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LEN (Lennar) Cyclically Adjusted Price-to-FCF : 20.18 (As of Dec. 13, 2024)


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What is Lennar Cyclically Adjusted Price-to-FCF?

As of today (2024-12-13), Lennar's current share price is $154.39. Lennar's Cyclically Adjusted FCF per Share for the quarter that ended in Aug. 2024 was $7.65. Lennar's Cyclically Adjusted Price-to-FCF for today is 20.18.

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: 18.24   Med: 52.02   Max: 1751
Current: 20.33

During the past years, Lennar's highest Cyclically Adjusted Price-to-FCF was 1751.00. The lowest was 18.24. And the median was 52.02.

LEN's Cyclically Adjusted Price-to-FCF is ranked worse than
65.22% of 46 companies
in the Homebuilding & Construction industry
Industry Median: 15.05 vs LEN: 20.33

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 Aug. 2024 was $2.964. 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 $7.65 for the trailing ten years ended in Aug. 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 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 212.47 52.25 41.47 21.53 19.73

Lennar Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 20.92 19.73 23.02 22.17 23.81

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
=154.39/7.65
=20.18

* 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 Aug. 2024 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Aug. 2024 (Change)*Current CPI (Aug. 2024)
=2.964/132.8158*132.8158
=2.964

Current CPI (Aug. 2024) = 132.8158.

Lennar Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201411 0.427 99.635 0.569
201502 -3.232 99.032 -4.335
201505 -1.214 100.333 -1.607
201508 -0.442 100.548 -0.584
201511 2.700 100.135 3.581
201602 -1.004 100.040 -1.333
201605 0.084 101.355 0.110
201608 0.663 101.617 0.867
201611 2.064 101.829 2.692
201702 0.226 102.779 0.292
201705 -1.099 103.256 -1.414
201708 1.969 103.587 2.525
201711 2.568 104.072 3.277
201802 -0.772 105.052 -0.976
201805 0.480 106.148 0.601
201808 2.091 106.383 2.611
201811 2.813 106.338 3.513
201902 -1.717 106.649 -2.138
201905 0.232 108.048 0.285
201908 2.221 108.245 2.725
201911 3.718 108.519 4.550
202002 1.173 109.139 1.427
202005 2.983 108.175 3.662
202008 5.079 109.662 6.151
202011 4.089 109.793 4.946
202102 1.220 110.968 1.460
202105 1.026 113.576 1.200
202108 1.883 115.421 2.167
202111 3.968 117.269 4.494
202202 -0.265 119.703 -0.294
202205 0.413 123.323 0.445
202208 1.674 124.958 1.779
202211 9.342 125.607 9.878
202302 3.400 126.928 3.558
202305 2.227 128.314 2.305
202308 3.286 129.538 3.369
202311 9.100 129.548 9.330
202402 1.065 130.930 1.080
202405 0.742 132.509 0.744
202408 2.964 132.816 2.964

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