Lennar Corp (LEN)

General Bldg Contractors - Residential Bldgs

Latest Price

$81.59

TTM P/E

12.79

Normalized P/E

6.70

Div Yield

Book Value

89.80

P/B Ratio

0.91

Valuation metrics

EPS: $14.31

Book value / share: $80.73

Formula: √(22.5 × EPS × BVPS)

Graham Number

$161.22

+98% upside

Norm. op. income: $5.2B (median of 7yr)

Tax rate: 23%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$138.07

+69% upside

Base FCF: $2.5B (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$146.90

+80% upside

EPS: $14.31

Target P/E: 7×

Formula: EPS × P/E

P/E Fair Value

$100.17

+23% upside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	18.35M	$1.66B	8.72%	+89.5K	2026-06-30
Berkshire Hathaway Inc	13.11M	$1.19B	6.23%	+3.01M	2026-06-30
Vanguard Capital Management LLC	13.02M	$1.18B	6.19%	+74.2K	2026-06-30
Greenhaven Associates Inc	11.32M	$1.02B	5.38%	+684.1K	2026-06-30
Eagle Capital Management LLC	10.69M	$967.0M	5.08%	-193.5K	2026-06-30
State Street Corp	10.43M	$943.0M	4.95%	+389.7K	2026-06-30
Vanguard Portfolio Management LLC	9.55M	$863.0M	4.54%	+20.7K	2026-06-30
Aristotle Capital Management, LLC	7.84M	$709.0M	3.72%	-509.8K	2026-06-30
Manufacturers Life Insurance Company, the	6.68M	$604.0M	3.17%	+706.5K	2026-06-30
Geode Capital Management, LLC	5.83M	$525.0M	2.77%	+80.2K	2026-06-30