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LEN (Lennar) Cyclically Adjusted Price-to-FCF : 15.85 (As of Mar. 06, 2025)


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What is Lennar Cyclically Adjusted Price-to-FCF?

As of today (2025-03-06), Lennar's current share price is $126.14. Lennar's Cyclically Adjusted FCF per Share for the quarter that ended in Nov. 2024 was $7.96. Lennar's Cyclically Adjusted Price-to-FCF for today is 15.85.

The historical rank and industry rank for Lennar's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

LEN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.03   Med: 47.85   Max: 1620.8
Current: 15.34

During the past years, Lennar's highest Cyclically Adjusted Price-to-FCF was 1620.80. The lowest was 15.03. And the median was 47.85.

LEN's Cyclically Adjusted Price-to-FCF is ranked worse than
56.25% of 48 companies
in the Homebuilding & Construction industry
Industry Median: 12.12 vs LEN: 15.34

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Lennar's adjusted free cash flow per share data for the three months ended in Nov. 2024 was $3.491. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $7.96 for the trailing ten years ended in Nov. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lennar Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Lennar's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

Lennar Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.36 38.39 19.93 18.26 20.29

Lennar Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
Cyclically Adjusted Price-to-FCF 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 18.26 21.31 20.52 22.04 20.29

Competitive Comparison of Lennar's Cyclically Adjusted Price-to-FCF

For the Residential Construction subindustry, Lennar's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Lennar's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Lennar's Cyclically Adjusted Price-to-FCF falls into.



Lennar Cyclically Adjusted Price-to-FCF Calculation

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

Lennar's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=126.14/7.96
=15.85

* 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 FCF per Share for the quarter that ended in Nov. 2024 is calculated as:

For example, Lennar's adjusted Free Cash Flow per Share data for the three months ended in Nov. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Nov. 2024 (Change)*Current CPI (Nov. 2024)
=3.491/133.1099*133.1099
=3.491

Current CPI (Nov. 2024) = 133.1099.

Lennar Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201502 -3.232 99.032 -4.344
201505 -1.214 100.333 -1.611
201508 -0.442 100.548 -0.585
201511 2.700 100.135 3.589
201602 -1.004 100.040 -1.336
201605 0.084 101.355 0.110
201608 0.663 101.617 0.868
201611 2.064 101.829 2.698
201702 0.226 102.779 0.293
201705 -1.099 103.256 -1.417
201708 1.969 103.587 2.530
201711 2.568 104.072 3.285
201802 -0.772 105.052 -0.978
201805 0.480 106.148 0.602
201808 2.091 106.383 2.616
201811 2.813 106.338 3.521
201902 -1.717 106.649 -2.143
201905 0.232 108.048 0.286
201908 2.221 108.245 2.731
201911 3.718 108.519 4.561
202002 1.173 109.139 1.431
202005 2.983 108.175 3.671
202008 5.079 109.662 6.165
202011 4.089 109.793 4.957
202102 1.220 110.968 1.463
202105 1.026 113.576 1.202
202108 1.883 115.421 2.172
202111 3.968 117.269 4.504
202202 -0.265 119.703 -0.295
202205 0.413 123.323 0.446
202208 1.674 124.958 1.783
202211 9.342 125.607 9.900
202302 3.400 126.928 3.566
202305 2.227 128.314 2.310
202308 3.286 129.538 3.377
202311 9.100 129.548 9.350
202402 1.065 130.930 1.083
202405 0.742 132.509 0.745
202408 2.964 132.816 2.971
202411 3.491 133.110 3.491

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Lennar Cyclically Adjusted Price-to-FCF Related Terms

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


Lennar Business Description

Address
5505 Waterford District Drive, Miami, FL, USA, 33126
Lennar is one of the largest public homebuilders in the United States. 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 and single-family for rent construction and has invested in numerous housing-related technology startups.
Executives
Amy Banse director 345 PARK AVENUE, SAN JOSE CA 95110
Diane J Bessette officer: VP/CFO/Treasurer LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172
Mark Sustana officer: VP/General Counsel/Secretary LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172
David M Collins officer: VP & Controller LENNAR CORPORATION, 700 NW 107 AVENUE STE 400, MIAMI FL 33172
Jeffrey Joseph Mccall officer: Executive Vice President 26 TECHNOLOGY DRIVE, IRVINE CA 92618
Dacona Smith director 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Serena Wolfe director ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Jonathan M Jaffe director, officer: Vice President LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172
Scott D Stowell director
Irving Bolotin director LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172
Steven L Gerard director P.O. BOX 554, MILWAUKEE WI 53201-0554
Armando J Olivera director C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039
Sherrill W Hudson director 201 SOUTH BISCAYNE BOULEVARD, 34TH FLOOR, MIAMI CENTER, MIAMI FL 33131
Jeffrey Sonnenfeld director 14 WALL ST 13TH FL, NEW YORK NY 10005
Theron I Gilliam director GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084