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Eagle Materials Inc (EXP) Fair Value & Analysis

Basic Materials · US · Market cap $6.6B

EM Eagle Materials Inc logo Eagle Materials Inc EXP · US
Price$214.29
Fair Value$131.82
Upside-38.5%
Quality59/100
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Expensive Growth
Solidly profitable · 18.4% net margin
Moderate debt · generates free cash flow
0.48% dividend yield
Mixed vs. peers (7/15)
Wide moat 73/100
Evidence: High Range $87.93 – $245.06 Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jul 17, 2026, revised from $131.43 to $131.82 (+0.3%) since Jul 16, 2026. Share price +5.2% over the past month.

A solid business, but screening 38% overvalued on our models.

What matters now

  • The model range is unusually wide ($87.93 to $245.06). 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.
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Price vs Fair Value (5 years)

$312.76 $101.34 Fair Value $131.82 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range $101.34 – $312.76 · fair‑value band $87.93 – $245.06 · the $214.29 price screens above the $131.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Eagle Materials Inc (EXP) currently trades at $214.29, while our model-based Fair Value estimate is $131.82, implying the stock looks roughly 38.5% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Eagle Materials Inc generated revenue of $2.3B at a net margin of 18.4%. Revenue grew 1.9% year over year. It earns a return on equity of 28.9%. Net debt stands at $1.5B. Fundamentals as of Jul 17, 2026

Our scenario range runs from $87.93 (bear case) to $245.06 (bull case); at $214.29, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 12% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -38%, EXP screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $24.63 $59.70 $108.94 80
Residual Income $95.27 $143.38 $1,276 76
Rev-Margin DCF $26.83 $73.99 $129.65 74
All 26 models by family
DCF Models
FCF DCF $24.01 $64.64 $125.93 38
Owner Earnings $14.82 $50.18 $103.52 31
5Y Revenue Exit $26.83 $74.33 $135.79 39
5Y EBITDA Exit $79.93 $175.80 $290.26 41
5Y P/E Exit $79.21 $174.42 $276.84 38
10Y Revenue Exit $22.71 $65.55 $124.80 36
10Y EBITDA Exit $58.44 $135.22 $242.35 37
10Y P/E Exit $57.99 $134.27 $232.14 35
Earnings-Based
Graham-Dodd $93.28 $321.10 $431.13 54
Lynch FV $74.13 $105.90 $137.67 50
PEG = 1.0 $74.13 $105.90 $137.67 46
EPV $83.42 $103.99 $121.74 59
Dividend Discount
Gordon GGM $9.21 $18.34 $27.78 70
DDM Multi-Stage $9.21 $15.67 $19.36 61
Multiples
P/E Multiple $174.90 $233.20 $291.50 63
P/S Multiple $84.07 $112.09 $140.11 58
P/B Multiple $107.41 $143.21 $179.01 55
EV/EBIT $143.77 $207.31 $270.85 53
EV/EBITDA $129.31 $188.02 $246.74 54
EV/Revenue $31.62 $65.25 $98.87 43
Asset-Based
NCAV (Graham) $23.87 $31.98 $47.74 50
Growth DCF
Growth DCF $24.63 $59.70 $108.94 80
Rev-Margin DCF $26.83 $73.99 $129.65 74
Economic Profit
Residual Income $95.27 $143.38 $1,276 76
ROIC Compounder $91.66 $129.28 $175.15 72
Growth Earnings
Growth-Adj P/E $154.15 $220.21 $286.28 68

Widest divergence: Growth Earnings ($220.21) versus Dividend Discount ($15.67). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $2.3B
Revenue growth (YoY) +1.9%
Net margin 18.4%
Return on equity 28.9%
Free cash flow $197M FY2026
P/E ratio 16.3
More key figures
Operating margin 17.4%
EPS (TTM) $13.16
Dividend yield 0.5%
EPS growth (YoY) -4.4%
Net debt $1.5B FY2026

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 57 · Market factors (momentum, volatility) 41

Profitability 63
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 39
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
$2.3B
Latest YoY
+2.1%
Avg. growth/yr (3Y)
+2.4%
Avg. growth/yr (5Y)
+7.3%
Avg. growth/yr (32Y)
+8.6%
Revenue +5.5%/yr
FY22 $1.9B
FY23 $2.1B
FY24 $2.3B
FY25 $2.3B
FY26 $2.3B
Net income +3.2%/yr
FY22 $374M
FY23 $462M
FY24 $478M
FY25 $463M
FY26 $424M

EXP screens 38% overvalued. Compare with CRH plc →

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Cite: Fair Value Calculator (2026). "Eagle Materials Inc Fair Value". https://www.fairvalue-calculator.com/stock/EXP

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Building Materials · 254 stocks

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.

Quality Score 59 · Above median
Fair Value upside −39% · Below median
Return on equity (TTM) 29% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth 2% · Above median
Dividend yield (TTM) 0.5% · Below median
Debt / equity 1.18× · Higher than 75% of peers

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 16.3× · Cheaper than median
P/B 4.48× · Pricier than 75% of peers
P/S (TTM) 2.86× · Pricier than 75% of peers
P/FCF 33.5× · Pricier than 75% of peers
EV/EBITDA 11.1× · Pricier than 75% of peers
PEG 2.09× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 28
FUTURE 10 · sector 2
PAST 100 · sector 15
HEALTH 41 · sector 92
DIVIDEND 10 · sector 42

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
China Jushi Co 600176 ¥54.52 ¥13.95 -74%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%

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Frequently asked questions

Is Eagle Materials Inc (EXP) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of $131.82 versus a price of $214.29, about −38% (overvalued).
What is the fair value of EXP?
Our model-based fair value for Eagle Materials Inc is $131.82 (as of Jul 17, 2026), built from audited fundamentals. The current price is $214.29.
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 revenue of Eagle Materials Inc (EXP)?
Eagle Materials Inc reported trailing-twelve-month revenue of about $2.3B (latest available figure, as of Jul 17, 2026).
What is the net profit margin of EXP?
The net profit margin of Eagle Materials Inc is about 18.4%, meaning it keeps roughly 18.4% of revenue as net income. Based on the latest reported figures.
Does Eagle Materials Inc pay a dividend?
Eagle Materials Inc currently shows a dividend yield of about 0.46% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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