Lennar price to free cash flow LEN

Market value divided by free cash flow over the last twelve months, since 2016.

Today, Oct 23, 2026: 24.9×
10-year median: 12.6×
Against its 10-year history: 86th; percentile: 0 is its lowest day, 100 its highest
10-year range: 5.5× to 132×
Peer median: 15.1×

Lennar's price to free cash flow is 24.9× as of Oct 23, 2026.

That is above its ten-year median of 12.6×, higher than on 86% of days in the last ten years.

Over that time it ranged from 5.5× in Oct 2020 to 132× in Sep 2025.

The median for 10 homebuilders of a similar size is 15.1×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	24.9×	22.5×	29.6×
2025	121×	9.1×	132×
2024	9.7×	8.0×	13.3×
2023	8.1×	5.7×	16.7×
2022	15.3×	9.5×	15.6×
2021	14.2×	5.7×	14.3×
2020	5.9×	5.5×	18.5×
2019	15.6×	9.4×	17.2×
2018	10.1×	10.0×	28.7×
2017	19.8×	14.9×	29.9×
2016	14.7×	14.1×	15.3×

Against its peers

Companies in Residential Construction nearest Lennar's size, closest first, today.

Company	Price to free cash flow
LENLennar	24.9×
PHMPulteGroup	15.0×
NVRNVR	15.2×
TOLToll Brothers	11.8×
DHID.R. Horton	12.9×
IBPInstalled Building Products	18.1×
ECGEverus Construction	19.4×
MTHMeritage Homes CORP	10.1×
TPCTutor Perini	6.5×
GEOGEO	136×
MHOM/I Homes	22.6×
Peer median	15.1×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Lennar

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.