Futures and Commodity Market News reports that SmarTrend, that inveterate follower of 5,000 stocks daily, says Cavco Industries (NASDAQ:CVCO) has the lowest Forward Earnings Yield (FEY) in the homebuilding industry. Based on projected earnings for the year, Cavco is at 0.11% FEY, followed by Meritage (NYSE:MTH) at 0.14%, and Toll Brothers (NYSE:TOL) at 1.04%. DR Horton (NYSE:DHI) ranked fourth lowest with FEY of 2.47% and Lennar (NYSE:LEN), the best of the lowest, at 3.18% estimated Forward Earnings Yield. The FEY is a useful tool to measure the comparative value of assets.
(Graphic credit: Cavco)