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HOVNANIAN ENTERPRISES INC HOV

NYSE · stock · Operative Builders · website · IPO 1983-09-08 · LEI

HOVNANIAN ENTERPRISES INC statistics & valuation

Market cap$866.0M
P / S0.3×
P / B1.0×
P / FCF5.2×
Dividend yield1.24%
FCF margin5.6%
Net debt$900.7M
Enterprise value USD$1.8B
Graham number +4.9%$141.97

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($141.97); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
2016201720182019202020212022202320242025
Shares outstanding
147.5M 5.9M 6.1M 6.0M 6.6M 6.4M 6.7M 6.7M 7.0M 6.9M 2016201720182019202020212022202320242025
Net debt ($)
$1.26B $1.14B $1.44B $1.48B $1.43B $1.25B $1.15B $1.05B $896.2M $900.7M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-0.10% -17.50% 0.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
13.80% 12.00% -3.60% -12.60% 12.30% 7.30% 2.60% 15.10% 0.20% 5.60% 2016201720182019202020212022202320242025
Debt / equity (×)
7.12× 2.99× 1.81× 1.12× 1.08× 2016201720182019202020212022202320242025
EPS ($)
-$0.02 -$56.23 $0.72 -$7.06 $7.03 $85.86 $29.00 $26.88 $31.79 $7.43 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

HOVNANIAN ENTERPRISES INC trades at about 18.2× earnings — above its 10-year norm (10-year range 1.1×–583×, median 6.2×).

1.1× 583×

Shaded band = 10-year range (1.1×–583×); dot = today's 18.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin———————0.2%-13.5%-0.1%
FCF margin5.6%0.2%15.1%2.6%7.3%12.3%-12.6%-3.6%12.0%13.8%
Return on assets———————0.3%-17.5%-0.1%
Return on equity———————-1.0%72.2%2.2%
Debt / equity1.08×1.12×1.81×2.99×7.12×-3.28×-3.02×-3.17×-3.50×-12.50×

Computed from company filings · US · as of 2025-10-31. Facts plus Stocktoria's own computed scores — not investment advice.