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.

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

Quarter to August 2026, against a year earlier

91.54 0.65 −0.71%
Market cap
$21.7B
P/E
17.3×
Fwd P/E
17.9×
Dividend yield
2.18%
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 5 November 2026, Lennar Corporation (LEN) trades at a EV/EBITDA of 12.8×. Over the past ten years it has ranged from 3.3× (October 2022) to 19.1× (July 2018); the current reading is higher than 87% 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 11.8× 37.07%
FY2024 8.6× 52.97%
FY2023 5.7× 62.72%
FY2022 3.5× (44.83%)
FY2021 6.3× (21.64%)
FY2020 8.0× (16.72%)
FY2019 9.6× (7.22%)
FY2018 10.4× (18.89%)
FY2017 12.8× 36.33%
FY2016 9.4× (23.78%)

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 19.1×
Ten-year median 9.8×
Current reading's percentile 87

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 compare 12.6×
LEN Lennar Corporation 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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