Lennar (BSP:L1EN34) Cyclically Adjusted PS Ratio: 0.87 (As of Aug. 25, 2026) — 37% Below Median

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BSP:L1EN34 Lennar Corp BSP:L1EN34
68 GF Score
Price R$59.27
GF Value R$85.09
! 6 Warning Signs
View Full Analysis

What is Lennar Cyclically Adjusted PS Ratio?

Lennar BSP:L1EN34 68 Cyclically Adjusted PS Ratio is 0.87 as of Aug. 25, 2026, which is 37% below its 10-year median of 1.39. GuruFocus rates BSP:L1EN34 with a GF Score™ of 68/100 and a GF Value™ of R$85.09. The stock has 6 warning signs investors should review. Among 70 Homebuilding & Construction companies, Lennar ranks worse than 61.43% on this metric.

As of today (2026-08-25), Lennar's current share price is R$59.2725. Lennar's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was R$68.27. Lennar's Cyclically Adjusted PS Ratio for today is 0.87.

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

BSP:L1EN34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.39   Max: 2.12
Current: 0.8

During the past years, Lennar's highest Cyclically Adjusted PS Ratio was 2.12. The lowest was 0.73. And the median was 1.39.

BSP:L1EN34's Cyclically Adjusted PS Ratio is ranked worse than
61.43% of 70 companies
in the Homebuilding & Construction industry
Industry Median: 0.645 vs BSP:L1EN34: 0.80

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Lennar's adjusted revenue per share data for the three months ended in May. 2026 was R$20.534. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R$68.27 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lennar  (BSP:L1EN34) Cyclically Adjusted PS Ratio Explanation

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


Lennar Cyclically Adjusted PS Ratio Related Terms


Lennar Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Lennar's Cyclically Adjusted PS 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.

Lennar Cyclically Adjusted PS Ratio Chart

Lennar Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.70 1.15 1.45 1.75 1.28

Lennar Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Cyclically Adjusted PS 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 1.08 1.32 1.28 1.09 0.82

BSP:L1EN34 vs NVR, PHM, TOL: Cyclically Adjusted PS Ratio Comparison

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


Lennar Cyclically Adjusted PS Ratio vs Homebuilding & Construction Industry

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

* The bar in red indicates where Lennar's Cyclically Adjusted PS Ratio falls into.


BSP:L1EN34
68GF Score
Lennar Corp BSP:L1EN34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lennar Cyclically Adjusted PS Ratio Calculation

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

Lennar's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=59.2725/68.27
=0.87

* 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 Revenue per Share for the quarter that ended in May. 2026 is calculated as:

For example, Lennar's adjusted Revenue per Share data for the three months ended in May. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=20.534/335.1230*335.1230
=20.534

Current CPI (May. 2026) = 335.1230.

Lennar Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 4.807 240.849 6.689
201611 5.942 241.353 8.251
201702 3.831 243.603 5.270
201705 5.516 244.733 7.553
201708 5.407 245.519 7.380
201711 6.499 246.669 8.830
201802 4.760 248.991 6.407
201805 7.583 251.588 10.101
201808 8.523 252.146 11.328
201811 9.384 252.038 12.477
201902 5.604 252.776 7.430
201905 8.665 256.092 11.339
201908 9.257 256.558 12.092
201911 11.537 257.208 15.032
202002 7.866 258.678 10.191
202005 12.087 256.394 15.798
202008 12.991 259.918 16.750
202011 15.037 260.229 19.365
202102 11.661 263.014 14.858
202105 13.753 269.195 17.121
202108 14.820 273.567 18.155
202111 19.481 277.948 23.488
202202 13.714 283.716 16.199
202205 17.882 292.296 20.502
202208 19.926 296.171 22.547
202211 23.315 297.711 26.245
202302 14.693 300.840 16.367
202305 17.582 304.127 19.374
202308 18.908 307.026 20.638
202311 24.031 307.051 26.228
202402 16.374 310.326 17.682
202405 20.564 314.069 21.943
202408 24.187 314.796 25.749
202411 26.965 315.493 28.643
202502 20.927 319.082 21.979
202505 22.797 321.465 23.766
202508 23.463 323.976 24.270
202511 24.784 324.122 25.625
202602 17.598 326.785 18.047
202605 20.534 335.123 20.534

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 0.87 mean?
Lennar (BSP:L1EN34) has a Cyclically Adjusted PS Ratio of 0.87 as of Aug. 25, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Lennar and its competitors. This is 37% below median its historical median of 1.39. Over the past decade, Lennar's Cyclically Adjusted PS Ratio has ranged from 0.73 to 2.12. According to the industry distribution chart, Lennar ranks #43 out of 70 companies in the Homebuilding & Construction industry, placing it in the top 61.4%.
Is Lennar's Cyclically Adjusted PS Ratio too high?
Lennar's current Cyclically Adjusted PS Ratio of 0.87 is 37% below median its 10-year median of 1.39. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 2.12. The Homebuilding & Construction industry median Cyclically Adjusted PS Ratio is 0.65. Lennar's value of 0.87 is 34.9% above this industry median. Based on the distribution chart, Lennar ranks #43 out of 70 companies in the Homebuilding & Construction industry, which is below the industry midpoint. Overall, Lennar has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Lennar's Cyclically Adjusted PS Ratio compare to NVR and PHM?
According to the Homebuilding & Construction industry distribution chart, Lennar ranks #43 out of 70 companies for Cyclically Adjusted PS Ratio. This places Lennar in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.65. Lennar's value of 0.87 is 34.9% above this benchmark. Historically, Lennar's own Cyclically Adjusted PS Ratio has ranged from 0.73 to 2.12 over the past decade. While the company's 10-year median is 1.39 vs. the industry median of 0.65, Lennar 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 PS Ratio for a Homebuilding & Construction company?
The median Cyclically Adjusted PS Ratio among Homebuilding & Construction companies is 0.65, based on 70 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lennar's current Cyclically Adjusted PS Ratio of 0.87 is 34.9% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Lennar and its competitors. For the Homebuilding & Construction industry, the median Cyclically Adjusted PS Ratio is 0.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lennar's current Cyclically Adjusted PS Ratio is 0.87, which is 37% below median its own 10-year median of 1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lennar stock overvalued right now?
Lennar (BSP:L1EN34) has a current Cyclically Adjusted PS Ratio of 0.87. The stock's GF Value™ is R$85.09, compared to a current price of R$59.27 — trading 30.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.87, which is 37% below median its 10-year median of 1.39 and 34.9% above the Homebuilding & Construction industry median of 0.65. Lennar's overall GF Score™ is 68/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Lennar (BSP:L1EN34), the current Cyclically Adjusted PS Ratio is 0.87 as of Aug. 25, 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 Lennar (BSP:L1EN34) Overvalued in 2026?

Based on GuruFocus' analysis, Lennar stock appears to be undervalued. The current stock price of R$59.27 is trading 30.3% below its estimated GF Value™ of R$85.09.

Key valuation signals for BSP:L1EN34:

  • Cyclically Adjusted PS Ratio: 0.87 (37% below median its 10-year median of 1.39)
  • GF Value™: R$85.09 vs. price of R$59.27 (30.3% below fair value)
  • GF Score™: 68/100 with 6 warning signs
  • Industry Position: 34.9% above the Homebuilding & Construction median (#43 of 70)

No single metric tells the full story. See the BSP:L1EN34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lennar Business Description

Address 5505 Waterford District Drive, Miami, FL, USA, 33126
Lennar is the second-largest public homebuilder in the United States, behind D.R. Horton, operating in 26 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 construction and has invested in numerous housing-related technology startups.
68GF Score

Get the complete analysis for BSP:L1EN34

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

R$59.27
Price
R$85.09
GF Value