Lennar Corporation

LEN 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. In the quarter to August 2026, revenue fell 8.67%, EPS fell 48.0%, free cash flow grew 50.1% and total debt rose 22.0%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.

77.08 0.61 −0.79%
Market cap
$18.5B
P/E
14.6×
Fwd P/E
14.8×
Dividend yield
2.59%
F-score
5/9
Altman Z
4.27
Beneish M
−2.02
Dividend safety
64/100

Lennar Corporation (LEN) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Lennar Corporation (LEN) trades at a EV/EBITDA of 11.0×. Over the past ten years it has ranged from 3.3× (October 2022) to 19.2× (July 2018); the current reading is higher than 67% of that period. That is in line with the Residential Construction industry median of 10.5× and above the Consumer Cyclical sector median of 9.3×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 11.8× 36.00%
FY2024 8.7× 52.91%
FY2023 5.7× 62.83%
FY2022 3.5× (44.80%)
FY2021 6.3× (21.60%)
FY2020 8.1× (16.64%)
FY2019 9.7× (7.16%)
FY2018 10.4× (18.97%)
FY2017 12.9× 38.08%
FY2016 9.3× (24.31%)

Quarterly newest first

Period EV/EBITDA Change
Aug 2026 11.9× 8.55%
May 2026 11.0× (8.96%)
Feb 2026 12.0× 1.66%
Nov 2025 11.8× 18.46%
43 more quarters

Against its own ten years

Low 3.3× High 19.2×
Ten-year median 9.8×
Current reading's percentile 67

EV/EBITDA against peers

Company EV/EBITDA
PHM PulteGroup, Inc. compare 8.5×
TOL Toll Brothers Inc. compare 9.0×
NVR NVR, Inc. compare 9.8×
DHI D.R. Horton, Inc. compare 10.5×
IBP Installed Building Products, Inc. compare 10.8×
LEN.B Lennar Corporation compare 11.0×
LEN Lennar Corporation 11.0×
SKY Champion Homes, Inc. compare 12.4×
CVCO Cavco Industries, Inc. compare 15.2×
Residential Construction industry median 10.5×
Consumer Cyclical sector median 9.3×
Market median 11.0×

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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