NLY Annaly Capital Management PE ratio, current and historical analysis
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- NYSE: NLY
- PE Ratio
The current PE ratio for Annaly Capital Management stock as of Jun 16, 2025 is 20.67. This is calculated based on the TTM EPS of $0.93 and the stock price of $19.22 per share.
NLY PE ratio history
The average historical PE ratio of Annaly Capital Management for the last ten years is 17.89. The current P/E ratio of 20.67 is 16% higher than the historical average. Looking back at the last ten years, NLY's PE ratio peaked in the Jun 2015 quarter at 153.17, when the price was $36.76 and the EPS was $0.24. 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 history chart
Annaly Capital Management PE ratio by year
Maximum annual increase: 410.53% in 2011
Maximum annual decrease: -81.29% in 2012
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 | 8.68 | 21.06% | $47.56 | $5.48 |
| 2016 | 7.17 | -67.89% | $39.88 | $5.56 |
| 2015 | 22.33 | N/A | $37.52 | $1.68 |
| 2014 | N/A | N/A | $43.24 | -$3.84 |
| 2013 | 2.58 | -68.03% | $39.88 | $15.44 |
| 2012 | 8.07 | -81.29% | $56.16 | $6.96 |
| 2011 | 43.14 | 410.53% | $63.84 | $1.48 |
| 2010 | 8.45 | 72.8% | $71.68 | $8.48 |
Annaly Capital Management PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 |
| Jun 2022 | 2.34 | -42.22% | $23.64 | $10.09 |
| Mar 2022 | 4.05 | -17.18% | $28.16 | $6.96 |
| Dec 2021 | 4.89 | 12.16% | $31.28 | $6.4 |
| Sep 2021 | 4.36 | 12.37% | $33.68 | $7.72 |
NLY Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
NLY average PE ratio chart
Currently, NLY's PE ratio is higher than its 3, 5 and 10-year averages.
PE vs average
NLY PE vs peers
In comparison to its peer IRM, NLY's PE ratio is lower, but it is higher than NNN's and MFA's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MFA Mfa Financial Inc | 9.52 | $977.26M |
| NNN National Retail Properties Inc | 19.45 | $7.9B |
| NLY Annaly Capital Management Inc | 20.67 | $11.63B |
| IRM Iron Mountain Inc | 248.95 | $30.12B |
| MAC Macerich Co | N/A | $4.06B |
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Frequently asked questions
What is Annaly Capital Management's PE ratio?
NLY stock has a price to earnings ratio of 20.67 as of Jun 16, 2025.
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 8.6.
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 6.29.
What is the highest PE ratio for NLY?
Over the last ten years, the quarterly PE ratio reached its highest level at 153.17 in the Jun 2015 quarter.
How does the current PE ratio for NLY compare to its historical average?
The current PE ratio of NLY is 16% higher than the 10-year historical average.
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 16, 2025), Annaly Capital Management's share price is $19.22. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $0.93. Therefore, Annaly Capital Management's PE ratio for today is 20.67. PE RATIO(20.67) = STOCK PRICE($19.22) / TTM EPS($0.93)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.