Start with its own history
At 28.63×, NVR is 84.1% 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 · NVRResidential ConstructionUpdated Nov 5, 2026
NVR, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
28.63×
84.1% abovethe 10-year annual average
Share price6,376.82
÷Earnings per share222.763
Price and EPS in quote currency. Calculation details
Investors are paying 28.63 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 15.55×
3-year average15.05×3 positive annual observations
5-year average14.21×5 positive annual observations
10-year average15.55×10 positive annual observations
Peer median · TTM14.97×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 15.79× | +4.4% |
| Dec 31, 2024 | 15.12× | +6.2% |
| Dec 31, 2023 | 14.24× | +62.2% |
| Dec 31, 2022 | 8.78× | -48.7% |
| Dec 31, 2021 | 17.11× | +2.4% |
| Dec 31, 2020 | 16.71× | +5.9% |
| Dec 31, 2019 | 15.78× | +26.2% |
| Dec 31, 2018 | 12.51× | -48.7% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 24.36× | +61.3% |
| Dec 31, 2016 | 15.10× | -12.5% |
| Dec 31, 2015 | 17.26× | -10.9% |
| Dec 31, 2014 | 19.37× | +6.2% |
| Dec 31, 2013 | 18.24× | -28.5% |
| Dec 31, 2012 | 25.53× | -12.0% |
| Dec 31, 2011 | 28.99× | +46.7% |
| Dec 31, 2010 | 19.77× | -7.9% |
| Dec 31, 2009 | 21.47× | -11.7% |
| Dec 31, 2008 | 24.32× | +185.9% |
| Dec 31, 2007 | 8.51× | +37.2% |
| Dec 31, 2006 | 6.20× | -2.6% |
| Dec 31, 2005 | 6.36× | -33.2% |
| Dec 31, 2004 | 9.52× | +21.1% |
| Dec 31, 2003 | 7.86× | +13.6% |
| Dec 31, 2002 | 6.92× | +1.3% |
| Dec 31, 2001 | 6.83× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How NVR compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 NVR This stockNVR, Inc. | 28.63× |
 LENLennar Corporation | 17.43× |
 PHMPulteGroup, Inc. | 14.46× |
 DHID.R. Horton, Inc. | 15.47× |
 MHOM/I Homes, Inc. | 12.83× |
 MTHMeritage Homes Corporation | 16.47× |
 TOLToll Brothers, Inc. | 12.63× |
 DFHDream Finders Homes, Inc. | 11.20× |
 LGIHLGI Homes, Inc. | 15.96× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does NVR’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 14.97×. 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 NVR 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("NVR", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 6,376.82 ÷ EPS 222.763 = 28.63×. 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.
NVR P/E ratio: common questions
The essentials behind the numbers.
NVR, Inc.'s current P/E is 28.63× 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.