NVR, Inc. (NVR) Stock

NVR, Inc. (NVR) is a Industrials stock trading at $6329.13 (as of 2026-09-02), with a market capitalization of $17.08B and a trailing P/E of 13.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

NVR, Inc. operates as a homebuilder in the United States. The company operates in two segments, Homebuilding and Mortgage Banking. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers. It also provides various mortgage related services to its homebuilding customers, as well as brokers title insurance; performs title searches in connection with mortgage loan closings; and sells mortgage loans to investors in the secondary markets on a servicing released basis. The company primarily serves in Maryland, Virginia, West Virginia, Delaware, New Jersey, Eastern Pennsylvania, New York, Ohio, Western Pennsylvania, Indiana, Illinois, North Carolina, South Carolina, Florida, Tennessee, and Washington, D.C. NVR, Inc. was founded in 1980 and is headquartered in Reston, Virginia.

Understand NVR, Inc.: how it makes money

NVR builds and sells single-family homes under three brand names (Ryan Homes, NVHomes, Heartland Homes), earning a margin on each sale plus a fee on the bundled mortgage. Revenue spans entry-level to luxury buyers, with the mortgage relationship attached to nearly every home closed.

Each home sale carries a second revenue stream via mortgage banking at an 83% capture rate, but 14% of orders are cancelled before closing, and both the entry-level and luxury tiers swing with the housing cycle.

Business quality (Weak): Revenue is contracting sharply (-22% YoY) and the quality grade is Weak, yet the 35% ROE shows the capital-light build-to-sell model still generates strong returns per dollar invested when the market cooperates.

Valuation: At 14× earnings, NVR trades 41% below the Construction average (23×). Note: the low multiple may reflect one-time earnings items.

Bull case

  • Trading at a deep discount: NVR trades at a P/E of 14.0x versus the Construction industry average of 23.5x, a 41% gap. If the housing cycle turns, the multiple has room to re-rate toward peers.
  • Mortgage capture is a structural tailwind: NVR captures the mortgage on 83% of its home sales, layering fee income on top of the homebuilding margin and making each unit more profitable than a pure builder.

Bear case

  • Revenue is falling fast: Quarterly revenue came in at $1.9B, down 22% year over year. The decline spans both brand tiers, suggesting broad-based weakness rather than a one-segment blip.
  • Cancellations erode realized volume: A 14% cancellation rate means nearly 1 in 7 signed orders never closes. In a rising-rate environment this cost is likely to climb further, shrinking the bookings-to-settlements pipeline.
Valuation — source: SEC EDGAR (first-party)
Price$6329.13
Market Cap$17.08B
P/E Ratio13.8
Price / Book4.89
Price / Sales1.74
FCF Yield6.4%
DCF Value (model)$11336.73
DCF Upside vs Price79.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$10.32B
Net Margin13.0%
Revenue Growth (YoY)-21.7%
EPS Growth (YoY)-29.0%
FCF Growth (YoY)66.8%
Valuation vs Sector & Industry
Stock P/E13.8
Sector P/E (Industrials)25.7
Industry P/E (Construction)22.8
vs Sector-46.4%
vs Industry-39.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($2.37B)
Institutional Holders Tracked10
Congressional Trades (recent)5
Company
SectorIndustrials
IndustryConstruction
CEOEugene James Bredow
Employees7,000
CountryUS
IPO Date1985-07-22

Related Companies (Construction; 8 comparable construction companies)

  • M/I Homes, Inc. (MHO)
  • Lennar Corporation (LEN)
  • LENNAR CORP /NEW/ (LEN)
  • Toll Brothers, Inc. (TOL)
  • KB Home (KBH)
  • Taylor Morrison Home Corporation (TMHC)
  • Cavco Industries, Inc. (CVCO)
  • PulteGroup, Inc. (PHM)
NVR earnings history · NVR institutional & insider holders · NVR KPIs & operating metrics · NVR financials · NVR investor presentations & press releases · NVR SEC filings · NVR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.