Toll Brothers (LTS:0LFS) Change In Inventory: $-192 Mil (TTM As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LTS:0LFS Toll Brothers Inc LTS:0LFS
94 GF Score
Price $153.70
GF Value $137.21
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Toll Brothers Change In Inventory?

Toll Brothers LTS:0LFS +2.26% 94 Change In Inventory is $-192 Mil as of Apr. 2026. GuruFocus rates LTS:0LFS with a GF Score™ of 94/100 and a GF Value™ of $137.21 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Toll Brothers's change in inventory for the quarter that ended in Apr. 2026 was $-176 Mil. It means Toll Brothers's inventory increased by $176 Mil from Jan. 2026 to Apr. 2026 .

Toll Brothers's change in inventory for the fiscal year that ended in Oct. 2025 was $-521 Mil. It means Toll Brothers's inventory increased by $521 Mil from Oct. 2024 to Oct. 2025 .

Toll Brothers's Total Inventories for the quarter that ended in Apr. 2026 was $11,378 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Toll Brothers's Days Inventory for the quarter that ended in Apr. 2026 was 534.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. Toll Brothers's Inventory Turnover for the quarter that ended in Apr. 2026 was 0.17.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Toll Brothers's Inventory-to-Revenue for the quarter that ended in Apr. 2026 was 4.46.

Toll Brothers  (LTS:0LFS) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Toll Brothers's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=11290.6205/1926.34*365 / 4
=534.83

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Toll Brothers's Inventory Turnover for the quarter that ended in Apr. 2026 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=1926.34 / 11290.6205
=0.17

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Toll Brothers's Inventory to Revenue for the quarter that ended in Apr. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=11290.6205 / 2531.23
=4.46

* 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.

Toll Brothers Change In Inventory Related Terms

Toll Brothers Change In Inventory Historical Data

* Premium members only.

The historical data trend for Toll Brothers's Change In Inventory 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.

Toll Brothers Change In Inventory Chart

Toll Brothers Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -196.23 -618.83 -22.21 -575.73 -521.18

Toll Brothers Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Change In Inventory 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 -68.40 -2.17 381.62 -396.10 -175.80
LTS:0LFS
94GF Score
Toll Brothers Inc LTS:0LFS
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toll Brothers Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-192 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $-192 Mil mean?
Toll Brothers (LTS:0LFS) has a Change In Inventory of $-192 Mil as of Apr. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Toll Brothers and its competitors.
Is Toll Brothers' Change In Inventory too high?
Toll Brothers' current Change In Inventory is $-192 Mil. Overall, Toll Brothers has a GF Score™ of 94/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toll Brothers' Change In Inventory compare to NVR and LEN?
Toll Brothers' Change In Inventory of $-192 Mil can be compared against companies in the Homebuilding & Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Homebuilding & Construction company?
A good Change In Inventory depends on the Homebuilding & Construction industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Toll Brothers and its competitors. Toll Brothers's current Change In Inventory is $-192 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toll Brothers stock overvalued right now?
Based on GuruFocus' analysis, Toll Brothers (LTS:0LFS) is currently considered Modestly Overvalued. The stock's GF Value™ is $137.21, compared to a current price of $153.70 — trading 12% above its estimated fair value. The current Change In Inventory is $-192 Mil. Toll Brothers' overall GF Score™ is 94/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Toll Brothers (LTS:0LFS), the current Change In Inventory is $-192 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Toll Brothers (LTS:0LFS) Overvalued in 2026?

Based on GuruFocus' analysis, Toll Brothers stock appears to be overvalued. The current stock price of $153.70 is trading 12% above its estimated GF Value™ of $137.21. GuruFocus considers Toll Brothers to be Modestly Overvalued.

Key valuation signals for LTS:0LFS:

  • Change In Inventory: $-192 Mil
  • GF Value™: $137.21 vs. price of $153.70 (12% above fair value)
  • GF Score™: 94/100 with 5 warning signs

No single metric tells the full story. See the LTS:0LFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Toll Brothers Business Description

Address 1140 Virginia Drive, Fort Washington, PA, USA, 19034
Toll Brothers is the leading luxury homebuilder in the United States with an average sale price well above public competitors'. The company operates in over 60 markets across 24 states and caters to move-up, active-adult, and second-homebuyers. Toll Brothers consistently ranks as a top 10 builder within the US according to total home closings. Traditional homebuilding operations represent most of the company's revenue. Toll Brothers also builds luxury for-sale and for-rent properties in urban centers across the US It has its headquarters in Horsham, Pennsylvania.
94GF Score

Get the complete analysis for LTS:0LFS

Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$153.70
Price
$137.21
GF Value