REFI
Chicago Atlantic Real Estate Finance
PE ratio, current and historical analysis
- Stocks
- Real Estate
- NASDAQ: REFI
- PE Ratio
As of Jul 2, 2026, the Chicago Atlantic Real Estate Finance stock's price-to-earnings ratio is 7.37. This results from the current EPS of $1.45 and stock price of $10.68. The current PE ratio is nearly equal to the average from the previous four quarters.
REFI PE ratio history
The PE ratio of Chicago Atlantic Real Estate Finance has averaged 8.08 over the last five years. The current P/E ratio of 7.37 is 9% lower than the historical average. In the past five years, REFI's PE ratio peaked in the Dec 2021 quarter at 11.33, when the stock price was $16.65 and the EPS was $1.47. The lowest point was in the Mar 2023 quarter, when it reached 6.82 with a price of $13.51 and an EPS of $1.98.
Chicago Atlantic Real Estate Finance PE ratio by year
Maximum annual increase: 6.22% in 2024
Maximum annual decrease: -27.36% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 7.17 | -10.71% | $12.26 | $1.71 |
| 2024 | 8.03 | 6.22% | $15.42 | $1.92 |
| 2023 | 7.56 | -8.14% | $16.18 | $2.14 |
| 2022 | 8.23 | -27.36% | $15.07 | $1.83 |
| 2021 | 11.33 | N/A | $16.65 | $1.47 |
Chicago Atlantic Real Estate Finance PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 7.81 | 8.93% | $11.32 | $1.45 |
| Dec 2025 | 7.17 | -4.14% | $12.26 | $1.71 |
| Sep 2025 | 7.48 | -0.4% | $12.79 | $1.71 |
| Jun 2025 | 7.51 | -2.47% | $13.96 | $1.86 |
| Mar 2025 | 7.7 | -4.11% | $14.7 | $1.91 |
| Dec 2024 | 8.03 | 5.66% | $15.42 | $1.92 |
| Sep 2024 | 7.6 | 0% | $15.51 | $2.04 |
| Jun 2024 | 7.6 | -2.19% | $15.36 | $2.02 |
| Mar 2024 | 7.77 | 2.78% | $15.77 | $2.03 |
| Dec 2023 | 7.56 | 4.71% | $16.18 | $2.14 |
| Sep 2023 | 7.22 | -2.83% | $14.72 | $2.04 |
| Jun 2023 | 7.43 | 8.94% | $15.15 | $2.04 |
| Mar 2023 | 6.82 | -17.13% | $13.51 | $1.98 |
| Dec 2022 | 8.23 | -15.5% | $15.07 | $1.83 |
| Sep 2022 | 9.74 | 13.79% | $14.41 | $1.48 |
REFI Price vs fair value
REFI average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of REFI is lower than the 3-year average.
PE comparison
With a P/E of 7.37, REFI stands below the Real Estate sector, the industry and its peers average. In comparison with its Real Estate sector average of 25.41, Chicago Atlantic Real Estate Finance's P/E is 71% lower.
REFI PE vs peers
REFI's PE ratio stands lower than its peer stocks NLY and AGNC. Chicago Atlantic Real Estate Finance's current PE ratio of 7.37 is lower than the average of its peers, which is 12.87.
| Stock name | PE ratio | Market cap |
|---|---|---|
| REFI Chicago Atlantic Real Estate Finance Inc | 7.37 | $226.49M |
| NLY Annaly Capital Management Inc | 7.42 | $16.53B |
| RITM Rithm Capital Corporation | 8.26 | $5.08B |
| AGNC AGNC Investment Corp | 8.66 | $12.63B |
| PMT PennyMac Mortgage Investment Trust | 9.32 | $942.66M |
| IVR Invesco Mortgage Capital Inc | 10.19 | $728.66M |
| ABR Arbor Realty Trust Inc | 13.18 | $1.01B |
| STWD Starwood Property Trust Inc | 17.17 | $6.11B |
| BXMT Blackstone Mortgage Trust Inc | 28.75 | $2.91B |
| TWO Two Harbors Investment Corp | N/A | $1.27B |
Frequently asked questions
What is Chicago Atlantic Real Estate Finance's PE ratio?
As of Jul 2, 2026, REFI stock has a price to earnings ratio of 7.37.
What is the 3-year average PE ratio for Chicago Atlantic Real Estate Finance (REFI)?
As an average over the last 3 years, REFI stock has a PE ratio of 7.59.
What is the highest PE ratio for REFI?
Over the last five years, the quarterly PE ratio reached a historic high of 11.33 in the Dec 2021 quarter.
How does the current PE ratio for REFI compare to its historical average?
REFI's price to earnings ratio is currently 9% below its 5-year historical average.
Why is Chicago Atlantic Real Estate Finance's PE ratio so low?
REFI's PE ratio of 7.37 is considered low because the company's stock price is trading at a lower multiple of earnings.
How is REFI's PE ratio calculated (Chicago Atlantic Real Estate Finance PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jul 2, 2026), Chicago Atlantic Real Estate Finance's stock price is $10.68. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $1.45. Therefore, Chicago Atlantic Real Estate Finance's PE ratio for today is 7.37. PE RATIO(7.37) = STOCK PRICE($10.68) / TTM EPS($1.45)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.