RESEARCH REPORT
Home Depot, Inc. (The)
HD
$329.20
As of 2026-11-01
Research note — 2026-11-01. Educational analysis, not financial advice.
The one-line version
Home Depot, Inc. (The) trades near $329.20 on a trailing multiple of about 23.0x versus its own 5-year median near 23.6x, against contested Street targets and the usual concentration and execution risks. That's the tension. Everything below is the detail.
That's the tension. Everything below is the detail.
1. What you're paying
| Now | Its own 5-year median | Gap | |
|---|---|---|---|
| P/E (trailing) | ~23.0 | ~23.6 | -2% |
| P/E (forward) | ~20.6 | — | — |
| EPS (TTM) | 14.29 | — | — |
| Gross margin | 32.8% | — | — |
What that means in plain terms: the gap versus the company's own history is the growth or durability the market is already pricing. It is not automatically wrong — it is the bet.
Fair-value anchors on file:
- 5-year median P/E multiple: $336.79 — Applies the 5-year median multiple (23.6x) to trailing EPS.
- Street mean target: $379.00 — Average published analyst target.
- Street target midpoint: $367.50 — Midpoint of $310.00–$425.00 published range.
Street targets run from $310.00 to $425.00. A wide spread means the name is contested, not consensus.
2. What the bulls are counting on
- Home Depot Is Down 24% From Its High. Here's Why I'd neutral It for a Decade.
- Dividend Income Report: +15.25% And A Listener's Portfolio Roast
- Visa Just Raised Its Dividend 16%. Here Are 3 More Blue Chips Built for Dividend Growth
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Bull case, bear case, assumptions, and what to watch next.
3. What the bears see
- Are Smaller Home Projects Sustaining Home Depot's Sales Growth?
- SGI vs. HD: Which Stock Is the Better Value Option?
- 1 cash-producing stock on our bullish list and 2 that underwhelm
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Bull case, bear case, assumptions, and what to watch next.
4. What would have to be true
For the stock to justify ~23.0x rather than its 5-year ~23.6x, roughly all of the following need to neutral:
- Growth or margin durability shows up in the next several reports, not just in narrative.
- Key revenue concentrations survive competitive and regulatory pressure.
- Execution on the current product or services cycle stays on schedule.
- The Street target range compresses as results clarify the contested assumptions.
Ask yourself honestly: how many of those would you bet on individually? Multiply your answers together.
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Bull case, bear case, assumptions, and what to watch next.
5. What to watch next
- Next earnings date: 2026-11-17
- Trailing and forward multiples versus the company's own history
- Segment growth rates in the next 10-Q / earnings release
- Material Form 4 and 13F changes
- Whether the Street high-to-low target spread narrows or widens
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Bull case, bear case, assumptions, and what to watch next.
6. What this note does not do
It doesn't tell you to buy or sell. It won't, ever.
You have the valuation in context, the strongest version of both cases, and the specific assumptions the current price depends on. What you do with that depends on your time horizon, your existing exposure, your risk tolerance, and what else you could do with the money — none of which we know.
If you want someone to tell you what to do, you want a licensed financial adviser, and that is a genuinely reasonable thing to want.
Educational and informational purposes only. Not investment advice and not a recommendation to buy or sell any security. GetStockReport is not a registered investment adviser. Figures are as of 2026-11-01 and go stale quickly — verify against primary sources before acting. All investments carry risk including loss of principal. Past performance does not guarantee future results.
8. Analyst ratings & targets
No recent activity
Analyst opinions change frequently. Past upgrades do not predict future returns.
9. Important news
Nov 4, 2026|Home Depot sends its strongest warning yet on the housing market(Yahoo)
The housing market is frozen, and what that freeze is doing to the people who stay put goes further than most expect
Nov 4, 2026|Housing stocks rally following midterm elections, Treasury yields dip lower(Yahoo)
Homebuilders and housing supplier stocks jumped on Wednesday in the wake of the midterm elections.
Nov 4, 2026|These 3 Stocks Boost Dow Jones' Bounce. Here's Why.(Yahoo)
Amazon led the Dow Jones Industrial Average on Wednesday morning, as markets rallied following the midterm elections.
Nov 4, 2026|SKYX Announces That, Based on Growing Winter Demand, It Will Launch 4 New Plug & Play Turbo Heater Fan Models in 5 Different Colors(Yahoo)
Upcoming Winter Launches of New Models in Sizes of 20’’ 44” 52” and 60” are Expected in Home Depot, Lowes, Target, Walmart, Amazon and on Company’s E-Commerce Platform Management Anticipates New Turbo Heater Models to Generate Significant Revenues During the Winter to Support Its Path to Cash-Flow Positive MIAMI, Nov. 04, 2026 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (the “Company” or “SKYX”), a highly disruptive platform technology company with over 120 patents and pending applic
Nov 4, 2026|The $200,000 Passive Income Strategy: 3 Dividend Stocks That Pay You to Wait(Yahoo)
Giving up a salary means losing the rhythm of reliable cash, but three dividend payers from completely different industries could replace more of that income than most retirees realize.
News headlines are reported as-is. Verify important claims with original sources.
10. Insider Form 4 activity
No recent activity
Form 4 filings are routine transactions. Scheduled sales (10b5-1 plans) are normal and not signals.
11. Institutional 13F holdings
| Fund | Shares | Position | Change |
|---|---|---|---|
| BlackRock | 8,943 | $324.4M | — |
| BlackRock Institutional Trust | 973,563 | $41.4M | — |
These are 45-day lagged filings (SEC requirement). Position changes happened in the past.
12. Earnings this week
- Nov 17, 2026(13d)|Consensus EPS: $3.95|Previous: $4.92|Revenue est: $44.0BHD
Earnings dates are estimates and may shift. EPS estimates are consensus, not predictions.