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Lennar LEN Price / book

Price / book at other companies

Pultegroup logo
PultegroupPHM
1.7×+0.1×
D.R. Horton logo
D.R. HortonDHI
1.7×0.0×
NVR logo
NVRNVR
5.2×-0.2×
Equity Residential logo
Equity ResidentialEQR
2.1×-0.4×
Invitation Homes logo
Invitation HomesINVH
1.7×-0.5×
Ladder Capital logo
Ladder CapitalLADR
0.9×-0.1×

Other financials

Income statement

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Revenue$6.6B-13.3%
Net income$229.4M-55.9%

Balance sheet

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Cash & equivalents$2.4B-7.5%
Total debt$249.9M-2.4%
Total equity$21.9B-3.7%
Total assets$33.2B-5.1%

Cash flow

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Operating cash flow-$433.5M-50.0%
CapEx$30.0M-46.5%
Free cash flow-$463.5M-34.3%

Valuation

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Market cap$22.1B-10.7%
Enterprise value$19.96B-10.9%
P/E12.4×+5.7×
P/S0.7×0.0×

Profitability

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Net margin5.4%-5.0pp

Returns & leverage

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Return on equity8%-7.1pp
Debt / equity0.0×

Where this comes from

Calculated from Lennar’s reported figures.

Based on the most recent quarter.

The official record: Lennar’s 10-Q, filed April 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lennar's price / book?
Lennar (LEN) reported price / book of 1.3× in Q4 2025.
How has Lennar's price / book changed year-over-year?
Lennar's price / book decreased by 7.2% year-over-year, from 1.4× to 1.3×.
What is the long-term trend for Lennar's price / book?
Over 4 years (2021 to 2025), Lennar's price / book has grown at a -1.8% compound annual growth rate (CAGR), from 6.1× to 5.7×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.