Lennar Corporation

LEN.B Consumer Cyclical Residential Construction

Lennar Corporation’s revenue for fiscal 2025 (year ended November 2025) was $34.2 billion, down 3.54% from fiscal 2024.

Revenue
−8.67%
EPS
−48.0%
Free cash flow
+50.1%
Total debt
+22.0%

Quarter to August 2026, against a year earlier

89.54 0.64 −0.71%
Market cap
$38.8B
P/E
16.9×
Fwd P/E
—
Dividend yield
—
F-score
5/9
Altman Z
4.17
Beneish M
−2.02
Dividend safety
64/100

Lennar Corporation (LEN.B) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Lennar Corporation (LEN.B) trades at a EV/EBITDA of 12.6×. Over the past ten years it has ranged from 2.7× (October 2022) to 16.6× (July 2018); the current reading is higher than 95% of that period. That is in line with the Residential Construction industry median of 12.5× and above the Consumer Cyclical sector median of 9.8×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 11.1× 37.98%
FY2024 8.0× 62.47%
FY2023 4.9× 75.03%
FY2022 2.8× (45.21%)
FY2021 5.2× (21.52%)
FY2020 6.6× (18.85%)
FY2019 8.1× (10.77%)
FY2018 9.1× (16.68%)
FY2017 10.9× 38.85%
FY2016 7.8× (25.43%)

Quarterly newest first

Period EV/EBITDA Change
Aug 2026 11.7× 8.96%
May 2026 10.7× (5.69%)
Feb 2026 11.4× 2.55%
Nov 2025 11.1× 15.56%
43 more quarters

Against its own ten years

Low 2.7× High 16.6×
Ten-year median 8.6×
Current reading's percentile 95

EV/EBITDA against peers

Company EV/EBITDA
TOL Toll Brothers Inc. compare 10.3×
PHM PulteGroup, Inc. compare 10.4×
NVR NVR, Inc. compare 10.5×
DHI D.R. Horton, Inc. compare 11.4×
IBP Installed Building Products, Inc. compare 12.5×
LEN.B Lennar Corporation 12.6×
LEN Lennar Corporation compare 12.8×
SKY Champion Homes, Inc. compare 15.9×
CVCO Cavco Industries, Inc. compare 18.2×
Residential Construction industry median 12.5×
Consumer Cyclical sector median 9.8×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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