Full text
Earnings transcript
Read the complete earnings call transcript.
KBH
KB Home
$43.3
-0.35
(-0.8%)
| Exchange: | NYSE |
| Market Cap: | 2.631B |
| Shares Outstanding: | 50M |
Delayed data
About The Company
| Sector: | Consumer CyclicalView sector performance | |||||
| Industry: | Residential ConstructionView industry performance | |||||
| CEO: | Robert V. McGibney | |||||
| Full Time Employees: | 2118 | |||||
| Address: |
| |||||
| Website: | https://www.kbhome.com |
KB Home functions as a prominent residential construction enterprise across the United States. Its operations are strategically divided into four key geographical areas: the West Coast, Southwest, Central, and Southeast regions. The company is engaged in both constructing and selling a wide range of housing types, from attached and detached single-family dwellings to multi-family options like townhouses and condominiums. It serves a diverse clientele, including individuals purchasing their first home, those seeking their first or second upgrade, and active adult homebuyers. Beyond its core building activities, KB Home also extends financial services, offering products such as insurance and title processing. Its operational reach spans numerous states, including Arizona, California, Colorado, Florida, Nevada, North Carolina, Texas, and Washington. Founded in 1957, the company was initially known as Kaufman and Broad Home Corporation before officially adopting the name KB Home in January 2001, with its corporate headquarters located in Los Angeles, California.
Click to read more…
Revenue Segmentation
KBH full analysis
Hey everyone, welcome back to MarketSnap. If you're thinking about buying KB Home at today's price, stop for a second. We're running it through the MarketSnap valuation model — the same checklist we'd use before risking real capital. Does the math justify the price, or is the market already ahead of itself? Let's dig in. KB Home is one of the largest residential builders in the country, but right now it's sitting in the middle of one of the toughest…
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 6,410,629 | 6,930,086 | 6,236,214 |
| Gross Profit | 1,374,628 | 1,472,470 | 1,171,434 |
| EBITDA | 807,690 | 888,190 | 591,492 |
| Operating Income | 742,534 | 785,622 | 525,252 |
| Net Income | 590,177 | 655,018 | 428,789 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 6,648,362 | 6,936,169 | 6,680,252 |
| Total Liabilities | 2,838,222 | 2,875,553 | 2,044,238 |
| Total Stockholders Equity | 3,810,140 | 4,060,616 | 3,900,858 |
| Total Debt | 1,716,429 | 1,712,538 | 1,692,977 |
| Cash and Cash Equivalents | 727,342 | 599,193 | 228,614 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,082,699 | 362,722 | 338,647 |
| Capital Expenditure | -35,468 | -39,311 | -48,400 |
| Free Cash Flow | 1,047,231 | 323,411 | 290,247 |
| Net Income | 590,177 | 655,018 | 428,789 |
| Net Change in Cash | 397,144 | -128,149 | -368,750 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 5,179,995.475 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 5,754,409.462 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 5,476,260.133 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 369,081.522 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 550,244.683 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 377,789.933 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 258,863.837 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 399,542.260 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 265,626.170 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 510,604.114 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 567,225.427 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 539,807.605 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 4.560 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 5.770 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 3.740 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 6 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 7 | Research Access | Research Access | Research Access | Research Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Return to core Build-To-Order (BTO) model positioned to improve gross margins and operational predictability.
- Disciplined execution emphasized in Q1 2026 earnings call to address market conditions while maintaining focus on core operations.
- Reported Q1 fiscal 2026 revenues provide baseline for assessing sequential execution under the revised model.
Log in with Research Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates KBH intrinsic value between $7.61 – $16.74 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about KBH valuation
Is KB Home (KBH) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for KB Home (KBH) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is KBH a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether KBH trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is KBH’s P/E ratio?
You can see KBH’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for KBH?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is KBH a good long-term investment?
Whether KBH fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
KBH
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-0.8
Trading Metrics:
| Open: | 43.8 | Previous Close: | 43.65 | |
| Day Low: | 43.06 | Day High: | 44.48 | |
| Year Low: | 40.92 | Year High: | 67.57 | |
| Price Avg 50: | 50.38 | Price Avg 200: | 54.36 | |
| Volume: | 1.195M | Average Volume: | 1.316M |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's free
