Question 1

What is Lennar's P/FCF ratio?

Accepted Answer

Lennar (LEN) P/FCF ratio is 1497.3× as of June 5, 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 17.8×.

Question 5

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

Accepted Answer

Lennar's P/FCF ratio of 1497.3× is above its own 5-year average of 175.8× and above the sector median of 17.8×. That places the current reading at the 99th 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 175.8× 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	$32.87B	$28.18M	1166.1×	+1145.3×	Nov 30, 2025
2024	$46.61B	$2.23B	20.9×	+13.8×	Nov 30, 2024
2023	$35.75B	$5.08B	7.0×	-0.8×	Nov 30, 2023
2022	$25.24B	$3.21B	7.9×	-5.0×	Nov 30, 2022
2021	$31.65B	$2.47B	12.8×	+7.1×	Nov 30, 2021
2020	$23.45B	$4.12B	5.7×	-7.7×	Nov 30, 2020
2019	$18.72B	$1.40B	13.4×	+4.6×	Nov 30, 2019
2018	$13.92B	$1.58B	8.8×	-8.0×	Nov 30, 2018
2017	$14.91B	$885.09M	16.9×	-5.9×	Nov 30, 2017
2016	$9.82B	$431.37M	22.8×	—	Nov 30, 2016
2015	$10.89B	−$511.00M	—	—	Nov 30, 2015
2014	$9.56B	−$811.09M	—	—	Nov 30, 2014
2013	$6.99B	−$815.84M	—	—	Nov 30, 2013
2012	$7.27B	−$358.50M	—	—	Nov 30, 2012
2011	$3.47B	−$267.76M	—	—	Nov 30, 2011
2010	$2.83B	$267.85M	10.6×	+5.3×	Nov 30, 2010
2009	$2.20B	$420.66M	5.2×	+4.3×	Nov 30, 2009
2008	$1.03B	$1.10B	0.9×	-4.8×	Nov 30, 2008
2007	$2.54B	$439.96M	5.8×	-10.2×	Nov 30, 2007
2006	$8.46B	$527.87M	16.0×	-14.2×	Nov 30, 2006
2005	$9.11B	$301.23M	30.2×	—	Nov 30, 2005
2003	$7.63B	$561.95M	13.6×	-3.7×	Nov 30, 2003
2002	$3.46B	$200.48M	17.2×	-34.4×	Nov 30, 2002
2001	$2.38B	$46.09M	51.6×	—	Nov 30, 2001


DraftKings (DKNG)	15.5×
Avery Dennison (AVY)	15.2×
Wynn Resorts (WYNN)	15.1×
NVR (NVR)	14.9×
Booking Holdings (BKNG)	14.7×
Carnival Corporation (CCL)	14.6×
PulteGroup (PHM)	13.7×
Masco (MAS)	13.0×
V.F. (VFC)	12.6×
Deckers Outdoor (DECK)	12.0×
Lululemon Athletica (LULU)	11.6×
D.R. Horton (DHI)	11.3×
Toll Brothers (TOL)	11.1×
LKQ (LKQ)	9.3×
Hasbro (HAS)	9.3×
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×
General Motors (GM)	5.5×
MGM Resorts (MGM)	5.5×
Ford Motor (F)	3.9×

P/FCF Ratio for Lennar (LEN)

P/FCF Ratio daily chart for Lennar (LEN)

Historical P/FCF Ratio for Lennar (LEN) from 2001 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

P/FCF Ratio daily chart for Lennar (LEN)

Historical P/FCF Ratio for Lennar (LEN) from 2001 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

+What is Lennar's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Lennar?

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

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

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

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

Lennar (LEN) Key Financials