As of Jul 26, 2024, the Hovnanian Enterprises stock's PE ratio is 6.76. This takes into account the latest EPS of $31.94 and stock price of $216.02. The PE ratio has increased by 56% from its last 4 quarters average of 4.3.
The PE ratio of Hovnanian Enterprises has averaged 8.13 over the last ten years. The current price-to-earnings ratio of 6.76 is 17% less than the historical average. Analyzing the last ten years, HOV's PE ratio reached its highest point in the Oct 2018 quarter at 50, when the price was $36.5 and the EPS was $0.73. The lowest point was recorded in the Oct 2021 quarter, when it reached 0.96 with a price of $84.26 and an EPS of $87.5.
Maximum annual increase: 81.95% in 2023
Maximum annual decrease: -92.04% in 2014
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 2.42 | 81.95% |
| 2022 | 1.33 | 38.54% |
| 2021 | 0.96 | -77.41% |
| 2020 | 4.25 | N/A |
| 2019 | N/A | N/A |
| 2018 | 50 | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | 1.83 | -92.04% |
HOV's current PE ratio is higher than the 3 and 5-year averages, but it is under its 10-year average.
HOV's PE ratio is below its peer stocks DHI and LEN. Hovnanian Enterprises is currently trading at a lower PE ratio (6.76) than its peers average of 12.62.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HOV Hovnanian Enterprises Inc | 6.76 | $1.29B |
| CHCI Comstock Holding Companies Inc | 7.61 | $62.09M |
| TOL Toll Brothers Inc | 9.45 | $14.31B |
| PHM Pultegroup Inc | 9.84 | $26.98B |
| KBH Kb Home | 10.75 | $6.3B |
| DHI Horton D R Inc | 11.82 | $57.69B |
| LEN Lennar Corp | 12.04 | $48.53B |
| NVR Nvr Inc | 16.9 | $26.94B |
| CVCO Cavco Industries Inc | 22.52 | $3.46B |
The price to earnings ratio for HOV stock as of Jul 26, 2024, stands at 6.76.
As an average over the last 3 years, HOV stock has a PE ratio of 2.51.
As an average over the last 5 years, HOV stock has a PE ratio of 3.96.
Over the last ten years, the Oct 2018 quarter recorded the highest quarterly PE ratio at 50.
HOV's price to earnings ratio is currently 17% below its 10-year historical average.
HOV's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 6.76 is considered low.
The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Jul 26, 2024), Hovnanian Enterprises's share price is $216.02. The company's earnings per share for the trailing twelve months (TTM) ending Apr 2024 is $31.94. Therefore, Hovnanian Enterprises's price to earnings ratio for today is 6.76. PE RATIO(6.76) = STOCK PRICE($216.02) / TTM EPS($31.94)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.