PennyMac Mortgage Investment Trust (PMTU) Financial Ratios
16 years of historical data (2010–2025) · Real Estate · REIT - Industrial
EV/EBITDA
↑
224.30
↑+171% vs avg
5yr avg: 82.65
30Y Low10.2·High13.6
P/FCF
N/A
—
5yr avg: 2.13
30Y Low2.1·High2.1
P/B Ratio
↓
1.17
-6% vs avg
5yr avg: 1.25
30Y Low1.1·High1.4
ROE
↑
6.7%
↓+38% vs avg
5yr avg: 4.8%
30Y Low-3%·High16%
Debt/EBITDA
↑
203.53
↑+51% vs avg
5yr avg: 134.39
30Y Low1.7·High47.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PMTU Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
PennyMac Mortgage Investment Trust trades at 25.7x earnings, 29% above its 5-year average of 19.9x, sitting at the 100th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.2x, the stock trades at a premium of 6%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.2B | $2.2B | $2.2B | $2.8B | — | — | — | — | — | — | — |
| Enterprise Value | $21.0B | $21.0B | $14.0B | $13.0B | — | — | — | — | — | — | — |
| P/E Ratio → | 25.72 | 25.64 | 18.49 | 15.49 | — | — | — | — | — | — | — |
| P/S Ratio | 2.16 | 2.15 | 4.36 | 3.89 | — | — | — | — | — | — | — |
| P/B Ratio | 1.17 | 1.17 | 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
PMTU EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
PennyMac Mortgage Investment Trust's enterprise value stands at 224.3x EBITDA, 171% above its 5-year average of 82.6x. The Real Estate sector median is 16.8x, placing the stock at a 1238% 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 | — | 20.45 | 27.73 | 17.93 | — | — | — | — | — | — | — |
| EV / EBITDA | 224.30 | 224.16 | 13.61 | 10.17 | — | — | — | — | — | — | — |
| EV / EBIT | 224.30 | 224.16 | 13.61 | 10.17 | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | 9.82 | — | — | — | — | — | — | — |
PMTU Profitability
Margins and return-on-capital ratios measuring operating efficiency
PennyMac Mortgage Investment Trust earns an operating margin of 9.1%, below the Real Estate sector average of 24.7%. Operating margins have compressed from 76.9% to 9.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 6.7% is modest. ROIC of 0.4% 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 | 15.4% | 15.4% | 75.4% | 83.2% | 220.5% | 59.2% | 76.3% | 75.4% | 65.9% | 68.8% | 49.3% |
| Operating Margin | 9.1% | 9.1% | 65.7% | 76.9% | 253.9% | 52.0% | 73.0% | 70.1% | 56.4% | 60.5% | 37.8% |
| Net Profit Margin | 12.4% | 12.4% | 31.9% | 27.5% | 50.3% | 7.5% | 3.7% | 23.7% | 37.3% | 26.2% | 24.4% |
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 | 6.7% | 6.7% | 8.3% | 10.2% | -3.4% | 2.4% | 2.2% | 11.3% | 9.8% | 8.1% | 5.3% |
| ROA | 0.7% | 0.7% | 1.2% | 1.5% | -0.5% | 0.4% | 0.4% | 2.3% | 2.3% | 2.0% | 1.2% |
| ROIC | 0.4% | 0.4% | 1.9% | 3.3% | -2.1% | 2.7% | 7.8% | 5.3% | 2.7% | 3.5% | 1.5% |
| ROCE | 0.9% | 0.9% | 4.6% | 8.2% | -5.4% | 4.8% | 14.5% | 10.8% | 3.5% | 4.7% | 2.0% |
PMTU Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
PennyMac Mortgage Investment Trust carries a Debt/EBITDA ratio of 203.5x, which is highly leveraged (2541% above the sector average of 7.7x). Net debt stands at $18.8B ($19.1B total debt minus $272M cash). Interest coverage of just 0.1x 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 | 10.12 | 10.12 | 6.26 | 5.35 | 5.80 | 4.72 | 3.89 | 3.73 | 3.87 | 2.55 | 3.59 |
| Debt / EBITDA | 203.53 | 203.53 | 11.80 | 8.19 | 432.21 | 16.22 | 6.93 | 47.94 | 18.10 | 30.31 | 75.20 |
| Net Debt / Equity | — | 9.97 | 6.08 | 5.21 | 5.74 | 4.69 | -0.25 | 3.69 | 3.83 | 2.50 | 3.56 |
| Net Debt / EBITDA | 200.63 | 200.63 | 11.47 | 7.97 | 427.96 | 16.14 | -0.45 | 47.40 | 17.92 | 29.71 | 74.66 |
| Debt / FCF | — | — | — | 7.69 | 6.32 | — | -0.87 | — | — | 17.28 | — |
| Interest Coverage | 0.11 | 0.11 | 1.44 | 1.74 | 0.06 | 2.26 | 4.76 | 0.64 | 1.91 | 0.86 | 0.43 |
PMTU Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.03x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.03 | 0.03 | — | — | — | 0.03 | 1.60 | 0.00 | 1.96 | 3.52 | 0.53 |
| Quick Ratio | 0.03 | 0.03 | — | — | — | 0.03 | 1.60 | 0.00 | 4.33 | 7.68 | 0.65 |
| Cash Ratio | 0.06 | 0.06 | 0.06 | 0.07 | 0.05 | 0.03 | 1.53 | 0.03 | 1.91 | 3.52 | 0.53 |
| Asset Turnover | — | 0.05 | 0.04 | 0.06 | -0.01 | 0.05 | 0.12 | 0.08 | 0.05 | 0.08 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
PMTU Shareholder Yields
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 exceeds 100% at 109.0%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 3.9% (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 | 6.3% | 6.3% | 6.3% | 5.0% | — | — | — | — | — | — | — |
| Payout Ratio | 109.0% | 109.0% | 86.5% | 70.4% | — | 323.6% | 289.4% | 62.3% | 75.7% | 107.1% | 173.5% |
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 | 3.9% | 3.9% | 5.4% | 6.5% | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | 47.0% | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 1.0% | — | — | — | — | — | — | — |
| Total Shareholder Yield | 6.3% | 6.3% | 6.3% | 6.0% | — | — | — | — | — | — | — |
| Shares Outstanding | — | $87M | $87M | $112M | $91M | $97M | $99M | $88M | $69M | $75M | $77M |
Peer Comparison
Compare PMTU 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 |
|---|---|---|---|---|---|---|---|---|---|
 PMTUYou | $2B | 25.7 | 224.3 | — | 15.4% | 9.1% | 6.7% | 0.4% | 203.5 |
 MFA | $995M | 5.8 | 17.1 | 13.1 | 96.2% | 78.8% | 9.6% | 4.4% | 15.9 |
 AGNC | $10B | 11.5 | 2.4 | 111.9 | 100.0% | 79.6% | 9.6% | 34.0% | 0.0 |
 NLY | $16B | 7.7 | 18.3 | — | 99.9% | 102.6% | 14.1% | 6.4% | 16.3 |
 TWO | $1B | -2.8 | 198.1 | 14.6 | 97.9% | 68.7% | -23.2% | 3.1% | 188.0 |
 IVR | $577M | 5.2 | 19.1 | 3.7 | 96.7% | 94.5% | 13.3% | 4.0% | 17.5 |
 EARN | $183M | 20.3 | 100.6 | 20.1 | 31.3% | 14.0% | 4.0% | 0.7% | 79.3 |
 EFC | $1B | 11.4 | 39.5 | 2.7 | 84.3% | 61.6% | 8.5% | 3.1% | 37.0 |
 PMT | $963M | 11.2 | 210.9 | — | 15.4% | 9.1% | 6.7% | 0.4% | 203.5 |
 PFSI | $5B | 9.5 | 18.1 | — | 91.4% | 34.6% | 12.3% | 4.4% | 15.3 |
 RWT | $697M | -8.9 | 21.2 | — | 95.6% | 95.3% | -6.5% | 3.9% | 20.8 |
| Real Estate Median | — | 24.2 | 16.8 | 15.6 | 50.1% | 24.7% | 3.5% | 2.7% | 7.7 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 16 years · Updated daily
See PMTU's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs PMTU Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare PMTU vs MFA
Side-by-side business, growth, and profitability comparison vs MFA Financial, Inc..
Start ComparisonPMTU — Frequently Asked Questions
Quick answers to the most common questions about buying PMTU stock.
What is PennyMac Mortgage Investment Trust's P/E ratio?
PennyMac Mortgage Investment Trust's current P/E ratio is 25.7x. The historical average is 19.9x. This places it at the 100th percentile of its historical range.
What is PennyMac Mortgage Investment Trust's EV/EBITDA?
PennyMac Mortgage Investment Trust's current EV/EBITDA is 224.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.9x.
What is PennyMac Mortgage Investment Trust's ROE?
PennyMac Mortgage Investment Trust's return on equity (ROE) is 6.7%. The historical average is 8.3%.
Is PMTU stock overvalued?
Based on historical data, PennyMac Mortgage Investment Trust is trading at a P/E of 25.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is PennyMac Mortgage Investment Trust's dividend yield?
PennyMac Mortgage Investment Trust's current dividend yield is 6.29% with a payout ratio of 109.0%.
What are PennyMac Mortgage Investment Trust's profit margins?
PennyMac Mortgage Investment Trust has 15.4% gross margin and 9.1% operating margin.
How much debt does PennyMac Mortgage Investment Trust have?
PennyMac Mortgage Investment Trust's Debt/EBITDA ratio is 203.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.