Hovnanian Enterprises Inc (HOV) - Net Assets
Based on the latest financial reports, Hovnanian Enterprises Inc (HOV) has net assets worth $837.63 Million USD as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.73 Billion) and total liabilities ($1.90 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore Hovnanian Enterprises Inc operating cash flow efficiency to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $837.63 Million |
| % of Total Assets | 30.63% |
| Annual Growth Rate | 7.87% |
| 5-Year Change | 373.78% |
| 10-Year Change | N/A |
| Growth Volatility | 52.26 |
Hovnanian Enterprises Inc - Net Assets Trend (1985–2025)
This chart illustrates how Hovnanian Enterprises Inc's net assets have evolved over time, based on quarterly financial data. Explore Hovnanian Enterprises Inc strategic investment ratio to see how much of total assets are deployed in long-term investments.
Annual Net Assets for Hovnanian Enterprises Inc (1985–2025)
The table below shows the annual net assets of Hovnanian Enterprises Inc from 1985 to 2025. For live valuation and market cap data, see HOV market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | $830.93 Million | +3.82% |
| 2024-10-31 | $800.35 Million | +37.57% |
| 2023-10-31 | $581.79 Million | +51.88% |
| 2022-10-31 | $383.05 Million | +118.41% |
| 2021-10-31 | $175.38 Million | +140.22% |
| 2020-10-31 | $-436.09 Million | +10.96% |
| 2019-10-31 | $-489.78 Million | -8.00% |
| 2018-10-31 | $-453.50 Million | +1.49% |
| 2017-10-31 | $-460.37 Million | -258.24% |
| 2016-10-31 | $-128.51 Million | -0.33% |
| 2015-10-31 | $-128.08 Million | -8.73% |
| 2014-10-31 | $-117.80 Million | +72.78% |
| 2013-10-31 | $-432.80 Million | +10.83% |
| 2012-10-31 | $-485.35 Million | +2.27% |
| 2011-10-31 | $-496.60 Million | -46.95% |
| 2010-10-31 | $-337.94 Million | -6.84% |
| 2009-10-31 | $-316.31 Million | -188.82% |
| 2008-10-31 | $356.12 Million | -74.30% |
| 2007-10-31 | $1.39 Billion | -33.22% |
| 2006-10-31 | $2.07 Billion | +5.17% |
| 2005-10-31 | $1.97 Billion | +46.01% |
| 2004-10-31 | $1.35 Billion | +47.77% |
| 2003-10-31 | $914.25 Million | +62.52% |
| 2002-10-31 | $562.55 Million | +49.76% |
| 2001-10-31 | $375.65 Million | +42.64% |
| 2000-10-31 | $263.36 Million | +11.40% |
| 1999-10-31 | $236.40 Million | +17.38% |
| 1998-10-31 | $201.40 Million | +12.64% |
| 1997-10-31 | $178.80 Million | -7.64% |
| 1996-10-31 | $193.60 Million | +9.81% |
| 1995-10-31 | $176.30 Million | +8.76% |
| 1994-10-31 | $162.10 Million | -5.20% |
| 1993-10-31 | $171.00 Million | +12.57% |
| 1992-10-31 | $151.90 Million | +6.97% |
| 1991-10-31 | $142.00 Million | +13.24% |
| 1990-10-31 | $125.40 Million | +1.05% |
| 1989-10-31 | $124.10 Million | -2.36% |
| 1988-10-31 | $127.10 Million | +38.45% |
| 1987-10-31 | $91.80 Million | +33.43% |
| 1986-10-31 | $68.80 Million | +71.14% |
| 1985-10-31 | $40.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hovnanian Enterprises Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 288.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $127.33 Million | 15.32% |
| Common Stock | $73.00K | 0.01% |
| Other Components | $703.54 Million | 84.67% |
| Total Equity | $830.93 Million | 100.00% |
Hovnanian Enterprises Inc Competitors by Market Cap
The table below lists competitors of Hovnanian Enterprises Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wuhan Thalys Med Tech Co Ltd
SHG:603716
|
$581.18 Million |
|
ShaoYang Victor Hydraulics Co.Ltd
SHE:301079
|
$581.50 Million |
|
Solaer Israel Ltd
TA:SOLR
|
$581.51 Million |
|
CCCG Real Estate Corp Ltd
SHE:000736
|
$581.60 Million |
|
Heren Health Co Ltd
SHE:300550
|
$580.92 Million |
|
Kangping Technology (Suzhou) Co. Ltd.
SHE:300907
|
$580.88 Million |
|
Opthea Ltd
AU:OPT
|
$580.76 Million |
|
MMTEC Inc
NASDAQ:MTC
|
$580.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hovnanian Enterprises Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 800,349,000 to 830,935,000, a change of 30,586,000 (3.8%).
- Net income of 63,865,000 contributed positively to equity growth.
- Dividend payments of 10,675,000 reduced retained earnings.
- Share repurchases of 30,244,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $63.87 Million | +7.69% |
| Dividends Paid | $10.68 Million | -1.28% |
| Share Repurchases | $30.24 Million | -3.64% |
| Other Changes | $7.64 Million | +0.92% |
| Total Change | $- | 3.82% |
Book Value vs Market Value Analysis
This analysis compares Hovnanian Enterprises Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.88x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.52x to 0.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-10-31 | $24.94 | $112.75 | x |
| 1986-10-31 | $34.06 | $112.75 | x |
| 1987-10-31 | $54.81 | $112.75 | x |
| 1988-10-31 | $76.21 | $112.75 | x |
| 1989-10-31 | $74.96 | $112.75 | x |
| 1990-10-31 | $68.88 | $112.75 | x |
| 1991-10-31 | $80.73 | $112.75 | x |
| 1992-10-31 | $83.37 | $112.75 | x |
| 1993-10-31 | $93.70 | $112.75 | x |
| 1994-10-31 | $88.01 | $112.75 | x |
| 1995-10-31 | $95.34 | $112.75 | x |
| 1996-10-31 | $104.91 | $112.75 | x |
| 1997-10-31 | $98.98 | $112.75 | x |
| 1998-10-31 | $114.52 | $112.75 | x |
| 1999-10-31 | $136.73 | $112.75 | x |
| 2000-10-31 | $149.34 | $112.75 | x |
| 2001-10-31 | $168.95 | $112.75 | x |
| 2002-10-31 | $218.69 | $112.75 | x |
| 2003-10-31 | $321.42 | $112.75 | x |
| 2004-10-31 | $457.68 | $112.75 | x |
| 2005-10-31 | $752.34 | $112.75 | x |
| 2006-10-31 | $748.85 | $112.75 | x |
| 2007-10-31 | $523.87 | $112.75 | x |
| 2008-10-31 | $117.73 | $112.75 | x |
| 2009-10-31 | $-111.71 | $112.75 | x |
| 2010-10-31 | $-106.22 | $112.75 | x |
| 2011-10-31 | $-123.62 | $112.75 | x |
| 2012-10-31 | $-96.08 | $112.75 | x |
| 2013-10-31 | $-66.72 | $112.75 | x |
| 2014-10-31 | $-18.13 | $112.75 | x |
| 2015-10-31 | $-21.80 | $112.75 | x |
| 2016-10-31 | $-21.79 | $112.75 | x |
| 2017-10-31 | $-77.92 | $112.75 | x |
| 2018-10-31 | $-74.29 | $112.75 | x |
| 2019-10-31 | $-82.07 | $112.75 | x |
| 2020-10-31 | $-66.24 | $112.75 | x |
| 2021-10-31 | $27.43 | $112.75 | x |
| 2022-10-31 | $56.93 | $112.75 | x |
| 2023-10-31 | $87.27 | $112.75 | x |
| 2024-10-31 | $114.22 | $112.75 | x |
| 2025-10-31 | $128.85 | $112.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hovnanian Enterprises Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.69%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.14%
- • Asset Turnover: 1.13x
- • Equity Multiplier: 3.17x
- Recent ROE (7.69%) is below the historical average (9.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 28.61% | 5.00% | 0.97x | 5.89x | $7.48 Million |
| 1986 | 26.89% | 6.45% | 1.03x | 4.04x | $11.62 Million |
| 1987 | 28.54% | 8.69% | 0.95x | 3.47x | $17.02 Million |
| 1988 | 20.61% | 7.07% | 0.78x | 3.74x | $13.49 Million |
| 1989 | 17.57% | 5.31% | 0.90x | 3.68x | $9.39 Million |
| 1990 | -12.12% | -5.52% | 0.63x | 3.49x | $-27.74 Million |
| 1991 | 1.76% | 0.78% | 0.80x | 2.81x | $-11.70 Million |
| 1992 | 6.45% | 2.28% | 0.92x | 3.06x | $-5.39 Million |
| 1993 | 10.88% | 3.17% | 1.09x | 3.16x | $1.50 Million |
| 1994 | -6.42% | -2.69% | 0.63x | 3.78x | $-26.61 Million |
| 1995 | 8.00% | 1.81% | 1.20x | 3.66x | $-3.53 Million |
| 1996 | 8.94% | 2.14% | 1.31x | 3.17x | $-2.06 Million |
| 1997 | -3.91% | -0.89% | 1.23x | 3.56x | $-24.88 Million |
| 1998 | 12.66% | 2.71% | 1.60x | 2.93x | $5.36 Million |
| 1999 | 12.69% | 3.16% | 1.33x | 3.02x | $6.36 Million |
| 2000 | 12.59% | 2.91% | 1.30x | 3.32x | $6.83 Million |
| 2001 | 16.95% | 3.66% | 1.64x | 2.83x | $26.12 Million |
| 2002 | 24.48% | 5.40% | 1.52x | 2.98x | $81.44 Million |
| 2003 | 31.40% | 8.04% | 1.37x | 2.85x | $175.41 Million |
| 2004 | 29.24% | 8.38% | 1.32x | 2.65x | $229.44 Million |
| 2005 | 23.92% | 8.82% | 1.13x | 2.39x | $274.59 Million |
| 2006 | 7.70% | 2.43% | 1.12x | 2.82x | $-44.68 Million |
| 2007 | -47.44% | -13.07% | 1.06x | 3.44x | $-759.30 Million |
| 2008 | -340.51% | -33.99% | 0.91x | 11.01x | $-1.16 Billion |
| 2009 | 0.00% | -44.90% | 0.79x | 0.00x | $-681.75 Million |
| 2010 | 0.00% | 0.19% | 0.75x | 0.00x | $36.44 Million |
| 2011 | 0.00% | -25.21% | 0.71x | 0.00x | $-236.42 Million |
| 2012 | 0.00% | -4.46% | 0.88x | 0.00x | $-17.64 Million |
| 2013 | 0.00% | 1.69% | 1.05x | 0.00x | $74.62 Million |
| 2014 | 0.00% | 14.89% | 0.90x | 0.00x | $318.92 Million |
| 2015 | 0.00% | -0.75% | 0.83x | 0.00x | $-3.29 Million |
| 2016 | 0.00% | -0.10% | 1.16x | 0.00x | $10.03 Million |
| 2017 | 0.00% | -13.55% | 1.29x | 0.00x | $-286.16 Million |
| 2018 | 0.00% | 0.23% | 1.20x | 0.00x | $49.87 Million |
| 2019 | 0.00% | -2.09% | 1.07x | 0.00x | $6.86 Million |
| 2020 | 0.00% | 2.17% | 1.28x | 0.00x | $94.54 Million |
| 2021 | 346.56% | 21.84% | 1.20x | 13.23x | $590.28 Million |
| 2022 | 58.87% | 7.72% | 1.14x | 6.69x | $187.18 Million |
| 2023 | 35.39% | 7.47% | 1.11x | 4.29x | $147.72 Million |
| 2024 | 30.24% | 8.05% | 1.15x | 3.26x | $161.97 Million |
| 2025 | 7.69% | 2.14% | 1.13x | 3.17x | $-19.23 Million |
Industry Comparison
This section compares Hovnanian Enterprises Inc's net assets metrics with peer companies in the Residential Construction industry.
Industry Context
- Industry: Residential Construction
- Average net assets among peers: $895,026,222
- Average return on equity (ROE) among peers: -2.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hovnanian Enterprises Inc (HOV) | $837.63 Million | 28.61% | 2.26x | $581.05 Million |
| Beazer Homes USA Inc (BZH) | $1.10 Billion | 14.38% | 1.19x | $645.62 Million |
| Cavco Industries Inc (CVCO) | $1.06 Billion | 16.07% | 0.32x | $3.76 Billion |
| Dream Finders Homes Inc (DFH) | $644.65 Million | 40.69% | 2.68x | $522.69 Million |
| DR Horton Inc (DHI) | $552.80 Million | 16.90% | 2.02x | $42.94 Billion |
| Green Brick Partners Inc (GRBK) | $485.63 Million | 10.63% | 0.61x | $2.97 Billion |
| Installed Building Products Inc (IBP) | $5.94 Million | -151.24% | 20.47x | $5.76 Billion |
| KB Home (KBH) | $672.90 Million | 14.16% | 1.76x | $3.14 Billion |
| Legacy Housing Corp (LEGH) | $222.39 Million | 12.97% | 0.28x | $553.64 Million |
| Lennar Corporation (LEN) | $3.30 Billion | 2.79% | 1.77x | $19.63 Billion |
About Hovnanian Enterprises Inc
Hovnanian Enterprises, Inc., through its subsidiaries, designs, constructs, markets, and sells residential homes in the United States. It offers single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes with amenities, such as clubhouses, swimming pools, tennis courts, tot lots, and open areas. The company markets and builds homes for first-time b… Read more