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NVR, Inc (NVR) Fair Value & Analysis

Consumer Cyclical · US · Market cap $17.5B

NI NVR, Inc logo NVR, Inc NVR · US
Price$6,305
Fair Value$7,821
Upside+24.1%
Quality67/100
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Mixed Growth
Solidly profitable · 12.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/14)
Wide moat 74/100
Evidence: High Range $5,364 – $10,477 Share as image

Fair value as of: Jul 13, 2026

From 26 valuation models · updated 25 days ago

Share price −5.8% over the past month.

A solid business, screening 24% undervalued on our models.

What matters now

  • Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range ($5,364 to $10,477) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$9,924 $3,670 Fair Value $7,821 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range $3,670 – $9,924 · fair‑value band $5,364 – $10,477 · the $6,305 price screens below the $7,821 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

NVR, Inc (NVR) currently trades at $6,305, while our model-based Fair Value estimate is $7,821, implying the stock looks roughly 24.1% undervalued today. We read business quality at 67/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, NVR, Inc generated revenue of $9.9B at a net margin of 12.5%. Revenue declined 21.4% year over year. It earns a return on equity of 33.3%. The balance sheet holds a net cash position of $760M. Fundamentals as of Jul 13, 2026

Our scenario range runs from $5,364 (bear case) to $10,477 (bull case); at $6,305, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 27% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 44% fair-value upside, at 24%, NVR screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $5,241 $8,236 $12,995 80
Residual Income $3,802 $5,754 $66,141 76
Rev-Margin DCF $5,610 $9,139 $13,356 74
All 26 models by family
DCF Models
FCF DCF $5,196 $8,251 $13,120 38
Owner Earnings $6,261 $9,993 $15,941 31
5Y Revenue Exit $5,610 $9,187 $13,864 39
5Y EBITDA Exit $5,663 $9,289 $13,617 41
5Y P/E Exit $6,448 $10,805 $15,522 38
10Y Revenue Exit $5,240 $8,514 $13,139 36
10Y EBITDA Exit $5,453 $8,586 $12,945 37
10Y P/E Exit $5,960 $9,657 $14,444 35
Earnings-Based
Graham-Dodd $3,375 $12,182 $16,424 54
Lynch FV $2,884 $4,120 $5,356 50
PEG = 1.0 $2,884 $4,120 $5,356 46
EPV $4,796 $5,531 $6,174 59
Dividend Discount
Gordon GGM $852.12 $1,772 $2,811 70
DDM Multi-Stage $852.12 $1,494 $1,860 61
Multiples
P/E Multiple $7,445 $9,927 $12,409 63
P/S Multiple $6,329 $8,438 $10,548 58
P/B Multiple $3,222 $4,295 $5,369 55
EV/EBIT $8,748 $11,534 $14,320 53
EV/EBITDA $6,514 $8,556 $10,598 54
EV/Revenue $6,023 $8,438 $10,853 43
Asset-Based
NCAV (Graham) $715.90 $959.31 $1,432 50
Growth DCF
Growth DCF $5,241 $8,236 $12,995 80
Rev-Margin DCF $5,610 $9,139 $13,356 74
Economic Profit
Residual Income $3,802 $5,754 $66,141 76
ROIC Compounder $5,105 $6,279 $7,593 72
Growth Earnings
Growth-Adj P/E $5,317 $7,596 $9,875 68

Widest divergence: DCF Models ($9,187) versus Asset-Based ($959.31). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $9.9B
Revenue growth (YoY) -21.4%
Net margin 12.5%
Return on equity 33.3%
Free cash flow $1.1B FY2025
P/E ratio 15.1
More key figures
Operating margin 13.5%
EPS (TTM) $409.55
EPS growth (YoY) -28.5%
Net cash $760M FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 77 · Market factors (momentum, volatility) 39

Profitability 86
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

NVR, Inc. operates as a homebuilder in the United States. The company operates through Homebuilding and Mortgage Banking segments. 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.

Full company description

NVR, Inc. operates as a homebuilder in the United States. The company operates through Homebuilding and Mortgage Banking segments. 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; and sells mortgage loans to investors in the secondary markets on a servicing released basis. The company primarily serves Maryland, Virginia, West Virginia, Delaware, Washington, D.C., New Jersey, Eastern Pennsylvania, New York, Ohio, Western Pennsylvania, Indiana, Illinois, North Carolina, South Carolina, Tennessee, Florida, Georgia, and Kentucky. NVR, Inc. was founded in 1948 and is headquartered in Reston, Virginia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NVR, Inc reported revenue of $10.3B in FY2025 versus $9.0B in FY2021, a compound +3.6%/yr. Reported net income was $1.3B in FY2025, compounding +2.0%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$10.3B
Latest YoY
−2.1%
Avg. growth/yr (3Y)
−0.7%
Avg. growth/yr (5Y)
+6.5%
Avg. growth/yr (31Y)
+8.4%
Revenue +3.6%/yr
FY21 $9.0B
FY22 $10.5B
FY23 $9.5B
FY24 $10.5B
FY25 $10.3B
Net income +2.0%/yr
FY21 $1.2B
FY22 $1.7B
FY23 $1.6B
FY24 $1.7B
FY25 $1.3B

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Cite: Fair Value Calculator (2026). "NVR, Inc Fair Value". https://www.fairvalue-calculator.com/stock/NVR

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Residential Construction · 66 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 67 · Top 25%
Fair Value upside +24% · Above median
Return on equity (TTM) 33% · Top 25%
Return on assets 17% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth -21% · Bottom 25%
Debt / equity 0.24× · Lower than median

Valuation Multiples vs Residential Construction median · lower = cheaper

P/E (TTM) 15.8× · Pricier than median
P/B 4.53× · Pricier than 75% of peers
P/S (TTM) 1.76× · Pricier than 75% of peers
P/FCF 15.9× · Pricier than median
EV/EBITDA 9.9× · Pricier than median
PEG 4.97× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 65 · sector 52
FUTURE 0 · sector 0
PAST 100 · sector 32
HEALTH 88 · sector 88
DIVIDEND 0 · sector 54

Insider activity: 44/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Residential Construction stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
D.R. Horton, Inc DHI $149.39 $214.93 +44%
PulteGroup, Inc PHM $124.75 $193.56 +55%
Lennar Corporation LEN $83.89 $146.58 +75%
Toll Brothers, Inc TOL $150.76 $225.76 +50%
Taylor Morrison Home Corporation TMHC $72.13 $144.47 +100%
Installed Building Products, Inc IBP $228.65 $209.51 -8%
Meritage Homes Corporation MTH $73.83 $104.26 +41%
Champion Homes, Inc SKY $82.70 $75.12 -9%
Cavco Industries, Inc CVCO $569.16 $421.10 -26%
M/I Homes, Inc MHO $149.53 $179.57 +20%

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Frequently asked questions

Is NVR, Inc (NVR) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of $7,821 versus a price of $6,305, about +24% (undervalued).
What is the fair value of NVR?
Our model-based fair value for NVR, Inc is $7,821 (as of Jul 13, 2026), built from audited fundamentals. The current price is $6,305.
What is the quality score of NVR?
NVR, Inc has a Quality Score of 67/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of NVR, Inc (NVR)?
NVR, Inc reported trailing-twelve-month revenue of about $9.9B (latest available figure, as of Jul 13, 2026).
What is the net profit margin of NVR?
The net profit margin of NVR, Inc is about 12.5%, meaning it keeps roughly 12.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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