NVR (MEX:NVR) Cyclically Adjusted PB Ratio: 5.71 (As of Jul. 15, 2026) — 37% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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MEX:NVR NVR Inc MEX:NVR
84 GF Score
Price MXN119,814.39
GF Value MXN140,284.15
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is NVR Cyclically Adjusted PB Ratio?

NVR MEX:NVR 84 Cyclically Adjusted PB Ratio is 5.71 as of Jul. 15, 2026, which is 37% below its 10-year median of 9.03. GuruFocus rates MEX:NVR with a GF Score™ of 84/100 and a GF Value™ of MXN140,284.15 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 74 Homebuilding & Construction companies, NVR ranks worse than 95.95% on this metric.

As of today (2026-07-15), NVR's current share price is MXN119814.39. NVR's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN20,987.30. NVR's Cyclically Adjusted PB Ratio for today is 5.71.

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

MEX:NVR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.02   Med: 9.03   Max: 12.49
Current: 6.44

During the past years, NVR's highest Cyclically Adjusted PB Ratio was 12.49. The lowest was 5.02. And the median was 9.03.

MEX:NVR's Cyclically Adjusted PB Ratio is ranked worse than
95.95% of 74 companies
in the Homebuilding & Construction industry
Industry Median: 1.08 vs MEX:NVR: 6.44

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

NVR's adjusted book value per share data for the three months ended in Mar. 2026 was MXN23,062.543. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN20,987.30 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NVR  (MEX:NVR) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


NVR Cyclically Adjusted PB Ratio Related Terms


NVR Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NVR's Cyclically Adjusted PB 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.

NVR Cyclically Adjusted PB Ratio Chart

NVR Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.61 7.69 9.82 9.80 7.67

NVR Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB 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 8.33 8.21 8.64 7.67 6.66

MEX:NVR vs TOL, LEN, PHM: Cyclically Adjusted PB Ratio Comparison

For the Residential Construction subindustry, NVR's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


NVR Cyclically Adjusted PB Ratio vs Homebuilding & Construction Industry

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

* The bar in red indicates where NVR's Cyclically Adjusted PB Ratio falls into.


MEX:NVR
84GF Score
NVR Inc MEX:NVR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NVR Cyclically Adjusted PB Ratio Calculation

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

NVR's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=119814.39/20987.30
=5.71

* 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.

NVR's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, NVR's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=23062.543/330.2130*330.2130
=23,062.543

Current CPI (Mar. 2026) = 330.2130.

NVR Quarterly Data

Book Value per Share CPI Adj_Book
201606 6,440.943 241.018 8,824.582
201609 6,629.586 241.428 9,067.612
201612 7,282.334 241.432 9,960.243
201703 7,097.565 243.801 9,613.202
201706 7,406.805 244.955 9,984.786
201709 8,018.327 246.819 10,727.520
201712 8,542.688 246.524 11,442.726
201803 7,363.465 249.554 9,743.430
201806 8,704.317 251.989 11,406.365
201809 8,753.191 252.439 11,449.964
201812 9,924.850 251.233 13,044.920
201903 10,256.880 254.202 13,323.873
201906 11,172.363 256.143 14,403.124
201909 12,660.169 256.759 16,282.009
201912 12,154.105 256.974 15,618.092
202003 15,425.127 258.115 19,733.752
202006 16,345.881 257.797 20,937.491
202009 17,343.592 260.280 22,003.533
202012 16,700.852 260.474 21,172.318
202103 17,108.146 264.877 21,328.134
202106 16,920.868 271.696 20,565.229
202109 17,659.153 274.310 21,258.000
202112 17,867.938 278.802 21,162.780
202203 16,370.860 287.504 18,802.767
202206 18,327.143 296.311 20,424.017
202209 19,318.660 296.808 21,492.927
202212 21,239.369 296.797 23,630.683
202303 21,379.507 301.836 23,389.493
202306 21,834.752 305.109 23,631.289
202309 23,423.073 307.789 25,129.563
202312 23,992.204 306.746 25,827.680
202403 22,758.982 312.332 24,061.933
202406 24,509.262 314.175 25,760.410
202409 27,439.529 315.301 28,737.268
202412 29,151.394 315.605 30,500.687
202503 27,472.091 319.799 28,366.698
202506 25,112.987 322.561 25,708.733
202509 25,434.141 324.800 25,858.017
202512 24,862.334 324.054 25,334.870
202603 23,062.543 330.213 23,062.543

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.

What does a Cyclically Adjusted PB Ratio of 5.71 mean?
NVR (MEX:NVR) has a Cyclically Adjusted PB Ratio of 5.71 as of Jul. 15, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on NVR and its competitors. This is 37% below median its historical median of 9.03. Over the past decade, NVR's Cyclically Adjusted PB Ratio has ranged from 5.02 to 12.49. According to the industry distribution chart, NVR ranks #71 out of 74 companies in the Homebuilding & Construction industry, placing it in the top 95.9%.
Is NVR's Cyclically Adjusted PB Ratio too high?
NVR's current Cyclically Adjusted PB Ratio of 5.71 is 37% below median its 10-year median of 9.03. Over the past 10 years, this metric has ranged from a low of 5.02 to a high of 12.49. The Homebuilding & Construction industry median Cyclically Adjusted PB Ratio is 1.08. NVR's value of 5.71 is 428.7% above this industry median. Based on the distribution chart, NVR ranks #71 out of 74 companies in the Homebuilding & Construction industry, which is in the bottom quartile relative to peers. Overall, NVR has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NVR's Cyclically Adjusted PB Ratio compare to TOL and LEN?
According to the Homebuilding & Construction industry distribution chart, NVR ranks #71 out of 74 companies for Cyclically Adjusted PB Ratio. This places NVR in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.08. NVR's value of 5.71 is 428.7% above this benchmark. Historically, NVR's own Cyclically Adjusted PB Ratio has ranged from 5.02 to 12.49 over the past decade. While the company's 10-year median is 9.03 vs. the industry median of 1.08, NVR has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Homebuilding & Construction company?
The median Cyclically Adjusted PB Ratio among Homebuilding & Construction companies is 1.08, based on 74 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NVR's current Cyclically Adjusted PB Ratio of 5.71 is 428.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on NVR and its competitors. For the Homebuilding & Construction industry, the median Cyclically Adjusted PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NVR's current Cyclically Adjusted PB Ratio is 5.71, which is 37% below median its own 10-year median of 9.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NVR stock overvalued right now?
Based on GuruFocus' analysis, NVR (MEX:NVR) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN140,284.15, compared to a current price of MXN119,814.39 — trading 14.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.71, which is 37% below median its 10-year median of 9.03 and 428.7% above the Homebuilding & Construction industry median of 1.08. NVR's overall GF Score™ is 84/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For NVR (MEX:NVR), the current Cyclically Adjusted PB Ratio is 5.71 as of Jul. 15, 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 NVR (MEX:NVR) Overvalued in 2026?

Based on GuruFocus' analysis, NVR stock appears to be undervalued. The current stock price of MXN119,814.39 is trading 14.6% below its estimated GF Value™ of MXN140,284.15. GuruFocus considers NVR to be Modestly Undervalued.

Key valuation signals for MEX:NVR:

  • Cyclically Adjusted PB Ratio: 5.71 (37% below median its 10-year median of 9.03)
  • GF Value™: MXN140,284.15 vs. price of MXN119,814.39 (14.6% below fair value)
  • GF Score™: 84/100 with 1 warning sign
  • Industry Position: 428.7% above the Homebuilding & Construction median (#71 of 74)

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


NVR Business Description

Other Exchanges NVR:USAN1VR34:Brazil
Address 11700 Plaza America Drive, Suite 500, Reston, VA, USA, 20190
NVR Inc is engaged in the construction and sale of residential properties, including single-family detached homes, townhomes, and condominium buildings, all of which are built on a pre-sold basis. Additionally, the company provides related services through its mortgage banking and title services businesses. Its business segments are Homebuilding and Mortgage Banking. Its geographical segments include the Mid Atlantic, the North East, the Mid East, and the South East regions of America. The majority of the company's revenue is derived from the Homebuilding Mid Atlantic segment, which includes homebuilding operations that construct and sell single-family detached homes, townhomes and condominiums in Maryland, Virginia, West Virginia, Delaware and Washington, D.C. regions.
84GF Score

Get the complete analysis for MEX:NVR

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN119,814.39
Price
MXN140,284.15
GF Value