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PennyMac Mortgage Investment Trust PMT

NYSE · reit · Real Estate Investment Trusts · website · IPO 2009-07-30 · LEI

PennyMac Mortgage Investment Trust statistics & valuation

Market cap$939.2M
P / E7.3×
P / B0.5×
Dividend yield14.84%
Return on equity6.8%
Net debt$1.1B
Enterprise value USD$2.0B
Graham number +131.9%$21.98

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 ($21.98); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
5.60% 7.60% 9.80% 9.20% 2.30% 2.40% -3.70% 10.20% 8.30% 6.80% 2016201720182019202020212022202320242025
Shares outstanding
77.1M 74.6M 69.4M 100.2M 99.4M 97.4M 91.4M 111.7M 86.9M 87.0M 2016201720182019202020212022202320242025
Net debt ($)
$584.1M $951.6M $2.16B $4.49B $5.07B $5.15B $1.01B $1.09B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.20% 2.10% 2.00% 1.90% 0.50% 0.40% -0.50% 1.50% 1.10% 0.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.43× 0.65× 0.88× 1.90× 2.58× 2.63× 0.52× 0.58× 2016201720182019202020212022202320242025
EPS ($)
$1.08 $1.48 $1.99 $2.42 $0.27 $0.26 -$1.26 $1.63 $1.37 $0.99 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

PennyMac Mortgage Investment Trust trades at about 9.6× earnings — below its 10-year norm (10-year range 8.8×–68.5×, median 11.7×).

8.8× 68.5×

Shaded band = 10-year range (8.8×–68.5×); dot = today's 9.6×.

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
Net margin———————43.5%37.0%27.9%
Return on assets0.6%1.1%1.5%-0.5%0.4%0.5%1.9%2.0%2.1%1.2%
Return on equity6.8%8.3%10.2%-3.7%2.4%2.3%9.2%9.8%7.6%5.6%
Debt / equity0.58×0.52×2.63×2.58×1.90×—0.88×0.65×0.43×—

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