Lennar (BSP:L1EN34) E10: R$54.33 (As of May. 2026)

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Director of Data and Quant Analytics at GuruFocus
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BSP:L1EN34 Lennar Corp BSP:L1EN34
69 GF Score
Price R$474.18
GF Value R$726.79
! 6 Warning Signs
View Full Analysis

What is Lennar E10?

Lennar BSP:L1EN34 69 E10 is R$54.33 as of May. 2026. GuruFocus rates BSP:L1EN34 with a GF Score™ of 69/100 and a GF Value™ of R$726.79. The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Lennar's adjusted earnings per share data for the three months ended in May. 2026 was R$6.177. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$54.33 for the trailing ten years ended in May. 2026.

During the past 12 months, Lennar's average E10 Growth Rate was 5.60% per year. During the past 3 years, the average E10 Growth Rate was 13.10% per year. During the past 5 years, the average E10 Growth Rate was 21.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Lennar was 60.90% per year. The lowest was -36.00% per year. And the median was 13.10% per year.

As of today (2026-08-03), Lennar's current stock price is R$474.18. Lennar's E10 for the quarter that ended in May. 2026 was R$54.33. Lennar's Shiller PE Ratio of today is 8.73.

During the past 13 years, the highest Shiller PE Ratio of Lennar was 69.25. The lowest was 7.55. And the median was 16.21.


Lennar  (BSP:L1EN34) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Lennar's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=474.18/54.33
=8.73

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Lennar was 69.25. The lowest was 7.55. And the median was 16.21.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Lennar E10 Related Terms


Lennar E10 Historical Data

* Premium members only.

The historical data trend for Lennar's E10 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 E10 Chart

Lennar Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.83 40.47 45.59 64.19 50.20

Lennar Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
E10 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 58.71 56.68 50.20 59.08 54.33

BSP:L1EN34 vs NVR, PHM, TOL: E10 Comparison

For the Residential Construction subindustry, Lennar's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Homebuilding & Construction Industry

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

* The bar in red indicates where Lennar's Shiller PE Ratio falls into.


BSP:L1EN34
69GF Score
Lennar Corp BSP:L1EN34
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lennar E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

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

Adj_EPS= Earnings per Share (Diluted) /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=6.177/335.1230*335.1230
=6.177

Current CPI (May. 2026) = 335.1230.

Lennar Quarterly Data

per share eps CPI Adj_EPS
201608 3.177 240.849 4.421
201611 4.384 241.353 6.087
201702 0.497 243.603 0.684
201705 2.852 244.733 3.905
201708 3.274 245.519 4.469
201711 4.209 246.669 5.718
201802 1.723 248.991 2.319
201805 3.414 251.588 4.548
201808 5.389 252.146 7.162
201811 9.162 252.038 12.182
201902 2.756 252.776 3.654
201905 5.189 256.092 6.790
201908 6.395 256.558 8.353
201911 8.852 257.208 11.534
202002 5.521 258.678 7.153
202005 9.305 256.394 12.162
202008 11.593 259.918 14.947
202011 15.364 260.229 19.786
202102 17.322 263.014 22.071
202105 14.006 269.195 17.436
202108 23.724 273.567 29.062
202111 21.766 277.948 26.243
202202 8.785 283.716 10.377
202205 22.277 292.296 25.541
202208 25.856 296.171 29.257
202211 23.969 297.711 26.981
202302 10.672 300.840 11.888
202305 14.994 304.127 16.522
202308 18.968 307.026 20.704
202311 23.608 307.051 25.766
202402 12.750 310.326 13.769
202405 17.722 314.069 18.910
202408 23.650 314.796 25.177
202411 23.532 315.493 24.996
202502 11.297 319.082 11.865
202505 10.256 321.465 10.692
202508 12.470 323.976 12.899
202511 10.309 324.122 10.659
202602 4.835 326.785 4.958
202605 6.177 335.123 6.177

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of R$54.33 mean?
Lennar (BSP:L1EN34) has a E10 of R$54.33 as of May. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Lennar and its competitors.
Is Lennar's E10 too high?
Lennar's current E10 is R$54.33. Overall, Lennar has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Lennar's E10 compare to NVR and PHM?
Lennar's E10 of R$54.33 can be compared against companies in the Homebuilding & Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Homebuilding & Construction company?
A good E10 depends on the Homebuilding & Construction industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Lennar and its competitors. Lennar's current E10 is R$54.33. 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 E10 of R$54.33. The stock's GF Value™ is R$726.79, compared to a current price of R$474.18 — trading 34.8% below its estimated fair value. The current E10 is R$54.33. Lennar's overall GF Score™ is 69/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Lennar (BSP:L1EN34), the current E10 is R$54.33 as of May. 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$474.18 is trading 34.8% below its estimated GF Value™ of R$726.79.

Key valuation signals for BSP:L1EN34:

  • E10: R$54.33
  • GF Value™: R$726.79 vs. price of R$474.18 (34.8% below fair value)
  • GF Score™: 69/100 with 6 warning signs

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.
69GF Score

Get the complete analysis for BSP:L1EN34

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$474.18
Price
R$726.79
GF Value