HOV Valuation

Hovnanian Enterprises Inc

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120.230

-2.01(-1.644%)1D

HOV Relative Valuation

HOV's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, HOV is overvalued; if below, it's undervalued.

Historical Valuation

Hovnanian Enterprises Inc (HOV) is now in the Fair zone, suggesting that its current forward PS ratio of 120.23 is considered Fairly compared with the five-year average of -17.32. The fair price of Hovnanian Enterprises Inc (HOV) is between to according to relative valuation methord.

Relative Value

Fair Zone

Current Price：120.23

Fair

-324.95

Trailing

Forward

0.00

EV/EBITDA

Hovnanian Enterprises Inc. (HOV) has a current EV/EBITDA of 0.00. The 5-year average EV/EBITDA is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward EV/EBITDA of 0.00 falls within the Strongly Undervalued range.

12.89

EV/EBIT

Hovnanian Enterprises Inc. (HOV) has a current EV/EBIT of 12.89. The 5-year average EV/EBIT is 1.35. The thresholds are as follows: Strongly Undervalued below -5.13, Undervalued between -5.13 and -1.89, Fairly Valued between 4.59 and -1.89, Overvalued between 4.59 and 7.83, and Strongly Overvalued above 7.83. The current Forward EV/EBIT of 12.89 falls within the Strongly Overvalued range.

120.23

Hovnanian Enterprises Inc. (HOV) has a current PS of 120.23. The 5-year average PS is 0.55. The thresholds are as follows: Strongly Undervalued below -15.47, Undervalued between -15.47 and -7.46, Fairly Valued between 8.56 and -7.46, Overvalued between 8.56 and 16.57, and Strongly Overvalued above 16.57. The current Forward PS of 120.23 falls within the Strongly Overvalued range.

0.00

P/OCF

Hovnanian Enterprises Inc. (HOV) has a current P/OCF of 0.00. The 5-year average P/OCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/OCF of 0.00 falls within the Strongly Undervalued range.

0.00

P/FCF

Hovnanian Enterprises Inc. (HOV) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.

Hovnanian Enterprises Inc (HOV) has a current Price-to-Book (P/B) ratio of 1.01. Compared to its 3-year average P/B ratio of 1.53 , the current P/B ratio is approximately -34.01% higher. Relative to its 5-year average P/B ratio of -0.34, the current P/B ratio is about -393.43% higher. Hovnanian Enterprises Inc (HOV) has a Forward Free Cash Flow (FCF) yield of approximately 14.93%. Compared to its 3-year average FCF yield of 26.83%, the current FCF yield is approximately -44.35% lower. Relative to its 5-year average FCF yield of 35.58% , the current FCF yield is about -58.03% lower.

1.01

P/B

Median3y

1.53

Median5y

-0.34

14.93

FCF Yield

Median3y

26.83

Median5y

35.58

Competitors Valuation Multiple

The average P/S ratio for HOV's competitors is 39.45, providing a benchmark for relative valuation. Hovnanian Enterprises Inc Corp (HOV) exhibits a P/S ratio of 120.23, which is 204.73% above the industry average. Given its robust revenue growth of 10.78%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

HOV.N

Hovnanian Enterprises Inc

Smith Douglas Homes Corp

Comstock Holding Companies Inc

13.36

20.64%

134.55M

Performance Decomposition

Market capitalization of HOV decreased by 38.85% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 4.49 to 5.83.

The secondary factor is the Revenue Growth, contributed 10.78%to the performance.

Overall, the performance of HOV in the past 1 year is driven by P/E Change. Which is more unsustainable.

10.78%

722.70M → 800.58M

Revenue Growth

-79.39%

10.09 → 2.08

Margin Expansion

29.76%

4.49 → 5.83

P/E Change

-38.85%