Lennar Corporation

DB:LNN Stock Report

Market Cap: €27.7b

Lennar Valuation

Is LNN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of LNN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

€72.84
Fair Value
53.7% overvalued intrinsic discount
14
Number of Analysts

Below Fair Value: LNN (€111.94) is trading above our estimate of fair value (€72.84)

Significantly Below Fair Value: LNN is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LNN?

Key metric: As LNN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LNN. This is calculated by dividing LNN's market cap by their current earnings.
What is LNN's PE Ratio?
PE Ratio12.2x
EarningsUS$2.66b
Market CapUS$32.19b

Price to Earnings Ratio vs Peers

How does LNN's PE Ratio compare to its peers?

The above table shows the PE ratio for LNN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.3x
ADS adidas
23.8x21.84%€28.6b
PHM PulteGroup
9.4x-5.51%US$24.8b
DHI D.R. Horton
13x7.90%US$46.4b
NVR NVR
14.9x-4.97%US$21.3b
LNN Lennar
12.2x-1.57%€32.2b

Price-To-Earnings vs Peers: LNN is good value based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (15.2x).

Price to Earnings Ratio vs Industry

How does LNN's PE Ratio compare vs other companies in the European Consumer Durables Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
LNN 12.2xIndustry Avg. 15.2xNo. of Companies14PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LNN is good value based on its Price-To-Earnings Ratio (12.2x) compared to the European Consumer Durables industry average (15.2x).

Price to Earnings Ratio vs Fair Ratio

What is LNN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LNN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.2x
Fair PE Ratio14.7x

Price-To-Earnings vs Fair Ratio: LNN is good value based on its Price-To-Earnings Ratio (12.2x) compared to the estimated Fair Price-To-Earnings Ratio (14.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LNN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€111.94
€110.61
-1.19%
16.23%€139.67€79.81n/a14
Nov ’26€106.18
€109.38
+3.02%
16.23%€138.12€78.93n/a14
Oct ’26€106.58
€109.99
+3.20%
15.96%€137.20€78.40n/a14
Sep ’26€116.00
€104.93
-9.54%
15.96%€136.52€81.57n/a14
Aug ’26€98.35
€104.87
+6.63%
16.14%€137.31€82.04n/a14
Jul ’26€93.23
€105.21
+12.85%
17.74%€137.75€81.16n/a15
Jun ’26€92.48
€121.36
+31.23%
18.60%€177.30€97.52n/a16
May ’26€91.81
€119.83
+30.51%
18.60%€175.06€96.28n/a16
Apr ’26€104.28
€126.88
+21.67%
17.17%€184.86€101.67n/a15
Mar ’26€115.60
€146.95
+27.12%
13.66%€191.46€115.83n/a14
Feb ’26€129.14
€151.74
+17.50%
13.44%€192.94€116.73n/a14
Jan ’26€130.04
€159.27
+22.48%
13.42%€197.09€124.98n/a15
Dec ’25€165.76
€188.93
+13.98%
11.35%€225.26€152.72€111.9416
Nov ’25€158.40
€180.99
+14.26%
11.13%€215.11€145.84€106.1816
Oct ’25€169.68
€177.96
+4.88%
11.18%€212.05€143.76€106.5817
Sep ’25€163.40
€162.35
-0.64%
13.13%€218.26€130.95€116.0017
Aug ’25€163.90
€162.09
-1.10%
12.34%€221.18€132.71€98.3517
Jul ’25€138.24
€163.55
+18.31%
12.10%€221.36€134.50€93.2319
Jun ’25€145.80
€163.93
+12.44%
12.48%€219.13€132.58€92.4819
May ’25€143.94
€164.00
+13.94%
12.48%€219.22€132.64€91.8119
Apr ’25€159.80
€157.99
-1.13%
13.96%€219.06€112.29€104.2820
Mar ’25€147.05
€150.08
+2.06%
11.80%€184.32€112.44€115.6020
Feb ’25€139.25
€147.51
+5.93%
10.84%€174.78€112.23€129.1420
Jan ’25€133.50
€143.63
+7.59%
11.05%€173.09€111.14€130.0421
Dec ’24€116.05
€126.24
+8.78%
9.42%€146.93€102.21€165.7621
€108.7
Fair Value
3.0% overvalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/01 20:59
End of Day Share Price 2025/11/28 00:00
Earnings2025/08/31
Annual Earnings2024/11/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Lennar Corporation is covered by 32 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher GrajaArgus Research Company
Stephen KimBarclays
Matthew BouleyBarclays