Eagle Materials Inc (EXP) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Eagle Materials Inc stock $133, price $186, that is 28.6% below the price, quality 59 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $101.20 – $312.34 · fair‑value band $72.94 – $224.86 · the $186.04 price screens above the $132.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Eagle Materials Inc., through its subsidiaries, manufactures and sells heavy construction products and light building materials in the United States. The company operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard.
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It engages in the mining of limestone for the manufacture, production, distribution, and sale of portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades.
The company is also involved in the manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.
Its products are used in commercial and residential construction; public construction projects to build, expand, and repair roads and highways; and repair and remodel activities.
The company was formerly known as Centex Construction Products, Inc. and changed its name to Eagle Materials, Inc. in January 2004. Eagle Materials Inc. was founded in 1963 and is headquartered in Dallas, Texas.
Stock analysis
Eagle Materials Inc (EXP) currently trades at $186.04, while our model-based Fair Value estimate is $132.90, 29% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $221.79 per share, and 5 of the 26 models we run sit above the $186.04 price.
Bear case: the Dividend Discount group reads lowest at $15.01, and 21 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $72.94 (bear) to $224.86 (bull), the price of $186.04 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Eagle Materials Inc reported revenue of $2.3B in FY2026 versus $1.9B in FY2022, a compound +5.5%/yr. Reported net income was $424M in FY2026, compounding +3.2%/yr from FY2022.
Key figures
Market cap $5.9B Mid · P/E ratio 15.4 · P/S ratio 2.52 · EPS (TTM) $12.08 · Dividend yield 0.5% · Net margin 17.3% · Return on equity 27.0% · Return on assets (EBIT) 18.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 76 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at −29%, EXP screens richer than that median.
Fair Value models
Bear$72.94Fair Value $132.90Bull$224.86
Price $186.04 · Downside -28.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then ($6.77 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 2 officers or directors sold shares worth $1.7M and none bought.
SaleTony ThompsonSenior Vice President3,074 shares at $203.96$626,973Aug 24, 2026
SaleMargot Lebenberg CarterDirector5,215 shares at $204.87$1.1MAug 3, 2026
Plus 33 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+2.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.3%
Start year 2021 (pandemic). Over 10 years: +7.3% a year
Revenue growth 32 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+14.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.4%
Dividend (yield on the price)0.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.10.7% vs 13.8%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.22% → 24%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+23.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +20.4% a year for the price and −0.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (96 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Moderate profitability traits support Eagle Materials cement volumes from infrastructure work, yet thin evidence of a durable moat and ongoing cyclical pressures in building materials limit resilience.
Main risk: Stricter EPA Good Neighbor Plan and FIP NOx limits could require capital spending on controls or constrain operations at Eagle's plants in Nevada, Oklahoma and Texas, raising costs and pressuring cement margins.
Bull case: By completing plant modernizations and adopting efficiency technologies the company could lower unit costs enough to offset regulatory compliance expenses and maintain or expand regional market share.
Bear case: If compliance costs rise sharply or production is curtailed at affected plants while Texas competition intensifies, sustained margin compression in cement could limit cash flow for further investment and growth.
Eagle Materials is pushing ahead with upgrades at its Mountain Cement plant, now around sixty percent complete, and its Duke Wallboard facility at about thirty percent, targeting lower production costs and extra capacity. Cement volumes have held up from infrastructure work, but wallboard demand stays soft while freight and other costs remain high. Will the projects deliver the expected savings in time to ease margin pressure, or will delays leave the business exposed to ongoing industry challenges?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Building Materials · 259 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−28.6% · Below median
Profitability
Return on equity (12 months)27.0% · Top 25%
Return on assets11.0% · Top 25%
Net margin (12 months)17.3% · Top 25%
Operating margin (12 months)21.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)2.6% · Above median
Dividend yield (12 months)0.5% · Bottom 25%
Balance sheet
Debt / equity1.18× · Highest 25%
Valuation Multiplesvs Building Materials median · lower = cheaper
P/E (12 months)15.4× · Cheaper than median
P/B3.97× · Priciest 25%
P/S (12 months)2.52× · Priciest 25%
Price / free cash flow (fiscal year)29.7× · Pricier than median
EV/EBITDA10.4× · Pricier than median
PEG2.09× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)13· sector 12
PAST (return on equity)100· sector 18
HEALTH (low debt)41· sector 92
DIVIDEND (yield)11· sector 47
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Eagle Materials Inc (EXP) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $132.90 versus a price of $186.04, about 29% lower (overvalued).
What is the fair value of EXP?
Our model-based fair value for Eagle Materials Inc is $132.90 (as of Nov 5, 2026), built from audited fundamentals. The current price: $186.04.
What is the quality score of EXP?
Eagle Materials Inc has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Eagle Materials Inc (EXP)?
Our model-based price target is the fair value of $132.90 (as of Nov 5, 2026) from 26 valuation models. Cautious scenario $72.94, optimistic scenario $224.86. It is a calculation from audited fundamentals, not an analyst target.
What is the Eagle Materials Inc stock forecast for 2026?
Our models put fair value at $132.90, about 29% lower versus a price of $186.04 (overvalued). Cautious scenario $72.94, optimistic scenario $224.86. The calculation is refreshed regularly with new filings.
What is the revenue of Eagle Materials Inc (EXP)?
Eagle Materials Inc reported trailing-twelve-month revenue of about $2.3B (latest available figure, as of Nov 5, 2026).
Does Eagle Materials Inc pay a dividend?
Eagle Materials Inc currently shows a dividend yield of 0.54% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Eagle Materials Inc (EXP) and when is the ex-dividend date?
Eagle Materials Inc pays a dividend of $1.00 per share a year, a dividend yield of 0.5%. The last ex-dividend date was Sep 14, 2026. A dividend has been paid every year since at least 1996. The payout ratio is 8.3% of earnings. Free cash flow covers the dividend 6.44 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Eagle Materials Inc (EXP)?
For today's price to be fair in a discounted-cash-flow model, Eagle Materials Inc would have to grow free cash flow by +23.3 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.3 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of EXP use?
Our models discount Eagle Materials Inc at 10.5 %: a base by market capitalisation (mid), damped by beta 1.31, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Eagle Materials Inc that is +23.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Eagle Materials Inc (EXP) delivered so far?
Over the past 5 years revenue at Eagle Materials Inc grew +7.3 % a year. The price currently implies free-cash-flow growth of +23.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Eagle Materials Inc (EXP) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Eagle Materials Inc (+23.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Eagle Materials Inc (EXP)?
The free-cash-flow yield on the price is 3.37 %: that much free cash flow Eagle Materials Inc produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Eagle Materials Inc (EXP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Eagle Materials Inc it is $132.90 per share (as of Nov 5, 2026), against a price of $186.04. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Eagle Materials Inc stock overvalued or undervalued in 2026?
As of Nov 5, 2026, EXP trades above its calculated fair value: price $186.04, fair value $132.90, a gap of about −29% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EXP?
No. The price is what the market pays today ($186.04); the fair value is what the company's own numbers justify ($132.90). For Eagle Materials Inc the two are $53.14 per share apart. That gap is exactly why we show both numbers side by side.
How much is Eagle Materials Inc worth?
The market values Eagle Materials Inc at about $5.9B (market capitalisation, as of Nov 5, 2026). Per share that is $186.04; our models calculate a fair value of $132.90 per share.
What do the bullish and bearish scenarios say about EXP?
Our models span a range for Eagle Materials Inc: cautious scenario $72.94, base $132.90, optimistic $224.86 per share (as of Nov 5, 2026, price $186.04). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EXP?
Eagle Materials Inc trades at a price-to-earnings ratio of 15.4 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $132.90 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings, 5 of the years ex one-offs: 16.8. Other multiples: PEG 2.1, P/B 4.0, P/S 2.5, EV/EBITDA 10.4.
What is the PEG ratio of EXP?
The PEG ratio of Eagle Materials Inc is 2.09 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Eagle Materials Inc (EXP)?
Balance-sheet figures for Eagle Materials Inc (as of Nov 5, 2026): return on equity 27.0%, debt of 1.18 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is EXP from its 52-week high?
Eagle Materials Inc trades at $186.04, about 22% below its 52-week high of $239.32 and 14% above the low of $163.34 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $132.90 is for.
Which stocks are comparable to Eagle Materials Inc?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Eagle Materials Inc stock attractive at the current price?
The data as of Nov 5, 2026: price $186.04, calculated fair value $132.90 (−29%), Quality Score 59/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of EXP calculated?
We run Eagle Materials Inc through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $132.90 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Eagle Materials Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Eagle Materials Inc (EXP)?
The closing price on Nov 6, 2026 was $186.04. Our model-based fair value is $132.90, about 29% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Eagle Materials Inc right now?
The model range is unusually wide ($72.94 to $224.86). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Eagle Materials Inc (EXP) come from?
Earnings per share at Eagle Materials Inc grew +15.9 % a year from 2015 to 2026. Broken into its drivers: revenue per share +12.8 %, EBIT margin +2.5 %, tax rate +1.2 %, residual (interest, one-offs) −1.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Eagle Materials Inc
How large is the market capitalisation of Eagle Materials Inc (EXP)?
The market capitalisation of Eagle Materials Inc is $5.9B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Eagle Materials Inc (EXP)?
The price-to-sales ratio of Eagle Materials Inc is 2.52 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Eagle Materials Inc (EXP)?
Earnings per share at Eagle Materials Inc are $12.08 (price ÷ EPS = P/E 15.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Eagle Materials Inc (EXP)?
The dividend yield of Eagle Materials Inc is 0.5% (payout 8.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Eagle Materials Inc (EXP)?
The net margin of Eagle Materials Inc is 17.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Eagle Materials Inc (EXP)?
The return on equity (ROE) of Eagle Materials Inc is 27.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Eagle Materials Inc (EXP)?
On an EBIT basis the return on assets of Eagle Materials Inc is 18.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Eagle Materials Inc (EXP)?
The operating margin of Eagle Materials Inc is 21.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Eagle Materials Inc (EXP)?
Revenue at Eagle Materials Inc is growing +2.6% versus a year earlier (3y avg +2.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Eagle Materials Inc (EXP)?
Earnings per share at Eagle Materials Inc are growing −12.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Eagle Materials Inc (EXP) carry?
The net debt of Eagle Materials Inc is $1.5B (fiscal year 2026, ≈ 7.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 5, 2026