業種
Homebuilding
Homebuilding のすべてのレポート — 全 5 件。
37/100
71Buffett
Toll Brothers 詳細調査レポート
Toll Brothers は米国の高級住宅ビルダーであり、FY2026 Q2 の引き渡し平均価格は100.9万ドルと、米国新築住宅の平均価格のほぼ2倍である。FY2026 の引き渡し見通しは10400-10700戸、調整後粗利益率は約26%へ引き上げられ、表面的な P/E 11.2x は割安に見えるが、オーナー利益利回りは約7.3%にとどまり、成熟した景気循環株としては安全余裕が十分ではない。投資判断はホールド: 公正な価格の良い会社であり、理想的な買いゾーンである110-120ドル付近で再検討したい。
39/100
89Buffett
NVR Deep Value Investment Research
NVR is a U.S. asset-light homebuilder that sells homes through regional brands such as Ryan Homes while supporting buyers with in-house mortgage services. Its ROIC is far above peers and its capital allocation discipline is strong, but the business remains cyclical, rate-sensitive, and currently priced with a meaningful premium at about $6,105 per share. Research rating Watch: a high-quality compounder worth tracking, with an ideal buy range of $4,500 to $5,300.
39/100
71Buffett
PulteGroup Value Investing Research Report
The third-largest U.S. homebuilder, meaningfully higher quality than industry peers, still a narrow-moat cyclical stock. At $118.01 it sits close to fair value with an inadequate margin of safety. Rating Watch: a well-run operator worth tracking, not yet a buy.
41/100
Lennar Corporation: A Deep Value Investing Analysis
The second-largest U.S. homebuilder, with a sturdy balance sheet but operating in a highly cyclical industry with a weak moat. At about $89.75 — roughly 1x book value — the stock is neither expensive nor cheap. Rated Watch.
41/100
81Buffett
D.R. Horton Deep-Dive Value Investing Research
One of the largest new-home builders in the U.S.; in fiscal 2025 homebuilding contributed 92% of revenue and DHI Mortgage financed 81% of mortgages. At $145.6 the stock trades at 13.7x PE and 1.76x PB, neither cheap nor down to the conservative value of $80-95. Rating Watch; ideal buy $90-110.