Nvr Inc (NVR)

Operative Builders

Latest Price

$6154.39

TTM P/E

15.99

Normalized P/E

13.67

Div Yield

Book Value

1256.33

P/B Ratio

4.90

Valuation metrics

EPS: $436.55

Book value / share: $1380.61

Formula: √(22.5 × EPS × BVPS)

Graham Number

$3,682.51

40% downside

Norm. op. income: $1.8B (median of 7yr)

Tax rate: 20%

Discount rate: 10%

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

Earnings Power Value

$5,703.06

7% downside

Base FCF: $1.3B (median of recent 5yr)

Growth: -0%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$6,187.81

+1% upside

EPS: $436.55

Target P/E: 14×

Formula: EPS × P/E

P/E Fair Value

$6,111.70

1% downside

83.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	294.2K	$2.00B	10.74%	+12.2K	2026-06-30
Vanguard Capital Management LLC	174.9K	$1.19B	6.39%	-2.7K	2026-06-30
Capital Research Global Investors	163.8K	$1.12B	5.98%	+879	2026-06-30
State Street Corp	128.8K	$877.0M	4.70%	+1.2K	2026-06-30
Vanguard Portfolio Management LLC	113.2K	$771.0M	4.13%	-6.1K	2026-06-30
Geode Capital Management, LLC	73.7K	$500.0M	2.69%	+38	2026-06-30
Boston Partners	60.8K	$413.0M	2.22%	+2.8K	2026-06-30
Principal Financial Group Inc	58.5K	$398.0M	2.14%	+290	2026-06-30
AQR Capital Management LLC	49.1K	$334.0M	1.79%	+40.2K	2026-06-30
Invesco Ltd.	46.8K	$318.0M	1.71%	+3.8K	2026-06-30