Toll Brothers, Inc.

Toll Brothers, Inc.

TOLยทNYSE

$137.38

-1.5%
Consumer CyclicalResidential Construction

Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living. In addition, the company develops, owns, and operates golf courses and country clubs; develops and sells land; and develops, operates, and rents apartments, as well as provides various interior fit-out options, such as flooring, wall tile, plumbing, cabinets, fixtures, appliances, lighting, and home-automation and security technologies. Further, it owns and operates architectural, engineering, mortgage, title, insurance, smart home technology, landscaping, lumber distribution, house component assembly, and manufacturing operations. The company serves move-up, empty-nester, active-adult, and second-home buyers. It has a strategic partnership with Equity Residential to develop new rental apartment communities in the United States markets. The company was founded in 1967 and is headquartered in Fort Washington, Pennsylvania.

At a Glance

Live Snapshot
Market Cap$12.84B
EPS13.6000
P/E Ratio10.10
Earnings Date08/18/2026
Toll Brothers, Inc.

Toll Brothers, Inc. Fair Value Envelope

TOL ยท NYSE

Our analysis suggests that TOL has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $137.375, this represents a potential HIDDEN relative to our calculated worth for Toll Brothers, Inc..

Intrinsic Value
Current Price: $137.375

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$33.4B
+ Cash & Equivalents$1.3B
Firm Value$34.7B
- Debt$2.9B
Equity Value$31.7B
/ Shares Outstanding96,383,000B
DCF Value$329
UNDERVALUED BY 140%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$1.2B
$1.3B
$1.5B
$1.6B
$1.8B
$1.9B
$2.1B
$2.3B
$2.5B
$2.8B
Maintenance CapEx
-$18.9M
-$20.7M
-$22.7M
-$24.9M
-$27.2M
-$29.8M
-$32.7M
-$35.8M
-$39.3M
-$43.0M
Owner Earnings
$1.2B
$1.3B
$1.4B
$1.6B
$1.7B
$1.9B
$2.1B
$2.3B
$2.5B
$2.7B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.1B
$1.1B
$1.1B
$1.2B
$1.2B
$1.2B
$1.2B
$1.2B
$1.2B
$1.3B
Terminal Value represents 64.5% of Enterprise Value