Home Depot: Overvalued But Worth Holding Long-Term

Home Depot is trading above its fair value estimate, signaling overvaluation, and this includes across most valuation ratios. Despite current overvaluation, HD's long-term prospects remain strong due to its wide moat, industry leadership, and expected earnings growth resumption. HD's dividend growth track record is robust, with over 15 consecutive years of increases, supporting its appeal for long-term investors.