NVR, Inc. (NVR) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Residential Construction
EV/EBITDA
↓
9.03
↓-22% vs avg
5yr avg: 11.61
30Y Low3.5·High18.0
P/FCF
↑
15.43
-8% vs avg
5yr avg: 16.85
30Y Low2.8·High87.9
P/B Ratio
↓
4.84
↓-19% vs avg
5yr avg: 5.99
30Y Low1.3·High9.3
ROE
↓
33.2%
-20% vs avg
5yr avg: 41.3%
30Y Low8%·High93%
Debt/EBITDA
↓
0.67
+3% vs avg
5yr avg: 0.65
30Y Low0.0·High4.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NVR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
NVR, Inc. trades at 14.0x earnings, 8% below its 5-year average of 15.2x, sitting at the 47th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.6x, the stock trades at a discount of 29%. On a free-cash-flow basis, the stock trades at 15.4x P/FCF, 8% below the 5-year average of 16.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $16.9B | $22.4B | $27.1B | $24.0B | $16.2B | $22.8B | $16.0B | $15.1B | $10.0B | $14.9B | $6.8B |
| Enterprise Value | $16.2B | $21.6B | $25.6B | $21.9B | $14.7B | $21.8B | $14.8B | $14.7B | $9.9B | $14.8B | $7.1B |
| P/E Ratio → | 13.95 | 16.71 | 16.14 | 15.11 | 9.38 | 18.44 | 17.73 | 17.22 | 12.51 | 27.67 | 16.11 |
| P/S Ratio | 1.64 | 2.17 | 2.57 | 2.52 | 1.54 | 2.54 | 2.12 | 2.04 | 1.39 | 2.36 | 1.17 |
| P/B Ratio | 4.84 | 5.79 | 6.45 | 5.51 | 4.61 | 7.59 | 5.15 | 6.46 | 5.51 | 9.26 | 5.25 |
| P/FCF | 15.43 | 20.41 | 20.18 | 16.32 | 8.74 | 18.62 | 17.58 | 17.93 | 14.18 | 27.11 | 18.92 |
| P/OCF | 15.09 | 19.96 | 19.75 | 16.05 | 8.65 | 18.35 | 17.27 | 17.46 | 13.79 | 26.15 | 17.82 |
P/E links to full P/E history page with 30-year chart
NVR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
NVR, Inc.'s enterprise value stands at 9.0x EBITDA, 22% below its 5-year average of 11.6x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 21% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.09 | 2.42 | 2.30 | 1.39 | 2.44 | 1.96 | 1.98 | 1.37 | 2.34 | 1.21 |
| EV / EBITDA | 9.03 | 12.07 | 12.74 | 11.91 | 6.71 | 14.65 | 14.80 | 15.14 | 10.77 | 18.01 | 10.95 |
| EV / EBIT | 9.67 | 12.07 | 11.92 | 11.20 | 6.40 | 13.29 | 12.94 | 13.97 | 10.02 | 17.02 | 10.33 |
| EV / FCF | — | 19.71 | 19.00 | 14.87 | 7.92 | 17.82 | 16.27 | 17.39 | 14.01 | 26.99 | 19.47 |
NVR Profitability
Margins and return-on-capital ratios measuring operating efficiency
NVR, Inc. earns an operating margin of 16.2%, above the Consumer Cyclical sector average of 2.9%. Operating margins have compressed from 19.1% to 16.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. Return on equity of 33.2% is exceptionally high — well above the sector median of 5.6%. ROIC of 43.8% represents excellent returns on invested capital versus a sector median of 5.8%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.0% | 23.0% | 25.5% | 26.0% | 27.3% | 24.5% | 21.3% | 21.0% | 20.7% | 21.0% | 19.2% |
| Operating Margin | 16.2% | 16.2% | 18.9% | 19.1% | 20.6% | 16.4% | 13.0% | 12.8% | 12.5% | 12.7% | 10.7% |
| Net Profit Margin | 13.0% | 13.0% | 16.0% | 16.7% | 16.4% | 13.8% | 11.9% | 11.9% | 11.1% | 8.5% | 7.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 33.2% | 33.2% | 39.2% | 40.4% | 53.0% | 40.5% | 33.1% | 42.3% | 46.7% | 36.9% | 33.4% |
| ROA | 21.9% | 21.9% | 25.9% | 26.0% | 30.0% | 21.3% | 18.8% | 25.2% | 25.9% | 19.1% | 16.5% |
| ROIC | 43.8% | 43.8% | 61.7% | 65.0% | 81.1% | 56.1% | 38.6% | 39.7% | 41.6% | 39.4% | 32.0% |
| ROCE | 32.9% | 32.9% | 37.5% | 36.8% | 47.6% | 31.7% | 25.3% | 34.9% | 38.8% | 39.0% | 33.3% |
NVR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
NVR, Inc. carries a Debt/EBITDA ratio of 0.7x, which is very conservative (85% below the sector average of 4.4x). The company holds a net cash position — cash of $2.0B exceeds total debt of $1.2B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 62.1x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.31 | 0.31 | 0.24 | 0.23 | 0.29 | 0.53 | 0.51 | 0.29 | 0.33 | 0.37 | 0.46 |
| Debt / EBITDA | 0.67 | 0.67 | 0.51 | 0.55 | 0.46 | 1.07 | 1.59 | 0.71 | 0.65 | 0.73 | 0.93 |
| Net Debt / Equity | — | -0.20 | -0.38 | -0.49 | -0.43 | -0.33 | -0.38 | -0.20 | -0.06 | -0.04 | 0.15 |
| Net Debt / EBITDA | -0.42 | -0.42 | -0.79 | -1.17 | -0.69 | -0.66 | -1.19 | -0.47 | -0.12 | -0.08 | 0.31 |
| Debt / FCF | — | -0.69 | -1.18 | -1.46 | -0.82 | -0.80 | -1.31 | -0.54 | -0.16 | -0.13 | 0.56 |
| Interest Coverage | 62.10 | 62.10 | 77.14 | 70.52 | 58.01 | 30.91 | 27.97 | 41.38 | 39.22 | 35.97 | 31.43 |
Net cash position: cash ($2.0B) exceeds total debt ($1.2B)
NVR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
NVR, Inc.'s current ratio of 3.95x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.12x 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 4.90x to 3.95x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.95 | 3.95 | 5.07 | 4.90 | 4.53 | 4.35 | 4.96 | 4.37 | 3.76 | 3.40 | 3.04 |
| Quick Ratio | 2.12 | 2.12 | 3.29 | 3.31 | 2.97 | 2.78 | 3.38 | 2.66 | 2.11 | 1.82 | 1.57 |
| Cash Ratio | 2.08 | 2.08 | 2.27 | 2.59 | 2.20 | 2.07 | 2.56 | 1.45 | 0.94 | 0.85 | 0.53 |
| Asset Turnover | — | 1.76 | 1.65 | 1.44 | 1.86 | 1.54 | 1.31 | 1.94 | 2.27 | 2.11 | 2.21 |
| Inventory Turnover | 4.61 | 4.61 | 3.81 | 3.62 | 4.28 | 3.47 | 3.47 | 4.34 | 4.54 | 4.00 | 4.31 |
| Days Sales Outstanding | — | 1.16 | 1.13 | 1.11 | 0.72 | 0.76 | 0.89 | 0.90 | 0.95 | 1.16 | 1.19 |
NVR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
NVR, Inc. returns 10.8% to shareholders annually primarily through share buybacks. The earnings yield of 7.2% (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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.2% | 6.0% | 6.2% | 6.6% | 10.7% | 5.4% | 5.6% | 5.8% | 8.0% | 3.6% | 6.2% |
| FCF Yield | 6.5% | 4.9% | 5.0% | 6.1% | 11.4% | 5.4% | 5.7% | 5.6% | 7.1% | 3.7% | 5.3% |
| Buyback Yield | 10.8% | 8.2% | 7.6% | 4.5% | 9.3% | 6.7% | 2.3% | 4.6% | 8.5% | 2.8% | 6.6% |
| Total Shareholder Yield | 10.8% | 8.2% | 7.6% | 4.5% | 9.3% | 6.7% | 2.3% | 4.6% | 8.5% | 2.8% | 6.6% |
| Shares Outstanding | — | $3M | $3M | $3M | $4M | $4M | $4M | $4M | $4M | $4M | $4M |
Peer Comparison
Compare NVR 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 |
|---|---|---|---|---|---|---|---|---|---|
 NVRYou | $17B | 14.0 | 9.0 | 15.4 | 23.0% | 16.2% | 33.2% | 43.8% | 0.7 |
 DHI | $43B | 12.9 | 10.2 | 13.2 | 23.7% | 12.9% | 14.2% | 12.1% | 1.3 |
 LEN | $20B | 11.3 | 7.6 | 693.2 | 17.7% | 8.0% | 8.2% | 7.9% | 2.2 |
 PHM | $23B | 10.8 | 7.5 | 13.2 | 26.4% | 17.3% | 17.7% | 17.2% | 0.8 |
 TOL | $13B | 10.5 | 8.4 | 13.1 | 26.0% | 15.7% | 16.9% | 13.4% | 1.6 |
 MHO | $3B | 8.9 | 7.2 | 28.1 | 23.0% | 11.5% | 13.2% | 11.3% | 2.1 |
 KBH | $3B | 8.1 | 8.2 | 10.8 | 18.9% | 8.4% | 10.8% | 7.4% | 3.1 |
 MTH | $4B | 10.1 | 9.7 | 46.8 | 19.7% | 9.2% | 8.8% | 6.6% | 3.4 |
 TMHC | $6B | 7.8 | 6.3 | 7.0 | 23.0% | 14.0% | 12.8% | 11.0% | 2.1 |
 SKY | $4B | 22.2 | 13.2 | 22.1 | 26.2% | 9.5% | 13.4% | 16.9% | 0.5 |
 CVCO | $5B | 24.2 | 21.1 | 30.2 | 23.1% | 9.4% | 16.3% | 19.4% | 0.2 |
| Consumer Cyclical Median | — | 19.6 | 11.4 | 15.0 | 36.9% | 2.9% | 5.6% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Full NVR Stock Analysis
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Start ComparisonNVR — Frequently Asked Questions
Quick answers to the most common questions about buying NVR stock.
What is NVR, Inc.'s P/E ratio?
NVR, Inc.'s current P/E ratio is 14.0x. The historical average is 15.2x. This places it at the 47th percentile of its historical range.
What is NVR, Inc.'s EV/EBITDA?
NVR, Inc.'s current EV/EBITDA is 9.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.8x.
What is NVR, Inc.'s ROE?
NVR, Inc.'s return on equity (ROE) is 33.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 41.9%.
Is NVR stock overvalued?
Based on historical data, NVR, Inc. is trading at a P/E of 14.0x. This is at the 47th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are NVR, Inc.'s profit margins?
NVR, Inc. has 23.0% gross margin and 16.2% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does NVR, Inc. have?
NVR, Inc.'s Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.