I’m sure you already know this, but every industry have different metric for P/E and how much is expensive/cheap. So, that 4x might look cheap compare to other sector but in line with its peer. It would make more sense to compare it to its peer, here are some P/E i pull up from builders: KBH = 4.16, MTH = 3.64, TOL = 4.95, and the who builder industry average P/E is 4.25. So I would be very careful touching those two that you listed at the current point. I think prefab builder doesn’t have as big of a margin as the traditional builders, so they would have to sell much more to match the profit the traditional builders get.
