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Lennar (Lennar) Cyclically Adjusted PS Ratio : 1.84 (As of Apr. 27, 2024)


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What is Lennar Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Lennar's current share price is $142.88. Lennar's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was $77.49. Lennar's Cyclically Adjusted PS Ratio for today is 1.84.

The historical rank and industry rank for Lennar's Cyclically Adjusted PS Ratio or its related term are showing as below:

LEN.B' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.61   Med: 1.36   Max: 2.29
Current: 1.85

During the past years, Lennar's highest Cyclically Adjusted PS Ratio was 2.29. The lowest was 0.61. And the median was 1.36.

LEN.B's Cyclically Adjusted PS Ratio is ranked worse than
78.95% of 76 companies
in the Homebuilding & Construction industry
Industry Median: 0.885 vs LEN.B: 1.85

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Lennar's adjusted revenue per share data for the three months ended in Feb. 2024 was $26.406. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $77.49 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lennar Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Lennar's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lennar Cyclically Adjusted PS Ratio Chart

Lennar Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.46 1.62 1.84 1.24 1.57

Lennar Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.32 1.41 1.51 1.57 1.90

Competitive Comparison of Lennar's Cyclically Adjusted PS Ratio

For the Residential Construction subindustry, Lennar's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lennar's Cyclically Adjusted PS Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Lennar's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Lennar's Cyclically Adjusted PS Ratio falls into.



Lennar Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Lennar's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=142.88/77.49
=1.84

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lennar's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, Lennar's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=26.406/129.4194*129.4194
=26.406

Current CPI (Feb. 2024) = 129.4194.

Lennar Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 7.820 100.373 10.083
201408 8.652 100.352 11.158
201411 11.058 99.635 14.364
201502 6.999 99.032 9.147
201505 10.153 100.333 13.096
201508 10.592 100.548 13.633
201511 12.460 100.135 16.104
201602 8.538 100.040 11.045
201605 11.734 101.355 14.983
201608 11.985 101.617 15.264
201611 14.246 101.829 18.106
201702 9.869 102.779 12.427
201705 13.770 103.256 17.259
201708 13.742 103.587 17.169
201711 15.935 104.072 19.816
201802 11.715 105.052 14.432
201805 16.704 106.148 20.366
201808 17.335 106.383 21.089
201811 19.828 106.338 24.132
201902 12.037 106.649 14.607
201905 17.366 108.048 20.801
201908 18.412 108.245 22.014
201911 22.209 108.519 26.486
202002 14.477 109.139 17.167
202005 17.146 108.175 20.513
202008 19.004 109.662 22.428
202011 22.080 109.793 26.027
202102 17.233 110.968 20.098
202105 20.817 113.576 23.721
202108 22.589 115.421 25.329
202111 27.996 117.269 30.897
202202 21.105 119.703 22.818
202205 28.834 123.323 30.259
202208 31.011 124.958 32.118
202211 35.406 125.607 36.481
202302 22.688 126.928 23.133
202305 28.238 128.314 28.481
202308 30.863 129.538 30.835
202311 39.251 129.548 39.212
202402 26.406 129.419 26.406

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Lennar  (NYSE:LEN.B) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Lennar Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Lennar's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Lennar (Lennar) Business Description

Address
5505 Blue Lagoon Drive, Miami, FL, USA, 33126
Based on the number of delivered homes, Lennar is the second-largest public homebuilder in the United States, behind D.R. Horton. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction and has invested in numerous housing-related technology startups.

Lennar (Lennar) Headlines

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