Hovnanian EnterprisesHOV +11.31%68 PB Ratio is 1.20 as of Jun. 25, 2026, which is 21% below its 10-year median of 1.51. GuruFocus rates HOV with a GF Score™ of 68/100 and a GF Value™ of $124.94 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 94 Homebuilding & Construction companies, Hovnanian Enterprises ranks worse than 55.32% on this metric.
The historical rank and industry rank for Hovnanian Enterprises's PB Ratio or its related term are showing as below:
HOV'
s PB Ratio Range Over the Past 10 Years
Min: 0.76 Med: 1.51 Max: 20.83
Current: 1.2
During the past 13 years, Hovnanian Enterprises's highest PB Ratio was 20.83. The lowest was 0.76. And the median was 1.51.
HOV's PB Ratio is ranked worse than 55.32% of 94
companies
in the Homebuilding & Construction industry
Industry Median: 0.98
vs HOV: 1.20
During the past 12 months, Hovnanian Enterprises's average Book Value Per Share Growth Rate was -0.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 42.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Hovnanian Enterprises was 158.90% per year. The lowest was -54.50% per year. And the median was 10.80% per year.
Back to Basics: PB Ratio
Hovnanian Enterprises (NYSE:HOV) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* 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.
For the Residential Construction subindustry, Hovnanian Enterprises's PB Ratio, along with its competitors' market caps and PB 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.
Hovnanian Enterprises PB Ratio vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Hovnanian Enterprises's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hovnanian Enterprises's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Hovnanian Enterprises (HOV) has a PB Ratio of 1.20 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Hovnanian Enterprises and its competitors. This is 21% below median its historical median of 1.51. Over the past decade, Hovnanian Enterprises' PB Ratio has ranged from 0.76 to 20.83. According to the industry distribution chart, Hovnanian Enterprises ranks #52 out of 94 companies in the Homebuilding & Construction industry, placing it in the top 55.3%.
Is Hovnanian Enterprises' PB Ratio too high?
Hovnanian Enterprises' current PB Ratio of 1.20 is 21% below median its 10-year median of 1.51. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 20.83. The Homebuilding & Construction industry median PB Ratio is 0.98. Hovnanian Enterprises' value of 1.20 is 22.4% above this industry median. Based on the distribution chart, Hovnanian Enterprises ranks #52 out of 94 companies in the Homebuilding & Construction industry, which is below the industry midpoint. Overall, Hovnanian Enterprises has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hovnanian Enterprises' PB Ratio compare to BZH and LEGH?
According to the Homebuilding & Construction industry distribution chart, Hovnanian Enterprises ranks #52 out of 94 companies for PB Ratio. This places Hovnanian Enterprises in the lower half of its industry. The industry median PB Ratio is 0.98. Hovnanian Enterprises' value of 1.20 is 22.4% above this benchmark. Historically, Hovnanian Enterprises' own PB Ratio has ranged from 0.76 to 20.83 over the past decade. While the company's 10-year median is 1.51 vs. the industry median of 0.98, Hovnanian Enterprises 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 PB Ratio for a Homebuilding & Construction company?
The median PB Ratio among Homebuilding & Construction companies is 0.98, based on 94 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hovnanian Enterprises's current PB Ratio of 1.20 is 22.4% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Hovnanian Enterprises and its competitors. For the Homebuilding & Construction industry, the median PB Ratio is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hovnanian Enterprises's current PB Ratio is 1.20, which is 21% below median its own 10-year median of 1.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hovnanian Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Hovnanian Enterprises (HOV) is currently considered Modestly Overvalued. The stock's GF Value™ is $124.94, compared to a current price of $141.91 — trading 13.6% above its estimated fair value. The current PB Ratio is 1.20, which is 21% below median its 10-year median of 1.51 and 22.4% above the Homebuilding & Construction industry median of 0.98. Hovnanian Enterprises' overall GF Score™ is 68/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Hovnanian Enterprises (HOV), the current PB Ratio is 1.20 as of Jun. 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 Hovnanian Enterprises (HOV) Overvalued in 2026?
Based on GuruFocus' analysis, Hovnanian Enterprises stock appears to be overvalued.
The current stock price of $141.91 is trading 13.6% above its estimated GF Value™ of $124.94.
GuruFocus considers Hovnanian Enterprises to be Modestly Overvalued.
Key valuation signals for HOV:
PB Ratio: 1.20 (21% below median its 10-year median of 1.51)
GF Value™: $124.94 vs. price of $141.91 (13.6% above fair value)
Industry Position: 22.4% above the Homebuilding & Construction median (#52 of 94)
No single metric tells the full story. See the HOV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations. The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It has two distinct operations: homebuilding and financial services. Its homebuilding operations are divided geographically into three segments: Northeast, which includes Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia, and West Virginia; Southeast, which includes Florida, Georgia, and South Carolina; and West, which includes Arizona, California, and Texas. The firm generates maximum revenue from the West Segment.
68GF Score
Get the complete analysis for HOV
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HOV has been successfully added to your 
