PennyMac Mortgage Investment Trust (PMT) P/E Ratio History
UndervaluedTrading at 10.4x vs 5Y avg 27.5x · 45th percentile · Below historical baseline · Data 2010–2026
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P/E Ratio Analysis
As of June 21, 2026, PennyMac Mortgage Investment Trust (PMT) trades at a price-to-earnings ratio of 10.4x, with a stock price of $10.25 and trailing twelve-month earnings per share of $1.52.
The current P/E is 62% below its 5-year average of 27.5x. Over the past five years, PMT's P/E has ranged from a low of 2.8x to a high of 229.6x, placing the current valuation at the 45th percentile of its historical range.
Compared to the Real Estate sector median P/E of 24.1x, PMT trades at a 57% discount to its sector peers. The sector includes 174 companies with P/E ratios ranging from 0.7x to 195.6x.
The PEG ratio of 0.35 (P/E divided by -28% EPS growth) suggests the stock may be undervalued relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, PMT trades at a notable discount to the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our PMT DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
PMT Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
PMT P/E vs Peers
Mortgage servicing rights focused REITs peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $973M | 5.7 | - | +105% | |
| $252M | 8.8 | - | -27% | |
| $165M | 18.3 | - | -23% | |
| $1B | 4.8Lowest | 0.10Best | +150%Best | |
| $575M | 5.2 | - | +135% | |
| $1B | 11.3 | 0.45 | -13% | |
| $12B | 7.1 | - | +58% | |
| $16B | 7.6 | - | +80% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
PMT Historical P/E Data (2010–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $11.66 | $1.16 | 10.0x | -40% |
| FY2025 Q4 | Dec 31 2025 | $12.55 | $0.99 | 12.6x | -24% |
| FY2025 Q3 | - | $12.26 | $0.91 | 13.4x | -19% |
| FY2025 Q2 | Jun 30 2025 | $12.86 | $0.72 | 17.7x | +7% |
| FY2025 Q1 | Mar 31 2025 | $14.65 | $0.93 | 15.7x | -5% |
| FY2024 Q4 | - | $12.59 | $1.33 | 9.5x | -43% |
| FY2024 Q3 | Sep 30 2024 | $14.26 | $1.36 | 10.5x | -37% |
| FY2024 Q2 | Jun 30 2024 | $13.75 | $1.51 | 9.1x | -45% |
| FY2024 Q1 | Mar 31 2024 | $14.68 | $1.50 | 9.8x | -41% |
| FY2023 Q4 | Dec 31 2023 | $14.95 | $1.61 | 9.3x | -44% |
| FY2023 Q3 | Sep 30 2023 | $12.40 | $1.10 | 11.2x | -33% |
| FY2023 Q2 | Jun 30 2023 | $13.48 | $0.61 | 22.1x | +33% |
| FY2021 Q4 | Dec 31 2021 | $17.33 | $0.26 | 66.7x | +301% |
| FY2021 Q3 | - | $19.69 | $1.32 | 14.9x | -10% |
| FY2021 Q2 | Jun 30 2021 | $21.06 | $2.71 | 7.8x | -53% |
| FY2021 Q1 | Mar 31 2021 | $19.60 | $6.90 | 2.8x | -83% |
| FY2020 Q4 | - | $17.59 | $0.30 | 58.6x | +252% |
| FY2020 Q3 | Sep 30 2020 | $16.07 | $0.07 | 229.6x | +1280% |
| FY2019 Q4 | - | $22.29 | $2.44 | 9.1x | -45% |
| FY2019 Q3 | Sep 30 2019 | $22.23 | $2.44 | 9.1x | -45% |
| FY2019 Q2 | Jun 30 2019 | $21.83 | $2.35 | 9.3x | -44% |
| FY2019 Q1 | Mar 31 2019 | $20.71 | $2.32 | 8.9x | -46% |
| FY2018 Q4 | Dec 31 2018 | $18.62 | $1.99 | 9.4x | -44% |
| FY2018 Q3 | Sep 30 2018 | $20.24 | $1.94 | 10.4x | -37% |
| FY2018 Q2 | Jun 30 2018 | $18.99 | $1.52 | 12.5x | -25% |
| FY2018 Q1 | Mar 31 2018 | $18.03 | $1.43 | 12.6x | -24% |
| FY2017 Q4 | Dec 31 2017 | $16.07 | $1.48 | 10.9x | -35% |
| FY2017 Q3 | Sep 30 2017 | $17.39 | $1.42 | 12.2x | -26% |
| FY2017 Q2 | Jun 30 2017 | $18.29 | $1.71 | 10.7x | -36% |
| FY2017 Q1 | Mar 31 2017 | $17.75 | $1.25 | 14.2x | -15% |
| FY2016 Q4 | Dec 31 2016 | $16.37 | $1.05 | 15.5x | -7% |
| FY2016 Q3 | Sep 30 2016 | $15.58 | $0.82 | 18.9x | +14% |
| FY2016 Q2 | - | $16.23 | $0.82 | 19.7x | +19% |
| FY2016 Q1 | - | $13.64 | $1.26 | 10.8x | -35% |
| FY2015 Q4 | - | $15.26 | $1.15 | 13.3x | -20% |
| FY2015 Q3 | Sep 30 2015 | $15.47 | $1.28 | 12.1x | -27% |
| FY2015 Q2 | - | $17.43 | $1.48 | 11.8x | -29% |
| FY2015 Q1 | - | $21.29 | $2.05 | 10.4x | -38% |
| FY2014 Q4 | Dec 31 2014 | $21.09 | $2.46 | 8.6x | -48% |
| FY2014 Q3 | - | $21.43 | $2.81 | 7.6x | -54% |
| FY2014 Q2 | Jun 30 2014 | $21.94 | $2.69 | 8.2x | -51% |
| FY2014 Q1 | Mar 31 2014 | $23.90 | $2.62 | 9.1x | -45% |
| FY2013 Q4 | - | $22.96 | $3.02 | 7.6x | -54% |
| FY2013 Q3 | Sep 30 2013 | $22.68 | $3.16 | 7.2x | -57% |
| FY2013 Q2 | Jun 30 2013 | $21.05 | $3.40 | 6.2x | -63% |
| FY2013 Q1 | Mar 31 2013 | $25.89 | $3.33 | 7.8x | -53% |
| FY2012 Q4 | Dec 31 2012 | $25.29 | $3.08 | 8.2x | -51% |
| FY2012 Q3 | Sep 30 2012 | $23.37 | $2.95 | 7.9x | -52% |
| FY2012 Q2 | Jun 30 2012 | $19.73 | $2.87 | 6.9x | -59% |
| FY2012 Q1 | Mar 31 2012 | $18.67 | $2.67 | 7.0x | -58% |
| FY2011 Q4 | Dec 31 2011 | $16.62 | $2.37 | 7.0x | -58% |
| FY2011 Q3 | Sep 30 2011 | $15.90 | $2.10 | 7.6x | -54% |
| FY2011 Q2 | - | $16.57 | $1.82 | 9.1x | -45% |
| FY2011 Q1 | - | $18.39 | $1.71 | 10.8x | -35% |
| FY2010 Q4 | Dec 31 2010 | $18.15 | $1.43 | 12.7x | -24% |
| FY2010 Q3 | - | $17.89 | $0.93 | 19.2x | +15% |
Average P/E for displayed period: 16.6x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
16+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
PMT — Frequently Asked Questions
Quick answers to the most common questions about buying PMT stock.
What is PMT's P/E ratio?
PennyMac Mortgage Investment Trust (PMT) trailing twelve-month P/E ratio is 10.4x, based on TTM diluted EPS of $1.52. The 5-year average P/E is 27.5x and the historical range spans 2.8x to 229.6x.
Is PMT stock overvalued or undervalued?
PMT trades at 10.4x P/E, below its 5-year average of 27.5x. At the 45th percentile of its historical range (2.8x–229.6x), the stock is priced at a discount to its own history.
Is PMT stock expensive?
No, PMT is not expensive on a historical basis. The current P/E of 10.4x is below the 5-year average of 27.5x and sits at the 45th percentile of its valuation range.
What is PMT's historical P/E range?
Over the past 5 years, PMT's P/E ratio has ranged from 2.8x to 229.6x, with a median of 11.2x and an average of 27.5x. The current P/E of 10.4x places the stock at the 45th percentile of this range. Full historical data spans 2010–2026.
How does PMT's P/E compare to the S&P 500?
PMT trades at 10.4x P/E versus the S&P 500 median of 24.4x. The 57% discount to the market suggests lower growth expectations or perceived higher risk.
How does PMT's valuation compare to Real Estate peers?
PennyMac Mortgage Investment Trust P/E of 10.4x compares to the Real Estate sector median of 24.1x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is PMT's PEG ratio?
PMT PEG ratio is 0.35, based on a P/E of 10.4x and EPS growth of -27.7%. A PEG below 1.0 indicates the valuation is supported by the earnings growth rate — typically considered attractive.
What is PMT's earnings yield?
PMT earnings yield is 9.66%, the inverse of its 10.4x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.