Lennar Corporation (LEN) Fair Value & Analysis
Consumer Cyclical · US · Market cap $20.2B · ISIN US5260571048
What is Lennar Corporation really worth?
Lennar Corporation
LEN · US
A solid business, trading 36% below our fair value of $132.40.
Strengths
Risks
For context
Fair value as of: Aug 29, 2026
From 23 valuation models · updated 6 days ago
Fair value updated Aug 29, 2026, revised from $116.80 to $132.40 (+13.4%) since Aug 27, 2026. Share price −3.0% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range ($80.66 to $194.22) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
60‑month range $53.28 – $164.39 · fair‑value band $80.66 – $194.22 · the $84.45 price screens below the $132.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.
Analysis
Lennar Corporation (LEN) currently trades at $84.45, while our model-based Fair Value estimate is $132.40, implying the stock looks roughly 36.2% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Growth Earnings group reads highest at a median of $172.89 per share, and 17 of the 23 models we run sit above the $84.45 price. Bear case: the Dividend Discount group reads lowest at $32.54, and 6 of the 23 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Lennar Corporation generated revenue of $33.2B at a net margin of 5.4%. Revenue declined 13.3% year over year. It earns a return on equity of 8.1%. Net debt stands at $2.5B. Fundamentals as of Aug 29, 2026
Our scenario range runs from $80.66 (bear case) to $194.22 (bull case); at $84.45, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 41% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 45% fair-value upside, at 57%, LEN screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 9 months have passed since. In that time the company retained roughly $3.77 per share, which is 2.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 23 models by family
Widest divergence: Growth Earnings ($172.89) versus Dividend Discount ($32.54). Highest evidence: Residual Income (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 21
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Lennar Corporation reported revenue of $34.2B in FY2025 versus $27.1B in FY2021, a compound +5.9%/yr. Reported net income was $2.1B in FY2025, compounding −17.2%/yr from FY2021.
of which total revenue +15.6 % · buybacks/dilution −1.6 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
Watch LEN: get an alert when its fair value changes →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Is Lennar (LEN) Below Fair Value Or Still Priced Cautiously?
- Lennar (LEN) Stock Sees Modest Fair Value Cut As Analysts Trim Targets
- /C O R R E C T I O N -- Lennar/
Peer Group
Residential Construction · 65 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Residential Construction median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Residential Construction stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| D.R. Horton, Inc DHI | $145.26 | $213.23 | +47% |
| PulteGroup, Inc PHM | $126.75 | $190.17 | +50% |
| NVR, Inc NVR | $6,396 | $7,821 | +22% |
| Toll Brothers, Inc TOL | $146.22 | $221.32 | +51% |
| Taylor Morrison Home Corporation TMHC | $72.45 | $136.88 | +89% |
| Installed Building Products, Inc IBP | $237.70 | $209.51 | −12% |
| Meritage Homes Corporation MTH | $71.06 | $102.94 | +45% |
| Champion Homes, Inc SKY | $93.88 | $75.12 | −20% |
| Cavco Industries, Inc CVCO | $598.38 | $421.10 | −30% |
| M/I Homes, Inc MHO | $148.81 | $177.41 | +19% |
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