KB Home (KBH) Key Metrics
KBH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.63B
- Enterprise value
- $4.82B
- P/E (TTM)
- 12.2 10-yr median 10.8
- Forward P/E
- 11.6
- PEG ratio
- 5.97
- Price / sales
- 0.5 10-yr median 0.7
- Price / book
- 0.8 10-yr median 1.2
- EV / EBITDA
- 18.7 10-yr median 10.4
- Dividend yield
- 2.31% $1.00 a year
- Beta
- 1.34
KBH key metrics, FY2016–FY2025
Fiscal year ended November 30, 2025 · U.S. dollarsKBH valuation Price multiples at each fiscal year-end price.
KBH returns How much profit the business earns on the capital it uses.
KBH per-share figures Results divided by the shares outstanding at year-end.
KBH financial health Debt, liquidity and how easily interest is covered.
KBH efficiency & capital use Working capital cycle and where the cash goes.
KBH valuation history
KBH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KBH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KBH cash returned to shareholders
KBH price vs earnings per share
KBH key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.46B | $6.37B | $4.34B | $2.80B | $3.74B | $3.31B | $3.24B | $2.13B | $3.08B | $1.53B |
| Enterprise value | $5.96B | $7.48B | $5.33B | $4.85B | $5.50B | $4.39B | $4.55B | $3.85B | $4.87B | $3.80B |
| P/E ratio | 10.4 | 9.7 | 7.4 | 3.4 | 6.6 | 11.2 | 12.1 | 12.5 | 17.1 | 14.4 |
| Price / sales | 0.7 | 0.9 | 0.7 | 0.4 | 0.7 | 0.8 | 0.7 | 0.5 | 0.7 | 0.4 |
| Price / book | 1.1 | 1.6 | 1.1 | 0.8 | 1.2 | 1.2 | 1.4 | 1.0 | 1.6 | 0.9 |
| Price / free cash flow | 15.5 | 19.7 | 4.1 | 20.3 | — | 11.8 | 15.4 | 10.0 | 6.1 | 8.3 |
| Price / operating cash flow | 13.3 | 17.6 | 4.0 | 15.3 | — | 10.7 | 12.9 | 9.6 | 6.0 | 8.1 |
| EV / sales | 1.0 | 1.1 | 0.8 | 0.7 | 1.0 | 1.0 | 1.0 | 0.8 | 1.1 | 1.1 |
| EV / EBITDA | 10.1 | 8.4 | 7.4 | 4.4 | 7.8 | 12.3 | 12.3 | 10.8 | 16.6 | 23.9 |
| EV / free cash flow | 20.7 | 23.1 | 5.1 | 35.1 | — | 15.6 | 21.6 | 18.0 | 9.6 | 20.6 |
| Earnings yield | 9.6% | 10.3% | 13.6% | 29.1% | 15.1% | 8.9% | 8.3% | 8.0% | 5.9% | 6.9% |
| Free cash flow yield | 6.4% | 5.1% | 24.1% | 4.9% | −2.0% | 8.5% | 6.5% | 10.0% | 16.4% | 12.1% |
| Dividend yield | 1.5% | 1.1% | 1.3% | 1.9% | 1.4% | 1.1% | 0.6% | 0.4% | 0.3% | 0.6% |
| Shareholder yield (dividends + buybacks) | 13.7% | 6.7% | 10.8% | 7.2% | 6.5% | 1.6% | 0.6% | 2.1% | 0.5% | 6.4% |
| Share price at fiscal year-end | $64.33 | $82.74 | $52.10 | $31.39 | $39.99 | $35.20 | $34.58 | $21.11 | $31.36 | $15.84 |
| Per share | ||||||||||
| Revenue per share | $90.05 | $90.05 | $76.88 | $77.27 | $61.17 | $44.46 | $48.52 | $44.99 | $44.43 | $37.34 |
| Earnings per share | $6.19 | $8.51 | $7.08 | $9.14 | $6.03 | $3.15 | $2.86 | $1.69 | $1.84 | $1.10 |
| Operating cash flow per share | $4.85 | $4.71 | $12.99 | $2.05 | −$0.40 | $3.30 | $2.68 | $2.19 | $5.22 | $1.96 |
| Free cash flow per share | $4.15 | $4.20 | $12.56 | $1.55 | −$0.82 | $3.00 | $2.24 | $2.12 | $5.14 | $1.91 |
| Cash per share | $3.33 | $7.79 | $8.72 | $3.70 | $3.11 | $7.24 | $4.84 | $5.68 | $7.33 | $6.15 |
| Book value per share | $56.33 | $52.77 | $45.70 | $40.97 | $32.26 | $28.33 | $25.40 | $20.66 | $19.59 | $17.90 |
| Tangible book value per share | $56.33 | $52.77 | $45.70 | $40.97 | $32.26 | $28.33 | $25.40 | $20.66 | $19.59 | $17.90 |
| Dividends per share | $0.99 | $0.93 | $0.68 | $0.59 | $0.58 | $0.40 | $0.22 | $0.09 | $0.09 | $0.09 |
| Capex per share | $0.70 | $0.51 | $0.43 | $0.51 | $0.42 | $0.31 | $0.43 | $0.07 | $0.08 | $0.05 |
| Debt per share | $25.02 | $22.25 | $20.59 | $26.56 | $21.90 | $18.71 | $18.72 | $22.69 | $25.52 | $29.74 |
| Shares outstanding | 69.3M | 77.0M | 83.4M | 89.3M | 93.6M | 94.1M | 93.8M | 101.1M | 98.3M | 96.3M |
| Change in shares outstanding | −10.0% | −7.7% | −6.7% | −4.5% | −0.5% | +0.3% | −7.1% | +2.8% | +2.1% | −6.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.8% | 16.6% | 15.8% | 24.5% | 19.9% | 11.7% | 12.0% | 8.5% | 9.9% | 6.2% |
| Return on invested capital (ROIC) | 7.7% | 12.1% | 13.7% | 15.3% | 12.6% | 6.9% | 6.8% | 4.6% | 4.6% | 2.7% |
| Return on assets (ROA) | 6.3% | 9.6% | 8.9% | 13.1% | 10.1% | 5.7% | 5.3% | 3.4% | 3.6% | 2.1% |
| Return on tangible assets | 6.4% | 9.4% | 8.9% | 12.3% | 9.7% | 5.5% | 5.4% | 3.4% | 3.6% | 2.1% |
| Free cash flow margin | 4.6% | 4.7% | 16.3% | 2.0% | −1.3% | 6.7% | 4.6% | 4.7% | 11.6% | 5.1% |
| Income quality (OCF / net income) | 0.78 | 0.55 | 1.83 | 0.22 | −0.07 | 1.05 | 0.93 | 1.30 | 2.84 | 1.79 |
| Financial health | ||||||||||
| Total debt | $1.73B | $1.71B | $1.72B | $2.37B | $2.05B | $1.76B | $1.76B | $2.29B | $2.51B | $2.86B |
| Cash & short-term investments | $230.4M | $599.2M | $727.3M | $330.2M | $290.8M | $681.2M | $453.8M | $574.4M | $720.6M | $592.1M |
| Net debt | $1.50B | $1.11B | $989.1M | $2.04B | $1.76B | $1.08B | $1.30B | $1.72B | $1.79B | $2.27B |
| Debt / equity | 0.44 | 0.42 | 0.45 | 0.65 | 0.68 | 0.66 | 0.74 | 1.10 | 1.30 | 1.66 |
| Debt / assets | 0.26 | 0.25 | 0.26 | 0.36 | 0.35 | 0.33 | 0.35 | 0.45 | 0.50 | 0.56 |
| Net debt / EBITDA | 2.54 | 1.25 | 1.38 | 1.85 | 2.49 | 3.03 | 3.53 | 4.81 | 6.10 | 14.30 |
| Current ratio | 4.57 | 6.97 | 6.87 | 5.79 | 4.78 | 5.16 | 5.00 | 4.81 | 5.36 | 5.52 |
| Quick ratio | 0.44 | 1.07 | 1.22 | 0.63 | 0.53 | 1.01 | 0.80 | 0.94 | 1.22 | 1.07 |
| Interest coverage | — | — | 6.7 | — | 5.5 | 2.5 | 2.3 | — | 455.6 | 25.8 |
| Working capital | $4.90B | $5.59B | $5.34B | $5.14B | $4.27B | $3.91B | $3.53B | $3.53B | $3.44B | $3.46B |
| Invested capital | $5.40B | $5.17B | $4.80B | $5.70B | $4.78B | $3.75B | $3.69B | $3.81B | $3.71B | $3.99B |
| Tangible asset value | $3.90B | $4.06B | $3.81B | $3.66B | $3.02B | $2.67B | $2.38B | $2.09B | $1.93B | $1.72B |
| Net current asset value | $3.45B | $3.65B | $3.41B | $3.22B | $2.58B | $2.16B | $1.78B | $1.46B | $1.11B | $818.5M |
| Graham number | $88.58 | $100.53 | $85.31 | $91.79 | $66.19 | $44.80 | $40.46 | $27.99 | $28.46 | $21.02 |
| Graham net-net per share | $7.40 | $10.07 | $8.79 | $3.98 | $1.11 | $1.53 | −$1.49 | −$3.96 | −$5.90 | −$9.77 |
| Capital allocation | ||||||||||
| Dividends paid | $68.6M | $71.6M | $56.8M | $52.5M | $54.1M | $38.1M | $20.4M | $8.9M | $8.6M | $8.6M |
| Share buybacks (net) | $541.3M | $353.7M | $411.4M | $150.0M | $188.2M | $16.1M | $0 | $35.0M | $6.7M | $88.4M |
| Dividend payout ratio | 16.0% | 10.9% | 9.6% | 6.4% | 9.6% | 12.8% | 7.6% | 5.2% | 4.8% | 8.1% |
| Dividends + buybacks / free cash flow | 212.3% | 131.5% | 44.7% | 146.5% | — | 19.2% | 9.7% | 20.5% | 3.0% | 52.7% |
| Capex / revenue | 0.8% | 0.6% | 0.6% | 0.7% | 0.7% | 0.7% | 0.9% | 0.2% | 0.2% | 0.1% |
| Capex / operating cash flow | 14.4% | 10.8% | 3.3% | 24.7% | — | 9.3% | 16.1% | 3.3% | 1.6% | 2.5% |
| Capex / depreciation | 1.30 | 1.05 | 0.97 | 1.40 | 1.38 | 1.02 | 1.49 | 2.91 | 2.90 | 1.32 |
| Stock-based compensation / revenue | 0.7% | 0.5% | 0.5% | 0.4% | 0.5% | 0.5% | 0.4% | 0.3% | 0.3% | 0.5% |
| SG&A / revenue | 10.4% | 9.9% | 12.1% | 9.3% | 10.2% | 11.3% | 10.9% | 9.8% | 9.8% | 10.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 21.6 | 19.8 | 19.8 | 16.7 | 18.4 | 22.8 | 21.7 | 21.6 | 19.9 | 19.5 |
| Days of inventory on hand | 403.5 | 356.5 | 49,337.1 | 361.8 | 354.9 | 410.4 | 358.2 | 333.4 | 333.3 | 402.6 |
| Days payables outstanding | 26.7 | 26.0 | 3,723.3 | 27.5 | 26.3 | 28.9 | 25.6 | 23.0 | 21.4 | 23.9 |
| Cash conversion cycle (days) | 398.4 | 350.3 | 45,633.6 | 350.9 | 346.9 | 404.2 | 354.3 | 332.0 | 331.8 | 398.2 |
| Receivables turnover | 16.87 | 18.42 | 18.42 | 21.90 | 19.85 | 16.04 | 16.80 | 16.93 | 18.36 | 18.71 |
| Payables turnover | 13.65 | 14.04 | 0.10 | 13.26 | 13.87 | 12.61 | 14.26 | 15.90 | 17.02 | 15.26 |
| Inventory turnover | 0.90 | 1.02 | 0.01 | 1.01 | 1.03 | 0.89 | 1.02 | 1.09 | 1.09 | 0.91 |
| Asset turnover | 0.91 | 1.02 | 0.96 | 1.11 | 1.02 | 0.81 | 0.90 | 0.90 | 0.86 | 0.71 |
| Average receivables | $369.6M | $376.3M | $347.9M | $315.2M | $288.4M | $260.9M | $270.9M | $268.5M | $237.9M | $192.2M |
| Average payables | $371.0M | $388.9M | $402.9M | $393.7M | $322.6M | $268.1M | $260.4M | $235.8M | $214.4M | $199.6M |
| Average inventory | $5.60B | $5.33B | $5.34B | $5.17B | $4.35B | $3.80B | $3.64B | $3.42B | $3.33B | $3.36B |
| 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 KBH's annual financial statements (latest annual report filed January 23, 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.
KBH valuation and financial ratios
At the end of fiscal 2025 (November 30, 2025), KB Home traded at 10.4 times earnings, against a 10-year median of 10.8. Based on the latest twelve months, the trailing P/E is 12.2 and the forward P/E is 11.6. KB Home earned a return on equity of 10.8% and a return on invested capital of 7.7% in fiscal 2025. It ended the year with $1.7 billion of debt and $230.4 million in cash and short-term investments, net debt of $1.5 billion. It returned $609.9 million to shareholders: $68.6 million in dividends and $541.3 million in share buybacks, 212% of free cash flow. The share count fell 28.1% from 96.3M to 69.3M over 9 years.
See the KBH income statement, the KBH chart for price history, or the KBH stock overview for the latest quote and news.
KBH key metrics FAQ
What is KB Home's P/E ratio?
KB Home's trailing P/E ratio is 12.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 11.6. At the end of fiscal 2025 it was 10.4, compared with a 10-year median of 10.8.
What is KB Home's EV/EBITDA?
KB Home's enterprise value was 10.1 times EBITDA at the end of fiscal 2025 (enterprise value $6.0 billion, EBITDA $591.5 million); the current EV/EBITDA is 18.7.
What is KB Home's return on equity?
KB Home's return on equity (ROE) was 10.8% in fiscal 2025: net income of $428.8 million on average shareholders' equity of $4.0 billion.
What is KB Home's ROIC?
KB Home's return on invested capital was 7.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does KB Home have?
KB Home had total debt of $1.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.44 and $1.5 billion of net debt (2.54 times EBITDA).
What is KB Home's dividend yield?
KB Home's forward dividend yield is 2.31%. KB Home paid $68.6 million in dividends in fiscal 2025 ($0.99 per share), a payout ratio of 16.0%.
Does KB Home buy back its shares?
Yes. KB Home spent $541.3 million on net share repurchases in fiscal 2025 Shares outstanding changed −10.0% over the year, to 69.3M..
What is KB Home's free cash flow yield?
KB Home generated $287.3 million of free cash flow in fiscal 2025, a free cash flow yield of 6.4% on its market value at year-end ($4.5 billion).
What is KB Home's current ratio?
KB Home's current ratio was 4.57 at the end of fiscal 2025: current assets were 4.57 times current liabilities.