Consumer Discretionary · Homebuilding · US stock · price as of 22 Oct 2026
Key indicators
Price
$6,110.63
52-week range
$5,501.01 – $8,200.00
Market cap
$17.2B
P/E (trailing)
15.9×
EV / EBITDA
–
Free-cash-flow yield
6.1%
Dividend yield
–
Revenue (last 12 months)
$9.5B
Revenue growth (3y a year)
−0.6%
Operating margin
–
Return on invested capital
–
Net debt / EBITDA
–
Fair value
Fair value (average of valid models)$6,209.37 middle half of models $6,127 – $6,251
Versus priceFair+2% to fair value
P/E multiple
$6,117.03
P/B multiple
$6,383.52
P/S multiple
$6,206.68
EV/revenue multiple
$6,130.26
Model uncertainty
Medium
X-Ray Score
25/ 100 · Low confidence · ahead of 0% of sector peers
Valuation46
Growth16
Profitability10
Financial health–
Dividends–
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
NVR is a homebuilder that builds and markets houses and townhomes under the Ryan Homes, NVHomes and Heartland Homes names, and it also runs a mortgage banking business. Its homes are built in the mid-Atlantic, North East, Midwest and Southeast regions of the United States. The company relies on controlling land through purchase options rather than owning large amounts of land outright. Its customers are first-time and move-up households.
NVR earns its revenue mostly from the homes it builds and delivers, with a smaller contribution from mortgage banking. Revenue was $9.5 billion over the last twelve months, and it has changed at -0.6% a year across the last three years, which is almost flat. No dividend is paid. Margin, return and net debt measures are not available on the site for this company.
StocksXray gives Nvr Inc an X-Ray Score of 25 out of 100 (low confidence), ahead of 0% of the S&P 500 stocks in its sector. Its strongest lens is valuation (46) and its weakest is profitability (10).
Our fair value (the average of the valid models) is $6,209.37 (range $6,126.96 to $6,250.89). At $6,110.63 the stock trades 2% below that value, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Nvr Inc (NVR)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$5,908.87
$4,612.58
$7,000.45
$8,178.90
$7,292.77
$6,110.63
Market cap
$22.8B
$16.2B
$24.0B
$27.1B
$22.4B
$17.2B
P/E
18.4×
9.4×
15.1×
16.1×
16.7×
15.9×
EV / revenue
2.3×
1.3×
2.2×
2.3×
2.0×
1.7×
EV / EBITDA
–
–
–
–
–
–
Price / free cash flow
18.6×
8.7×
16.3×
20.2×
20.4×
16.4×
Free-cash-flow yield
5.4%
11.4%
6.1%
5.0%
4.9%
6.1%
Price / book
7.6×
4.6×
5.5×
6.4×
5.8×
5.1×
Dividend yield
–
–
–
–
–
–
Fundamentals checklist ● 0 Good · ● 3 Average · ● 4 Bad · each check graded against the sector
Cash quality
Earnings backed by cash1.4%Bad
Free-cash-flow yield6.1%Average
Growth
EPS growth (3y)−3.9%Average
Free-cash-flow growth (3y)−16.0%Bad
Revenue growth (3y)−0.6%Bad
Growth consistency50%Bad
Valuation
Fair value vs price1.0×Average
XStocksXray
Nvr Inc (NVR)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
8,951
10,526
9,518
10,524
10,324
9,530
Gross profit
–
–
–
–
–
–
Operating income
–
–
–
–
–
–
Net income
1,237
1,726
1,592
1,682
1,340
1,141
Diluted EPS ($)
320.48
491.82
463.31
506.69
436.55
384.81
Free cash flow
1,225
1,852
1,473
1,345
1,097
1,046
Gross margin
–
–
–
–
–
–
Operating margin
–
–
–
–
–
–
Net margin
13.8%
16.4%
16.7%
16.0%
13.0%
12.0%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
5,834
5,661
6,602
6,381
5,857
5,471
Cash
2,637
2,575
3,215
2,665
1,957
1,197
Total debt
–
–
–
–
–
–
Equity
3,002
3,507
4,365
4,210
3,865
3,391
Dividend per share ($)
–
–
–
–
–
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
