grew 15.1% a year over the last three fiscal years.

Earnings growth not accelerating

Net income grew 16.4% over the last twelve months, against a 5-year average of 24.5% a year.

Growing faster than the industry

Revenue grew 7.2% over the last twelve months; the Real Estate median is 3.3%.

Guidance raised

Invitation Homes raised its FY 2026 Wholly owned dispositions outlook on Oct 28, 2026.

Gross margin trend

This company does not report gross profit.

Return on equity under 15%

Return on equity was 7.4% over the last twelve months and averaged 4.5% over five years; we look for 15% on both.

Return on invested capital

Needs operating income and invested capital.

Return on equity above the industry

Invitation Homes's return on equity of 7.4% is above the Real Estate median of -4.3%.

Earnings grew over 5 years

Net income grew 24.5% a year on average over the last five fiscal years.

Net margin above its 5-year average

Net margin was 23.5% over the last twelve months, against a 5-year average of 18.1%.

Net margin above the industry

Invitation Homes's net margin of 23.5% is above the Real Estate median of -7.6%.

No debt

Invitation Homes has no borrowings on its latest balance sheet.

Debt not rising

With no debt today, leverage cannot have risen.

Debt covered by cash flow

There is no debt to cover.

Interest well covered

No meaningful interest expense to cover.

Short-term liquidity

The balance sheet is not split into current and non-current items.

Elevated bankruptcy risk

The Altman Z-score is 1.00; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

Invitation Homes paid dividends worth 4.5% of the share price over the last twelve months.

Yield above Treasuries

The 4.5% yield is above the 4.4% on a 1-year Treasury.

Yield in the top quarter

The top quarter of US dividend payers yield 3.8% or more; Invitation Homes yields 4.5%.

Dividend was cut

The dividend per share fell by more than 10% at least once in the last 9 fiscal years.

Not covered by earnings

Dividends take 105% of net income, leaving little room.

Cash-flow cover

Needs dividends paid and free cash flow.