KANP vs FOR vs MRP Stock Comparison

Kaanapali Land, Forestar and Millrose Properties Prices as of Oct 26, 2026 Peers: Industry group
KANP Kaanapali Land Llc
$29.70 -7.2% 1M -17.5% 1Y
Market cap
$53.24M
P/E
5.2x
Revenue (TTM)
$21.83M
Div. yield
–
Real Estate Development Real Estate
4 wins
FOR Forestar Group Inc.
$26.25 -0.9% 1M +0.7% 1Y
Market cap
$1.34B
P/E
7.9x
Revenue (TTM)
$1.72B
Div. yield
–
Real Estate Development Real Estate
2 wins
MRP Millrose Properties, Inc.
$24.32 -10.6% 1M -26.1% 1Y
Market cap
$3.75B
P/E
8.1x
Revenue (TTM)
$792.29M
Div. yield
12.62%
Real Estate Development Real Estate
3 wins

Head to Head

9 decided of 12

Kaanapali Land leads on 4 of the 12 questions below (Kaanapali Land 4, Millrose Properties 3, Forestar 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionKANPFORMRPLeader
Larger companyMarket capitalisation $53.24M $1.34B $3.75B MRP
Cheaper on earningsLower P/E, profitable companies only 5.2x 7.9x 8.1x KANP
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 8.6x 7.5x MRP
Faster revenue growthRevenue growth, trailing twelve months +1,110.9% +11.8% — KANP
More profitableNet margin, trailing twelve months 48.2% 9.9% — KANP
Better return on capitalReturn on invested capital — 6.1% — –
Less leveragedLower net debt / EBITDA — 1.8x — –
Higher dividend yieldTrailing dividend yield — — 12.62% –
Better 1-year returnPrice return, last 12 months -17.5% +0.7% -26.1% FOR
Better 5-year returnAnnualised price return, 5 years +4.3%/yr +5.8%/yr — FOR
Less volatileAnnualised volatility, 1 year 35.9% 33.6% 31.7% MRP
Higher overall scoreMean of the five percentile scores vs peers 98/100 60/100 69/100 KANP

Percentile Scorecard

KANPFORMRP

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisKANPFORMRP
Valuation 100 #1 of 39 92 #4 of 39 74 #11 of 39
Growth 100 #1 of 32 55 #15 of 32 –
Profitability 93 #3 of 29 71 #9 of 29 –
Financial Health – 57 #17 of 38 32 #26 of 38
Shareholder Returns – 23 #11 of 14 100 #1 of 14
Overall 98 60 69
  • KANP ranked among 42 companies in Property Developers
  • FOR ranked among 42 companies in Property Developers
  • MRP ranked among 42 companies in Property Developers

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodKANPFORMRPSPY
1 month -7.2%-0.9%-10.6% -0.2%
3 months -1.0%-10.6%-15.0% +3.9%
6 months +16.4%-6.6%-20.8% +8.2%
Year to date +8.0%+6.6%-18.6% +12.9%
1 year -17.5%+0.7%-26.1% +12.3%
3 years +24.3%+12.2%— +87.4%
3 years, per year +7.5%+3.9%— +23.3%
5 years +23.2%+32.7%— +67.9%
5 years, per year +4.3%+5.8%— +10.9%
10 years +3.8%+138.0%— +261.1%
10 years, per year +0.4%+9.1%— +13.7%

Risk

MeasureKANPFORMRPSPY
Volatility, 1Y 35.9%33.6%31.7% 12.7%
Downside volatility, 1Y 74.1%31.9%33.6% 12.7%
Beta vs S&P 500, 1Y 0.260.820.73 1.00
Return / volatility, 1Y -0.490.02-0.82 0.97
Max drawdown, 5Y -42.0%-54.7%-40.3% -25.4%
From 52-week high -17.5%-17.9%-26.1% -1.2%
52-week high $36.00$31.98$32.90 $779.14
52-week low $25.50$23.09$21.21 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleKANPFORMRP
P/E now vs peer median 5.2xmedian 7.9x 7.9xmedian 7.9x 8.1xmedian 7.9x
P/S now vs peer median 2.4xmedian 4.7x 0.8xmedian 4.7x 4.7xmedian 4.7x
EV/EBITDA now vs peer median 3.2xmedian 11.2x 8.0xmedian 11.2x —median 11.2x
P/FCF now vs peer median 3.1xmedian 6.2x 4.7xmedian 6.2x 1.1xmedian 6.2x
P/B now vs peer median 0.6xmedian 0.6x 0.7xmedian 0.6x 0.6xmedian 0.6x
PEG now vs peer median 0.17median 0.32 1.68median 0.32 —median 0.32

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsKANPFORMRP
Revenue $21.83M $1.72B $792.29M
Gross profit $9.58M $368.90M –
Operating income $4.63M $213.60M $674.91M
Net income $10.53M $170.50M –
Free cash flow $16.94M $282.90M –
EPS (diluted) $5.71 $3.32 $3.02
Cash & equivalents $37.96M $394.90M $64.54M
Total debt – $793.80M $3.13B
Shares (diluted) 1.85M 51.30M 166.06M
Enterprise value -$56.32M -$7.82M $3.75B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricKANPFORMRP
P/E 5.2x 7.9x 8.1x
P/FCF 3.1x 4.7x 1.1x
P/Operating cash flow 3.0x 4.7x –
P/S 2.4x 0.8x 4.7x
P/B 0.6x 0.7x 0.6x
P/Tangible book 0.6x 0.7x 0.6x
EV/EBITDA 3.2x 8.0x –
EV/EBIT 3.3x 8.1x –
EV/Revenue 0.7x 1.0x 8.7x
EV/FCF 0.9x 6.1x –
EV/Operating cash flow 0.9x 6.1x –
PEG (3Y EPS CAGR) 0.17 1.68 –

Growth

14 metrics
MetricKANPFORMRP
Revenue growth (1Y) 1,111% 11.8% –
Revenue CAGR (3Y) 63.4% 10.8% –
Gross profit growth (1Y) 2,581% 6.7% –
Gross profit CAGR (3Y) 67.8% 9.9% –
Operating income growth (1Y) 181.8% 5.7% 160.1%
Operating income CAGR (3Y) 43.6% 5.4% –
Net income growth (1Y) 392.9% 4.9% –
Net income CAGR (3Y) 30.5% 5.5% –
EPS growth (1Y) 392.9% 4.1% 131.1%
EPS CAGR (3Y) 30.5% 4.7% –
Operating cash flow growth (1Y) 524.9% 184.8% –
Operating cash flow CAGR (3Y) 84.6% 3.6% –
Free cash flow growth (1Y) 369.6% 183.9% –
Free cash flow CAGR (3Y) 78.9% 3.7% –

Profitability

14 metrics
MetricKANPFORMRP
Gross margin 43.9% 21.4% –
EBITDA margin 21.9% 12.6% –
Operating margin 21.2% 12.4% –
Pretax margin 45.9% 13.1% –
Net margin 48.2% 9.9% –
FCF margin 77.6% 16.4% –
Operating cash flow margin 80.5% 16.5% –
Return on equity 11.8% 9.3% –
Return on assets 10.8% 5.3% –
Return on invested capital – 6.1% –
Return on capital employed – – –
Asset turnover 0.2x 0.5x 0.1x
Cash conversion (OCF / net income) 1.7x 1.7x –
Stock comp / revenue – 0.5% –

Financial Health

11 metrics
MetricKANPFORMRP
Debt / assets – 24.6% –
Debt / equity – 0.4x 0.5x
Net debt / EBITDA – 1.8x –
Debt / FCF – 2.8x –
Liabilities / assets 8.6% 42.3% 44.6%
Equity / assets 91.4% 57.7% 55.4%
Interest coverage – – –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricKANPFORMRP
Dividend yield – – 12.6%
Net buyback yield – 0.0% –
Shareholder yield – 0.0% 12.6%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusKANPFORMRP
Forward P/E – 8.6xFY2026 7.5xFY2026
EPS, next fiscal year – $3.06FY2026 $3.26FY2026
EPS growth, next FY – -7.0%FY2026 +33.6%FY2026
EPS growth, the year after – -12.4% -7.1%
Revenue, next fiscal year – $1.77BFY2026 $840.33MFY2026
Revenue growth, next FY – +6.9%FY2026 +39.9%FY2026
Revenue growth, the year after – +1.0% +11.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersKANPFORMRP
Held by institutions – 36.6% 89.6%
Institutions holding – 185 523
Change in shares held, QoQ – +0.1% +1.8%
Institutions buying – 97 280
Institutions selling – 49 136
Buyers to sellers – 1.98 2.06

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

KANPFORMRP
KANP 1.00 -0.05 0.06
FOR -0.05 1.00 0.55
MRP 0.06 0.55 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, KANP, FOR and MRP?

Millrose Properties (MRP) is the largest by market capitalisation: Kaanapali Land (KANP) $53.24M, Forestar (FOR) $1.34B, Millrose Properties (MRP) $3.75B.

Which stock is cheaper, KANP, FOR and MRP?

Kaanapali Land (KANP) trades on the lowest price-to-earnings ratio (Kaanapali Land (KANP) 5.2x, Forestar (FOR) 7.9x, Millrose Properties (MRP) 8.1x). On next year's consensus earnings, Millrose Properties (MRP) is cheapest (Forestar (FOR) 8.6x, Millrose Properties (MRP) 7.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Kaanapali Land (KANP) grew revenue fastest over the trailing twelve months: Kaanapali Land (KANP) +1,110.9%, Forestar (FOR) +11.8%.

Which company is more profitable?

Kaanapali Land (KANP) has the highest net margin (Kaanapali Land (KANP) 48.2%, Forestar (FOR) 9.9%).

Which stock has performed better?

Over the past year Forestar (FOR) returned the most: Kaanapali Land (KANP) -17.5%, Forestar (FOR) +0.7%, Millrose Properties (MRP) -26.1%. Over five years, Forestar (FOR) compounded fastest (Kaanapali Land (KANP) +4.3%/yr, Forestar (FOR) +5.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Millrose Properties (MRP) 12.62%. Kaanapali Land (KANP) and Forestar (FOR) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Millrose Properties (MRP) has been the steadiest (Kaanapali Land (KANP) 35.9%, Forestar (FOR) 33.6%, Millrose Properties (MRP) 31.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, KANP, FOR and MRP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Kaanapali Land (KANP) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.