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Lennar

NYSE: LEN · USD

Lennar (LEN) valuation and fair value

Cash flow scenarios and historical market multiples, using sourced financial data.

Fair Value

Valuation scenarios using the same sourced data as the charts.

Fair Value is available with Beanvest Premium. Financial charts remain available.

Sources and methodology

Current publication · Updated 18/10/2026 · Version 5

Publication history

Publication history
VersionUpdatedValue per share
518/10/2026Premium
418/10/2026Premium
318/10/2026Premium
218/10/2026Premium
118/10/2026Premium

Sources

Research methodology and limitations · What is fair value?

Historical valuation multiples

Closing prices against trailing 12-month earnings and cash flow.

Daily closes · Published TTM basis · Diluted shares · Sep 25, 2026

P/E

× · TTM

12.37×
Jan 31, 2012 through Sep 25, 2026

PEG

× · TTM · YoY growth

—

P/S

× · TTM

0.6×

P/FCF

× · TTM

27.6×

P/FCF / growth

× · TTM · YoY growth

0.15×

P/OCF

× · TTM

22.4×

P/B

×

0.91×

FCF yield

% · TTM

3.62%

Earnings yield

% · TTM

8.08%

EV/Sales

× · TTM

—

EV/EBITDA

× · TTM

—

Monthly closes

Lennar valuation history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Close dateFinancials throughP/E×PEG×P/S×P/FCF×P/FCF / growth×P/OCF×P/B×FCF yield%Earnings yield%EV/Sales×EV/EBITDA×
Sep 25, 2026May 31, 202612.37×—0.6×27.6×0.15×22.4×0.91×3.62%8.08%——
Aug 31, 2026May 31, 202612.67×—0.62×28.25×0.16×22.94×0.94×3.54%7.9%——
Jul 31, 2026May 31, 202612.4×—0.61×27.66×0.16×22.46×0.92×3.61%8.06%——
Jun 30, 2026May 31, 202613.63×—0.67×30.4×0.17×24.68×1.01×3.29%7.34%——
May 29, 2026Feb 28, 202612.4×—0.66×——303.32×1×-0.41%8.07%——
Apr 30, 2026Feb 28, 202612.47×—0.67×——305.07×1.01×-0.41%8.02%——
Mar 31, 2026Aug 31, 20258.35×—0.64×———0.98×-3.21%11.97%——
Feb 27, 2026Aug 31, 202511×—0.84×———1.3×-2.44%9.09%——
Jan 30, 2026Aug 31, 202510.52×—0.8×———1.24×-2.55%9.51%——
Dec 31, 2025Aug 31, 20259.89×—0.76×———1.16×-2.71%10.11%——
Nov 28, 2025Aug 31, 202512.63×—0.97×———1.49×-2.12%7.92%——
Oct 31, 2025Aug 31, 202511.9×—0.91×———1.4×-2.25%8.4%——
Sep 30, 2025May 31, 202510.18×—0.93×117.73×—80.08×1.45×0.85%9.83%——
Aug 29, 2025May 31, 202510.75×—0.98×124.36×—84.59×1.53×0.8%9.3%——
Jul 31, 2025May 31, 20259.06×—0.83×104.78×—71.27×1.29×0.95%11.04%——
Jun 30, 2025Feb 28, 20257.86×25.94×0.81×18.26×—16.64×1.28×5.48%12.72%——
May 30, 2025Feb 28, 20257.54×24.87×0.78×17.51×—15.96×1.23×5.71%13.26%——
Apr 30, 2025Feb 28, 20257.72×25.47×0.8×17.93×—16.34×1.26×5.58%12.95%——
Mar 31, 2025Aug 31, 20247.71×0.6×0.88×8.34×—7.97×1.17×11.99%12.97%——
Feb 28, 2025Aug 31, 20248.04×0.62×0.92×8.69×—8.31×1.22×11.51%12.44%——
Jan 31, 2025Aug 31, 20248.82×0.68×1×9.53×—9.12×1.34×10.49%11.34%——
Dec 31, 2024Aug 31, 20248.87×0.69×1.01×9.59×—9.17×1.34×10.43%11.27%——
Nov 29, 2024Aug 31, 202411.34×0.88×1.29×12.26×—11.73×1.72×8.15%8.82%——
Oct 31, 2024Aug 31, 202411.08×0.86×1.26×11.98×—11.45×1.68×8.35%9.03%——
Sep 30, 2024May 31, 202412.52×9.25×1.43×12.92×—12.36×1.91×7.74%7.99%——
Aug 30, 2024May 31, 202412.16×8.98×1.39×12.55×—12.01×1.85×7.97%8.22%——
Jul 31, 2024May 31, 202411.82×8.73×1.35×12.2×—11.67×1.8×8.2%8.46%——
Jun 28, 2024Feb 29, 202410.34×—1.18×9.43×1.39×9.08×1.56×10.61%9.67%——
May 31, 2024Feb 29, 202411.07×—1.27×10.09×1.49×9.72×1.67×9.91%9.04%——
Apr 30, 2024Feb 29, 202410.47×—1.2×9.54×1.41×9.19×1.58×10.48%9.56%——
Mar 28, 2024Nov 30, 202312.35×—1.4×9.46×0.15×9.28×1.81×10.57%8.09%——
Feb 29, 2024Nov 30, 202311.39×—1.29×8.72×0.14×8.55×1.67×11.47%8.78%——
Jan 31, 2024Nov 30, 202310.76×—1.22×8.24×0.13×8.08×1.58×12.13%9.29%——
Dec 29, 2023Aug 31, 202111.22×0.13×1.79×18.06×—17.57×2.22×5.54%8.91%1.95×8.38×
Nov 30, 2023Aug 31, 20219.63×0.12×1.54×15.5×—15.08×1.9×6.45%10.39%1.69×7.28×
Oct 31, 2023Aug 31, 20218.03×0.1×1.28×12.92×—12.58×1.59×7.74%12.45%1.44×6.18×
Sep 29, 2023Aug 31, 20218.45×0.1×1.35×13.6×—13.23×1.67×7.35%11.84%1.5×6.47×
Aug 31, 2023Aug 31, 20218.96×0.11×1.43×14.43×—14.04×1.77×6.93%11.16%1.59×6.83×
Jul 31, 2023Aug 31, 20219.55×0.11×1.53×15.37×—14.95×1.89×6.51%10.47%1.68×7.23×
Jun 30, 2023Aug 31, 20219.43×0.11×1.51×15.18×—14.77×1.86×6.59%10.6%1.66×7.15×
May 31, 2023Aug 31, 20218.06×0.1×1.29×12.98×—12.63×1.59×7.71%12.4%1.44×6.21×
Apr 28, 2023Aug 31, 20218.49×0.1×1.36×13.67×—13.3×1.68×7.32%11.78%1.51×6.5×
Mar 31, 2023Aug 31, 20217.91×0.09×1.27×12.73×—12.39×1.56×7.85%12.64%1.42×6.1×
Feb 28, 2023Aug 31, 20217.28×0.09×1.16×11.72×—11.41×1.44×8.53%13.73%1.32×5.67×
Jan 31, 2023Aug 31, 20217.71×0.09×1.23×12.41×—12.07×1.52×8.06%12.97%1.38×5.96×
Dec 30, 2022Aug 31, 20216.81×0.08×1.09×10.96×—10.67×1.35×9.12%14.68%1.24×5.34×
Nov 30, 2022Aug 31, 20216.61×0.08×1.06×10.64×—10.36×1.31×9.4%15.13%1.21×5.21×
Oct 31, 2022Aug 31, 20216.07×0.07×0.97×9.78×—9.51×1.2×10.23%16.46%1.12×4.84×
Sep 30, 2022Aug 31, 20215.61×0.07×0.9×9.03×—8.79×1.11×11.07%17.82%1.05×4.52×
Aug 31, 2022Aug 31, 20215.83×0.07×0.93×9.38×—9.13×1.15×10.66%17.15%1.08×4.67×
Jul 29, 2022Aug 31, 20216.4×0.08×1.02×10.3×—10.02×1.26×9.71%15.63%1.18×5.06×
Jun 30, 2022Aug 31, 20215.31×0.06×0.85×8.55×—8.32×1.05×11.7%18.82%1×4.31×
May 31, 2022Aug 31, 20216.04×0.07×0.97×9.72×—9.46×1.19×10.29%16.55%1.12×4.81×
Apr 29, 2022Aug 31, 20215.76×0.07×0.92×9.27×—9.02×1.14×10.79%17.37%1.07×4.62×
Mar 31, 2022Aug 31, 20216.11×0.07×0.98×9.83×—9.57×1.21×10.17%16.37%1.13×4.86×
Feb 28, 2022Aug 31, 20216.77×0.08×1.08×10.89×—10.6×1.34×9.18%14.78%1.23×5.31×
Jan 31, 2022Aug 31, 20217.23×0.09×1.16×11.64×—11.33×1.43×8.59%13.82%1.31×5.64×
Dec 31, 2021Aug 31, 20218.74×0.1×1.4×14.07×—13.7×1.73×7.11%11.44%1.55×6.67×
Nov 30, 2021Aug 31, 20217.91×0.09×1.26×12.73×—12.39×1.56×7.86%12.65%1.42×6.1×
Oct 29, 2021Aug 31, 20217.52×0.09×1.2×12.11×—11.78×1.49×8.26%13.29%1.35×5.83×
Sep 30, 2021May 31, 20218.64×0.14×1.18×8.21×0.72×8.04×1.48×12.19%11.58%1.35×6.66×
Aug 31, 2021May 31, 20219.89×0.16×1.36×9.4×0.82×9.21×1.69×10.64%10.11%1.52×7.51×
Jul 30, 2021May 31, 20219.69×0.16×1.33×9.21×0.8×9.03×1.66×10.86%10.32%1.5×7.37×
Jun 30, 2021Feb 28, 202110.09×0.19×1.32×7.44×0.09×7.32×1.62×13.45%9.91%1.5×7.76×
May 28, 2021Feb 28, 202110.06×0.19×1.31×7.41×0.09×7.3×1.62×13.5%9.94%1.5×7.74×
Apr 30, 2021Feb 28, 202110.53×0.2×1.37×7.75×0.1×7.63×1.69×12.9%9.5%1.56×8.05×
Mar 31, 2021Nov 30, 202012.84×0.37×1.39×7.6×0.04×7.47×1.74×13.16%7.79%1.59×10.02×
Feb 26, 2021Nov 30, 202010.53×0.3×1.14×6.23×0.03×6.12×1.43×16.05%9.5%1.34×8.45×
Jan 29, 2021Nov 30, 202010.55×0.3×1.14×6.24×0.03×6.13×1.43×16.02%9.48%1.35×8.46×
Dec 31, 2020Aug 31, 202010.52×0.6×1.04×5.86×0.02×5.77×1.37×17.08%9.5%1.3×8.31×
Nov 30, 2020Aug 31, 202010.47×0.6×1.04×5.83×0.02×5.74×1.36×17.16%9.55%1.3×8.27×
Oct 30, 2020Aug 31, 20209.69×0.55×0.96×5.39×0.02×5.32×1.26×18.54%10.32%1.22×7.78×
Sep 30, 2020May 31, 202012.06×0.86×1.11×7.97×0.04×7.81×1.52×12.54%8.29%1.44×9.96×
Aug 31, 2020May 31, 202011.05×0.79×1.02×7.3×0.04×7.16×1.39×13.69%9.05%1.34×9.31×
Jul 31, 2020May 31, 202010.68×0.76×0.99×7.06×0.04×6.92×1.35×14.16%9.36%1.31×9.07×
Jun 30, 2020Feb 29, 20209.61×0.64×0.84×8.29×0.09×8.02×1.2×12.06%10.41%1.19×8.9×
May 29, 2020Feb 29, 20209.43×0.63×0.82×8.14×0.08×7.87×1.17×12.29%10.61%1.17×8.78×
Apr 30, 2020Feb 29, 20207.81×0.52×0.68×6.74×0.07×6.52×0.97×14.84%12.81%1.03×7.73×
Mar 31, 2020Aug 31, 20196.2×0.09×0.56×10.63×—9.63×0.79×9.4%16.14%——
Feb 28, 2020Aug 31, 20199.79×0.14×0.88×16.8×—15.22×1.25×5.95%10.22%——
Jan 31, 2020Aug 31, 201910.76×0.16×0.97×18.47×—16.74×1.37×5.41%9.29%——
Dec 31, 2019Aug 31, 20199.05×0.13×0.82×15.53×—14.07×1.15×6.44%11.05%——
Nov 29, 2019Aug 31, 20199.67×0.14×0.87×16.6×—15.04×1.23×6.02%10.34%——
Oct 31, 2019Aug 31, 20199.67×0.14×0.87×16.59×—15.03×1.23×6.03%10.34%——
Sep 30, 2019May 31, 20199.41×0.1×0.83×15.86×2.03×14.34×1.18×6.31%10.63%——
Aug 30, 2019May 31, 20198.59×0.09×0.76×14.48×1.85×13.1×1.08×6.9%11.64%——
Jul 31, 2019May 31, 20198.01×0.08×0.71×13.51×1.73×12.22×1.01×7.4%12.48%——
Jun 28, 2019Feb 28, 20198.69×0.15×0.73×12.84×0.27×11.71×1.05×7.79%11.5%——
May 31, 2019Feb 28, 20198.91×0.16×0.74×13.16×0.27×12×1.08×7.6%11.22%——
Apr 30, 2019Feb 28, 20199.33×0.16×0.78×13.79×0.29×12.57×1.13×7.25%10.71%——
Mar 29, 2019Nov 30, 20189.52×0.18×0.78×10.12×0.32×9.34×1.1×9.89%10.51%——
Feb 28, 2019Nov 30, 20189.3×0.17×0.76×9.89×0.31×9.13×1.07×10.11%10.75%——
Jan 31, 2019Nov 30, 20189.19×0.17×0.75×9.77×0.31×9.03×1.06×10.23%10.88%——
Dec 31, 2018Aug 31, 201810.66×1.45×0.72×9.92×0.4×9.04×0.91×10.08%9.38%——
Nov 30, 2018Aug 31, 201811.64×1.59×0.78×10.83×0.44×9.86×1×9.24%8.59%——
Oct 31, 2018Aug 31, 201811.71×1.6×0.79×10.89×0.44×9.92×1×9.18%8.54%——
Sep 28, 2018May 31, 201815.28×—0.99×14.3×0.19×12.81×1.12×6.99%6.55%——
Aug 31, 2018May 31, 201816.91×—1.09×15.82×0.21×14.18×1.24×6.32%5.91%——
Jul 31, 2018May 31, 201817.1×—1.1×16×0.21×14.34×1.26×6.25%5.85%——
Jun 29, 2018Feb 28, 201814.8×3.22×1.01×20.61×—17.24×1.02×4.85%6.76%——
May 31, 2018Feb 28, 201814.58×3.17×0.99×20.32×—16.99×1.01×4.92%6.86%——
Apr 30, 2018Feb 28, 201814.91×3.24×1.01×20.77×—17.37×1.03×4.82%6.71%——
Mar 29, 2018Nov 30, 201717.6×—1.12×15.96×0.16×14.17×1.79×6.27%5.68%——
Feb 28, 2018Nov 30, 201716.9×—1.07×15.32×0.15×13.6×1.72×6.53%5.92%——
Jan 31, 2018Nov 30, 201718.71×—1.19×16.97×0.17×15.07×1.91×5.89%5.34%——
Dec 29, 2017Aug 31, 201718.49×—1.22×19.96×—17.84×1.98×5.01%5.41%——
Nov 30, 2017Aug 31, 201718.35×—1.21×19.81×—17.71×1.97×5.05%5.45%——
Oct 31, 2017Aug 31, 201716×—1.06×17.27×—15.45×1.71×5.79%6.25%——
Sep 29, 2017May 31, 201715.4×—1.04×27.92×—23.42×1.67×3.58%6.49%——
Aug 31, 2017May 31, 201715.1×—1.02×27.37×—22.96×1.64×3.65%6.62%——
Jul 31, 2017May 31, 201715.29×—1.03×27.73×—23.27×1.66×3.61%6.54%——
Jun 30, 2017Feb 28, 201715.46×—1.1×17.21×—15.42×1.74×5.81%6.47%——
May 31, 2017Feb 28, 201714.88×—1.05×16.56×—14.84×1.68×6.04%6.72%——
Apr 28, 2017Feb 28, 201714.64×—1.04×16.3×—14.6×1.65×6.13%6.83%——
Mar 31, 2017Nov 30, 201613.17×0.99×1.09×27.56×—23.41×1.69×3.63%7.59%——
Feb 28, 2017Nov 30, 201612.55×0.95×1.03×26.26×—22.31×1.61×3.81%7.97%——
Jan 31, 2017Nov 30, 201611.49×0.87×0.95×24.04×—20.42×1.48×4.16%8.71%——
Dec 30, 2016Aug 31, 201417.72×0.7×1.38×———2.14×—5.64%——
Nov 30, 2016Aug 31, 201417.56×0.69×1.37×———2.12×—5.69%——
Oct 31, 2016Aug 31, 201417.21×0.68×1.34×———2.08×—5.81%——
Sep 30, 2016Aug 31, 201417.48×0.69×1.36×———2.11×—5.72%——
Aug 31, 2016Aug 31, 201419.53×0.77×1.52×———2.36×—5.12%——
Jul 29, 2016Aug 31, 201419.32×0.76×1.5×———2.33×—5.18%——
Jun 30, 2016Aug 31, 201419.03×0.75×1.48×———2.3×—5.25%——
May 31, 2016Aug 31, 201418.81×0.74×1.46×———2.27×—5.32%——
Apr 29, 2016Aug 31, 201418.7×0.74×1.45×———2.26×—5.35%——
Mar 31, 2016Aug 31, 201419.96×0.79×1.55×———2.41×—5.01%——
Feb 29, 2016Aug 31, 201417.31×0.68×1.35×———2.09×—5.78%——
Jan 29, 2016Aug 31, 201417.4×0.69×1.35×———2.1×—5.75%——
Dec 31, 2015Aug 31, 201325.31×—2.05×———2.97×—3.95%——
Nov 30, 2015Aug 31, 201326.5×—2.15×———3.11×—3.77%——
Oct 30, 2015Aug 31, 201325.91×—2.1×———3.04×—3.86%——
Sep 30, 2015Aug 31, 201324.9×—2.02×———2.92×—4.02%——
Aug 31, 2015Aug 31, 201326.34×—2.14×———3.09×—3.8%——
Jul 31, 2015Aug 31, 201327.44×—2.23×———3.22×—3.64%——
Jun 30, 2015Aug 31, 201326.41×—2.14×———3.1×—3.79%——
May 29, 2015Aug 31, 201324.13×—1.96×———2.83×—4.14%——
Apr 30, 2015Aug 31, 201323.7×—1.92×———2.78×—4.22%——
Mar 31, 2015Aug 31, 201326.81×—2.17×———3.14×—3.73%——
Feb 27, 2015Aug 31, 201325.98×—2.11×———3.05×—3.85%——
Jan 30, 2015Aug 31, 201323.24×—1.89×———2.72×—4.3%——
Dec 31, 2014Aug 31, 201323.19×—1.88×———2.72×—4.31%——
Nov 28, 2014Aug 31, 201324.44×—1.98×———2.87×—4.09%——
Oct 31, 2014Aug 31, 201322.29×—1.81×———2.61×—4.49%——
Sep 30, 2014Aug 31, 201320.09×—1.63×———2.36×—4.98%——
Aug 29, 2014Aug 31, 201320.27×—1.64×———2.38×—4.93%——
Jul 31, 2014Aug 31, 201318.75×—1.52×———2.2×—5.33%——
Jun 30, 2014Aug 31, 201321.72×—1.76×———2.55×—4.6%——
May 30, 2014Aug 31, 201321.16×—1.72×———2.48×—4.73%——
Apr 30, 2014Aug 31, 201319.97×—1.62×———2.34×—5.01%——
Mar 31, 2014Aug 31, 201320.5×—1.66×———2.4×—4.88%——
Feb 28, 2014Aug 31, 201322.71×—1.84×———2.66×—4.4%——
Jan 31, 2014Aug 31, 201320.78×—1.69×———2.44×—4.81%——
Dec 31, 2013Aug 31, 201320.47×—1.66×———2.4×—4.89%——
Nov 29, 2013Aug 31, 201318.5×—1.5×———2.17×—5.4%——
Oct 31, 2013Aug 31, 201318.39×—1.49×———2.16×—5.44%——
Sep 30, 2013May 31, 201319.95×—1.65×———2.24×—5.01%——
Aug 30, 2013May 31, 201317.92×—1.48×———2.01×—5.58%——
Jul 31, 2013May 31, 201319.09×—1.58×———2.14×—5.24%——
Jun 28, 2013Nov 30, 201212.05×—1.96×———2.36×—8.3%——
May 31, 2013Nov 30, 201213.15×—2.14×———2.57×—7.61%——
Apr 30, 2013Nov 30, 201213.78×—2.24×———2.7×—7.26%——
Mar 28, 2013Nov 30, 201213.87×—2.26×———2.71×—7.21%——
Feb 28, 2013Nov 30, 201212.9×—2.1×———2.52×—7.75%——
Jan 31, 2013Nov 30, 201213.89×—2.26×———2.72×—7.2%——
Dec 31, 2012Nov 30, 20110.08×—0×———0×—1,204.2%——
Nov 30, 2012Nov 30, 20110.08×—0×———0×—1,224.15%——
Oct 31, 2012Nov 30, 20110.08×—0×———0×—1,242.77%——
Sep 28, 2012Nov 30, 20110.07×—0×———0×—1,339.27%——
Aug 31, 2012Nov 30, 20110.07×—0×———0×—1,435.91%——
Jul 31, 2012Nov 30, 20110.06×—0×———0×—1,594.2%——
Jun 29, 2012Nov 30, 20110.07×—0×———0×—1,506.52%——
May 31, 2012Nov 30, 20110.06×—0×———0×—1,706.36%——
Apr 30, 2012Nov 30, 20110.06×—0×———0×—1,678.68%——
Mar 30, 2012Nov 30, 20110.06×—0×———0×—1,713.26%——
Feb 29, 2012Nov 30, 20110.05×—0×———0×—1,991.72%——
Jan 31, 2012Nov 30, 20110.05×—0×———0×—2,166.89%——
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Tooltip changes compare the preceding available trading close. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

Daily curves use completed, split-adjusted closes without dividend adjustment. TTM uses four complete fiscal quarters, or the prior annual report plus current YTD less prior YTD. Its supporting inputs must be filed before the price date. Diluted weighted shares are normalized for splits. Later restatements can delay availability; this is not a vintage-filings backtest. Fiscal period-end closes remain available when daily prices are missing.

Mean and median use every valid daily observation in the selected range (or valid fiscal observations in the fallback). Missing and undefined values are excluded; extreme values remain included. “Cheap” and “expensive” compare the latest positive multiple with its own median, with a 10% neutral band; yields use the opposite direction. These labels describe historical pricing, not intrinsic fair value. The table uses the last available trading close in each month, including the current partial month.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Market prices: Yahoo Finance · LEN, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

P/E
Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
PEG
Trailing P/E / year-over-year growth of TTM earnings per diluted share, expressed as a percentage number (20 for 20%). Each per-share basis uses TTM earnings attributable to common shareholders / split-normalized period diluted shares. Requires positive prior earnings and positive growth; uses reported history, not analyst forecasts.
P/S
Completed closing price × diluted shares / TTM revenue.
P/FCF
Completed closing price × diluted shares / TTM free cash flow. With Deduct SBC enabled, subtract reported SBC from FCF.
P/FCF / growth
Trailing P/FCF / year-over-year growth of TTM FCF per diluted share, expressed as a percentage number (20 for 20%). FCF = operating cash flow − cash capital investment; each per-share basis uses split-normalized period diluted shares. Requires positive prior FCF and positive growth. Deduct SBC subtracts reported SBC from both trailing years.
P/OCF
Completed closing price × diluted shares / TTM operating cash flow.
P/B
Completed closing price × diluted shares / period-end equity attributable to owners.
FCF yield
TTM FCF / (completed closing price × diluted shares) × 100. Reflects the SBC option.
Earnings yield
TTM earnings attributable to common shareholders / (completed closing price × diluted shares) × 100.
EV/Sales
(Completed closing price × diluted shares + debt − cash) / TTM revenue. A simplified EV proxy; excludes preferred equity and minority interests.
EV/EBITDA
(Completed closing price × diluted shares + debt − cash) / (TTM operating income + TTM reported depreciation and amortization).