P/E ratio for Hovnanian Enterprises (HOV)
P/E ratio as of June 2023 (TTM): 2.99
According to Hovnanian Enterprises 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.99318. At the end of 2021 the company had a P/E ratio of 1.44.
P/E ratio history for Hovnanian Enterprises from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 1.44 | -67.62% |
| 2020 | 4.45 | -252.12% |
| 2019 | -2.93 | -104.3% |
| 2018 | 68.0 | -4669.13% |
| 2017 | -1.49 | -98.19% |
| 2016 | -82.2 | 399.5% |
| 2015 | -16.5 | -912.77% |
| 2014 | 2.02 | -93.58% |
| 2013 | 31.5 | -320.67% |
| 2012 | -14.3 | 2737.44% |
| 2011 | -0.5035 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 D. R. Horton
DHI | 7.50 | 150.46% | 🇺🇸 USA |
 Lennar LEN | 6.95 | 132.19% | 🇺🇸 USA |
 NVR NVR | 11.3 | 277.20% | 🇺🇸 USA |
 PulteGroup PHM | 5.96 | 98.98% | 🇺🇸 USA |
 Cavco Industries CVCO | 9.82 | 228.05% | 🇺🇸 USA |
 MDC Holdings
MDC | 6.17 | 106.29% | 🇺🇸 USA |
 Toll Brothers
TOL | 6.13 | 104.92% | 🇺🇸 USA |
 KB Home
KBH | 4.88 | 63.08% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.