---
title: NVR (NVR) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/nvr
ticker: NVR
as_of: 2026-10-17
sector: Consumer Cyclical
industry: Residential Construction
---
# NVR (NVR)

NVR (NVR) closed at $5,919.82 on Oct 16, 2026, undervalued by 31% vs its model value of $8,627.79 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $5,919.82 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $8,627.79 |
| Price vs model | undervalued by 31% vs model |
| Range of that model | $6,335.97 – $14,856.28 |
| Market value | $15.9B |
| P/E (fiscal 2025) | 13.6 |
| Net margin (fiscal 2025) | 13.0% |
| Free cash flow (fiscal 2025) | $1.1B |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 0.90 |
| Cost of capital (WACC) | 8.96% |
| Business classification | Cyclical (Low/slowing growth (~4% recent), Moderate margins (13% net margin), Moderately volatile earnings, Strong FCF yield (6.9%)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Insider buying | #31 | $405,185 | https://sweetvaluelab.com/lists/insider-buying |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $8,627.79 | $6,335.97 | $14,856.28 |
| DCF · Perpetuity growth · 10y | cross check | $8,922.93 | $6,691.72 | $14,863.14 |
| DCF · EBITDA exit · 5y | cross check | $7,645.30 | $5,366.42 | $10,336.46 |
| DCF · EBITDA exit · 10y | cross check | $8,168.90 | $6,012.19 | $11,056.68 |
| P/E · peers | cross check | $5,432.53 | $4,479.83 | $6,147.12 |
| P/E · own history | cross check | $5,796.76 | $5,272.72 | $6,511.47 |
| PEG | sanity check | $2,870.26 | $2,870.26 | $2,870.26 |
| EV/EBITDA · peers | cross check | $6,032.05 | $4,954.43 | $10,785.21 |
| EV/Revenue · peers | cross check | $3,053.45 | $2,226.02 | $3,878.76 |
| Earnings power value | cross check | $5,319.38 | $4,647.88 | $6,260.99 |
| Dividend discount | cross check | $0.00 | $0.00 | $0.00 |

## Insider activity (SEC Form 4)

Past 90 days: 1 open-market buy ($405,185.1) and 0 open-market sales ($0); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Aug 7, 2026 | Oliver George | Director | Open-market buy | 63 | $405,185.1 |
| Jul 30, 2026 | Martinez Melquiades R. | Director | Bona fide gift | 29 | $0 |
| May 29, 2026 | Ross Susan Williamson | Director | Option/RSU exercise | 238 | $404,600 |
| May 29, 2026 | Ross Susan Williamson | Director | Option/RSU exercise | 238 | $0 |
| May 14, 2026 | SAVILLE PAUL C | Executive Chairman | Grant / award | 2,619 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 5, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/906163/000090616326000093/nvr-20260630.htm |
| Jul 23, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/906163/000090616326000086/nvr-20260723.htm |
| May 15, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/906163/000090616326000051/nvr-20260514.htm |
| May 8, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/906163/000090616326000044/nvr-20260507.htm |
| May 6, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/906163/000090616326000040/nvr-20260331.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Francois Rochon | 2026-06-30 | 13,238 | $90.2M |
| Thomas Gayner | 2026-06-30 | 12,097 | $82.4M |
| Buffett | 2026-06-30 | 11,112 | $75.7M |
| Bridgewater | 2026-06-30 | 431 | $2.9M |

4 tracked managers in all.

## About

NVR, Inc. functions as a prominent home construction company within the United States, organized into two primary divisions: homebuilding and mortgage banking. Within its homebuilding segment, the company develops and sells various residential units, including detached houses, townhouses, and condominium complexes, marketed under the brand names Ryan Homes, NVHomes, and Heartland Homes. Ryan Homes typically targets individuals purchasing their first home or those in their initial property upgrade, while NVHomes and Heartland Homes cater to a more affluent clientele of move-up and luxury buyers. Additionally, NVR offers a range of financial services to its homebuilding customers through its mortgage banking arm, which includes brokering title insurance, performing title searches for loan settlements, and transferring mortgage loans to investors in the secondary markets without retaining s…

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Source: https://sweetvaluelab.com/stocks/nvr (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.