(LEN-B) Lennar - Overview
Stock: Single-Family Homes, Multifamily Rentals, Mortgage Financing, Title Insurance
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.88% |
| Yield on Cost 5y | 3.00% |
| Yield CAGR 5y | 20.46% |
| Payout Consistency | 94.5% |
| Payout Ratio | 33.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 34.0% |
| Relative Tail Risk | -2.37% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.21 |
| Alpha | -22.82 |
| Character TTM | |
|---|---|
| Beta | 0.680 |
| Beta Downside | 0.463 |
| Drawdowns 3y | |
|---|---|
| Max DD | 42.15% |
| CAGR/Max DD | 0.27 |
Description: LEN-B Lennar December 17, 2025
Lennar Corporation (NYSE: LEN-B) is the largest U.S. homebuilder, operating under the Lennar brand across five regional homebuilding divisions (East, Central, Texas, West, and Other), a financial-services arm, a multifamily segment, and ancillary “Lennar Other” activities. Its core business constructs and sells single-family attached and detached homes, develops and parcels residential land, and builds and manages multifamily rental properties. The firm also provides end-to-end mortgage financing, title, insurance, and closing services, and it originates and securitizes commercial mortgage loans.
Key operating metrics as of Q3 2024 show a 12 % year-over-year increase in home sales volume to 9,800 units, driven by strong demand in the move-up and active-adult segments, while the company’s land-bank inventory sits at roughly 14 % of total projected build-out capacity-providing a buffer against supply constraints. Lennar’s financial-services segment contributed 7 % of total revenue, benefiting from a modest rise in average mortgage rates (currently ~6.8 % APR) that lifted net interest margins but also pressured buyer affordability.
Sector-wide, the homebuilding industry remains sensitive to macro-drivers such as the Federal Reserve’s monetary policy, housing-starts trends, and labor-cost inflation. The U.S. housing-starts index has risen 3 % YoY in Q3 2024, supporting demand, while the construction-materials price index remains elevated (+5 % YoY), compressing margins. Lennar’s diversified revenue mix-combining home sales, multifamily rentals, and financial services-helps mitigate exposure to any single driver.
For a deeper quantitative breakdown, the ValueRay platform offers a granular view of LEN-B’s valuation metrics.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 2.08b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -5.32 > 1.0 |
| NWC/Revenue: 34.12% < 20% (prev 53.90%; Δ -19.78% < -1%) |
| CFO/TA 0.01 > 3% & CFO 216.8m > Net Income 2.08b |
| Net Debt (2.51b) to EBITDA (2.95b): 0.85 < 3 |
| Current Ratio: 3.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (252.4m) vs 12m ago -5.57% < -2% |
| Gross Margin: 17.62% > 18% (prev 0.23%; Δ 1739 % > 0.5%) |
| Asset Turnover: 90.13% > 50% (prev 85.87%; Δ 4.26% > 0%) |
| Interest Coverage Ratio: 23.82 > 6 (EBITDA TTM 2.95b / Interest Expense TTM 118.1m) |
Altman Z'' 6.77
| A: 0.34 (Total Current Assets 17.14b - Total Current Liabilities 5.50b) / Total Assets 34.43b |
| B: 0.65 (Retained Earnings 22.47b / Total Assets 34.43b) |
| C: 0.07 (EBIT TTM 2.81b / Avg Total Assets 37.87b) |
| D: 1.83 (Book Value of Equity 22.51b / Total Liabilities 12.29b) |
| Altman-Z'' Score: 6.77 = AAA |
Beneish M -2.54
| DSRI: 0.93 (Receivables 1.47b/1.65b, Revenue 34.13b/35.48b) |
| GMI: 1.28 (GM 17.62% / 22.59%) |
| AQI: 1.45 (AQ_t 0.48 / AQ_t-1 0.33) |
| SGI: 0.96 (Revenue 34.13b / 35.48b) |
| TATA: 0.05 (NI 2.08b - CFO 216.8m) / TA 34.43b) |
| Beneish M-Score: -2.54 (Cap -4..+1) = A |
What is the price of LEN-B shares?
Over the past week, the price has changed by +5.59%, over one month by +6.20%, over three months by -6.75% and over the past year by -8.18%.
Is LEN-B a buy, sell or hold?
What are the forecasts/targets for the LEN-B price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 110.3 | 3.4% |
LEN-B Fundamental Data Overview February 03, 2026
P/E Forward = 13.9082
P/S = 0.7554
P/B = 1.1765
P/EG = 2.2608
Revenue TTM = 34.13b USD
EBIT TTM = 2.81b USD
EBITDA TTM = 2.95b USD
Long Term Debt = 5.87b USD (from longTermDebt, last quarter)
Short Term Debt = 2.21b USD (from shortTermDebt, last quarter)
Debt = 6.32b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.51b USD (from netDebt column, last quarter)
Enterprise Value = 28.33b USD (25.82b + Debt 6.32b - CCE 3.80b)
Interest Coverage Ratio = 23.82 (Ebit TTM 2.81b / Interest Expense TTM 118.1m)
EV/FCF = 1000.0x (Enterprise Value 28.33b / FCF TTM 28.2m)
FCF Yield = 0.10% (FCF TTM 28.2m / Enterprise Value 28.33b)
FCF Margin = 0.08% (FCF TTM 28.2m / Revenue TTM 34.13b)
Net Margin = 6.09% (Net Income TTM 2.08b / Revenue TTM 34.13b)
Gross Margin = 17.62% ((Revenue TTM 34.13b - Cost of Revenue TTM 28.12b) / Revenue TTM)
Gross Margin QoQ = 16.29% (prev 17.67%)
Tobins Q-Ratio = 0.82 (Enterprise Value 28.33b / Total Assets 34.43b)
Interest Expense / Debt = 0.78% (Interest Expense 49.3m / Debt 6.32b)
Taxrate = 27.10% (185.1m / 683.0m)
NOPAT = 2.05b (EBIT 2.81b * (1 - 27.10%))
Current Ratio = 3.12 (Total Current Assets 17.14b / Total Current Liabilities 5.50b)
Debt / Equity = 0.29 (Debt 6.32b / totalStockholderEquity, last quarter 21.96b)
Debt / EBITDA = 0.85 (Net Debt 2.51b / EBITDA 2.95b)
Debt / FCF = 89.12 (Net Debt 2.51b / FCF TTM 28.2m)
Total Stockholder Equity = 22.46b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.49% (Net Income 2.08b / Total Assets 34.43b)
RoE = 9.25% (Net Income TTM 2.08b / Total Stockholder Equity 22.46b)
RoCE = 9.93% (EBIT 2.81b / Capital Employed (Equity 22.46b + L.T.Debt 5.87b))
RoIC = 7.53% (NOPAT 2.05b / Invested Capital 27.23b)
WACC = 6.88% (E(25.82b)/V(32.14b) * Re(8.42%) + D(6.32b)/V(32.14b) * Rd(0.78%) * (1-Tc(0.27)))
Discount Rate = 8.42% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -4.97%
[DCF Debug] Terminal Value 79.61% ; FCFF base≈909.7m ; Y1≈746.0m ; Y5≈531.3m
Fair Price DCF = 316.2 (EV 12.38b - Net Debt 2.51b = Equity 9.87b / Shares 31.2m; r=6.88% [WACC]; 5y FCF grow -21.63% → 2.90% )
EPS Correlation: -26.27 | EPS CAGR: -13.30% | SUE: 0.44 | # QB: 0
Revenue Correlation: 31.41 | Revenue CAGR: 11.60% | SUE: 0.41 | # QB: 0