Stocktoria

Toll Brothers, Inc. TOL

NYSE · stock · Operative Builders · website · IPO 1986-07-16 · LEI

Toll Brothers, Inc. statistics & valuation

Market cap$15.3B
P / E11.4×
P / S1.4×
P / B1.9×
P / FCF15.0×
Dividend yield0.63%
Net margin12.3%
Return on equity16.3%
FCF margin9.4%
Graham number +6.9%$158.76

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 ($158.76); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
9.20% 10.50% 8.20% 6.30% 9.50% 12.50% 13.70% 14.50% 12.30% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
11.10% 11.00% 9.40% 7.80% 11.60% 14.70% 17.30% 18.80% 15.70% 2016201720182019202020212022202320242025
Return on equity (%)
9.00% 11.80% 15.70% 11.50% 9.10% 15.60% 21.40% 20.10% 20.40% 16.30% 2016201720182019202020212022202320242025
Shares outstanding
176.0M 169.5M 154.2M 146.5M 131.2M 125.8M 118.0M 111.0M 104.7M 99.8M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
3.90% 5.70% 7.30% 5.40% 4.00% 7.20% 10.50% 11.00% 11.80% 9.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
14.30% 7.80% 4.90% 12.70% 14.10% 8.90% 11.90% 8.60% 9.40% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$2.18 $3.17 $4.85 $4.03 $3.40 $6.63 $10.90 $12.36 $15.01 $13.49 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

Toll Brothers, Inc. trades at about 11× earnings — near its 10-year norm (10-year range 4.4×–15.9×, median 10.4×).

4.4× 15.9×

Shaded band = 10-year range (4.4×–15.9×); dot = today's 11×.

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
Operating margin15.7%18.8%17.3%14.7%11.6%7.8%9.4%11.0%11.1%—
Net margin12.3%14.5%13.7%12.5%9.5%6.3%8.2%10.5%9.2%—
FCF margin9.4%8.6%11.9%8.9%14.1%12.7%4.9%7.8%14.3%—
Return on assets9.3%11.8%11.0%10.5%7.2%4.0%5.4%7.3%5.7%3.9%
Return on equity16.3%20.4%20.1%21.4%15.6%9.1%11.5%15.7%11.8%9.0%

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