One of the most notable InvestingPro Tips is that Meritage Homes is "Trading at a low earnings multiple," with a P/E ratio of 7.79. This aligns with the company's focus on affordable housing and suggests that the stock may be undervalued relative to its earnings potential. Additionally, the company's high return over the last year, as indicated by another InvestingPro Tip, is quantified by an impressive 63.57% one-year price total return.