NLY
Annaly Capital Management
PE ratio, current and historical analysis
- Stocks
- Real Estate
- NYSE: NLY
- PE Ratio
The current PE ratio for Annaly Capital Management stock as of Jun 22, 2026 is 7.29. This is calculated based on the TTM EPS of $3.04 and the stock price of $22.16 per share. The PE ratio marks a decrease of 30% from its last 4 quarters average of 10.4.
NLY PE ratio history
The average historical PE ratio of Annaly Capital Management for the last ten years is 10.51. The current P/E ratio of 7.29 is 31% lower than the historical average. Looking back at the last ten years, NLY's PE ratio peaked in the Sep 2016 quarter at 95.45, when the price was $42 and the EPS was $0.44. The lowest point was in the Sep 2022 quarter, when it reached 2.14 with a price of $17.16 and an EPS of $8.03.
Annaly Capital Management PE ratio by year
Maximum annual increase: 411.74% in 2011
Maximum annual decrease: -81.41% in 2012
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 7.66 | -32.21% | $22.36 | $2.92 |
| 2024 | 11.3 | N/A | $18.3 | $1.62 |
| 2023 | N/A | N/A | $19.37 | -$3.61 |
| 2022 | 5.36 | 9.61% | $21.08 | $3.93 |
| 2021 | 4.89 | N/A | $31.28 | $6.4 |
| 2020 | N/A | N/A | $33.8 | -$2.92 |
| 2019 | N/A | N/A | $37.68 | -$6.4 |
| 2018 | N/A | N/A | $39.28 | -$0.24 |
| 2017 | 8.65 | 21.49% | $47.56 | $5.5 |
| 2016 | 7.12 | -68.11% | $39.88 | $5.6 |
| 2015 | 22.33 | N/A | $37.52 | $1.68 |
| 2014 | N/A | N/A | $43.24 | -$3.84 |
| 2013 | 2.59 | -67.71% | $39.88 | $15.4 |
| 2012 | 8.02 | -81.41% | $56.16 | $7 |
| 2011 | 43.14 | 411.74% | $63.84 | $1.48 |
Annaly Capital Management PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 6.96 | -9.14% | $21.15 | $3.04 |
| Dec 2025 | 7.66 | -16.19% | $22.36 | $2.92 |
| Sep 2025 | 9.14 | -49% | $20.21 | $2.21 |
| Jun 2025 | 17.92 | -17.95% | $18.82 | $1.05 |
| Mar 2025 | 21.84 | 93.27% | $20.31 | $0.93 |
| Dec 2024 | 11.3 | N/A | $18.3 | $1.62 |
| Sep 2024 | N/A | N/A | $20.07 | -$0.07 |
| Jun 2024 | N/A | N/A | $19.06 | -$1.33 |
| Mar 2024 | N/A | N/A | $19.69 | -$0.97 |
| Dec 2023 | N/A | N/A | $19.37 | -$3.61 |
| Sep 2023 | N/A | N/A | $18.81 | -$5.26 |
| Jun 2023 | N/A | N/A | $20.01 | -$4.75 |
| Mar 2023 | N/A | N/A | $19.11 | -$2.81 |
| Dec 2022 | 5.36 | 150.47% | $21.08 | $3.93 |
| Sep 2022 | 2.14 | -8.55% | $17.16 | $8.03 |
NLY Price vs fair value
NLY 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.
Currently, NLY's PE ratio is lower than its 3, 5 and 10-year averages.
PE comparison
Annaly Capital Management's price to earnings (P/E) of 7.29 is lower than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 23.85, Annaly Capital Management's price to earnings (P/E) is 69% lower.
NLY PE vs peers
In comparison to its peer stocks IRM and NNN, NLY's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NLY Annaly Capital Management Inc | 7.33 | $16.32B |
| MFA Mfa Financial Inc | 10.58 | $957.04M |
| NNN National Retail Properties Inc | 22.45 | $8.76B |
| IRM Iron Mountain Inc | 144.63 | $39.59B |
| MAC Macerich Co | N/A | $6.38B |
Frequently asked questions
What is Annaly Capital Management's PE ratio?
NLY stock has a price to earnings ratio of 7.29 as of Jun 22, 2026.
What is the 3-year average PE ratio for Annaly Capital Management (NLY)?
The 3-year average price to earnings ratio for NLY stock is 12.47.
What is the 5-year average PE ratio for Annaly Capital Management (NLY)?
The 5-year average price to earnings ratio for NLY stock is 7.83.
What is the highest PE ratio for NLY?
Over the last ten years, the quarterly PE ratio reached its highest level at 95.45 in the Sep 2016 quarter.
How does the current PE ratio for NLY compare to its historical average?
The current PE ratio of NLY is 31% lower than the 10-year historical average.
Why is Annaly Capital Management's PE ratio so low?
NLY's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
How is NLY's PE ratio calculated (Annaly Capital Management PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jun 22, 2026), Annaly Capital Management's share price is $22.16. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $3.04. Therefore, Annaly Capital Management's PE ratio for today is 7.29. PE RATIO(7.29) = STOCK PRICE($22.16) / TTM EPS($3.04)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.