Lennar (LEN)
NYSEConsumer DiscretionaryResidential ConstructionSnapshot 2026-10-29
$85.46+2.41%
Close 2026-10-29 · 1-day change
NYSEConsumer DiscretionaryResidential ConstructionSnapshot 2026-10-29
Research Workspace
Put LEN beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Consumer Discretionary is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Improve gross margin to approximately 16% in 2026: Gross margin: 16.56%.
View ThesisRevenue is contracting — down about 8% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 45% in its worst 12-month stretch.
View RiskLennar’s case rests on delivering homes while repairing margins, despite fragile cash backing and declining revenue. Q3 FY2026 revenue fell 6.0% year over year, and earnings missed consensus by 5.4%. LEN trades at 14× P/E versus the 15× peer median; expectations look modest versus our view. The latest miss and pressure on its 2026 gross-margin objective threaten that case. Our model puts the next-quarter miss probability near 19%. Fitch’s negative outlook cites margin compression and demand risks. Peer multiples imply a price about 6% below where it trades; the thesis is on watch. This read is provisional.
Trailing returns as of 2026-10-29. LEN is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 21 analysts currently covering LEN (as of Oct 2026).
Based on 7 Wall Street analysts offering 12-month price targets for LEN in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| LEN Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 10 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Homebuilding — fair value, gap to price, and forward P/E.
Compare the value case
Put LEN next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Improve gross margin to approximately 16% in 2026
Negative outlook impacts gross margin improvement objective.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-29. EPS is implied from price ÷ P/E. Not investment advice.
Current $85.46
The last 12 months of price, then the range of analyst 12-month targets from today’s $85.46.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Threatens: Improve gross margin to approximately 16% in 2026
Margin concerns could hinder gross margin improvement objective.
Advances: Deliver approximately 80,000 to 83,000 homes in FY 2026
Buffett's investment signals confidence in housing demand.
Berkshire's stake indicates confidence in Lennar's future.
Threatens: Deliver approximately 80,000 to 83,000 homes in FY 2026
Delivery forecast cut impacts growth objective for FY 2026.
Threatens: Deliver approximately 80,000 to 83,000 homes in FY 2026
Price cuts may hinder home delivery targets.
Threatens: Deliver approximately 82,000 to 83,000 homes in FY 2026
Higher mortgage rates may hinder home sales growth.
Threatens: Improve gross margin to approximately 16% in 2026
Earnings miss indicates potential margin pressure.
