Cavco Industries, Inc. (CVCO) Key Metrics
CVCO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.01B
- Enterprise value
- $3.94B
- P/E (TTM)
- 22.7 10-yr median 21.0
- Forward P/E
- 29.5
- PEG ratio
- 45.77
- Price / sales
- 1.7 10-yr median 1.5
- Price / book
- 3.8 10-yr median 2.8
- EV / EBITDA
- 15.1 10-yr median 13.8
- Dividend yield
- —
- Beta
- 1.27
CVCO key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsCVCO valuation Price multiples at each fiscal year-end price.
CVCO returns How much profit the business earns on the capital it uses.
CVCO per-share figures Results divided by the shares outstanding at year-end.
CVCO financial health Debt, liquidity and how easily interest is covered.
CVCO efficiency & capital use Working capital cycle and where the cash goes.
CVCO valuation history
CVCO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CVCO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CVCO cash returned to shareholders
CVCO price vs earnings per share
CVCO key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.85B | $4.29B | $3.43B | $2.84B | $2.23B | $2.10B | $1.34B | $1.09B | $1.60B | $1.06B |
| Enterprise value | $3.61B | $3.96B | $3.09B | $2.59B | $1.99B | $1.86B | $1.12B | $923.5M | $1.46B | $974.1M |
| P/E ratio | 20.2 | 25.1 | 21.7 | 11.8 | 11.3 | 27.4 | 17.9 | 15.9 | 26.0 | 27.9 |
| Price / sales | 1.7 | 2.1 | 1.9 | 1.3 | 1.4 | 1.9 | 1.3 | 1.1 | 1.8 | 1.4 |
| Price / book | 3.5 | 4.0 | 3.3 | 2.9 | 2.7 | 2.5 | 2.2 | 2.1 | 3.5 | 2.7 |
| Price / free cash flow | 16.6 | 27.3 | 16.5 | 13.4 | 17.8 | 16.7 | 15.4 | 43.2 | 31.7 | 26.8 |
| Price / operating cash flow | 14.4 | 24.0 | 15.3 | 11.1 | 15.5 | 14.5 | 13.2 | 33.2 | 27.2 | 23.7 |
| EV / sales | 1.6 | 2.0 | 1.7 | 1.2 | 1.2 | 1.7 | 1.1 | 1.0 | 1.7 | 1.3 |
| EV / EBITDA | 13.4 | 17.2 | 14.1 | 8.0 | 8.9 | 17.9 | 11.1 | 9.7 | 16.8 | 15.4 |
| EV / free cash flow | 15.5 | 25.2 | 14.9 | 12.2 | 15.9 | 14.8 | 12.8 | 36.6 | 29.0 | 24.7 |
| Earnings yield | 5.0% | 4.0% | 4.6% | 8.5% | 8.9% | 3.7% | 5.6% | 6.3% | 3.8% | 3.6% |
| Free cash flow yield | 6.0% | 3.7% | 6.0% | 7.5% | 5.6% | 6.0% | 6.5% | 2.3% | 3.2% | 3.7% |
| Dividend yield | — | — | — | 0.1% | 0.2% | 0.1% | — | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 4.2% | 3.5% | 3.2% | 3.8% | 2.9% | 3.0% | 0.1% | 0.0% | 0.1% | 0.1% |
| Share price at fiscal year-end | $484.29 | $519.63 | $399.06 | $317.74 | $240.85 | $225.61 | $144.94 | $117.53 | $173.75 | $116.40 |
| Per share | ||||||||||
| Revenue per share | $282.47 | $244.00 | $208.89 | $240.09 | $175.64 | $119.23 | $114.55 | $103.87 | $94.68 | $84.98 |
| Earnings per share | $23.98 | $20.71 | $18.37 | $26.95 | $21.34 | $8.25 | $8.10 | $7.40 | $6.68 | $4.17 |
| Operating cash flow per share | $33.66 | $21.61 | $26.15 | $28.65 | $15.57 | $15.52 | $10.98 | $3.54 | $6.39 | $4.92 |
| Free cash flow per share | $29.21 | $19.02 | $24.12 | $23.71 | $13.55 | $13.51 | $9.43 | $2.72 | $5.48 | $4.34 |
| Cash per share | $34.39 | $45.53 | $43.18 | $32.09 | $28.52 | $28.43 | $27.66 | $21.58 | $21.59 | $15.80 |
| Book value per share | $138.83 | $128.88 | $120.28 | $109.39 | $89.64 | $89.36 | $65.55 | $57.14 | $49.68 | $43.31 |
| Tangible book value per share | $109.02 | $112.09 | $102.80 | $93.22 | $75.67 | $75.43 | $55.82 | $48.21 | $40.65 | $34.53 |
| Dividends per share | — | — | — | $0.42 | $0.45 | $0.30 | — | — | $0.00 | $0.00 |
| Capex per share | $4.46 | $2.59 | $2.03 | $4.94 | $2.01 | $2.01 | $1.55 | $0.82 | $0.91 | $0.58 |
| Debt per share | $3.87 | $5.47 | $4.09 | $4.10 | $2.67 | $2.67 | $3.22 | $3.68 | $6.50 | $6.37 |
| Shares outstanding | 7.9M | 8.3M | 8.6M | 8.9M | 9.3M | 9.3M | 9.3M | 9.3M | 9.2M | 9.1M |
| Change in shares outstanding | −3.8% | −3.9% | −3.7% | −3.7% | −0.3% | +0.3% | +0.0% | +0.7% | +1.1% | +0.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 17.6% | 16.3% | 15.7% | 26.6% | 23.8% | 10.7% | 13.2% | 13.9% | 14.4% | 10.2% |
| Return on invested capital (ROIC) | 22.3% | 21.5% | 19.9% | 35.4% | 32.0% | 14.5% | 18.4% | 19.5% | 18.4% | 12.7% |
| Return on assets (ROA) | 13.2% | 12.4% | 11.9% | 19.5% | 17.1% | 7.8% | 9.8% | 9.8% | 9.6% | 6.5% |
| Return on tangible assets | 15.2% | 13.5% | 13.1% | 20.7% | 19.3% | 7.5% | 10.4% | 10.7% | 10.4% | 7.2% |
| Free cash flow margin | 10.3% | 7.8% | 11.5% | 9.9% | 7.7% | 11.3% | 8.2% | 2.6% | 5.8% | 5.1% |
| Income quality (OCF / net income) | 1.40 | 1.04 | 1.42 | 1.06 | 0.73 | 1.88 | 1.36 | 0.48 | 0.96 | 1.18 |
| Financial health | ||||||||||
| Total debt | $30.7M | $45.1M | $35.1M | $36.6M | $24.8M | $24.8M | $29.9M | $34.1M | $59.8M | $58.0M |
| Cash & short-term investments | $273.3M | $376.1M | $371.0M | $286.4M | $264.2M | $264.2M | $256.4M | $200.0M | $198.6M | $143.8M |
| Net debt | −$242.5M | −$330.9M | −$335.8M | −$249.8M | −$239.5M | −$239.5M | −$226.5M | −$165.8M | −$138.8M | −$85.8M |
| Debt / equity | 0.03 | 0.04 | 0.03 | 0.04 | 0.03 | 0.03 | 0.05 | 0.06 | 0.13 | 0.15 |
| Debt / assets | 0.02 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.04 | 0.05 | 0.09 | 0.10 |
| Net debt / EBITDA | −0.90 | −1.43 | −1.53 | −0.77 | −1.07 | −2.30 | −2.26 | −1.75 | −1.60 | −1.35 |
| Current ratio | 2.46 | 3.00 | 3.12 | 2.74 | 2.53 | 2.53 | 3.00 | 2.66 | 2.37 | 2.54 |
| Quick ratio | 1.58 | 2.17 | 2.23 | 1.85 | 1.70 | 1.70 | 2.34 | 1.99 | 1.75 | 1.88 |
| Interest coverage | 422.5 | 368.0 | 108.5 | 325.9 | 288.5 | 120.4 | 56.8 | 24.4 | 16.8 | 12.8 |
| Working capital | $489.3M | $607.0M | $578.5M | $511.2M | $449.9M | $449.9M | $344.1M | $288.0M | $242.3M | $216.5M |
| Invested capital | $860.7M | $733.7M | $697.6M | $726.4M | $591.0M | $591.0M | $381.0M | $363.7M | $318.3M | $308.6M |
| Tangible asset value | $866.3M | $925.9M | $883.3M | $833.2M | $701.8M | $701.8M | $517.4M | $446.9M | $374.1M | $314.4M |
| Net current asset value | $436.8M | $568.1M | $531.0M | $474.1M | $420.4M | $420.4M | $313.3M | $266.4M | $200.9M | $143.9M |
| Graham number | $273.70 | $245.04 | $222.95 | $257.58 | $207.47 | $128.78 | $109.29 | $97.56 | $86.43 | $63.74 |
| Graham net-net per share | $21.55 | $36.49 | $32.21 | $17.31 | $18.84 | $18.78 | $19.23 | $13.70 | $9.70 | $3.36 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $3.7M | $4.2M | $2.8M | — | — | $0 | $0 |
| Share buybacks (net) | $159.9M | $148.7M | $109.3M | $103.4M | $59.6M | $59.6M | $1.1M | $114,000 | $915,000 | $1.4M |
| Dividend payout ratio | — | — | — | 1.5% | 2.1% | 3.7% | — | — | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 68.9% | 94.7% | 52.7% | 50.6% | 50.8% | 49.7% | 1.2% | 0.5% | 1.8% | 3.5% |
| Capex / revenue | 1.6% | 1.1% | 1.0% | 2.1% | 1.1% | 1.7% | 1.4% | 0.8% | 1.0% | 0.7% |
| Capex / operating cash flow | 13.2% | 12.0% | 7.8% | 17.2% | 12.9% | 12.9% | 14.1% | 23.3% | 14.3% | 11.8% |
| Capex / depreciation | 1.54 | 1.11 | 0.94 | 2.61 | 1.69 | 2.95 | 2.48 | 1.63 | 2.08 | 1.44 |
| Stock-based compensation / revenue | 0.6% | 0.4% | 0.4% | 0.3% | 0.3% | 0.5% | 0.4% | 0.3% | 0.3% | 0.3% |
| SG&A / revenue | 13.3% | 13.7% | 13.8% | 12.1% | 12.7% | 13.6% | 13.4% | 12.6% | 12.3% | 13.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 30.3 | 29.8 | 23.4 | 20.3 | 33.5 | 39.5 | 30.4 | 29.9 | 29.7 | 29.4 |
| Days of inventory on hand | 58.3 | 58.2 | 67.3 | 58.3 | 73.1 | 75.1 | 50.4 | 54.3 | 53.7 | 55.9 |
| Days payables outstanding | 8.6 | 8.3 | 8.6 | 8.5 | 12.9 | 15.3 | 13.0 | 12.8 | 12.6 | 12.6 |
| Cash conversion cycle (days) | 79.9 | 79.7 | 82.2 | 70.1 | 93.7 | 99.3 | 67.8 | 71.4 | 70.7 | 72.8 |
| Receivables turnover | 12.06 | 12.24 | 15.57 | 17.95 | 10.90 | 9.24 | 12.03 | 12.22 | 12.28 | 12.40 |
| Payables turnover | 42.22 | 43.83 | 42.57 | 43.02 | 28.28 | 23.81 | 28.07 | 28.52 | 28.90 | 28.96 |
| Inventory turnover | 6.26 | 6.27 | 5.42 | 6.26 | 4.99 | 4.86 | 7.24 | 6.72 | 6.80 | 6.53 |
| Asset turnover | 1.55 | 1.46 | 1.35 | 1.74 | 1.41 | 1.13 | 1.38 | 1.38 | 1.36 | 1.33 |
| Average receivables | $186.1M | $164.6M | $115.2M | $119.3M | $149.3M | $120.0M | $88.3M | $78.8M | $70.9M | $62.4M |
| Average payables | $40.7M | $35.4M | $32.1M | $36.9M | $43.1M | $36.5M | $29.6M | $26.5M | $23.9M | $21.3M |
| Average inventory | $274.2M | $247.0M | $252.2M | $253.6M | $244.0M | $178.8M | $114.9M | $112.7M | $101.5M | $94.3M |
| Intangibles / total assets | 15.9% | 9.9% | 11.1% | 11.0% | 11.2% | 11.2% | 11.1% | 11.4% | 12.3% | 13.2% |
Computed from CVCO's annual financial statements (latest annual report filed May 22, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CVCO valuation and financial ratios
At the end of fiscal 2026 (March 31, 2026), Cavco Industries traded at 20.2 times earnings, against a 10-year median of 21.0. Based on the latest twelve months, the trailing P/E is 22.7 and the forward P/E is 29.5. Cavco Industries earned a return on equity of 17.6% and a return on invested capital of 22.3% in fiscal 2026. It ended the year with $30.7 million of debt and $273.3 million in cash and short-term investments, a net cash position of $242.5 million. It returned $159.9 million to shareholders: $0 in dividends and $159.9 million in share buybacks, 69% of free cash flow. The share count fell 12.7% from 9.1M to 7.9M over 9 years.
See the CVCO income statement, the CVCO chart for price history, or the CVCO stock overview for the latest quote and news.
CVCO key metrics FAQ
What is Cavco Industries's P/E ratio?
Cavco Industries's trailing P/E ratio is 22.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 29.5. At the end of fiscal 2026 it was 20.2, compared with a 10-year median of 21.0.
What is Cavco Industries's EV/EBITDA?
Cavco Industries's enterprise value was 13.4 times EBITDA at the end of fiscal 2026 (enterprise value $3.6 billion, EBITDA $268.3 million); the current EV/EBITDA is 15.1.
What is Cavco Industries's return on equity?
Cavco Industries's return on equity (ROE) was 17.6% in fiscal 2026: net income of $190.6 million on average shareholders' equity of $1.1 billion.
What is Cavco Industries's ROIC?
Cavco Industries's return on invested capital was 22.3% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Cavco Industries have?
Cavco Industries had total debt of $30.7 million at the end of fiscal 2026, a debt-to-equity ratio of 0.03 and more cash than debt.
Does Cavco Industries buy back its shares?
Yes. Cavco Industries spent $159.9 million on net share repurchases in fiscal 2026 Shares outstanding changed −3.8% over the year, to 7.9M..
What is Cavco Industries's free cash flow yield?
Cavco Industries generated $232.1 million of free cash flow in fiscal 2026, a free cash flow yield of 6.0% on its market value at year-end ($3.8 billion).
What is Cavco Industries's current ratio?
Cavco Industries's current ratio was 2.46 at the end of fiscal 2026: current assets were 2.46 times current liabilities.