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← CockpitCompetitor Analysis › HOV Hovnanian Enterprises, Inc. Class AOpen in the cockpit ↗

Hovnanian Enterprises, Inc. Class AHOVCompetitor analysis, valuation and peers

United States · USD·Consumer Discretionary›Homebuilding
Momentum weak 29
Mkt cap
$594M
US dollars, full cap
Free float
84%
of shares outstanding
$/day
$13.5M
20-day average traded
Fwd P/E
25.4×
forward earnings
ROIC−WACC
-4.9 pp
WACC 8.9%
Hurdle
-0 pp
Req g minus delivered
Next earnings
27 days
3 Dec 2026
Close · USD$101.46
1D-3.2%
1W+2.1%
1M-7.8%
3M-23.0%
6M-5.8%
YTD+4.0%
1Y-17.6%
ATR %5.9%
Beta1.55
52w lowhigh31.7% off high

What Hovnanian Enterprises does

Employees: 1,891

Hovnanian Enterprises at a glance

Size Hovnanian Enterprises (HOV) is a United States Consumer Discretionary company (Homebuilding) with a market value of $594M, the 2585th largest of 3,117 United States companies the cockpit tracks. Shares closed at $101.46 on 6 Nov 2026.

Performance Over six months the shares fell 5.8%, against -13.9% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue fell 10.2% over the last twelve months (peer median +3.0%); the operating margin is 3.0% (peer median 6.5%).

Valuation It trades at 25.4× forward earnings against a peer median of 9.4× (2nd most expensive of 11).

Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -0 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 4.9 points below its cost of capital (8.9% WACC).

Short interest Short interest is 8.8% of the free float (15 Oct 2026).

Next results Next results expected around 3 Dec 2026 (exchange calendar; dates can move).

Relative performance

8010012014011 May 202611 Aug 20266 Nov 2026HOV 94Peer median 86
Six months, rebased to 100: Hovnanian Enterprises against the median of its 20 peers (local-currency closes).

Hovnanian Enterprises financials

Reported figures in USD; fiscal year ends 2025-10-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$2.82B$2.98B$3.01B$2.76B$2.92B
Revenue growth—-1%+9%-6%—
Gross profit$383M$421M$591M$580M$642M
EBITDA$100M$142M$348M$321M$349M
Net income$17.6M$61.9M$234M$190M$206M
Free cash flow$198M$171M$10.2M$433M$87.2M
Capital expenditure$21.1M$22.1M$17.9M$18.8M$12.6M
Total debt$975M$957M$1.02B$1.17B$1.31B

Quarterly statements and history in the cockpit →

Hovnanian Enterprises competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-40%-20%0%25200000421AT000797LEGHSDHC148925011419605303BXBL17626009391720MERKOF1808600846HOV6-month return →1-month return →
Up and to the right = strong over both horizons. Hovnanian Enterprises is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%20×40×60×25201ATLEGHSDHC2501141917621720MERKOFHOVRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Hovnanian Enterprises is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%-20%0%20%25200000421AT000797LEGH1489250196636009391720MERKOF600846HOVGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Hovnanian Enterprises is the large dot.

Hovnanian Enterprises competitors and peer comparison

How Hovnanian Enterprises compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Hovnanian Enterprises against its 20 peers (data as of 6 Nov 2026)
MeasureHOVPeer medianRank in peer set
1-month return-7.8%-0.5%8th lowest of 21
6-month return-5.8%-13.9%8th highest of 21
Distance from 52-week high-31.7%-31.2%10th lowest of 21
Revenue growth (TTM)-10.2%+3.0%5th lowest of 20
Operating margin3.0%6.5%8th lowest of 20
Forward P/E25.4×9.4×2nd most expensive of 11
Growth the price implies (Req g, 7 yrs)4.8%-9.2%4th most demanding of 15
Growth delivered (Del g)+4.9%-0.9%4th highest of 15
Hurdle (Req g minus delivered)-0.1 pp-7.2 pp7th most demanding of 15
ROIC minus cost of capital-4.9 pp+2.0 pp6th lowest of 20
Net debt / EBITDA6.8×1.1×most indebted of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Hovnanian Enterprises HOVUnited States$594M-6%-10%3%25.4×4.8%+4.9%
Kindom Development 2520.TWTaiwan$600M+15%+10%16%7.0×-13.2%-3.5%
Shenzhen Centralcon Investment 000042.SZChina$637M-34%+116%14%n/a-14.2%-24.7%
Atal 1AT.WAPoland$668M-5%+40%26%5.7×-3.9%+1.8%
China Wuyi 000797.SZChina$517M-24%+78%-5%n/a-8.0%+4.2%
Legacy Housing LEGHUnited States$694M+25%-3%33%14.1×3.5%-1.4%
Smith Douglas Homes SDHCUnited States$499M-25%0%3%60.2×n/an/a
GC Construction 1489.HKHong Kong$495M+646%-51%-23%n/a30.4%-10.0%
Cathay Real Estate Development 2501.TWTaiwan$719M-9%+14%19%6.8×-20.7%+11.7%
Tama Home 1419.TJapan$486M-26%+2%2%20.5×n/an/a
Hangzhou Landscaping 605303.SSChina$484M-17%-34%-27%n/an/an/a
Nagawa 9663.TJapan$475M-8%+3%13%n/a4.9%+3.8%
BOXABL BXBLUnited States$466M-81%n/an/an/an/an/a
Takamatsu Construction 1762.TJapan$769M+16%+6%6%9.5×n/an/a
Chongqing Construction Engineering 600939.SSChina$773M-11%-28%-4%n/a-7.9%-16.8%
Tokyu Construction 1720.TJapan$774M-21%+11%5%9.3×-13.6%+8.1%
Mears MER.LUnited Kingdom$455M+9%+2%6%9.7×-10.5%+7.1%
YeaShin International Development 5213.TWOTaiwan$448M-24%-32%18%n/an/an/a
Kaufman & Broad KOF.PAFrance$437M-19%0%8%7.3×-16.2%-0.5%
Run Long Construction 1808.TWTaiwan$844M+10%+741%25%n/a-12.0%-3.2%
Shanghai Tongji Science & Technology Industrial 600846.SSChina$870M-27%+51%3%n/a7.8%-6.8%

Questions

Which companies are Hovnanian Enterprises's closest peers?
The cockpit's peer set: Kindom Development (2520.TW), Shenzhen Centralcon Investment (000042.SZ), Atal (1AT.WA), China Wuyi (000797.SZ), Legacy Housing (LEGH), Smith Douglas Homes (SDHC), GC Construction (1489.HK), Cathay Real Estate Development (2501.TW).
Is Hovnanian Enterprises expensive compared with its peers?
On forward p/e it trades at 25.4× against a peer median of 9.4×, 2nd most expensive of 11 in its peer set. For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -0 pp: the price already allows for a slowdown.
How has Hovnanian Enterprises stock performed?
Over six months to 6 Nov 2026 the shares returned -5.8% against -13.9% for the median peer; over one year -17.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.