S&P 500 comparison · Consumer Discretionary

Lennar vs PulteGroup

Prices at close . Model readings .

Lennar

$83.45−1.34%
Month: negativeLong run: positive

PulteGroup

$119.71−1.58%
Month: positive
Price change

Price change, with the S&P 500 as a benchmark

Percent change in each close since the start of the chosen range, for both companies and the S&P 500 (SPY). Daily closes over the last year, weekly before that and monthly before five years.

In short

How the two compare

On the latest closes (28 Oct 2026), PulteGroup is the larger company by market value ($22.49B against $19.85B). Over the past year Lennar returned −34.1% and PulteGroup +0.1%, while the S&P 500 returned +12.7%. The latest filed P/E is 11.3 for Lennar and 10.3 for PulteGroup, and the operating margin -6.3% against 15.1%. Over the next 21 sessions the model expects −0.47% for Lennar, with a 21% chance of a rise, and +0.15% for PulteGroup, with a 55% chance. Lennar's long-run fair value is $104.61, a gap of +25.4% to its price; the long-run model view is positive. PulteGroup has no published fair value today.

Model view

What the model expects

Expected returns and the chance of a rise from our forecasting models, and the long-run fair value against the price. Readings, not advice.

Model readings:
Expected returnnext 21 sessions
LEN−0.47%
PHM+0.15%
Chance of a risenext 21 sessions
LEN21%
PHM55%
Expected returnnext 63 sessions
LEN−0.3%
PHM+1.34%
Range of outcomes63 sessions, 80% band
LEN−29.1% to +28.5%
PHM−21.4% to +24%
Chance of a risenext 63 sessionsMembers only · see plans
Long-run fair valueintrinsic value model
LEN$104.6128 Oct 2026
PHM—The model's fair value falls outside its own interval or at the gap clamp, so it is not a measurement.
Gap to pricefair value against the close
LEN+25.4%
PHM—The model's fair value falls outside its own interval or at the gap clamp, so it is not a measurement.
Past readings that matchedsign of the 21-session outcome
LEN58.4%of 269
PHM49.3%of 269
Price performance

How the prices moved

Price change over each period, with the S&P 500 (SPY) for comparison.

Closes to
1 monthS&P 500: +1.1%
LEN+0.5%
PHM+1%
6 monthsS&P 500: +8.5%
LEN−5.4%
PHM−0.6%
Year to dateS&P 500: +13.3%
LEN−17.5%
PHM+2.5%
1 yearS&P 500: +12.7%
LEN−34.1%
PHM+0.1%
5 yearsS&P 500: +70.7%
LEN−8.9%
PHM+149.3%
1 year against the S&P 500percentage points
LEN−46.9 pts
PHM−12.6 pts
Position in the 52-week range0% low, 100% high
LEN19%close $83.45 in $71.78 to $131.68
PHM34%close $119.71 in $107.16 to $143.89
Against the 200-day average
LEN−8.3%
PHM−3.4%
Valuation

What the market pays

Size and the multiples from the latest filed quarter. A P/E on losses reads n/m.

Filings: quarter to (LEN), (PHM)
Market value
LEN$19.85B28 Oct 2026
PHM$22.49B28 Oct 2026
Enterprise valueat the last filing
LEN$24.20B31 Aug 2026
PHM$20.47B30 Sep 2026
P/Elatest filed
LEN11.3
PHM10.3
Price to book
LEN0.92
PHM1.66
EV / EBITDA
LEN-13.53
PHM3.15
Free cash flow yield
LEN4.05%
PHM5.96%
Dividend yield
LEN2.46%
PHM0.89%
Questions

Lennar or PulteGroup: common questions

Which is larger by market value, Lennar or PulteGroup?

PulteGroup, at $22.49B against $19.85B for Lennar, on the latest closes (28 Oct 2026).

Which has the higher P/E ratio, Lennar or PulteGroup?

Lennar has the higher latest filed P/E, 11.3; PulteGroup's is 10.3. Filings: quarter to 31 Aug 2026 and 30 Sep 2026.

How did Lennar and PulteGroup move over the past year against the S&P 500?

Over the past year Lennar returned −34.1% and PulteGroup +0.1%, while the S&P 500 returned +12.7%. Prices at close 28 Oct 2026.

What does the model expect for Lennar and PulteGroup over the next month?

−0.47% for Lennar with a 21% chance of a rise, and +0.15% for PulteGroup with a 55% chance, over the next 21 sessions. Model readings 28 Oct 2026. These are model readings, not advice.

How do the operating margins of Lennar and PulteGroup compare?

The operating margin is -6.3% for Lennar and 15.1% for PulteGroup, and the gross margin 5.7% against 26.9%. Filings: quarter to 31 Aug 2026 and 30 Sep 2026.

Do Lennar and PulteGroup shares move together?

Over the past year the correlation of their daily returns was 0.85 (closely together); 1 means they always move together, 0 unrelated, −1 opposite. Prices at close 28 Oct 2026.

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The two company pagesLennar (LEN) forecast and analysisPulteGroup (PHM) forecast and analysis
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Model readings are research estimates, not investment advice. Prices: daily closes. Fundamentals: the latest SEC filings. Short interest: FINRA, settlement 30 Sep 2026. A dash means the figure is not in our data; it is never shown as zero. The model view follows a published rule: next month by the sign of the expected return, the long run positive at a fair value 10% or more above the price and negative at 10% or more below it.