Ellington Financial Inc. (EFC) Financial Ratios
18 years of historical data (2008–2025) · Real Estate · REIT - Mortgage
EV/EBITDA
↑
39.42
↓-30% vs avg
5yr avg: 56.57
30Y Low7.4·High77.0
P/FCF
↓
2.63
↓-96% vs avg
5yr avg: 71.99
30Y Low0.9·High7.4
P/B Ratio
↑
0.71
+11% vs avg
5yr avg: 0.64
30Y Low0.6·High0.9
ROE
↓
8.5%
↓+40% vs avg
5yr avg: 6.1%
30Y Low-6%·High35%
Debt/EBITDA
↑
36.95
↓-46% vs avg
5yr avg: 68.42
30Y Low8.9·High37.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EFC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ellington Financial Inc. trades at 11.3x earnings, 9% above its 5-year average of 10.4x, sitting at the 57th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a discount of 53%. On a free-cash-flow basis, the stock trades at 2.6x P/FCF, 96% below the 5-year average of 72.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.3B | $1.4B | $1.1B | $878M | $750M | $841M | $655M | $588M | $471M | $473M | $515M |
| Enterprise Value | $18.1B | $18.1B | $860M | $14.0B | $12.9B | $4.4B | $2.9B | $3.8B | $2.4B | $1.9B | $1.4B |
| P/E Ratio → | 11.29 | 11.41 | 8.91 | 14.44 | — | 6.70 | 38.05 | 10.41 | 10.09 | 76.37 | — |
| P/S Ratio | 1.98 | 2.00 | 3.73 | 3.42 | 17.38 | 3.88 | 18.63 | 6.90 | 6.13 | 43.99 | 219.61 |
| P/B Ratio | 0.71 | 0.72 | 0.66 | 0.57 | 0.61 | 0.64 | 0.71 | 0.68 | 0.79 | 0.76 | 0.80 |
| P/FCF | 2.63 | 2.65 | — | — | 209.56 | 3.75 | 4.36 | 4.56 | — | — | 7.40 |
| P/OCF | 2.63 | 2.65 | — | — | 17.57 | 16.40 | 5.48 | 7.42 | — | — | 7.40 |
P/E links to full P/E history page with 30-year chart
EFC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ellington Financial Inc.'s enterprise value stands at 39.4x EBITDA, 30% below its 5-year average of 56.6x. The Real Estate sector median is 17.0x, placing the stock at a 132% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 26.85 | 3.05 | 54.51 | 299.73 | 20.22 | 83.39 | 44.51 | 31.52 | 177.08 | 617.73 |
| EV / EBITDA | 39.42 | 39.45 | 7.40 | 156.72 | — | 22.72 | 1609.78 | 69.52 | 15.68 | 16.31 | 24.04 |
| EV / EBIT | 43.58 | 39.45 | — | — | — | 22.72 | — | — | 25.89 | 245.09 | — |
| EV / FCF | — | 35.58 | — | — | 3614.47 | 19.56 | 19.52 | 29.38 | — | — | 20.80 |
EFC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ellington Financial Inc. earns an operating margin of 61.6%, significantly above the Real Estate sector average of 24.8%. Operating margins have expanded from 34.8% to 61.6% over the past 3 years, signaling improving operational efficiency. ROE of 8.5% is modest. ROIC of 3.1% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 84.3% | 84.3% | 100.0% | 100.0% | 100.0% | 80.5% | 100.0% | 100.0% | 99.5% | -99.2% | -806.7% |
| Operating Margin | 61.6% | 61.6% | 41.2% | 34.8% | -57.9% | 62.2% | 5.2% | 64.0% | 134.6% | 606.0% | 12.7% |
| Net Profit Margin | 21.8% | 21.8% | 51.7% | 32.8% | -162.3% | 61.6% | 71.1% | 68.0% | 60.8% | 57.7% | -682.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.5% | 8.5% | 9.3% | 6.1% | -5.5% | 11.9% | 2.8% | 7.9% | 7.7% | 1.0% | -2.3% |
| ROA | 0.8% | 0.8% | 0.9% | 0.6% | -0.7% | 3.1% | 0.6% | 1.4% | 1.3% | 0.2% | -0.6% |
| ROIC | 3.1% | 3.1% | 1.1% | 0.5% | -0.2% | 2.5% | 0.0% | 1.2% | 3.4% | 2.7% | 0.0% |
| ROCE | 2.7% | 2.7% | 0.7% | 0.9% | -0.5% | 7.6% | 0.1% | 2.2% | 3.3% | 2.6% | 0.0% |
EFC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ellington Financial Inc. carries a Debt/EBITDA ratio of 37.0x, which is highly leveraged (367% above the sector average of 7.9x). Net debt stands at $16.8B ($17.0B total debt minus $202M cash). Interest coverage of just 1.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 9.07 | 9.07 | — | 8.68 | 10.16 | 2.75 | 2.59 | 3.77 | 3.35 | 2.38 | 1.64 |
| Debt / EBITDA | 36.95 | 36.95 | — | 149.47 | — | 18.84 | 1311.63 | 60.07 | 12.92 | 12.67 | 17.54 |
| Net Debt / Equity | — | 8.96 | -0.12 | 8.53 | 9.98 | 2.68 | 2.47 | 3.69 | 3.28 | 2.30 | 1.45 |
| Net Debt / EBITDA | 36.51 | 36.51 | -1.65 | 146.88 | — | 18.36 | 1250.22 | 58.74 | 12.63 | 12.26 | 15.50 |
| Debt / FCF | — | 32.93 | — | — | 3404.90 | 15.81 | 15.16 | 24.83 | — | — | 13.41 |
| Interest Coverage | 1.51 | 1.51 | 0.42 | 0.34 | — | 4.38 | 0.03 | — | 1.65 | 0.95 | -0.84 |
EFC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.08x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 2.64x to 0.08x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.08 | 0.08 | — | 2.64 | — | — | — | — | 1.89 | 0.36 | 1.58 |
| Quick Ratio | 0.08 | 0.08 | — | 2.64 | — | — | — | — | 1.93 | 0.49 | -0.01 |
| Cash Ratio | 0.08 | 0.08 | — | 0.05 | 0.04 | 0.03 | 0.06 | 0.03 | 0.09 | 0.22 | 1.34 |
| Asset Turnover | — | 0.03 | 0.02 | 0.02 | 0.00 | 0.04 | 0.01 | 0.02 | 0.02 | 0.00 | 0.00 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | 0.15 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
EFC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ellington Financial Inc. returns 13.7% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 125.0%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 8.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 13.7% | 13.6% | 15.5% | 17.0% | 16.4% | 10.2% | 9.9% | 9.2% | 10.8% | 12.2% | 12.6% |
| Payout Ratio | 125.0% | 125.0% | 112.1% | 177.5% | — | 64.2% | 260.0% | 93.7% | 108.7% | 930.4% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.9% | 8.8% | 11.2% | 6.9% | — | 14.9% | 2.6% | 9.6% | 9.9% | 1.3% | — |
| FCF Yield | 38.1% | 37.7% | — | — | 0.5% | 26.6% | 22.9% | 21.9% | — | — | 13.5% |
| Buyback Yield | 0.0% | 0.0% | 2.3% | 1.4% | 0.2% | 0.0% | 0.5% | 0.1% | 4.9% | 3.1% | 2.7% |
| Total Shareholder Yield | 13.7% | 13.6% | 17.9% | 18.4% | 16.6% | 10.2% | 10.4% | 9.4% | 15.7% | 15.3% | 15.4% |
| Shares Outstanding | — | $99M | $87M | $69M | $61M | $49M | $44M | $32M | $31M | $33M | $33M |
Peer Comparison
Compare EFC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 EFCYou | $1B | 11.3 | 39.4 | 2.6 | 84.3% | 61.6% | 8.5% | 3.1% | 37.0 |
 MFA | $973M | 5.7 | 17.0 | 12.8 | 96.2% | 78.8% | 9.6% | 4.4% | 15.9 |
 EARN | $165M | 18.3 | 98.1 | 18.1 | 31.3% | 14.0% | 4.0% | 0.7% | 79.3 |
 MITT | $252M | 8.8 | 18.3 | 4.2 | 94.7% | 96.9% | 8.8% | 4.5% | 17.9 |
 IVR | $575M | 5.2 | 19.1 | 3.7 | 96.7% | 94.5% | 13.3% | 4.0% | 17.5 |
 GPMT | $63M | -1.1 | 20.6 | 23.7 | 83.0% | 43.6% | -7.0% | 2.6% | 20.6 |
 NLY | $16B | 7.6 | 18.3 | — | 99.9% | 102.6% | 14.1% | 6.4% | 16.3 |
 AGNC | $12B | 7.1 | 2.1 | 17.9 | 100.0% | 236.3% | 15.1% | 33.8% | 0.0 |
 TWO | $1B | -2.8 | 197.9 | 14.6 | 97.9% | 68.7% | -23.2% | 3.1% | 188.0 |
 PMT | $892M | 10.4 | 210.1 | — | 15.4% | 9.1% | 6.7% | 0.4% | 203.5 |
 RWT | $645M | -8.2 | 21.2 | — | 95.6% | 95.3% | -6.5% | 3.9% | 20.8 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 18 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
EFC — Frequently Asked Questions
Quick answers to the most common questions about buying EFC stock.
What is Ellington Financial Inc.'s P/E ratio?
Ellington Financial Inc.'s current P/E ratio is 11.3x. The historical average is 17.7x. This places it at the 57th percentile of its historical range.
What is Ellington Financial Inc.'s EV/EBITDA?
Ellington Financial Inc.'s current EV/EBITDA is 39.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 33.9x.
What is Ellington Financial Inc.'s ROE?
Ellington Financial Inc.'s return on equity (ROE) is 8.5%. The historical average is 8.0%.
Is EFC stock overvalued?
Based on historical data, Ellington Financial Inc. is trading at a P/E of 11.3x. This is at the 57th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Ellington Financial Inc.'s dividend yield?
Ellington Financial Inc.'s current dividend yield is 13.74% with a payout ratio of 125.0%.
What are Ellington Financial Inc.'s profit margins?
Ellington Financial Inc. has 84.3% gross margin and 61.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Ellington Financial Inc. have?
Ellington Financial Inc.'s Debt/EBITDA ratio is 37.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.