Screened 2026-08-21 · the tape above runs as of 22:26 UTC · 7 Sep · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its distribution label.
D. R. Horton holds its Distribution at $148.35. The statistical read favours the sellers, held for 230 days.
As held on the ledger · 2026-08-21
Phase
Distribution · caution
Quantitative state
The statistical read favours the sellers, held for 230 days
Price at the screen
$148.35
Valuation
14.14 trailing · 12.61 forward price to earnings
Values screen
PASS· score 91.1
Beta
1.38
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
17.00%
Below 33%
Interest-bearing debt is just 17.0% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
9.71%
Below 49%
Money owed to the company is 9.7% of assets, under the 49% limit.
Pass
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
What the Numbers Say It Is Worth
The Fair Value Range
Our framework reads OPPORTUNITY: it trades at roughly a 19% discount to our $175.95 fair value, narrow competitive moat.
Fair value range in USD, drawn from the 2026-08-21 screen. The gold marker is the market price at the same screen. A 18.6% margin of safety to the base estimate.
Third-party analyst targets: 12 covering, consensus Hold. The average target sits +6% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-08-21 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Home sales dip but builders keep margins
Picture a family signing for their first house just as mortgage rates bite and volumes slow. D.R. Horton still clears a 10 percent profit margin and 13 percent return on equity while the shares trade at 12.4 times forward earnings, well below our assessed value. The narrow moat and ethical pass give it room to compound if the cycle turns.
Yet this is classic cyclical ground. Revenue already fell 2 percent and low multiples on peak earnings often signal a value trap rather than a bargain. Analyst consensus sits at hold with a 173 dollar median target, so any recovery must overcome both higher rates and softer demand.
The 26 percent margin of safety offers a buffer, but only if housing volumes stabilise faster than the numbers currently imply. Analysis, not advice.
DHI trades on a US exchange. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-26Markup · changed$148.35-0.7%Entry 5
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.7% since our last review. Ethical screening: PASS with near-perfect ethical score. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are up 17%. Our forward projection puts the odds of a 10% gain over the next month near 22%. The street (12 analysts) rates it hold, with a mean price target of $163.
2026-07-26Distribution$149.39+2.6%Entry 4
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 2.6% since our last review. Ethical screening: PASS with near-perfect ethical score. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are up 17%. Our forward projection puts the odds of a 10% gain over the next month near 22%. The street (14 analysts) rates it hold, with a mean price target of $165.
2026-07-18Distribution$145.60+0.0%Entry 3
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with near-perfect ethical score. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are up 17%. Our forward projection puts the odds of a 10% gain over the next month near 22%. The street (14 analysts) rates it hold, with a mean price target of $165.
2026-07-03Distribution$145.60+0.0%Entry 2
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with near-perfect ethical score (91). The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Distribution$145.60Entry 1
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with near-perfect ethical score (91). The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.