Kb Home (KBH) intrinsic value & 10-year financials
Kb Home (KBH) has a Graham intrinsic value of $204.28 per share. At $43.30 on Oct 17, 2026, the stock trades 79% below that value. Over the last 10 fiscal years revenue grew 6.3% a year to $6.2B, with an average return on invested capital of 13.6%.
- Graham intrinsic value
- $204.28
- Share price (Oct 17, 2026)
- $43.30
- Price vs Graham value
- 79% below
- Market cap
- $3.0B
- Revenue (FY2025)
- $6.2B
- Revenue growth (10-yr CAGR)
- 6.3%
- ROIC (10-yr avg)
- 13.6%
- Free cash flow (FY2025)
- $287.3M
KBH 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $6.2B | $428.8M | $6.15 | $287.3M | — | 10.8% |
| FY2024 | $6.9B | $655.0M | $8.45 | $323.4M | — | 16.6% |
| FY2023 | $6.4B | $590.2M | $7.03 | $1.0B | — | 15.8% |
| FY2022 | $6.9B | $816.7M | $9.09 | $138.2M | — | 24.5% |
| FY2021 | $5.7B | $564.7M | $6.01 | -$76.7M | — | 19.9% |
| FY2020 | $4.2B | $296.2M | $3.13 | $281.8M | — | 11.7% |
| FY2019 | $4.6B | $268.8M | $2.85 | $210.6M | — | 12.0% |
| FY2018 | $4.5B | $170.4M | $1.71 | $214.1M | 7.6% | 8.6% |
| FY2017 | $4.4B | $180.6M | $1.85 | — | 6.5% | 9.7% |
| FY2016 | $3.6B | $105.6M | $1.12 | — | 4.2% | 6.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
KB HOME has demonstrated mature, steady growth, with revenue compounding at 6.3% annually over the past decade.
KB HOME returns on capital have been average, hovering around 13.6% ROIC over the decade.
Over the decade, KB HOME shows that management has aggressively returned capital to shareholders by retiring 28.1% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, KB HOME is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $204.28 per share.