Is Lennar (LEN) overvalued or fairly valued?

MarketChacha shows Lennar's valuation in context — a trailing P/E of about 13.4, a forward P/E of about 13.0, a price-to-book of about 0.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Lennar's revenue?

Lennar reported revenue of $34.2B for FY2025, with net profit of $2.1B, per official filings.

What is the share price of Lennar (LEN)?

Lennar last traded at $83.83 (-0.7% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Lennar

LEN · NYSE · Consumer Discretionary · United States

Snapshot

TickerLEN

ExchangeNYSE

SectorConsumer Discretionary

IndustryResidential Construction

CountryUnited States

Employees12,532

HeadquartersMiami, United States

Websitewww.lennar.com

Filings tracked13

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding South Central, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties. It also offers residential mortgage financing, title insurance, and closing services for home buyers and others, as well as originating and selling securitization commercial mortgage loans. In addition, the company is involved in fund investment activities. It primarily serves first-time, move-up, active adult, and luxury homebuyers. The company was founded in 1954 and is based in Miami, Florida.

Who owns it

Insiders8.2%
Institutions91.8%
Public & other0.0%

1,276 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.8.72%
Berkshire Hathaway, Inc6.23%
Vanguard Capital Management LLC6.19%
Greenhaven Associates, Inc.5.38%
Eagle Capital Management LLC5.08%
State Street Corporation4.95%
Vanguard Portfolio Management LLC4.54%
Aristotle Capital Management, LLC3.72%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Over 3 years only 0.78× of reported profit became operating cash — the classic sign that headline earnings may be running ahead of the cash actually generated. Often explained by working capital funding growth; worth a closer look.

Cash conversion0.78×

Net margin trend11.5% → 6.1%

Margin has compressed by about 5.4 points over the period — profitability is trending down.

Growth qualityrev -0% · PAT -27%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $9.6B · EPS 2.03

Est. earnings growth -0.2%

Next fiscal year

Rev $33.7B · EPS 6.47

Est. earnings growth +16.6%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$34.2B

Net margin

6.1%

ROE

9.5%

Revenue CAGR (2y)

-0.1%

Profit CAGR (2y)

-27.4%

EPS (FY2025)

7.98

Net profit (FY2025)

$2.1B

Ask MarketChacha about LEN

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$34.2B	$2.1B	7.98	6.1%	9.5%
FY2024	$35.4B	$3.9B	14.31	11.1%	14.1%
FY2023	$34.2B	$3.9B	13.73	11.5%	14.8%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$7.9B	$304.8M	1.24	3.8%
2026Q1	$6.6B	$229.4M	0.93	3.5%
2025Q3	$8.8B	$591.0M	2.29	6.7%
2025Q2	$8.4B	$477.4M	1.81	5.7%
2025Q1	$7.6B	$519.5M	1.96	6.8%
2024Q3	$9.4B	$1.2B	4.26	12.3%
2024Q2	$8.8B	$954.3M	3.45	10.9%
2024Q1	$7.3B	$719.3M	2.57	9.8%
2023Q3	$8.7B	$1.1B	3.87	12.7%
2023Q2	$8.0B	$871.7M	3.01	10.8%
2023Q1	$6.5B	$596.5M	2.06	9.2%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC6/29/2026
8-K — Reg FD disclosure, Exhibits
SEC6/12/2026material
8-K — Results of operations, Exhibits
SEC6/11/2026material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC6/8/2026material
8-K — Shareholder vote results, Exhibits
SEC4/13/2026material
10-Q filing
SEC4/9/2026
8-K — Results of operations, Exhibits
SEC3/12/2026material
10-K filing
SEC1/28/2026

2025

8-K — Results of operations, Exhibits
SEC12/16/2025material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC11/14/2025material
10-Q filing
SEC10/3/2025
8-K — Results of operations, Exhibits
SEC9/19/2025material
8-K — Executive/director change, Reg FD disclosure, Other events, Exhibits
SEC8/4/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.