Lennar (MIC:LEN-RM) Cyclically Adjusted PS Ratio: (As of Aug. 04, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Lennar Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lennar  (MIC:LEN-RM) 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

MIC:LEN-RM 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.



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 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)
=2346.024/335.1230*335.1230
=2,346.024

Current CPI (May. 2026) = 335.1230.

Lennar Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 782.735 240.849 1,089.116
201611 927.940 241.353 1,288.461
201702 574.192 243.603 789.912
201705 778.452 244.733 1,065.966
201708 803.308 245.519 1,096.481
201711 933.735 246.669 1,268.567
201802 658.593 248.991 886.416
201805 1,037.248 251.588 1,381.646
201808 1,182.276 252.146 1,571.343
201811 1,310.058 252.038 1,741.922
201902 791.142 252.776 1,048.873
201905 1,132.513 256.092 1,482.011
201908 1,224.268 256.558 1,599.172
201911 1,422.618 257.208 1,853.566
202002 959.352 258.678 1,242.861
202005 1,208.879 256.394 1,580.080
202008 1,408.796 259.918 1,816.419
202011 1,677.863 260.229 2,160.753
202102 1,287.444 263.014 1,640.415
202105 1,565.391 269.195 1,948.768
202108 1,652.089 273.567 2,023.830
202111 1,991.217 277.948 2,400.818
202202 1,616.156 283.716 1,908.990
202205 2,100.523 292.296 2,408.290
202208 1,845.130 296.171 2,087.799
202211 2,161.656 297.711 2,433.302
202302 1,592.126 300.840 1,773.561
202305 2,202.526 304.127 2,427.003
202308 2,844.008 307.026 3,104.273
202311 3,645.936 307.051 3,979.264
202402 2,452.783 310.326 2,648.776
202405 2,962.398 314.069 3,160.986
202408 2,984.161 314.796 3,176.854
202411 3,624.236 315.493 3,849.736
202502 2,547.350 319.082 2,675.411
202505 2,483.993 321.465 2,589.530
202508 2,720.137 323.976 2,813.728
202511 2,852.805 324.122 2,949.632
202602 2,081.711 326.785 2,134.826
202605 2,346.024 335.123 2,346.024

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.


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.