Lennar (MIL:1LEN) Cyclically Adjusted PS Ratio: 0.74 (As of Jul. 26, 2026) — 47% Below Median

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MIL:1LEN Lennar Corp MIL:1LEN
51 GF Score
Price €70.46
GF Value €104.98
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Lennar Cyclically Adjusted PS Ratio?

Lennar MIL:1LEN 51 Cyclically Adjusted PS Ratio is 0.74 as of Jul. 26, 2026, which is 47% below its 10-year median of 1.39. GuruFocus rates MIL:1LEN with a GF Score™ of 51/100 and a GF Value™ of €104.98 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 72 Homebuilding & Construction companies, Lennar ranks worse than 58.33% on this metric.

As of today (2026-07-26), Lennar's current share price is €70.46. Lennar's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was €95.69. Lennar's Cyclically Adjusted PS Ratio for today is 0.74.

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

MIL:1LEN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.39   Max: 2.12
Current: 0.77

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.

MIL:1LEN's Cyclically Adjusted PS Ratio is ranked worse than
58.33% of 72 companies
in the Homebuilding & Construction industry
Industry Median: 0.655 vs MIL:1LEN: 0.77

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 €28.228. 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 €95.69 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lennar  (MIL:1LEN) 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

MIL:1LEN vs PHM, NVR, 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.


MIL:1LEN
51GF Score
Lennar Corp MIL:1LEN
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
=70.46/95.69
=0.74

* 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)
=28.228/335.1230*335.1230
=28.228

Current CPI (May. 2026) = 335.1230.

Lennar Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 10.691 240.849 14.876
201611 13.206 241.353 18.337
201702 9.267 243.603 12.749
201705 12.462 244.733 17.065
201708 11.640 245.519 15.888
201711 13.577 246.669 18.446
201802 9.489 248.991 12.771
201805 14.131 251.588 18.823
201808 15.012 252.146 19.952
201811 17.449 252.038 23.201
201902 10.605 252.776 14.060
201905 15.525 256.092 20.316
201908 16.553 256.558 21.622
201911 20.099 257.208 26.188
202002 13.275 258.678 17.198
202005 15.723 256.394 20.551
202008 16.059 259.918 20.706
202011 18.679 260.229 24.055
202102 14.252 263.014 18.159
202105 17.132 269.195 21.328
202108 19.200 273.567 23.520
202111 24.525 277.948 29.570
202202 18.594 283.716 21.963
202205 27.277 292.296 31.274
202208 30.607 296.171 34.632
202211 34.734 297.711 39.099
202302 21.191 300.840 23.606
202305 25.979 304.127 28.627
202308 28.301 307.026 30.891
202311 36.268 307.051 39.584
202402 24.478 310.326 26.434
202405 29.624 314.069 31.610
202408 31.612 314.796 33.653
202411 35.059 315.493 37.240
202502 27.885 319.082 29.287
202505 28.549 321.465 29.762
202508 29.609 323.976 30.628
202511 32.108 324.122 33.198
202602 22.910 326.785 23.495
202605 28.228 335.123 28.228

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 0.74 mean?
Lennar (MIL:1LEN) has a Cyclically Adjusted PS Ratio of 0.74 as of Jul. 26, 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 47% 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 #42 out of 72 companies in the Homebuilding & Construction industry, placing it in the top 58.3%.
Is Lennar's Cyclically Adjusted PS Ratio too high?
Lennar's current Cyclically Adjusted PS Ratio of 0.74 is 47% 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 0.66. Lennar's value of 0.74 is 13% above this industry median. Based on the distribution chart, Lennar ranks #42 out of 72 companies in the Homebuilding & Construction industry, which is below the industry midpoint. Overall, Lennar has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Lennar's Cyclically Adjusted PS Ratio compare to PHM and NVR?
According to the Homebuilding & Construction industry distribution chart, Lennar ranks #42 out of 72 companies for Cyclically Adjusted PS Ratio. This places Lennar in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.66. Lennar's value of 0.74 is 13% 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 0.66, 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 0.66, based on 72 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 0.74 is 13% 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 0.66 — 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 0.74, which is 47% 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?
Based on GuruFocus' analysis, Lennar (MIL:1LEN) is currently considered Possible Value Trap. The stock's GF Value™ is €104.98, compared to a current price of €70.46 — trading 32.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.74, which is 47% below median its 10-year median of 1.39 and 13% above the Homebuilding & Construction industry median of 0.66. Lennar's overall GF Score™ is 51/100 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 (MIL:1LEN), the current Cyclically Adjusted PS Ratio is 0.74 as of Jul. 26, 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 (MIL:1LEN) Overvalued in 2026?

Based on GuruFocus' analysis, Lennar stock appears to be undervalued. The current stock price of €70.46 is trading 32.9% below its estimated GF Value™ of €104.98. GuruFocus considers Lennar to be Possible Value Trap.

Key valuation signals for MIL:1LEN:

  • Cyclically Adjusted PS Ratio: 0.74 (47% below median its 10-year median of 1.39)
  • GF Value™: €104.98 vs. price of €70.46 (32.9% below fair value)
  • GF Score™: 51/100 with 6 warning signs
  • Industry Position: 13% above the Homebuilding & Construction median (#42 of 72)

No single metric tells the full story. See the MIL:1LEN 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.
51GF Score

Get the complete analysis for MIL:1LEN

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

€70.46
Price
€104.98
GF Value