HOVHovnanian Enterprises, Inc.
Is the price fair?
Neither cheap nor expensive: modest expectations priced in, but at the top of its own P/E range.
Priced for a decline (~−22% a year). The price bakes in little to no growth.
Expensive vs its own history: P/E 106.8 vs a 7.1 median over 21 quarters (+1410% vs median).
Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.
What HOV's price assumes
Hovnanian Enterprises, Inc. trades at 107× earnings against 13.4× for the median Residential Construction name, more expensive than its own group.
Trailing P/E · Residential Construction median 13.4 · 7.98× the median: the market pays up for this one
- Price / sales
- 0.28
Price / sales · as of 2026-Q3
- Free cash flow yield
- 33%
Free cash flow yield · Residential Construction median 6.2%
- Growth the price implies
- −22%
Growth the price implies · The price pays for −22% free cash flow growth a year for a decade; the business has delivered −20% a year over the last three.
Details›
- Price / bookas of 2026-Q3
- 0.97
- EV / EBIToperating margin 1.3%: the multiple describes the denominator
- not meaningful
- Consumer Cyclical median P/E317 names
- 18.0
- Residential Construction median P/E17 names
- 13.4
- Free cash flow, trailing twelve months
- $198M
- Market capitalisation6.0 million shares, counted Aug 25, 2026
- $604M
- 3-year revenue growth
- +0.81%
- 3-year free cash flow growth
- −20%
| Method | Per share |
|---|---|
| What its own history would imply | not meaningful, 107× today against a 7.07× median |
| 52-week range | $90.79 – $147.82 |
| Today | $101.41 |
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.
What is it worth?
Today's price against what its own multiples, its cash flow and your growth assumption say it is worth.
Against its own past
Its multiples now against their own history, and how much of the price move came from earnings rather than the multiple.
Residential Construction
Ranks #10 of 13 by RyuScore