KB Home (KBH) - Net Assets
Based on the latest financial reports, KB Home (KBH) has net assets worth $3.90 Billion USD as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.72 Billion) and total liabilities ($2.82 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. Also explore KBH asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.90 Billion |
| % of Total Assets | 58.04% |
| Annual Growth Rate | 9.62% |
| 5-Year Change | 29.19% |
| 10-Year Change | 126.38% |
| Growth Volatility | 38.01 |
KB Home - Net Assets Trend (1985–2025)
This chart illustrates how KB Home's net assets have evolved over time, based on quarterly financial data. Check KBH goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for KB Home (1985–2025)
The table below shows the annual net assets of KB Home from 1985 to 2025. For live valuation and market cap data, see KB Home market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | $3.90 Billion | -3.93% |
| 2024-11-30 | $4.06 Billion | +6.57% |
| 2023-11-30 | $3.81 Billion | +4.08% |
| 2022-11-30 | $3.66 Billion | +21.24% |
| 2021-11-30 | $3.02 Billion | +13.27% |
| 2020-11-30 | $2.67 Billion | +11.86% |
| 2019-11-30 | $2.38 Billion | +14.16% |
| 2018-11-30 | $2.09 Billion | +8.37% |
| 2017-11-30 | $1.93 Billion | +11.79% |
| 2016-11-30 | $1.72 Billion | +1.91% |
| 2015-11-30 | $1.69 Billion | +5.95% |
| 2014-11-30 | $1.60 Billion | +197.70% |
| 2013-11-30 | $536.09 Million | +42.27% |
| 2012-11-30 | $376.81 Million | -14.88% |
| 2011-11-30 | $442.66 Million | -29.95% |
| 2010-11-30 | $631.88 Million | -10.65% |
| 2009-11-30 | $707.22 Million | -14.85% |
| 2008-11-30 | $830.61 Million | -55.12% |
| 2007-11-30 | $1.85 Billion | -36.68% |
| 2006-11-30 | $2.92 Billion | +0.14% |
| 2005-11-30 | $2.92 Billion | +33.72% |
| 2004-11-30 | $2.18 Billion | +29.76% |
| 2003-11-30 | $1.68 Billion | +24.73% |
| 2002-11-30 | $1.35 Billion | +16.65% |
| 2001-11-30 | $1.16 Billion | +28.26% |
| 2000-11-30 | $901.38 Million | +2.92% |
| 1999-11-30 | $875.78 Million | +30.15% |
| 1998-11-30 | $672.90 Million | +74.78% |
| 1997-11-30 | $385.00 Million | +12.80% |
| 1996-11-30 | $341.30 Million | -18.43% |
| 1995-11-30 | $418.40 Million | +2.80% |
| 1994-11-30 | $407.00 Million | -11.68% |
| 1993-11-30 | $460.80 Million | +37.14% |
| 1992-11-30 | $336.00 Million | +8.18% |
| 1991-11-30 | $310.60 Million | +10.77% |
| 1990-11-30 | $280.40 Million | +38.13% |
| 1989-11-30 | $203.00 Million | -12.46% |
| 1988-11-30 | $231.90 Million | +22.44% |
| 1987-11-30 | $189.40 Million | +21.64% |
| 1986-11-30 | $155.70 Million | +57.27% |
| 1985-11-30 | $99.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to KB Home'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 362963800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.63 Billion | 93.05% |
| Common Stock | $74.48 Million | 1.91% |
| Other Comprehensive Income | $-3.54 Million | -0.09% |
| Other Components | $200.28 Million | 5.13% |
| Total Equity | $3.90 Billion | 100.00% |
KB Home Competitors by Market Cap
The table below lists competitors of KB Home ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EASYJET PLC SP.ADR NEW/4
F:EJTS
|
$3.49 Billion |
|
Shenzhen Huaqiang Industry Co Ltd
SHE:000062
|
$3.49 Billion |
|
CommVault Systems Inc
NASDAQ:CVLT
|
$3.49 Billion |
|
APERAM S.A. NY SHS/1 O.N.
F:7AAN
|
$3.49 Billion |
|
Aperam SA
AS:APAM
|
$3.48 Billion |
|
Incitec Pivot Ltd
AU:IPL
|
$3.48 Billion |
|
SkyWest Inc
NASDAQ:SKYW
|
$3.48 Billion |
|
KINGS.CLOUD HLD.SP.ADR/15
F:KS7
|
$3.48 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KB Home's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,060,616,000 to 3,900,858,000, a change of -159,758,000 (-3.9%).
- Net income of 428,789,000 contributed positively to equity growth.
- Dividend payments of 68,574,000 reduced retained earnings.
- Share repurchases of 541,303,000 reduced equity.
- Other comprehensive income increased equity by 166,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $428.79 Million | +10.99% |
| Dividends Paid | $68.57 Million | -1.76% |
| Share Repurchases | $541.30 Million | -13.88% |
| Other Comprehensive Income | $166.00K | +0.0% |
| Other Changes | $21.16 Million | +0.54% |
| Total Change | $- | -3.93% |
Book Value vs Market Value Analysis
This analysis compares KB Home'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: 0.98x
- 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 27.86x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-11-30 | $1.98 | $55.16 | x |
| 1986-11-30 | $2.88 | $55.16 | x |
| 1987-11-30 | $3.51 | $55.16 | x |
| 1988-11-30 | $4.25 | $55.16 | x |
| 1989-11-30 | $3.38 | $55.16 | x |
| 1990-11-30 | $4.23 | $55.16 | x |
| 1991-11-30 | $4.49 | $55.16 | x |
| 1992-11-30 | $4.30 | $55.16 | x |
| 1993-11-30 | $6.40 | $55.16 | x |
| 1994-11-30 | $5.04 | $55.16 | x |
| 1995-11-30 | $5.21 | $55.16 | x |
| 1996-11-30 | $4.28 | $55.16 | x |
| 1997-11-30 | $4.91 | $55.16 | x |
| 1998-11-30 | $5.78 | $55.16 | x |
| 1999-11-30 | $7.06 | $55.16 | x |
| 2000-11-30 | $8.17 | $55.16 | x |
| 2001-11-30 | $14.02 | $55.16 | x |
| 2002-11-30 | $14.49 | $55.16 | x |
| 2003-11-30 | $18.90 | $55.16 | x |
| 2004-11-30 | $24.39 | $55.16 | x |
| 2005-11-30 | $31.38 | $55.16 | x |
| 2006-11-30 | $35.27 | $55.16 | x |
| 2007-11-30 | $23.97 | $55.16 | x |
| 2008-11-30 | $10.71 | $55.16 | x |
| 2009-11-30 | $9.23 | $55.16 | x |
| 2010-11-30 | $8.22 | $55.16 | x |
| 2011-11-30 | $5.75 | $55.16 | x |
| 2012-11-30 | $4.89 | $55.16 | x |
| 2013-11-30 | $5.86 | $55.16 | x |
| 2014-11-30 | $16.07 | $55.16 | x |
| 2015-11-30 | $16.44 | $55.16 | x |
| 2016-11-30 | $17.90 | $55.16 | x |
| 2017-11-30 | $19.59 | $55.16 | x |
| 2018-11-30 | $20.66 | $55.16 | x |
| 2019-11-30 | $25.40 | $55.16 | x |
| 2020-11-30 | $28.33 | $55.16 | x |
| 2021-11-30 | $32.26 | $55.16 | x |
| 2022-11-30 | $40.97 | $55.16 | x |
| 2023-11-30 | $45.70 | $55.16 | x |
| 2024-11-30 | $52.77 | $55.16 | x |
| 2025-11-30 | $56.33 | $55.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KB Home 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): 10.99%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.88%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.72x
- Recent ROE (10.99%) is above the historical average (8.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 23.33% | 6.47% | 1.00x | 3.62x | $13.20 Million |
| 1986 | 17.73% | 5.51% | 1.14x | 2.83x | $12.03 Million |
| 1987 | 18.74% | 5.28% | 1.23x | 2.89x | $16.56 Million |
| 1988 | 20.70% | 5.31% | 1.50x | 2.60x | $24.81 Million |
| 1989 | 43.55% | 6.43% | 0.85x | 7.96x | $62.71 Million |
| 1990 | 17.02% | 2.92% | 0.88x | 6.59x | $16.46 Million |
| 1991 | 10.27% | 2.17% | 0.89x | 5.32x | $690.00K |
| 1992 | 8.86% | 2.58% | 0.76x | 4.50x | $-3.64 Million |
| 1993 | 8.98% | 3.22% | 0.92x | 3.01x | $-4.53 Million |
| 1994 | 11.51% | 3.56% | 0.90x | 3.59x | $6.13 Million |
| 1995 | 7.00% | 2.13% | 0.87x | 3.79x | $-12.45 Million |
| 1996 | -17.98% | -3.49% | 1.41x | 3.65x | $-95.24 Million |
| 1997 | 15.19% | 3.16% | 1.30x | 3.70x | $19.89 Million |
| 1998 | 20.08% | 3.97% | 1.29x | 3.92x | $47.85 Million |
| 1999 | 21.80% | 3.86% | 1.43x | 3.94x | $79.84 Million |
| 2000 | 32.07% | 5.42% | 1.37x | 4.32x | $144.48 Million |
| 2001 | 19.61% | 4.76% | 1.22x | 3.38x | $104.97 Million |
| 2002 | 24.67% | 6.36% | 1.23x | 3.16x | $186.91 Million |
| 2003 | 23.28% | 6.34% | 1.38x | 2.66x | $211.48 Million |
| 2004 | 23.39% | 6.82% | 1.21x | 2.84x | $275.33 Million |
| 2005 | 30.37% | 8.92% | 1.22x | 2.79x | $565.04 Million |
| 2006 | 16.50% | 4.38% | 1.19x | 3.17x | $190.08 Million |
| 2007 | -50.22% | -14.48% | 1.12x | 3.08x | $-1.11 Billion |
| 2008 | -117.52% | -32.17% | 0.75x | 4.87x | $-1.06 Billion |
| 2009 | -14.39% | -5.58% | 0.53x | 4.86x | $-172.51 Million |
| 2010 | -10.98% | -4.36% | 0.51x | 4.92x | $-132.56 Million |
| 2011 | -40.39% | -13.69% | 0.52x | 5.68x | $-223.03 Million |
| 2012 | -15.65% | -3.78% | 0.61x | 6.80x | $-96.63 Million |
| 2013 | 7.45% | 1.91% | 0.66x | 5.96x | $-13.65 Million |
| 2014 | 57.54% | 38.25% | 0.50x | 2.98x | $758.76 Million |
| 2015 | 5.01% | 2.79% | 0.60x | 2.97x | $-84.44 Million |
| 2016 | 6.13% | 2.94% | 0.70x | 2.98x | $-66.70 Million |
| 2017 | 9.38% | 4.13% | 0.87x | 2.62x | $-12.04 Million |
| 2018 | 8.16% | 3.75% | 0.90x | 2.43x | $-38.38 Million |
| 2019 | 11.28% | 5.90% | 0.91x | 2.10x | $30.46 Million |
| 2020 | 11.11% | 7.08% | 0.78x | 2.01x | $29.67 Million |
| 2021 | 18.70% | 9.86% | 0.98x | 1.93x | $262.80 Million |
| 2022 | 22.31% | 11.83% | 1.04x | 1.82x | $450.59 Million |
| 2023 | 15.49% | 9.21% | 0.96x | 1.74x | $209.16 Million |
| 2024 | 16.13% | 9.45% | 1.00x | 1.71x | $248.96 Million |
| 2025 | 10.99% | 6.88% | 0.93x | 1.72x | $38.70 Million |
Industry Comparison
This section compares KB Home's net assets metrics with peer companies in the Residential Construction industry.
Industry Context
- Industry: Residential Construction
- Average net assets among peers: $544,891,222
- Average return on equity (ROE) among peers: 21.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KB Home (KBH) | $3.90 Billion | 23.33% | 0.72x | $3.48 Billion |
| Beazer Homes USA Inc (BZH) | $799.51 Million | 15.34% | 1.37x | $739.11 Million |
| Cavco Industries Inc (CVCO) | $831.28 Million | 9.22% | 0.39x | $4.41 Billion |
| Dream Finders Homes Inc (DFH) | $1.09 Billion | 27.24% | 1.36x | $515.25 Million |
| DR Horton Inc (DHI) | $802.39 Million | 19.92% | 1.94x | $41.69 Billion |
| Green Brick Partners Inc (GRBK) | $1.11 Billion | 26.25% | 0.49x | $3.04 Billion |
| Hovnanian Enterprises Inc (HOV) | $-485.35 Million | 0.00% | 0.00x | $632.90 Million |
| Installed Building Products Inc (IBP) | $9.58 Million | 63.04% | 18.94x | $5.39 Billion |
| Legacy Housing Corp (LEGH) | $309.39 Million | 16.12% | 0.19x | $616.66 Million |
| Lennar Corporation (LEN) | $439.00 Million | 19.23% | 2.06x | $17.66 Billion |
About KB Home
KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 49 markets, have built over 700,000 quality homes in our nearly 70-year history, and are honored to be the No 1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional hom… Read more