Company Valuation: KB Home

Data adjusted to current consolidation scope
Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,498 2,686 4,133 6,068 4,166 2,911 - -
Change - -23.2% 53.83% 46.83% -31.34% -30.13% - -
Enterprise Value (EV) 1 4,892 4,196 5,095 7,161 5,631 4,567 4,558 4,667
Change - -14.23% 21.42% 40.55% -21.37% -18.89% -0.19% 2.4%
P/E 6.65x 3.45x 7.41x 9.79x 10.5x 14.8x 12.6x 9.26x
PBR 1.17x 0.75x 1.04x 1.47x 1.04x 0.75x 0.69x 0.62x
PEG - 0.1x -0.3x 0.5x -0.4x -0.3x 0.7x 0.3x
Capitalization / Revenue 0.61x 0.39x 0.64x 0.88x 0.67x 0.58x 0.56x 0.53x
EV / Revenue 0.85x 0.61x 0.79x 1.03x 0.9x 0.91x 0.88x 0.85x
EV / EBITDA 5.71x 3.42x 5.66x 7.49x 8.32x 11.7x 10.1x 9.08x
EV / EBIT 7.4x 4.05x 7.09x 9.37x 11.1x 20.6x 17.8x 14.6x
EV / FCF -63.8x 30.4x 4.87x 22.1x 19.6x 6.69x 20.8x -
FCF Yield -1.57% 3.29% 20.6% 4.52% 5.1% 15% 4.82% -
Dividend per Share 2 0.6 0.6 0.7 0.95 1 0.96 0.996 1.087
Rate of return 1.5% 1.91% 1.34% 1.15% 1.55% 2.01% 2.08% 2.27%
EPS 2 6.01 9.09 7.03 8.45 6.15 3.236 3.789 5.173
Distribution rate 9.98% 6.6% 9.96% 11.2% 16.3% 29.7% 26.3% 21%
Net sales 1 5,725 6,904 6,411 6,930 6,236 5,046 5,169 5,515
EBITDA 1 857.2 1,226 900.5 956.3 676.9 391.9 450.8 514.3
EBIT 1 661.3 1,037 718.7 763.9 507.1 221.4 256.4 320.6
Net income 1 564.7 816.7 590.2 655 428.8 199.3 223 289.5
Net Debt 1 1,394 1,510 962.8 1,094 1,464 1,656 1,647 1,756
Reference price 2 39.99 31.39 52.10 82.74 64.33 47.88 47.88 47.88
Nbr of stocks (in thousands) 87,478 85,584 79,319 73,334 64,765 60,800 - -
Announcement Date 1/12/22 1/11/23 1/10/24 1/13/25 12/18/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.84x0.91x11.67x2% 2.92B
13.58x1.29x9.95x1.27% 39.58B
11.87x - - 0.85% 22.47B
10.28x0.94x8.89x3.93% 17.91B
9.72x0.81x8.87x4.3% 13.88B
10.8x1.29x7.68x0.74% 12.66B
13.06x0.79x6.39x3.25% 6.48B
14.43x0.59x6.01x1.89% 5.7B
11.57x0.93x7.21x5.27% 4.91B
12.33x0.68x11.4x4.1% 4.76B
Average 12.25x 0.92x 8.67x 2.76% 13.13B
Weighted average by Cap. 12.08x 1.05x 8.94x 2.22%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield