HOVHovnanian Enterprises, Inc.
Is the price fair?
Neither cheap nor expensive: modest expectations priced in, but at the top of its own P/E range.
Priced for a decline (~−20% a year). The price bakes in little to no growth.
Expensive vs its own history: P/E 116.0 vs a 7.1 median over 21 quarters (+1540% vs median).
Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.
What HOV's price assumes
Hovnanian Enterprises, Inc. trades at 116× earnings against 12.9× for the median Residential Construction name, more expensive than its own group.
Trailing P/E · Residential Construction median 12.9 · 8.98× the median: the market pays up for this one
- Price / sales
- 0.20
Price / sales · as of 2026-Q2
- Free cash flow yield
- 31%
Free cash flow yield · Residential Construction median 5.7%
- Growth the price implies
- −20%
Growth the price implies · The price pays for −20% free cash flow growth a year for a decade; the business has delivered −20% a year over the last three.
Details›
- Price / bookas of 2026-Q2
- 0.69
- EV / EBIToperating margin 1.3%: the multiple describes the denominator
- not meaningful
- EV / salesas of 2026-Q2
- 0.41
- Consumer Cyclical median P/E321 names
- 17.9
- Residential Construction median P/E17 names
- 12.9
- Free cash flow, trailing twelve months
- $198M
- Market capitalisation
- $646M
- 3-year revenue growth
- +0.81%
- 3-year free cash flow growth
- −20%
| Method | Per share |
|---|---|
| What its own history would imply | not meaningful, 116× today against a 7.07× median |
| 52-week range | $94.11 – $147.82 |
| Today | $110.17 |
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.
Residential Construction
Ranks #10 of 13 by RyuScore