Question 1

What is Lennar's P/FCF ratio?

Accepted Answer

Lennar (LEN) P/FCF ratio is 24.3× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Lennar?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Lennar specifically, the relevant sector benchmark is the current sector median of 17.1×.

Question 5

Is Lennar's P/FCF ratio high or low?

Accepted Answer

Lennar's P/FCF ratio of 24.3× is below its own 5-year average of 176.7× and above the sector median of 17.1×. That places the current reading at the 84th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Lennar's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Lennar (LEN) P/FCF ratio has ranged from a low of 0.9× in 2008 to a high of 1892.2× in 2026. The 5-year average is 176.7× and the 5-year median is 12.8×.

Question 7

What was Lennar's P/FCF ratio in 2025?

Accepted Answer

Lennar (LEN) P/FCF ratio at the end of 2025 was 1166.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Lennar's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$32.9B	$28.2M	1166.1×	+1145.3×	Nov 30, 2025
2024	$46.6B	$2.23B	20.9×	+13.8×	Nov 30, 2024
2023	$35.7B	$5.08B	7.0×	-0.8×	Nov 30, 2023
2022	$25.2B	$3.21B	7.9×	-5.0×	Nov 30, 2022
2021	$31.6B	$2.47B	12.8×	+7.1×	Nov 30, 2021
2020	$23.5B	$4.12B	5.7×	-7.7×	Nov 30, 2020
2019	$18.7B	$1.4B	13.4×	+4.6×	Nov 30, 2019
2018	$13.9B	$1.58B	8.8×	-8.0×	Nov 30, 2018
2017	$14.9B	$885M	16.9×	-5.9×	Nov 30, 2017
2016	$9.82B	$431M	22.8×	—	Nov 30, 2016
2015	$10.9B	-$511M	—	—	Nov 30, 2015
2014	$9.56B	-$811M	—	—	Nov 30, 2014
2013	$6.99B	-$816M	—	—	Nov 30, 2013
2012	$7.27B	-$359M	—	—	Nov 30, 2012
2011	$3.47B	-$268M	—	—	Nov 30, 2011
2010	$2.83B	$268M	10.6×	+5.3×	Nov 30, 2010
2009	$2.2B	$421M	5.2×	+4.3×	Nov 30, 2009
2008	$1.03B	$1.1B	0.9×	-4.8×	Nov 30, 2008
2007	$2.54B	$440M	5.8×	-10.2×	Nov 30, 2007
2006	$8.46B	$528M	16.0×	-14.2×	Nov 30, 2006
2005	$9.11B	$301M	30.2×	—	Nov 30, 2005
2003	$7.63B	$562M	13.6×	-3.7×	Nov 30, 2003
2002	$3.46B	$200M	17.2×	—	Nov 30, 2002


DraftKings (DKNG)	15.5×
Avery Dennison (AVY)	15.2×
Wynn Resorts (WYNN)	15.1×
NVR (NVR)	14.9×
Booking Holdings (BKNG)	14.7×
D.R. Horton (DHI)	14.2×
V.F. (VFC)	12.6×
Deckers Outdoor (DECK)	12.0×
Carnival Corporation (CCL)	11.9×
Lululemon Athletica (LULU)	11.6×
Toll Brothers (TOL)	11.1×
Hasbro (HAS)	9.8×
PDD Holdings (PDD)	9.5×
LKQ (LKQ)	9.3×
KB Home (KBH)	8.8×
Mohawk Industries (MHK)	8.4×
MercadoLibre (MELI)	8.2×
Best Buy Co. (BBY)	7.9×
Etsy (ETSY)	7.2×
Leggett & Platt (LEG)	6.6×
Weyco Group (WEYS)	6.2×
Expedia Group (EXPE)	6.0×
MGM Resorts (MGM)	5.5×
Ford Motor (F)	4.8×
General Motors (GM)	4.3×

P/FCF Ratio for Lennar (LEN) 2002-2026

P/FCF Ratio daily chart for Lennar (LEN)

Historical P/FCF Ratio for Lennar (LEN) from 2002 to 2025

About P/FCF Ratio at Lennar (LEN)

Lennar P/FCF Ratio by Year

Lennar P/FCF Ratio 2025: 1166.1×

Lennar P/FCF Ratio 2024: 20.9×

Lennar P/FCF Ratio 2023: 7.0×

Lennar P/FCF Ratio 2022: 7.9×

Lennar P/FCF Ratio 2021: 12.8×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Lennar (LEN) Key Financials