Stocktoria

MFA FINANCIAL, INC. MFA

NYSE · reit · Real Estate Investment Trusts · website · IPO 1998-04-13 · LEI

MFA FINANCIAL, INC. statistics & valuation

Market cap$996.7M
P / E5.6×
P / B0.5×
Dividend yield14.87%
Return on equity9.7%
Graham number +147.8%$22.67

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($22.67); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
10.30% 9.90% 8.80% 11.20% -26.90% 12.90% -11.60% 4.20% 6.50% 9.70% 2016201720182019202020212022202320242025
Shares outstanding
371.9M 397.8M 449.8M 467.8M 451.7M 118.7M 103.2M 103.6M 105.1M 104.0M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.50% 2.90% 2.40% 2.80% -9.80% 3.60% -2.50% 0.70% 1.00% 1.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$0.79 $0.68 $0.79 -$6.28 $2.63 -$2.57 $0.46 $0.82 $1.30 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

MFA FINANCIAL, INC. trades at about 7× earnings — below its 10-year norm (10-year range 7×–43.1×, median 24.1×).

7× 43.1×

Shaded band = 10-year range (7×–43.1×); dot = today's 7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Return on assets1.4%1.0%0.7%-2.5%3.6%-9.8%2.8%2.4%2.9%2.5%
Return on equity9.7%6.5%4.2%-11.6%12.9%-26.9%11.2%8.8%9.9%10.3%

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.