Question 1

What is NVR's P/FCF ratio?

Accepted Answer

NVR (NVR) P/FCF ratio is 14.7× 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 NVR?

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 NVR specifically, the relevant sector benchmark is the current sector median of 17.8×.

Question 5

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

Accepted Answer

NVR's P/FCF ratio of 14.7× is below its own 5-year average of 15.2× and below the sector median of 17.8×. That places the current reading at the 41th 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 NVR's historical P/FCF ratio range?

Accepted Answer

In the available daily series, NVR (NVR) P/FCF ratio has ranged from a low of 4.3× in 2007 to a high of 80.4× in 2010. The 5-year average is 15.2× and the 5-year median is 15.3×.

Question 7

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

Accepted Answer

NVR (NVR) P/FCF ratio at the end of 2025 was 18.8×. 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 NVR'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	$20.65B	$1.10B	18.8×	-0.1×	Dec 31, 2025
2024	$25.44B	$1.35B	18.9×	+3.7×	Dec 31, 2024
2023	$22.35B	$1.47B	15.2×	+7.2×	Dec 31, 2023
2022	$14.79B	$1.85B	8.0×	-8.7×	Dec 31, 2022
2021	$20.49B	$1.22B	16.7×	+0.1×	Dec 31, 2021
2020	$15.16B	$909.15M	16.7×	+0.1×	Dec 31, 2020
2019	$13.98B	$843.84M	16.6×	+4.1×	Dec 31, 2019
2018	$8.78B	$703.46M	12.5×	-11.4×	Dec 31, 2018
2017	$13.09B	$548.63M	23.9×	+6.6×	Dec 31, 2017
2016	$6.26B	$362.10M	17.3×	-17.5×	Dec 31, 2016
2015	$6.43B	$185.11M	34.7×	+0.5×	Dec 31, 2015
2014	$5.24B	$152.88M	34.3×	+15.9×	Dec 31, 2014
2013	$4.62B	$251.21M	18.4×	+0.5×	Dec 31, 2013
2012	$4.51B	$252.02M	17.9×	—	Dec 31, 2012
2011	$3.42B	−$9.98M	—	—	Dec 31, 2011
2010	$3.90B	$48.45M	80.4×	+62.7×	Dec 31, 2010
2009	$4.22B	$238.60M	17.7×	+12.2×	Dec 31, 2009
2008	$2.51B	$455.46M	5.5×	+0.6×	Dec 31, 2008
2007	$2.69B	$548.22M	4.9×	-0.5×	Dec 31, 2007
2006	$3.57B	$659.53M	5.4×	-2.2×	Dec 31, 2006
2005	$3.93B	$514.10M	7.6×	-3.3×	Dec 31, 2005
2004	$4.96B	$454.17M	10.9×	+5.3×	Dec 31, 2004
2003	$3.07B	$543.33M	5.7×	-0.6×	Dec 31, 2003
2002	$2.31B	$368.95M	6.3×	-4.2×	Dec 31, 2002
2001	$1.51B	$143.62M	10.5×	—	Dec 31, 2001


Las Vegas Sands (LVS)	15.5×
DraftKings (DKNG)	15.5×
Avery Dennison (AVY)	15.2×
Wynn Resorts (WYNN)	15.1×
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 NVR (NVR)

P/FCF Ratio daily chart for NVR (NVR)

Historical P/FCF Ratio for NVR (NVR) from 2001 to 2025

About P/FCF Ratio at NVR (NVR)

NVR P/FCF Ratio by Year

NVR P/FCF Ratio 2025: 18.8×

NVR P/FCF Ratio 2024: 18.9×

NVR P/FCF Ratio 2023: 15.2×

NVR P/FCF Ratio 2022: 8.0×

NVR P/FCF Ratio 2021: 16.7×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

NVR (NVR) Key Financials

P/FCF Ratio daily chart for NVR (NVR)

Historical P/FCF Ratio for NVR (NVR) from 2001 to 2025

About P/FCF Ratio at NVR (NVR)

NVR P/FCF Ratio by Year

NVR P/FCF Ratio 2025: 18.8×

NVR P/FCF Ratio 2024: 18.9×

NVR P/FCF Ratio 2023: 15.2×

NVR P/FCF Ratio 2022: 8.0×

NVR P/FCF Ratio 2021: 16.7×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is NVR'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 NVR?

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

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

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

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

NVR (NVR) Key Financials