LEN (Lennar) Total Operating Expense: $627 Mil (TTM As of May. 2026)


LEN Lennar Corp LEN
73 GF Score
Price $88.21
GF Value $125.86
Valuation Possible Value Trap
! 6 Warning Signs
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What is Lennar Total Operating Expense?

Lennar LEN +1.32% 73 Total Operating Expense is $627 Mil as of May. 2026. GuruFocus rates LEN with a GF Score™ of 73/100 and a GF Value™ of $125.86 (Possible Value Trap). The stock has 6 warning signs investors should review.

Lennar's Total Operating Expense for the three months ended in May. 2026 was $136 Mil. Lennar's Total Operating Expense for the trailing twelve months (TTM) ended in May. 2026 was $627 Mil.

Lennar Total Operating Expense Related Terms

Lennar Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Lennar's Total Operating Expense 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 Total Operating Expense Chart

Lennar Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 398.38 414.50 501.34 648.99 636.72

Lennar Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Total Operating Expense 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 155.85 171.40 162.09 157.64 136.15
LEN
73GF Score
Lennar Corp LEN
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Lennar Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $627 Mil.

* 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.

What does a Total Operating Expense of $627 Mil mean?
Lennar (LEN) has a Total Operating Expense of $627 Mil as of May. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Lennar and its competitors.
Is Lennar's Total Operating Expense too high?
Lennar's current Total Operating Expense is $627 Mil. Overall, Lennar has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Lennar's Total Operating Expense compare to PHM and NVR?
Lennar's Total Operating Expense of $627 Mil 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 Total Operating Expense for a Homebuilding & Construction company?
A good Total Operating Expense depends on the Homebuilding & Construction industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Lennar and its competitors. Lennar's current Total Operating Expense is $627 Mil. 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 (LEN) is currently considered Possible Value Trap. The stock's GF Value™ is $125.86, compared to a current price of $88.21 — trading 29.9% below its estimated fair value. The current Total Operating Expense is $627 Mil. Lennar's overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Lennar (LEN), the current Total Operating Expense is $627 Mil 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 (LEN) Overvalued in 2026?

Based on GuruFocus' analysis, Lennar stock appears to be undervalued. The current stock price of $88.21 is trading 29.9% below its estimated GF Value™ of $125.86. GuruFocus considers Lennar to be Possible Value Trap.

Key valuation signals for LEN:

  • Total Operating Expense: $627 Mil
  • GF Value™: $125.86 vs. price of $88.21 (29.9% below fair value)
  • GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the LEN 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.
73GF Score

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

$88.21
Price
$125.86
GF Value