Question 1

What is NVR's P/B ratio?

Accepted Answer

NVR (NVR) P/B ratio is 5.2× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for NVR?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For NVR specifically, the relevant sector benchmark is the current sector median of 4.2×.

Question 5

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

Accepted Answer

NVR's P/B ratio of 5.2× is below its own 5-year average of 5.5× and above the sector median of 4.2×. That places the current reading at the 18th 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/B ratio range?

Accepted Answer

In the available daily series, NVR (NVR) P/B ratio has ranged from a low of 1.6× in 2009 to a high of 8.2× in 2017. The 5-year average is 5.5× and the 5-year median is 5.6×.

Question 7

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

Accepted Answer

NVR (NVR) P/B ratio at the end of 2025 was 5.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$3.86B	5.3×	-0.7×	Dec 31, 2025
2024	$25.44B	$4.21B	6.0×	+0.9×	Dec 31, 2024
2023	$22.35B	$4.36B	5.1×	+0.9×	Dec 31, 2023
2022	$14.79B	$3.51B	4.2×	-2.6×	Dec 31, 2022
2021	$20.49B	$3.00B	6.8×	+1.9×	Dec 31, 2021
2020	$15.16B	$3.10B	4.9×	-1.1×	Dec 31, 2020
2019	$13.98B	$2.34B	6.0×	+1.1×	Dec 31, 2019
2018	$8.78B	$1.81B	4.9×	-3.3×	Dec 31, 2018
2017	$13.09B	$1.61B	8.2×	+3.4×	Dec 31, 2017
2016	$6.26B	$1.30B	4.8×	-0.4×	Dec 31, 2016
2015	$6.43B	$1.24B	5.2×	+0.5×	Dec 31, 2015
2014	$5.24B	$1.12B	4.7×	+1.0×	Dec 31, 2014
2013	$4.62B	$1.26B	3.7×	+0.6×	Dec 31, 2013
2012	$4.51B	$1.48B	3.0×	+0.6×	Dec 31, 2012
2011	$3.42B	$1.37B	2.5×	+0.2×	Dec 31, 2011
2010	$3.90B	$1.74B	2.2×	-0.2×	Dec 31, 2010
2009	$4.22B	$1.76B	2.4×	+0.6×	Dec 31, 2009
2008	$2.51B	$1.37B	1.8×	-0.6×	Dec 31, 2008
2007	$2.69B	$1.13B	2.4×	-0.7×	Dec 31, 2007
2006	$3.57B	$1.15B	3.1×	-2.7×	Dec 31, 2006
2005	$3.93B	$677.16M	5.8×	-0.1×	Dec 31, 2005
2004	$4.96B	$835.00M	5.9×	-0.3×	Dec 31, 2004
2003	$3.07B	$494.87M	6.2×	+0.5×	Dec 31, 2003
2002	$2.31B	$403.25M	5.7×	+1.4×	Dec 31, 2002
2001	$1.51B	$349.12M	4.3×	—	Dec 31, 2001


V.F. (VFC)	3.5×
Carnival Corporation (CCL)	3.3×
Genuine Parts (GPC)	3.3×
Lululemon Athletica (LULU)	3.1×
Ball (BALL)	2.8×
PDD Holdings (PDD)	2.3×
GameStop (GME)	2.0×
XPeng (XPEV)	2.0×
Alibaba (BABA)	1.9×
Li Auto (LI)	1.8×
PulteGroup (PHM)	1.7×
Amcor (AMCR)	1.7×
D.R. Horton (DHI)	1.7×
Toll Brothers (TOL)	1.6×
Lucid Group (LCID)	1.5×
Sonoco Products (SON)	1.5×
Leggett & Platt (LEG)	1.3×
International Paper (IP)	1.3×
Lennar (LEN)	1.3×
Weyco Group (WEYS)	1.2×
Ford Motor (F)	1.2×
LKQ (LKQ)	1.2×
Smurfit Westrock (SW)	1.1×
General Motors (GM)	1.1×
Mohawk Industries (MHK)	0.7×

P/B Ratio for NVR (NVR)

P/B Ratio daily chart for NVR (NVR)

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

About P/B Ratio at NVR (NVR)

NVR P/B Ratio by Year

NVR P/B Ratio 2025: 5.3×

NVR P/B Ratio 2024: 6.0×

NVR P/B Ratio 2023: 5.1×

NVR P/B Ratio 2022: 4.2×

NVR P/B Ratio 2021: 6.8×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

NVR (NVR) Key Financials

P/B Ratio daily chart for NVR (NVR)

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

About P/B Ratio at NVR (NVR)

NVR P/B Ratio by Year

NVR P/B Ratio 2025: 5.3×

NVR P/B Ratio 2024: 6.0×

NVR P/B Ratio 2023: 5.1×

NVR P/B Ratio 2022: 4.2×

NVR P/B Ratio 2021: 6.8×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is NVR's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for NVR?

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

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

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

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

NVR (NVR) Key Financials