Cavco Industries, Inc. (CVCO) Financial Ratios
26 years of historical data (2001–2026) · Consumer Cyclical · Residential Construction
EV/EBITDA
↑
17.47
↑+32% vs avg
5yr avg: 13.21
30Y Low6.9·High62.8
P/FCF
↓
19.92
+10% vs avg
5yr avg: 18.14
30Y Low10.1·High142.0
P/B Ratio
↑
4.33
↑+33% vs avg
5yr avg: 3.25
30Y Low1.1·High4.0
ROE
↓
17.6%
-12% vs avg
5yr avg: 20.0%
30Y Low-47%·High27%
Debt/EBITDA
↑
0.12
↓-18% vs avg
5yr avg: 0.15
30Y Low0.1·High8.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CVCO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Cavco Industries, Inc. trades at 25.1x earnings, 41% above its 5-year average of 17.8x, sitting at the 52nd percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a premium of 19%. On a free-cash-flow basis, the stock trades at 19.9x P/FCF, 10% above the 5-year average of 18.1x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.6B | $3.7B | $4.2B | $3.4B | $2.8B | $2.2B | $2.1B | $1.3B | $1.1B | $1.6B | $1.1B |
| Enterprise Value | $4.4B | $3.5B | $3.9B | $3.1B | $2.6B | $2.0B | $1.9B | $1.1B | $936M | $1.5B | $985M |
| P/E Ratio → | 25.08 | 19.44 | 24.82 | 21.72 | 11.79 | 11.29 | 27.35 | 17.89 | 15.88 | 26.01 | 27.91 |
| P/S Ratio | 2.06 | 1.65 | 2.11 | 1.91 | 1.32 | 1.37 | 1.89 | 1.27 | 1.13 | 1.84 | 1.37 |
| P/B Ratio | 4.33 | 3.36 | 3.99 | 3.32 | 2.90 | 2.68 | 2.52 | 2.21 | 2.06 | 3.50 | 2.69 |
| P/FCF | 19.92 | 15.96 | 27.03 | 16.54 | 13.40 | 17.77 | 16.70 | 15.37 | 43.23 | 31.73 | 26.83 |
| P/OCF | 17.28 | 13.85 | 23.78 | 15.26 | 11.09 | 15.47 | 14.54 | 13.20 | 33.18 | 27.20 | 23.66 |
P/E links to full P/E history page with 30-year chart
CVCO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Cavco Industries, Inc.'s enterprise value stands at 17.5x EBITDA, 32% above its 5-year average of 13.2x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 43% premium on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.55 | 1.95 | 1.73 | 1.21 | 1.24 | 1.69 | 1.07 | 0.97 | 1.69 | 1.27 |
| EV / EBITDA | 17.47 | 13.82 | 18.78 | 15.75 | 8.30 | 9.42 | 19.73 | 12.48 | 10.54 | 18.92 | 16.29 |
| EV / EBIT | 19.23 | 15.22 | 18.59 | 15.49 | 8.45 | 9.46 | 19.22 | 11.98 | 10.39 | 17.75 | 16.50 |
| EV / FCF | — | 14.98 | 25.05 | 15.01 | 12.29 | 16.02 | 14.95 | 12.95 | 37.15 | 29.21 | 24.95 |
CVCO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Cavco Industries, Inc. earns an operating margin of 10.2%, above the Consumer Cyclical sector average of 2.0%. ROE of 17.6% indicates solid capital efficiency, compared to the sector median of 5.3%. ROIC of 21.0% represents excellent returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.5% | 23.5% | 23.1% | 23.8% | 25.9% | 25.1% | 21.6% | 21.7% | 21.4% | 20.7% | 20.4% |
| Operating Margin | 10.2% | 10.2% | 9.4% | 10.0% | 13.8% | 12.4% | 8.0% | 8.0% | 8.7% | 8.5% | 7.3% |
| Net Profit Margin | 8.5% | 8.5% | 8.5% | 8.8% | 11.2% | 12.2% | 6.9% | 7.1% | 7.1% | 7.1% | 4.9% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.6% | 17.6% | 16.3% | 15.7% | 26.6% | 23.8% | 10.7% | 13.2% | 13.9% | 14.4% | 10.2% |
| ROA | 13.2% | 13.2% | 12.4% | 11.9% | 19.5% | 17.1% | 7.8% | 9.8% | 9.8% | 9.6% | 6.5% |
| ROIC | 21.0% | 21.0% | 19.4% | 18.4% | 32.8% | 24.8% | 13.2% | 16.5% | 17.9% | 17.0% | 13.4% |
| ROCE | 20.2% | 20.2% | 17.4% | 17.1% | 31.6% | 23.5% | 11.9% | 14.3% | 16.0% | 15.3% | 12.7% |
CVCO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Cavco Industries, Inc. carries a Debt/EBITDA ratio of 0.1x, which is very conservative (97% below the sector average of 4.8x). The company holds a net cash position — cash of $257M exceeds total debt of $31M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 422.5x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.04 | 0.03 | 0.04 | 0.03 | 0.03 | 0.05 | 0.06 | 0.13 | 0.15 |
| Debt / EBITDA | 0.12 | 0.12 | 0.22 | 0.18 | 0.12 | 0.12 | 0.26 | 0.33 | 0.38 | 0.77 | 0.96 |
| Net Debt / Equity | — | -0.21 | -0.29 | -0.31 | -0.24 | -0.26 | -0.26 | -0.35 | -0.29 | -0.28 | -0.19 |
| Net Debt / EBITDA | -0.90 | -0.90 | -1.48 | -1.61 | -0.75 | -1.03 | -2.31 | -2.34 | -1.72 | -1.63 | -1.23 |
| Debt / FCF | — | -0.97 | -1.98 | -1.53 | -1.11 | -1.75 | -1.75 | -2.43 | -6.08 | -2.52 | -1.89 |
| Interest Coverage | 422.49 | 422.49 | 409.26 | 121.79 | 338.10 | 302.98 | 132.32 | 63.19 | 26.17 | 18.86 | 13.44 |
Net cash position: cash ($257M) exceeds total debt ($31M)
CVCO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Cavco Industries, Inc.'s current ratio of 2.46x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.58x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 3.12x to 2.46x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.46 | 2.46 | 3.00 | 3.12 | 2.74 | 2.53 | 2.53 | 3.00 | 2.66 | 2.37 | 2.54 |
| Quick Ratio | 1.58 | 1.58 | 2.17 | 2.23 | 1.85 | 1.70 | 1.70 | 2.34 | 1.99 | 1.75 | 1.88 |
| Cash Ratio | 0.81 | 0.81 | 1.24 | 1.36 | 0.98 | 0.90 | 0.90 | 1.49 | 1.15 | 1.13 | 1.03 |
| Asset Turnover | — | 1.51 | 1.43 | 1.33 | 1.64 | 1.41 | 0.96 | 1.31 | 1.33 | 1.29 | 1.27 |
| Inventory Turnover | 5.81 | 5.81 | 6.13 | 5.67 | 6.03 | 4.99 | 3.56 | 7.32 | 6.51 | 6.33 | 6.56 |
| Days Sales Outstanding | — | 29.95 | 34.06 | 28.71 | 15.22 | 33.50 | 49.19 | 31.14 | 32.60 | 30.00 | 33.15 |
CVCO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Cavco Industries, Inc. returns 3.5% to shareholders annually primarily through share buybacks. The earnings yield of 4.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.0% | 5.1% | 4.0% | 4.6% | 8.5% | 8.9% | 3.7% | 5.6% | 6.3% | 3.8% | 3.6% |
| FCF Yield | 5.0% | 6.3% | 3.7% | 6.0% | 7.5% | 5.6% | 6.0% | 6.5% | 2.3% | 3.2% | 3.7% |
| Buyback Yield | 3.5% | 4.3% | 3.5% | 3.2% | 3.6% | 2.7% | 2.8% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.5% | 4.3% | 3.5% | 3.2% | 3.6% | 2.7% | 2.8% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $8M | $8M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M |
Peer Comparison
Compare CVCO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CVCOYou | $5B | 25.1 | 17.5 | 19.9 | 23.5% | 10.2% | 17.6% | 21.0% | 0.1 |
 SKY | $5B | 22.8 | 15.6 | 17.0 | 26.4% | 9.5% | 13.7% | 17.6% | 0.4 |
 LESL | $86M | -0.4 | 18.8 | — | 35.4% | 1.7% | — | 2.5% | 18.4 |
 PATK | $3B | 22.4 | 10.1 | 11.8 | 23.1% | 7.0% | 11.7% | 7.6% | 3.7 |
 PHM | $24B | 11.4 | 8.0 | 14.0 | 26.4% | 17.3% | 17.7% | 17.2% | 0.8 |
 DHI | $46B | 13.6 | 10.8 | 13.9 | 23.7% | 12.9% | 14.2% | 12.1% | 1.3 |
 LEN | $22B | 11.2 | 8.6 | 790.5 | 9.9% | 8.0% | 8.3% | 7.9% | 2.2 |
 TOL | $15B | 11.5 | 9.1 | 14.4 | 26.0% | 15.7% | 16.9% | 13.4% | 1.6 |
 SUI | $15B | 10.9 | 15.9 | 16.9 | 9.3% | 20.9% | 19.1% | 3.2% | 1.8 |
 ELS | $12B | 32.2 | 21.2 | 36.1 | 37.6% | 33.8% | 21.2% | 7.6% | 4.6 |
 UMH | $1B | 215.1 | 17.6 | 15.7 | 3.9% | 17.4% | 2.9% | 2.3% | 6.8 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 26 years · Updated daily
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CVCO — Frequently Asked Questions
Quick answers to the most common questions about buying CVCO stock.
What is Cavco Industries, Inc.'s P/E ratio?
Cavco Industries, Inc.'s current P/E ratio is 25.1x. The historical average is 30.1x. This places it at the 52th percentile of its historical range.
What is Cavco Industries, Inc.'s EV/EBITDA?
Cavco Industries, Inc.'s current EV/EBITDA is 17.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.1x.
What is Cavco Industries, Inc.'s ROE?
Cavco Industries, Inc.'s return on equity (ROE) is 17.6%. The historical average is 6.9%.
Is CVCO stock overvalued?
Based on historical data, Cavco Industries, Inc. is trading at a P/E of 25.1x. This is at the 52th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Cavco Industries, Inc.'s profit margins?
Cavco Industries, Inc. has 23.5% gross margin and 10.2% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Cavco Industries, Inc. have?
Cavco Industries, Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.