HOV Consumer Cyclical

Hovnanian Enterprises, Inc.

$101.37-3.38%

Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026

Basics

Sector: Consumer Cyclical
Industry: Residential Construction
Country: United States
Market cap: 604.2M USD
Enterprise value: 1.5B USD
Full-time employees: 1,891

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its share price swings more than most peers’ (beta 1.82 vs a peer median of 0.63)bigger price swings (beta 1.82 vs peers 0.63)
Drawback: more debt relative to equity (1.10× vs a peer median of 0.46×)more debt vs equity (1.10× vs peers 0.46×)
About average: valuation and risk (debt, liquidity and share-price swings)valuation and risk

Ranks #1,220 of 1,502 consumer cyclical companies (bottom 19%)

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $56M vs $62M spent repurchasing shares over the 3 fiscal years to FY Oct 2025.
Over three fiscal years Hovnanian Enterprises recorded $56M of stock-based pay expense and spent $62M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Hovnanian Enterprises recorded $56M of stock-based pay expense and spent $62M repurchasing shares.
Valuation signals disagree. Cheaper than 94% of peers on free cash flow, but only 27% on operating cash profit (EBITDA).Cheaper than 94% of peers on free cash flow, but only 27% on operating cash profit.
Relative to its free cash flow, Hovnanian Enterprises looks cheaper than 94% of peers; relative to its operating cash profit (EBITDA), cheaper than only 27%. The valuation score blends the two, so look at which measure fits this business best.Relative to its free cash flow, Hovnanian Enterprises looks cheaper than 94% of peers; relative to its operating cash profit, cheaper than only 27%. The valuation score blends the two, so look at which measure fits this business best.
Cash flow well above reported profit. Free cash flow is 10.9× reported profit.
Free cash flow is 10.9× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.
Revenue is falling. Revenue fell 10% in the 12 months to July 2026 vs the 12 months before.
Hovnanian Enterprises's revenue fell 10% in the 12 months to July 2026 vs the 12 months before.

StockQuotient Score

33/ 100

Oct 5 31 → Nov 4 33 (+2)

Valuation

Is the price right?

57/100

Moderate▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 56 → 57

Share price -0.6%+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ FCF yield
▼ EBITDA yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield2.8%

SEC filings · 12 months to Jul 2026Reported value30% base weight · Z-score -0.49Sector median: 0.0439 · MAD: 0.0329

EBITDA yield4.8%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score -0.87Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield30.4%

SEC filings · 12 months to Jul 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 4.46Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield126.0%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

9/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

12-month revenue fell 3.2%

Why

Weaker than most peers on:

▼ EPS growth
▼ Revenue growth
▼ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-87.8%

SEC filings · 12 months to Jul 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -2.86Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth0.8%

SEC filings · 3 years to Jul 2026Reported value33% base weight · Z-score -0.54Sector median: 0.0425 · MAD: 0.0636

Revenue growth-10.1%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -2.12Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

21/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROIC
▼ Operating margin
▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin2.4%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Oct 2025Reported value33% base weight · Z-score -0.87Sector median: 0.0638 · MAD: 0.0461

Return on assets0.6%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -1.05Sector median: 0.0331 · MAD: 0.0254

Return on invested capital1.3%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score -1.01Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin14.6%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity2.2%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ Current ratio
▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.82

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.80Sector median: 0.6345 · MAD: 0.2980

Current ratio4.17×

Yahoo Finance fallback · SEC figure unavailable or out of dateReported value33% base weight · Z-score 4.82Sector median: 1.4800 · MAD: 0.5570

Debt / equity1.10×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.79Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Hovnanian Enterprises

Is Hovnanian Enterprises getting weaker?: Its latest SEC filing (Aug 28, 2026) got weaker in some ways: 12-month revenue fell 3.2%. Its overall score is unchanged at 33/100 since Oct 28, 2026.
How is Hovnanian Enterprises valued vs its peers?: Priced about in line with its peers. Valuation scores 57/100 against 1,612 consumer cyclical peers. Free cash flow yield 30.4% vs a peer median of 6.1% (stronger than 94% of peers).Free cash flow yield 30.4% vs peers 6.1% (stronger than 94% of peers). EBITDA yield 4.8% vs a peer median of 8.8% (weaker than 73% of peers).EBITDA yield 4.8% vs peers 8.8% (weaker than 73% of peers).
Is Hovnanian Enterprises growing?: More slowly than most of its peers. Growth scores 9/100 against 1,612 consumer cyclical peers. Earnings per share growth -87.8% vs a peer median of 4.2% (weaker than 100% of peers).Earnings per share growth -87.8% vs peers 4.2% (weaker than 100% of peers).
How profitable is Hovnanian Enterprises?: Less profitable than most of its peers. Profitability scores 21/100 against 1,612 consumer cyclical peers. Return on invested capital 1.3% vs a peer median of 7.3% (weaker than 77% of peers).Return on invested capital 1.3% vs peers 7.3% (weaker than 77% of peers).
How risky is Hovnanian Enterprises?: Moderate risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 4.17× vs a peer median of 1.48× (stronger than 93% of peers).Current ratio 4.17× vs peers 1.48× (stronger than 93% of peers). Beta 1.82 vs a peer median of 0.63 (weaker than 100% of peers).Beta 1.82 vs peers 0.63 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jul 31, 2026 · filed Aug 28, 2026 · compared with the quarter ended Apr 30, 2026

Got weaker

12-month revenue fell 3.2%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	2.9B USD	2.8B USD	−3.2%
Net income (12 months)	36.5M USD	18.1M USD	−50.4%
Free cash flow (12 months)	271.4M USD	197.8M USD	−27.1%
Debt	901.9M USD	902.5M USD	+0.1%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Consumer Cyclical · 182 companies

Valuations in Consumer Cyclical are within their usual range since 2016.

36% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +0% and earnings +10% (medians): prices and earnings moved broadly together.
Median price-to-sales is −55% vs the whole market, against a usual −41%.

2016Shaded: most expensive fifth of its range2026

Shown for Consumer Cyclical: too few Residential Construction companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Oct 2021	FY Oct 2022	FY Oct 2023	FY Oct 2024	FY Oct 2025	Change
Net margin	21.8%	7.7%	7.5%	8.1%	2.1%	▼ 5.9 pts
Return on assets (ROA)	26.2%	8.8%	8.3%	9.3%	2.4%	▼ 6.9 pts
Return on equity (ROE)	347.5%	58.9%	35.4%	30.2%	7.7%	▼ 23 pts
Free cash flow margin	7.3%	2.6%	15.1%	0.2%	5.6%	▲ 5.4 pts
Debt to equity	7.14×	2.99×	1.81×	1.12×	1.08×	▼ 3.2%

HOV price history

Price history is added with the daily price update and will appear after the next one.

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Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its share price swings more than most peers’ (beta 1.82 vs a peer median of 0.63)bigger price swings (beta 1.82 vs peers 0.63)

Drawback: more debt relative to equity (1.10× vs a peer median of 0.46×)more debt vs equity (1.10× vs peers 0.46×)

About average: valuation and risk (debt, liquidity and share-price swings)valuation and risk

Ranks #1,220 of 1,502 consumer cyclical companies (bottom 19%)

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $56M vs $62M spent repurchasing shares over the 3 fiscal years to FY Oct 2025.

Over three fiscal years Hovnanian Enterprises recorded $56M of stock-based pay expense and spent $62M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Hovnanian Enterprises recorded $56M of stock-based pay expense and spent $62M repurchasing shares.

Valuation signals disagree. Cheaper than 94% of peers on free cash flow, but only 27% on operating cash profit (EBITDA).Cheaper than 94% of peers on free cash flow, but only 27% on operating cash profit.

Relative to its free cash flow, Hovnanian Enterprises looks cheaper than 94% of peers; relative to its operating cash profit (EBITDA), cheaper than only 27%. The valuation score blends the two, so look at which measure fits this business best.Relative to its free cash flow, Hovnanian Enterprises looks cheaper than 94% of peers; relative to its operating cash profit, cheaper than only 27%. The valuation score blends the two, so look at which measure fits this business best.

Cash flow well above reported profit. Free cash flow is 10.9× reported profit.

Free cash flow is 10.9× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Revenue is falling. Revenue fell 10% in the 12 months to July 2026 vs the 12 months before.

Hovnanian Enterprises's revenue fell 10% in the 12 months to July 2026 vs the 12 months before.

Questions investors ask about Hovnanian Enterprises

Is Hovnanian Enterprises getting weaker?

Its latest SEC filing (Aug 28, 2026) got weaker in some ways: 12-month revenue fell 3.2%. Its overall score is unchanged at 33/100 since Oct 28, 2026.

How is Hovnanian Enterprises valued vs its peers?

Priced about in line with its peers. Valuation scores 57/100 against 1,612 consumer cyclical peers. Free cash flow yield 30.4% vs a peer median of 6.1% (stronger than 94% of peers).Free cash flow yield 30.4% vs peers 6.1% (stronger than 94% of peers). EBITDA yield 4.8% vs a peer median of 8.8% (weaker than 73% of peers).EBITDA yield 4.8% vs peers 8.8% (weaker than 73% of peers).

Is Hovnanian Enterprises growing?

More slowly than most of its peers. Growth scores 9/100 against 1,612 consumer cyclical peers. Earnings per share growth -87.8% vs a peer median of 4.2% (weaker than 100% of peers).Earnings per share growth -87.8% vs peers 4.2% (weaker than 100% of peers).

How profitable is Hovnanian Enterprises?

Less profitable than most of its peers. Profitability scores 21/100 against 1,612 consumer cyclical peers. Return on invested capital 1.3% vs a peer median of 7.3% (weaker than 77% of peers).Return on invested capital 1.3% vs peers 7.3% (weaker than 77% of peers).

How risky is Hovnanian Enterprises?

Moderate risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 4.17× vs a peer median of 1.48× (stronger than 93% of peers).Current ratio 4.17× vs peers 1.48× (stronger than 93% of peers). Beta 1.82 vs a peer median of 0.63 (weaker than 100% of peers).Beta 1.82 vs peers 0.63 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

2.9B USD

2.8B USD

−3.2%

Net income (12 months)

36.5M USD

18.1M USD

−50.4%

Free cash flow (12 months)

271.4M USD

197.8M USD

−27.1%

Debt

901.9M USD

902.5M USD

+0.1%

Key ratios

FY Oct 2021

FY Oct 2022

FY Oct 2023

FY Oct 2024

FY Oct 2025

Change

Net margin

21.8%

7.7%

7.5%

8.1%

2.1%

▼ 5.9 pts

Return on assets (ROA)

26.2%

8.8%

8.3%

9.3%

2.4%

▼ 6.9 pts

Return on equity (ROE)

347.5%

58.9%

35.4%

30.2%

7.7%

▼ 23 pts

Free cash flow margin

7.3%

2.6%

15.1%

0.2%

5.6%

▲ 5.4 pts

Debt to equity

7.14×

2.99×

1.81×

1.12×

1.08×

▼ 3.2%