Lennar (LEN)
NYSEConsumer DiscretionaryResidential ConstructionSnapshot 2026-11-04
$92.19+7.09%
Close 2026-11-04 · 1-day change
NYSEConsumer DiscretionaryResidential ConstructionSnapshot 2026-11-04
Research Workspace
Put LEN beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Consumer Discretionary is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Improve gross margin to approximately 16% in 2026: Gross margin: 16.56%.
View ThesisRevenue is contracting — down about 8% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look high — what the market is pricing in runs ahead of what analysts forecast.
View ValuationModerate volatility — typically moves about 2% a day.
View RiskLennar's home delivery engine has to keep compounding to justify the price. Revenue fell 6% year over year in the latest quarter. The company also missed its earnings target by 5.4%. The stock trades at 15 times earnings. That is below the 16 times peer median. The market is pricing in more growth than we forecast. The primary pillar is under pressure. Gross margin is 16.56% versus a 16% target. Peer multiples imply a price about 13% below where it trades. Our standing thesis is on watch. This read is provisional.
Trailing returns as of 2026-11-04. LEN is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 21 analysts currently covering LEN (as of Nov 2026).
Based on 7 Wall Street analysts offering 12-month price targets for LEN in the last 4 months.
Continue this research
Compare LEN with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
Compare now without an account. Saving and monitoring require an account.
| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| LEN Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 10 valuation methods, at three horizons. As of 2026-11-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Homebuilding — fair value, gap to price, and forward P/E.
Compare the value case
Put LEN next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Viral quality complaints threaten brand reputation and customer satisfaction.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-11-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $92.19
The last 12 months of price, then the range of analyst 12-month targets from today’s $92.19.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Threatens: Improve gross margin to approximately 16% in 2026
Negative outlook impacts gross margin improvement objective.
Threatens: Improve gross margin to approximately 16% in 2026
Margin concerns could hinder gross margin improvement objective.
Advances: Deliver approximately 80,000 to 83,000 homes in FY 2026
Buffett's investment signals confidence in housing demand.
Berkshire's stake indicates confidence in Lennar's future.
Threatens: Deliver approximately 80,000 to 83,000 homes in FY 2026
Delivery forecast cut impacts growth objective for FY 2026.
Threatens: Deliver approximately 80,000 to 83,000 homes in FY 2026
Price cuts may hinder home delivery targets.
Threatens: Deliver approximately 82,000 to 83,000 homes in FY 2026
Higher mortgage rates may hinder home sales growth.
