Feed / KBH

KB Home

KBH

Consumer Cyclical · 46.69 -2.5% today

Isolated · not yet confirmedMarket checked 30 Sept, 15:00 GMT-4

Market read

No connected market move is active around KB Home.

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Company-2.5% todayVolume comparison unavailable
Market groupNo active group readNo durable group available
Disclosed network0 of 0 confirmingRelationship data unavailable
What would change this read
  • Housing gross profit margin fell to 15.2% from 19.3% year-over-year for the quarter, attributed to price reductions, higher land costs and reduced operating leverage.

Invalidation: The isolated read changes if KBH's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Consumer Cyclical · Residential Construction

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Housing gross profit margin fell to 15.2% from 19.3% year-over-year for the quarter, attributed to price reductions, higher land costs and reduced operating leverage.

Company research

Understand the business, not just the ticker

As of Sep 30, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations340
Usable filing statements247
Verified relationships0
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Latest annual revenue changed -10.0% year over year.
  • Net margin changed -2.6 percentage points in the latest annual period.
  • Demand and volume has repeated adverse evidence across 5 filings.
  • Pricing and mix has repeated adverse evidence across 5 filings.
Questions before a position
  • P/E is 24% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 52% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 29, 2026

47.44
6m-6.1%12m-25.0%24m—
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-11-30$5.7B+36.9%$6.01-0.5%
2022-11-30$6.9B+20.6%$9.09-4.5%
2023-11-30$6.4B-7.1%$7.03-6.7%
2024-11-30$6.9B+8.1%$8.45-7.7%
2025-11-30$6.2B-10.0%$6.15-10.0%

What management says matters

Persistent and emerging business drivers

Demand and volumenegative · 5 filings
“Reflecting demand for our personalized homes, supported in part by our achieving ongoing year-over-year build time improvements, we generated predominantly Built to Order net orders in both the 2026 first and second quarters, momentum that we believe will ena…”
10-Q · Jul 9, 2026 ↗
Pricing and mixnegative · 5 filings
“The housing gross profit margin declined year over year for both the three-month and six-month periods ended May 31, 2026, mainly due to price reductions, higher relative construction and land costs, and product and geographic mix.”
10-Q · Jul 9, 2026 ↗
Credit and interest ratespositive · 4 filings
“The cash used was partially offset by $200.0 million of net borrowings under the Credit Facility and $.4 million of issuances of common stock under employee stock plans.”
10-Q · Jul 9, 2026 ↗
Legal and regulatory exposuremixed · 3 filings
“As of February 28, 2026, we were in compliance with the applicable terms of all of our covenants and other requirements under the Credit Facility, the Term Loan, the senior notes, the indenture, the LOC Facility and the mortgages and land contracts due to 38…”
10-Q · Apr 9, 2026 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales 0.5× · EV/sales 0.5×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

46.69-2.5% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 30 Sept, 15:00 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for KBH. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for KBH. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind KBH

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

KBH is currently a Follower in the organic co-movement group Unknown Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.

This group is retained as the last observed read for KBH; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.