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.
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Lennar Corporation (LEN) P/B ratio
As of 16 October 2026, Lennar Corporation (LEN) trades at a P/B ratio of 0.8×. Over the past ten years it has ranged from 0.5× (March 2020) to 2.1× (January 2018); the current reading is higher than 2% of that period. That is below the Residential Construction industry median of 1.1× and below the Consumer Cyclical sector median of 1.6×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 1.5× | (7.01%) |
| FY2024 | 1.6× | 24.07% |
| FY2023 | 1.3× | 29.26% |
| FY2022 | 1.0× | (31.55%) |
| FY2021 | 1.5× | 18.29% |
| FY2020 | 1.3× | 10.94% |
| FY2019 | 1.1× | 30.41% |
| FY2018 | 0.9× | (51.92%) |
| FY2017 | 1.8× | 44.08% |
| FY2016 | 1.3× | (27.15%) |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Aug 2026 | 0.9× | (7.53%) |
| May 2026 | 1.0× | (18.77%) |
| Feb 2026 | 1.2× | (19.05%) |
| Nov 2025 | 1.5× | 1.70% |
| 43 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| LEN.B Lennar Corporation compare | 0.8× |
| LEN Lennar Corporation | 0.8× |
| TOL Toll Brothers Inc. compare | 1.5× |
| DHI D.R. Horton, Inc. compare | 1.6× |
| PHM PulteGroup, Inc. compare | 1.6× |
| SKY Champion Homes, Inc. compare | 2.7× |
| CVCO Cavco Industries, Inc. compare | 3.6× |
| NVR NVR, Inc. compare | 4.7× |
| IBP Installed Building Products, Inc. compare | 7.7× |
| Residential Construction industry median | 1.1× |
| Consumer Cyclical sector median | 1.6× |
| Market median | 1.7× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on LEN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement