NVR, Inc. (NVR)

FairStock Score: 68/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I see a well-run but cyclical homebuilder. NVR builds and sells homes and also runs a mortgage-banking segment. The filed record shows FY2025 revenue of $10.3B, net income of $1.3B, and diluted EPS of $436.55, down from FY2024 revenue of $10.5B, net income of $1.7B, and EPS of $506.69. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $2.3B, net income $236.5M, diluted EPS $83.96, versus $2.6B, $333.7M, and $108.54 in fiscal Q2 2025. That matches FairStock's CYCLICAL category: earnings follow the economic cycle. The quality markers are real: FairStock calculates ROE of 31.54%, ROCE of 16.55%, debt-to-equity of 0.32, Altman Z of 10.35, and TTM FCF of $1.0B, a 6.9% FCF yield. Its moat is not obvious in these numbers; homebuilding is competitive and cyclical, and Piotroski is only 4/9. At the 2026-10-26 close of $5,727.77, FairStock shows P/E 14.88, P/B 4.52, EV/EBITDA 10.31, and a Graham Number of $3,312.00, implying a -80.67% margin of safety. So the price is not demanding on current earnings but is well above a conservative Graham value. I would call it financially sturdy but cyclically pressured and not a clear Graham bargain.

In plain English: NVR builds and sells homes and also offers mortgage services. The business still earns high returns and carries little debt, but revenue and profits have been falling. At the recent price, the stock looks expensive on a conservative value measure but roughly moderate compared with current earnings.

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Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer