Invitation Homes Inc (INVH) is overvalued and Mid-America Apartment Communities Inc (MAA) is overvalued.
Both trade above our estimate of their intrinsic value. MAA is the closer of the two: -152%, against -153% for INVH.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.0% (average of 3 methods) values the shares at $10.74; the price of $27.14 is 153% above that value, and 80% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
Discounting its cash flows at 7.9% (average of 3 methods) values the shares at $47.24; the price of $119.15 is 152% above that value, and 80% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | INVH | MAA |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $27.14 | $119.15 |
| Intrinsic value | $10.74 | $47.24 |
| Margin of safety | -153% | -152% |
| Leak Score | 0/100 (2/12) | 0/100 (2/12) |
| Market cap | $16.0B | $14.2B |
| Revenue growth, 5 years | 10.1% | 5.7% |
| Operating margin | 25.9% | 27.8% |
| Net margin | 11.8% | 18.0% |
| Return on equity | 7.0% | 7.1% |
| Debt to equity | 0.95 | 1.05 |
| P/E | 48.5x | 34.8x |
| Forward P/E | 36.5x | 38.0x |
| P/B | 1.8x | 2.5x |
| Dividend yield | 4.4% | 5.1% |