15 years of historical data (2010–2024) · Real Estate · REIT - Industrial
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
PennyMac Mortgage Investment Trust trades at 18.7x earnings, 10% above its 5-year average of 17.0x, sitting at the 100th percentile of its historical range. Compared to the Real Estate sector median P/E of 23.4x, the stock trades at a discount of 20%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.2B | $2.2B | $2.8B | — | — | — | — | — | — | — | — |
| Enterprise Value | $14.0B | $14.0B | $13.0B | — | — | — | — | — | — | — | — |
| P/E Ratio → | 18.72 | 18.49 | 15.49 | — | — | — | — | — | — | — | — |
| P/S Ratio | 4.41 | 4.36 | 3.89 | — | — | — | — | — | — | — | — |
| P/B Ratio | 1.15 | 1.13 | 1.44 | — | — | — | — | — | — | — | — |
| P/FCF | — | — | 2.13 | — | — | — | — | — | — | — | — |
| P/OCF | — | — | 2.10 | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
PennyMac Mortgage Investment Trust's enterprise value stands at 13.6x EBITDA, 15% above its 5-year average of 11.9x. This is roughly in line with the Real Estate sector median of 13.6x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 27.73 | 17.93 | — | — | — | — | — | — | — | — |
| EV / EBITDA | 13.64 | 13.61 | 10.17 | — | — | — | — | — | — | — | — |
| EV / EBIT | 42.31 | 13.61 | 10.17 | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | 9.82 | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
PennyMac Mortgage Investment Trust earns an operating margin of 65.7%, significantly above the Real Estate sector average of 22.0%. Operating margins have compressed from 253.9% to 65.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 8.3% is modest. ROIC of 1.9% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.4% | 75.4% | 83.2% | 220.5% | 59.2% | 76.3% | 75.4% | 65.9% | 68.8% | 49.3% | 58.9% |
| Operating Margin | 65.7% | 65.7% | 76.9% | 253.9% | 52.0% | 73.0% | 70.1% | 56.4% | 60.5% | 37.8% | 45.2% |
| Net Profit Margin | 31.9% | 31.9% | 27.5% | 50.3% | 7.5% | 3.7% | 23.7% | 37.3% | 26.2% | 24.4% | 30.8% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.3% | 8.3% | 10.2% | -3.4% | 2.4% | 2.2% | 11.3% | 9.8% | 8.1% | 5.3% | 5.9% |
| ROA | 1.2% | 1.2% | 1.5% | -0.5% | 0.4% | 0.4% | 2.3% | 2.3% | 2.0% | 1.2% | 1.7% |
| ROIC | 1.9% | 1.9% | 3.3% | -2.1% | 2.7% | 7.8% | 5.3% | 2.7% | 3.5% | 1.5% | 1.9% |
| ROCE | 4.6% | 4.6% | 8.2% | -5.4% | 4.8% | 14.5% | 10.8% | 3.5% | 4.7% | 2.0% | 2.5% |
Solvency and debt-coverage ratios — lower is generally safer
PennyMac Mortgage Investment Trust carries a Debt/EBITDA ratio of 11.8x, which is highly leveraged (76% above the sector average of 6.7x). Net debt stands at $11.8B ($12.1B total debt minus $338M cash). Interest coverage of just 0.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 6.26 | 6.26 | 5.35 | 5.80 | 4.72 | 3.89 | 3.73 | 3.87 | 2.55 | 3.59 | 2.80 |
| Debt / EBITDA | 11.80 | 11.80 | 8.19 | 432.21 | 16.22 | 6.93 | 47.94 | 18.10 | 30.31 | 75.20 | 54.93 |
| Net Debt / Equity | — | 6.08 | 5.21 | 5.74 | 4.69 | -0.25 | 3.69 | 3.83 | 2.50 | 3.56 | 2.76 |
| Net Debt / EBITDA | 11.47 | 11.47 | 7.97 | 427.96 | 16.14 | -0.45 | 47.40 | 17.92 | 29.71 | 74.66 | 54.17 |
| Debt / FCF | — | — | 7.69 | 6.32 | — | -0.87 | — | — | 17.28 | — | — |
| Interest Coverage | 0.46 | 0.46 | 0.76 | -0.90 | 1.29 | 3.80 | 2.25 | 1.32 | 1.80 | 0.78 | 1.06 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | 0.03 | 1.60 | 0.00 | 1.96 | 3.52 | 0.53 | 0.37 |
| Quick Ratio | — | — | — | — | 0.03 | 1.60 | 0.00 | 4.33 | 7.68 | 0.65 | 0.41 |
| Cash Ratio | 0.06 | 0.06 | 0.07 | 0.05 | 0.03 | 1.53 | 0.03 | 1.91 | 3.52 | 0.53 | 0.37 |
| Asset Turnover | — | 0.04 | 0.06 | -0.01 | 0.05 | 0.12 | 0.08 | 0.05 | 0.08 | 0.05 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
PennyMac Mortgage Investment Trust returns 6.3% to shareholders annually primarily through dividends. The payout ratio of 86.5% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 5.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 6.3% | 6.3% | 5.0% | — | — | — | — | — | — | — | — |
| Payout Ratio | 86.5% | 86.5% | 70.4% | — | 323.6% | 289.4% | 62.3% | 75.7% | 107.1% | 173.5% | 192.0% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.3% | 5.4% | 6.5% | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | 47.0% | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 1.0% | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 6.3% | 6.3% | 6.0% | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $87M | $112M | $91M | $97M | $99M | $88M | $69M | $75M | $77M | $83M |
Compare PMTU with 4 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| PMTUYou | $2B | 18.7 | 13.6 | — | 75.4% | 65.7% | 8.3% | 1.9% | 11.8 |
| RCC | $4B | -9.5 | — | — | 100.0% | — | -19.0% | — | — |
| SCCD | $1B | -26.5 | — | 90.4 | 100.0% | 844.1% | -34.4% | -3.9% | — |
| SCCF | $1B | -25.3 | — | 87.5 | 100.0% | -30.9% | -19.2% | -2.5% | — |
| SCCE | $1B | -25.4 | — | 86.5 | 100.0% | 844.1% | -19222.0% | -13.0% | — |
| Real Estate Median | — | 23.4 | 13.6 | 13.7 | 60.4% | 22.0% | 3.3% | 2.6% | 6.7 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 15 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
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View ValuationSee how PMTU stacks up against sector leader Ready Capital Corporation 5.75%.
Start ComparisonPennyMac Mortgage Investment Trust's current P/E ratio is 18.7x. The historical average is 17.0x. This places it at the 100th percentile of its historical range.
PennyMac Mortgage Investment Trust's current EV/EBITDA is 13.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.9x.
PennyMac Mortgage Investment Trust's return on equity (ROE) is 8.3%. The historical average is 8.4%.
Based on historical data, PennyMac Mortgage Investment Trust is trading at a P/E of 18.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
PennyMac Mortgage Investment Trust's current dividend yield is 6.26% with a payout ratio of 86.5%.
PennyMac Mortgage Investment Trust has 75.4% gross margin and 65.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
PennyMac Mortgage Investment Trust's Debt/EBITDA ratio is 11.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.