HOME DEPOT, INC.
HD · NYSE · CIK 0000354950
SIC 5211
Retail-Lumber & Other Building Materials Dealers
Category
Retail
Entity
operating
Incorp.
DE
Fiscal Y/E
0131
Source: SEC EDGAR · All filings on SEC →
Investment Indicators
$311.40
-6.05 (-1.91%)
Open
$316.50
High
$317.12
Low
$309.71
Prev Close
$317.45
Volume
3,578,471
52W High
$421.19
52W Low
$310.40
50-day MA
$338.45
Quote as of: 2026-05-11
Market Cap
$321.36B
P/E
22.67
P/B
24.52
PEG
2.88
EPS
14.23
BPS
12.86
Dividend Yield
2.86%
Beta
1.00
ROE
110.48%
ROA
13.47%
D/E Ratio
7.20
Current Ratio
1.06
Gross Margin
82.91%
Operating Margin
31.57%
Net Margin
21.39%
Book Value/Share
$12.86
Intrinsic Value Estimates
Multiple valuation methods, each with its own assumptions — outputs can diverge widely
Median consensus (6 methods)
$106.94B
| Method | Implied market cap | vs current |
|---|---|---|
Graham Number √(22.5 × 순이익 × 자본) | $63.88B | +403% |
Graham Formula 순이익 × (8.5 + 2 × 성장률%) | — | N/A |
Justified P/E 순이익 × 산업 평균 P/E | $212.34B | +51% |
P/B 배수 자본 × 산업 평균 P/B | $19.22B | +1572% |
P/S 배수 매출 × 산업 평균 P/S | $132.35B | +143% |
DCF (Gordon) CF × (1+g) / (r − g) | $145.44B | +121% |
DDM (Gordon) D × (1+g) / (r − g) | $81.54B | +294% |
▶ Detailed analysis — formula walk-through & scenarios
Why this conclusion
Of the 7 valuation methods, 6 were applicable. Their median fair-value lands +200.5% below the current market cap → the stock trades above most formulas' estimates (overvalued). 6 methods flag overvalued, 0 flag undervalued, the rest land within fair range. Read each formula's assumptions below before treating any single number as the answer.
Graham Number
Overvalued +403.0%√(22.5 × 순이익 × 자본)
Current
$321.36B
Implied fair
$63.88B
Gap (current − fair)
+$257.48B(+403.0%)
NetIncome = $14.16B Equity = $12.81B √(22.5 × $14.16B × $12.81B) = $63.88B
- 최대 PER 15배
- 최대 PBR 1.5배
- 안정적 흑자 기업 가정 (금융·고성장 부정확)
Graham Formula
순이익 × (8.5 + 2 × 성장률%)
Not applicable: -
Justified P/E
Overvalued +51.3%순이익 × 산업 평균 P/E
Current
$321.36B
Implied fair
$212.34B
Gap (current − fair)
+$109.02B(+51.3%)
NetIncome = $14.16B Industry P/E = 15× $14.16B × 15 = $212.34B
- 산업 평균 PER 15x 가정 (사용자 정의 가능)
- 동종 업종 비교가 핵심 — 산업별 평균 P/E 사용 권장
P/B 배수
Overvalued +1572.0%자본 × 산업 평균 P/B
Current
$321.36B
Implied fair
$19.22B
Gap (current − fair)
+$302.14B(+1572.0%)
Equity = $12.81B Industry P/B = 1.5× $12.81B × 1.5 = $19.22B
- 산업 평균 PBR 1.5x 가정
- 은행·보험·자산집약적 산업에 특히 유효
P/S 배수
Overvalued +142.8%매출 × 산업 평균 P/S
Current
$321.36B
Implied fair
$132.35B
Gap (current − fair)
+$189.01B(+142.8%)
Revenue = $66.18B Industry P/S = 2× $66.18B × 2 = $132.35B
- 산업 평균 PSR 2x 가정
- 매출 기반 — 적자 기업·신생 기업에 적용 가능
- 이익률 차이 무시
DCF (Gordon)
Overvalued +121.0%CF × (1+g) / (r − g)
Current
$321.36B
Implied fair
$145.44B
Gap (current − fair)
+$175.92B(+121.0%)
FCF = $16.32B Discount r = 4.0% + 5.0% = 9.0% Growth g = -2.0% $16.32B × (1 + -2.0%) / (9.0% − -2.0%) = $145.44B
- 현금흐름 입력: FCF (잉여현금흐름)
- 할인율 9.0% (무위험 4.0% + 주식위험프리미엄 5.0%)
- 영구 성장률 -2.0% (실질 GDP 수준)
DDM (Gordon)
Overvalued +294.1%D × (1+g) / (r − g)
Current
$321.36B
Implied fair
$81.54B
Gap (current − fair)
+$239.82B(+294.1%)
Dividend D = $9.15B Discount r = 9.0% Growth g = -2.0% $9.15B × (1 + -2.0%) / (9.0% − -2.0%) = $81.54B
- 배당 입력: 실제 지급 배당
- 할인율 9.0%
- 배당 영구 성장률 -2.0%
DCF sensitivity: discount rate × terminal growth
Each cell is the (current vs FCF × (1+g) / (r − g)) discount % under the assumed growth g and discount r.
| g \ r | 7% | 8% | 9% | 10% | 11% |
|---|---|---|---|---|---|
| 1% | +16.9% | +36.4% | +55.9% | +75.4% | +94.9% |
| 2% | -3.5% | +15.8% | +35.1% | +54.4% | +73.7% |
| 3% | -23.6% | -4.4% | +14.7% | +33.8% | +52.9% |
| 4% | -43.2% | -24.3% | -5.4% | +13.6% | +32.5% |
| 5% | -62.5% | -43.8% | -25.0% | -6.3% | +12.5% |
DDM sensitivity: discount rate × dividend growth
Each cell is the discount % vs Dividend × (1+g) / (r − g) under the assumed growth g and discount r.
| g \ r | 7% | 8% | 9% | 10% | 11% |
|---|---|---|---|---|---|
| 1% | +108.6% | +143.4% | +178.1% | +212.9% | +247.7% |
| 2% | +72.1% | +106.5% | +141.0% | +175.4% | +209.8% |
| 3% | +36.4% | +70.5% | +104.5% | +138.6% | +172.7% |
| 4% | +1.3% | +35.1% | +68.8% | +102.6% | +136.3% |
| 5% | -33.1% | +0.3% | +33.8% | +67.2% | +100.6% |
All estimates rest on strong assumptions. Treat the spread, not any single number, as the signal.
Financial Statements
In USD millions (per-share figures shown directly) · Financials as of: 2026-03-18
Income Statement
| FY | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Cost of Revenue | 109,818 | 106,206 | 101,709 | 104,625 | 100,325 |
| Gross Profit | 54,865 | 53,308 | 50,960 | 52,778 | 50,832 |
| Operating Expenses | 33,975 | 31,782 | 29,271 | 28,739 | 27,792 |
| Operating Income | 20,890 | 21,526 | 21,689 | 24,039 | 23,040 |
| Net Income | 14,156 | 14,806 | 15,143 | 17,105 | 16,433 |
| EPS (Basic) | 14.26 | 14.96 | 15.16 | 16.74 | 15.59 |
| EPS (Diluted) | 14.23 | 14.91 | 15.11 | 16.69 | 15.53 |
Balance Sheet
| FY | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total Assets | 105,095 | 96,119 | 76,530 | 76,445 | 71,876 |
| Current Assets | 34,391 | 31,683 | 29,775 | 32,471 | 29,055 |
| Cash & Equivalents | 1,389 | 1,659 | 3,760 | 2,757 | 2,343 |
| Total Liabilities | 92,282 | 89,479 | 75,486 | 74,883 | 73,572 |
| Current Liabilities | 32,424 | 28,661 | 22,015 | 23,110 | 28,693 |
| Long-term Debt | 49,397 | 51,365 | 42,150 | 41,150 | 36,400 |
| Total Equity | 12,813 | 6,640 | 1,044 | 1,562 | -1,696 |
Cash Flow
| FY | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating CF | 16,325 | 19,810 | 21,172 | 14,615 | 16,571 |
| Investing CF | -8,980 | -21,031 | -4,729 | -3,140 | -2,969 |
| Financing CF | -7,714 | -694 | -15,443 | -10,993 | -19,120 |
| Dividends Paid | 9,152 | 8,929 | 8,383 | 7,789 | 6,985 |
📄 SEC Filings
Proxy Statement
DEF 14A
2026-04-07
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Annual Report
10-K
2026-03-18
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Current Report
8-K
2026-02-24
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Quarterly Report
10-Q
2025-11-25
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Current Report
8-K
2025-11-24
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Current Report
8-K
2025-11-18
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Current Report
8-K
2025-11-18
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Current Report
FORM 8-K
2025-09-15
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Current Report
FORM 8-K
2025-09-10
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Quarterly Report
10-Q
2025-08-26
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Current Report
8-K
2025-08-19
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Other filings (89)
PX14A6G
INSPIRE INVESTING, LLC - PX14A6G
2026-05-07
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PX14A6G
i54262px14a6g.htm
2026-05-04
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SCHEDULE 13G
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2026-04-30
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3
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2026-04-09
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ARS
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2026-04-07
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2026-03-23
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2026-03-05
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144
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144
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D/A
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144
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144
xsl144X01/primary_doc.xml
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144
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xslSCHEDULE_13G_X01/primary_doc.xml
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144
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424B2
424B2
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424B5
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2025-08-29
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144
xsl144X01/primary_doc.xml
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144
xsl144X01/primary_doc.xml
2025-08-22
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144
xsl144X01/primary_doc.xml
2025-08-21
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SC TO-T/A
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144
xsl144X01/primary_doc.xml
2025-08-20
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144
xsl144X01/primary_doc.xml
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144
xsl144X01/primary_doc.xml
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SC TO-T/A
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SC TO-T/A
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2025-08-07
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