Hovnanian Enterprises, Inc. (HOV) Key Metrics
HOV valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $570.0M
- Enterprise value
- $1.51B
- P/E (TTM)
- 93.5 10-yr median 4.1
- Forward P/E
- 13.5
- PEG ratio
- 2.00
- Price / sales
- 0.2 10-yr median 0.1
- Price / book
- 1.0 10-yr median 0.9
- EV / EBITDA
- 18.0 10-yr median 9.9
- Dividend yield
- —
- Beta
- 1.82
HOV key metrics, FY2016–FY2025
Fiscal year ended October 31, 2025 · U.S. dollarsHOV valuation Price multiples at each fiscal year-end price.
HOV returns How much profit the business earns on the capital it uses.
HOV per-share figures Results divided by the shares outstanding at year-end.
HOV financial health Debt, liquidity and how easily interest is covered.
HOV efficiency & capital use Working capital cycle and where the cash goes.
HOV valuation history
HOV returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HOV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HOV cash returned to shareholders
HOV price vs earnings per share
HOV key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $775.4M | $1.23B | $463.2M | $271.3M | $538.8M | $209.1M | $149.7M | $222.8M | $357.4M | $230.0M |
| Enterprise value | $1.43B | $2.04B | $1.17B | $1.24B | $1.68B | $1.52B | $1.72B | $1.61B | $1.65B | $1.77B |
| P/E ratio | 12.1 | 5.1 | 2.2 | 1.2 | 0.9 | 4.1 | — | 49.3 | — | — |
| Price / sales | 0.3 | 0.4 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Price / book | 0.9 | 1.5 | 0.8 | 0.7 | 3.1 | — | — | — | — | — |
| Price / free cash flow | 4.7 | 213.4 | 2.4 | 3.5 | 2.6 | 0.7 | — | — | 1.2 | 0.6 |
| Price / operating cash flow | 4.1 | 52.2 | 2.2 | 3.0 | 2.6 | 0.7 | — | — | 1.2 | 0.6 |
| EV / sales | 0.5 | 0.7 | 0.4 | 0.4 | 0.6 | 0.6 | 0.9 | 0.8 | 0.7 | 0.6 |
| EV / EBITDA | 10.6 | 5.7 | 4.1 | 3.3 | 6.1 | 9.2 | 23.2 | 15.8 | 30.4 | 22.2 |
| EV / free cash flow | 8.6 | 353.1 | 6.0 | 16.1 | 8.2 | 5.3 | — | — | 5.6 | 4.7 |
| Earnings yield | 8.2% | 19.6% | 44.5% | 83.1% | 112.8% | 24.4% | −28.1% | 2.0% | −92.9% | −1.2% |
| Free cash flow yield | 21.4% | 0.5% | 42.3% | 28.3% | 37.9% | 138.4% | −169.1% | −32.3% | 82.6% | 164.8% |
| Dividend yield | 1.4% | 0.9% | 2.3% | 4.2% | 0.2% | 5.1% | 7.1% | 0.0% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 5.3% | 3.0% | 3.3% | 8.7% | 0.2% | 5.1% | 7.1% | 0.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $120.23 | $176.04 | $69.48 | $40.33 | $84.26 | $31.76 | $25.08 | $36.50 | $60.50 | $39.00 |
| Per share | ||||||||||
| Revenue per share | $461.87 | $428.85 | $413.44 | $434.34 | $435.16 | $356.00 | $337.96 | $326.20 | $414.97 | $466.64 |
| Earnings per share | $9.90 | $34.54 | $30.89 | $33.52 | $95.05 | $7.74 | −$7.06 | $0.74 | −$56.23 | −$0.48 |
| Operating cash flow per share | $29.20 | $3.37 | $32.21 | $13.30 | $32.87 | $44.48 | −$41.74 | −$10.95 | $51.04 | $65.61 |
| Free cash flow per share | $25.77 | $0.83 | $29.38 | $11.43 | $31.94 | $43.96 | −$42.41 | −$11.80 | $49.95 | $64.26 |
| Cash per share | $42.30 | $29.97 | $65.12 | $48.48 | $38.46 | $39.87 | $21.95 | $30.78 | $79.44 | $58.79 |
| Book value per share | $128.85 | $114.22 | $87.27 | $56.93 | $27.43 | −$66.24 | −$82.07 | −$74.29 | −$77.92 | −$21.79 |
| Tangible book value per share | $128.85 | $114.22 | $87.27 | $56.93 | $27.43 | −$66.24 | −$82.07 | −$74.29 | −$77.92 | −$21.79 |
| Dividends per share | $1.66 | $1.52 | $1.60 | $1.70 | $0.13 | $1.62 | $1.79 | $0.00 | $0.00 | $0.00 |
| Capex per share | $3.43 | $2.55 | $2.82 | $1.87 | $0.93 | $0.51 | $0.67 | $0.85 | $1.10 | $1.36 |
| Debt per share | $144.24 | $145.25 | $171.47 | $192.41 | $216.18 | $238.92 | $285.30 | $257.26 | $297.42 | $320.25 |
| Shares outstanding | 6.4M | 7.0M | 6.7M | 6.7M | 6.4M | 6.6M | 6.0M | 6.1M | 5.9M | 5.9M |
| Change in shares outstanding | −8.0% | +5.1% | −0.9% | +5.2% | −2.9% | +10.3% | −2.2% | +3.3% | +0.2% | +0.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.8% | 35.0% | 42.7% | 80.8% | — | — | — | — | — | — |
| Return on invested capital (ROIC) | 3.4% | 13.7% | 16.9% | 18.4% | 24.2% | 13.2% | 7.0% | 7.3% | 5.8% | 2.9% |
| Return on assets (ROA) | 2.4% | 9.5% | 8.1% | 9.2% | 29.3% | 2.7% | −2.4% | 0.3% | −15.5% | −0.1% |
| Return on tangible assets | 2.4% | 9.3% | 8.3% | 8.8% | 26.2% | 2.8% | −2.2% | 0.3% | −17.5% | −0.1% |
| Free cash flow margin | 5.6% | 0.2% | 7.1% | 2.6% | 7.3% | 12.3% | −12.6% | −3.6% | 12.0% | 13.8% |
| Income quality (OCF / net income) | 2.95 | 0.10 | 1.04 | 0.40 | 0.35 | 5.75 | — | −14.78 | — | — |
| Financial health | ||||||||||
| Total debt | $930.2M | $1.02B | $1.14B | $1.29B | $1.38B | $1.57B | $1.70B | $1.57B | $1.76B | $1.89B |
| Cash & short-term investments | $272.8M | $210.0M | $434.1M | $326.2M | $246.0M | $262.5M | $131.0M | $187.9M | $469.3M | $346.8M |
| Net debt | $657.4M | $807.8M | $708.9M | $968.3M | $1.14B | $1.31B | $1.57B | $1.38B | $1.29B | $1.54B |
| Debt / equity | 1.12 | 1.27 | 1.96 | 3.38 | 7.88 | — | — | — | — | — |
| Debt / assets | 0.35 | 0.39 | 0.46 | 0.51 | 0.60 | 0.86 | 0.90 | 0.94 | 0.92 | 0.79 |
| Net debt / EBITDA | 4.86 | 2.27 | 2.50 | 2.60 | 4.17 | 7.97 | 21.14 | 13.61 | 23.80 | 19.28 |
| Current ratio | 3.92 | 0.93 | 3.67 | 3.57 | 3.06 | 3.50 | 4.28 | 4.00 | 3.73 | 3.49 |
| Quick ratio | 0.63 | −2.40 | 0.95 | 0.80 | 0.68 | 0.83 | 0.68 | 0.81 | 1.34 | 1.48 |
| Interest coverage | 2.0 | 8.4 | 5.1 | 7.3 | 3.4 | 1.4 | 1.0 | 1.1 | 0.8 | 1.0 |
| Working capital | $1.45B | −$36.7M | $1.32B | $1.41B | $1.09B | $1.12B | $1.18B | $1.01B | $1.15B | $1.59B |
| Invested capital | $1.49B | $1.61B | $1.29B | $1.35B | $1.31B | $874.5M | $1.08B | $929.0M | $827.5M | $1.41B |
| Tangible asset value | $830.9M | $800.3M | $581.8M | $383.1M | $175.4M | −$436.1M | −$489.8M | −$453.5M | −$460.4M | −$128.5M |
| Net current asset value | $146.3M | −$1.35B | −$91.4M | −$218.5M | −$532.7M | −$698.0M | −$836.2M | −$762.4M | −$784.9M | −$285.5M |
| Graham number | $169.44 | $297.93 | $246.27 | $207.20 | $242.18 | — | — | — | — | — |
| Graham net-net per share | −$107.25 | −$107.15 | −$117.23 | −$158.27 | −$194.23 | −$209.26 | −$261.44 | −$223.15 | −$227.39 | −$251.33 |
| Capital allocation | ||||||||||
| Dividends paid | $10.7M | $10.7M | $10.7M | $11.5M | $818,000 | $10.7M | $10.7M | $0 | $0 | $0 |
| Share buybacks (net) | $30.2M | $26.5M | $4.8M | $12.2M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividend payout ratio | 16.7% | 4.4% | 5.2% | 5.1% | 0.1% | 21.0% | — | 0.0% | — | — |
| Dividends + buybacks / free cash flow | 24.6% | 643.5% | 7.9% | 30.8% | 0.4% | 3.7% | — | — | 0.0% | 0.0% |
| Capex / revenue | 0.7% | 0.6% | 0.7% | 0.4% | 0.2% | 0.1% | 0.2% | 0.3% | 0.3% | 0.3% |
| Capex / operating cash flow | 11.7% | 75.5% | 8.8% | 14.1% | 2.8% | 1.2% | — | — | 2.1% | 2.1% |
| Capex / depreciation | 1.59 | 2.31 | 2.14 | 2.31 | 1.13 | 0.64 | 0.96 | 1.65 | 1.52 | 2.25 |
| Stock-based compensation / revenue | 0.6% | 0.8% | 0.5% | 0.4% | 0.3% | 0.1% | 0.0% | 0.2% | 0.0% | 0.1% |
| SG&A / revenue | 11.7% | 11.4% | 11.1% | 10.1% | 9.9% | 10.3% | 11.6% | 11.5% | 10.4% | 9.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 3.4 | 3.5 | 4.4 | 4.9 | 4.8 | 6.1 | 7.2 | 8.6 | 8.0 | 8.0 |
| Days of inventory on hand | 234.2 | 227.4 | 240.6 | 222.1 | 199.4 | 230.3 | 251.8 | 228.7 | 199.2 | 223.2 |
| Days payables outstanding | 62.2 | 64.5 | 71.7 | 69.4 | 64.0 | 62.9 | 66.4 | 47.5 | 25.2 | 23.3 |
| Cash conversion cycle (days) | 175.4 | 166.4 | 173.2 | 157.6 | 140.3 | 173.5 | 192.6 | 189.8 | 182.1 | 207.9 |
| Receivables turnover | 106.66 | 104.73 | 83.75 | 75.15 | 75.60 | 59.64 | 50.36 | 42.67 | 45.45 | 45.84 |
| Payables turnover | 5.87 | 5.66 | 5.09 | 5.26 | 5.71 | 5.80 | 5.50 | 7.68 | 14.50 | 15.66 |
| Inventory turnover | 1.56 | 1.61 | 1.52 | 1.64 | 1.83 | 1.58 | 1.45 | 1.60 | 1.83 | 1.63 |
| Asset turnover | 1.14 | 1.18 | 1.09 | 1.20 | 1.34 | 1.26 | 1.14 | 1.12 | 1.15 | 1.10 |
| Average receivables | $27.9M | $28.7M | $32.9M | $38.9M | $36.8M | $39.3M | $40.1M | $46.7M | $53.9M | $60.0M |
| Average payables | $436.0M | $424.4M | $427.7M | $433.2M | $392.8M | $339.7M | $312.5M | $216.9M | $144.9M | $152.8M |
| Average inventory | $1.64B | $1.50B | $1.43B | $1.39B | $1.23B | $1.24B | $1.19B | $1.04B | $1.15B | $1.46B |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from HOV's annual financial statements (latest annual report filed December 22, 2025) 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.
HOV valuation and financial ratios
At the end of fiscal 2025 (October 31, 2025), Hovnanian Enterprises traded at 12.1 times earnings, against a 10-year median of 4.1. Based on the latest twelve months, the trailing P/E is 93.5 and the forward P/E is 13.5. Hovnanian Enterprises earned a return on equity of 7.8% and a return on invested capital of 3.4% in fiscal 2025. It ended the year with $930.2 million of debt and $272.8 million in cash and short-term investments, net debt of $657.4 million. It returned $40.9 million to shareholders: $10.7 million in dividends and $30.2 million in share buybacks, 25% of free cash flow. The share count rose 9.3% from 5.9M to 6.4M over 9 years.
See the HOV income statement, the HOV chart for price history, or the HOV stock overview for the latest quote and news.
HOV key metrics FAQ
What is Hovnanian Enterprises's P/E ratio?
Hovnanian Enterprises's trailing P/E ratio is 93.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.5. At the end of fiscal 2025 it was 12.1, compared with a 10-year median of 4.1.
What is Hovnanian Enterprises's EV/EBITDA?
Hovnanian Enterprises's enterprise value was 10.6 times EBITDA at the end of fiscal 2025 (enterprise value $1.4 billion, EBITDA $135.4 million); the current EV/EBITDA is 18.0.
What is Hovnanian Enterprises's return on equity?
Hovnanian Enterprises's return on equity (ROE) was 7.8% in fiscal 2025: net income of $63.9 million on average shareholders' equity of $815.6 million.
What is Hovnanian Enterprises's ROIC?
Hovnanian Enterprises's return on invested capital was 3.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Hovnanian Enterprises have?
Hovnanian Enterprises had total debt of $930.2 million at the end of fiscal 2025, a debt-to-equity ratio of 1.12 and $657.4 million of net debt (4.86 times EBITDA).
What is Hovnanian Enterprises's dividend yield?
Hovnanian Enterprises paid $10.7 million in dividends in fiscal 2025 ($1.66 per share), a payout ratio of 16.7%.
Does Hovnanian Enterprises buy back its shares?
Yes. Hovnanian Enterprises spent $30.2 million on net share repurchases in fiscal 2025 Shares outstanding changed −8.0% over the year, to 6.4M..
What is Hovnanian Enterprises's free cash flow yield?
Hovnanian Enterprises generated $166.2 million of free cash flow in fiscal 2025, a free cash flow yield of 21.4% on its market value at year-end ($775.4 million).
What is Hovnanian Enterprises's current ratio?
Hovnanian Enterprises's current ratio was 3.92 at the end of fiscal 2025: current assets were 3.92 times current liabilities.