Start with its own history
At 17.30×, LEN is 60.7% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · LENResidential ConstructionUpdated Nov 5, 2026
Lennar Corporation P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
17.30×
60.7% abovethe 10-year annual average
Share price92.19
÷Earnings per share5.33
Price and EPS in quote currency. Calculation details
Investors are paying 17.30 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 10.76×
3-year average12.61×3 positive annual observations
5-year average10.15×5 positive annual observations
10-year average10.76×10 positive annual observations
Peer median · TTM15.05×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Nov 30, 2025 | 16.32× | +33.9% |
| Nov 30, 2024 | 12.19× | +30.8% |
| Nov 30, 2023 | 9.32× | +67.0% |
| Nov 30, 2022 | 5.58× | -24.1% |
| Nov 30, 2021 | 7.36× | -23.6% |
| Nov 30, 2020 | 9.63× | -7.0% |
| Nov 30, 2019 | 10.36× | +32.3% |
| Nov 30, 2018 | 7.83× | -57.9% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Nov 30, 2017 | 18.57× | +76.8% |
| Nov 30, 2016 | 10.50× | -22.3% |
| Nov 30, 2015 | 13.51× | -10.6% |
| Nov 30, 2014 | 15.12× | +2.8% |
| Nov 30, 2013 | 14.72× | +35.8% |
| Nov 30, 2012 | 10.84× | -71.7% |
| Nov 30, 2011 | 38.35× | +26.2% |
| Nov 30, 2010 | 30.38× | N/M |
| Nov 30, 2009 | N/M | N/M |
| Nov 30, 2008 | N/M | N/M |
| Nov 30, 2007 | N/M | N/M |
| Nov 30, 2006 | 14.23× | +107.9% |
| Nov 30, 2005 | 6.84× | -9.1% |
| Nov 30, 2004 | 7.53× | -25.9% |
| Nov 30, 2003 | 10.15× | +59.9% |
| Nov 30, 2002 | 6.35× | +11.4% |
| Nov 30, 2001 | 5.70× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How LEN compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 LEN This stockLennar Corporation | 17.30× |
 NVRNVR, Inc. | 16.75× |
 DHID.R. Horton, Inc. | 15.47× |
 MHOM/I Homes, Inc. | 12.83× |
 TOLToll Brothers, Inc. | 12.63× |
 KBHKB Home | 14.63× |
 PHMPulteGroup, Inc. | 14.46× |
 CVCOCavco Industries, Inc. | 28.46× |
 HOVHovnanian Enterprises, Inc. | 106.30× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does LEN’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 15.05×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take LEN into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("LEN", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 92.19 ÷ EPS 5.33 = 17.30×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
LEN P/E ratio: common questions
The essentials behind the numbers.
Lennar Corporation's current P/E is 17.30× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.