Last 46 quarters of trend data · Consumer Cyclical · Residential Construction
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
KB Home's quarterly P/E stands at 10.4x, up 26.4% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 40.3% YoY to 10.5x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 8.81 | 10.38 | 9.87 | 8.60 | 10.23 | 8.21 | 10.26 | 8.21 | 9.44 | 7.04 | 7.06 | 5.58 | 6.08 |
| — | +26.4% | -3.8% | +4.7% | +8.5% | +16.6% | +45.4% | +47.0% | +55.2% | +121.6% | +182.7% | +50.9% | -7.4% | |
| P/S Ratio | 0.55 | 0.62 | 0.66 | 0.61 | 0.80 | 0.78 | 0.92 | 0.80 | 0.89 | 0.63 | 0.66 | 0.52 | 0.55 |
| — | -20.5% | -27.4% | -24.3% | -9.7% | +24.0% | +38.2% | +55.3% | +61.7% | +77.7% | +91.9% | +14.3% | -12.8% | |
| P/B Ratio | 0.96 | 1.07 | 1.10 | 0.93 | 1.09 | 1.53 | 1.61 | 1.38 | 1.34 | 1.10 | 1.10 | 0.97 | 0.82 |
| — | -29.9% | -31.4% | -32.3% | -18.7% | +39.0% | +46.6% | +41.9% | +63.1% | +47.3% | +50.5% | +2.5% | -26.8% | |
| P/FCF | 11.80 | 3.57 | 5.79 | 5.93 | — | 4.41 | — | 26.83 | 68.18 | 3.48 | 6.75 | 1.81 | 8.91 |
| — | -19.0% | — | -77.9% | — | +26.5% | — | +1384.8% | +665.0% | +101.6% | -16.1% | — | — | |
| EV / EBITDA | 8.70 | 10.52 | 10.24 | 9.25 | 10.76 | 7.50 | 9.53 | 8.03 | 9.11 | 6.52 | 6.83 | 5.54 | 6.91 |
| — | +40.3% | +7.4% | +15.1% | +18.2% | +15.0% | +39.5% | +45.0% | +31.8% | +59.9% | +94.1% | +13.7% | -9.1% | |
| EV / EBIT | 9.38 | 11.00 | 10.36 | 9.35 | 10.76 | 7.40 | 9.34 | 7.43 | 8.95 | 6.49 | 6.82 | 5.59 | 7.23 |
| — | +48.7% | +10.9% | +25.9% | +20.3% | +13.9% | +37.0% | +32.8% | +23.8% | +54.8% | +87.1% | +17.6% | -6.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
KB Home's operating margin was 7.3% in Q4 2025, down 1.0 pp QoQ and down 4.4 pp YoY. This marks the 5th consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 8.5% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 17.8% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.9% | 17.4% | 18.5% | 19.6% | 20.4% | 21.1% | 20.9% | 21.5% | 21.9% | 21.1% | 21.8% | 21.5% | 21.8% |
| — | -17.8% | -11.8% | -8.9% | -6.6% | +0.1% | -4.1% | +0.2% | +0.5% | -7.1% | -18.5% | -15.8% | -3.8% | |
| Operating Margin | 8.4% | 7.3% | 8.4% | 8.8% | 9.4% | 11.7% | 11.1% | 11.4% | 11.1% | 11.3% | 11.7% | 11.8% | 11.6% |
| — | -37.4% | -24.4% | -22.8% | -15.1% | +4.1% | -5.1% | -3.2% | -4.9% | -23.1% | -34.8% | -24.4% | -5.9% | |
| Net Margin | 6.9% | 6.0% | 6.8% | 7.1% | 7.9% | 9.5% | 9.0% | 9.9% | 9.4% | 9.0% | 9.4% | 9.3% | 9.1% |
| — | -37.1% | -24.5% | -28.4% | -16.7% | +6.1% | -5.0% | +5.7% | +4.2% | -19.5% | -31.7% | -23.9% | -5.5% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.8% | 2.6% | 2.8% | 2.7% | 2.7% | 4.7% | 3.9% | 4.3% | 3.6% | 3.9% | 3.9% | 4.4% | 3.4% |
| — | -45.1% | -29.4% | -37.6% | -25.5% | +20.4% | -0.1% | -2.9% | +5.7% | -35.0% | -47.6% | -32.8% | -21.8% | |
| ROA | 6.3% | 1.5% | 1.6% | 1.5% | 1.6% | 2.8% | 2.3% | 2.5% | 2.1% | 2.3% | 2.3% | 2.5% | 1.9% |
| — | -46.5% | -32.0% | -38.3% | -24.3% | +21.7% | +0.4% | -1.3% | +9.1% | -29.7% | -40.2% | -23.3% | -14.6% | |
| ROIC | 7.4% | 1.7% | 1.8% | 1.8% | 1.8% | 3.3% | 2.8% | 2.9% | 2.5% | 2.9% | 2.8% | 3.0% | 2.2% |
| — | -49.1% | -34.7% | -38.5% | -27.6% | +15.3% | -0.6% | -3.7% | +14.5% | -22.3% | -35.9% | -19.5% | -19.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
KB Home's Debt/EBITDA ratio is 12.8x, down from 13.5x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 34.4% YoY to 4.57x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.44 | 0.44 | 0.50 | 0.48 | 0.44 | 0.42 | 0.43 | 0.43 | 0.44 | 0.45 | 0.45 | 0.45 | 0.52 |
| — | +5.3% | +17.2% | +11.5% | +0.2% | -6.4% | -4.1% | -5.3% | -14.7% | -30.5% | -35.1% | -40.4% | -26.5% | |
| Debt / EBITDA | 3.06 | 12.82 | 13.55 | 13.31 | 13.02 | 7.01 | 8.42 | 8.41 | 10.02 | 8.63 | 8.83 | 7.89 | 11.30 |
| — | +82.9% | +60.9% | +58.3% | +30.0% | -18.8% | -4.6% | +6.6% | -11.4% | +6.6% | +23.9% | -13.2% | -7.8% | |
| Current Ratio | 4.57 | 4.57 | 5.57 | 7.10 | 7.13 | 6.97 | 6.87 | 6.90 | 6.86 | 6.87 | 8.09 | 8.05 | 7.90 |
| — | -34.4% | -18.9% | +2.8% | +3.9% | +1.5% | -15.1% | -14.3% | -13.2% | -9.1% | +12.9% | +17.4% | +15.4% | |
| Quick Ratio | 0.44 | 0.44 | 0.63 | 0.76 | 0.69 | 1.07 | 0.83 | 1.13 | 1.13 | 1.22 | 1.27 | 1.23 | 0.82 |
| — | -58.9% | -24.4% | -33.1% | -39.4% | -12.8% | -34.5% | -8.1% | +38.4% | +49.7% | +98.5% | +89.7% | +22.1% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 46 years · Updated daily
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Quick answers to the most common questions about buying KBH stock.
KB Home's current P/E is 8.8x. The average P/E over the last 4 quarters is 9.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
KB Home's current operating margin is 8.4%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking KB Home's business trajectory between earnings reports.