NREF
NexPoint Real Estate Finance
PE ratio, current and historical analysis
- Stocks
- Real Estate
- NYSE: NREF
- PE Ratio
As of Jul 2, 2026, the NexPoint Real Estate Finance stock's PE ratio is 4.06. This results from the current EPS of $3.87 and stock price of $15.73. The PE ratio has grown by 10% from the past four quarters average of 3.7.
NREF PE ratio history
The PE ratio of NexPoint Real Estate Finance has averaged 10.9 over the last six years. The current P/E ratio of 4.06 is 63% lower than the historical average. In the past six years, NREF's PE ratio peaked in the Dec 2022 quarter at 72.23, when the stock price was $15.89 and the EPS was $0.22. The lowest point was in the Sep 2021 quarter, when it reached 3.03 with a price of $19.48 and an EPS of $6.43.
NexPoint Real Estate Finance PE ratio by year
Maximum annual increase: 2,150.16% in 2022
Maximum annual decrease: -78.61% in 2025
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 3.29 | -78.61% | $14.08 | $4.28 |
| 2024 | 15.38 | -41.41% | $15.69 | $1.02 |
| 2023 | 26.25 | -63.66% | $15.75 | $0.6 |
| 2022 | 72.23 | 2,150.16% | $15.89 | $0.22 |
| 2021 | 3.21 | -58.63% | $19.25 | $6 |
| 2020 | 7.76 | N/A | $16.52 | $2.13 |
NexPoint Real Estate Finance PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 3.48 | 5.78% | $13.47 | $3.87 |
| Dec 2025 | 3.29 | -5.19% | $14.08 | $4.28 |
| Sep 2025 | 3.47 | -23.74% | $14.18 | $4.09 |
| Jun 2025 | 4.55 | -17.57% | $13.79 | $3.03 |
| Mar 2025 | 5.52 | -64.11% | $15.29 | $2.77 |
| Dec 2024 | 15.38 | 28.92% | $15.69 | $1.02 |
| Sep 2024 | 11.93 | N/A | $15.63 | $1.31 |
| Jun 2024 | N/A | N/A | $13.72 | -$0.51 |
| Mar 2024 | N/A | N/A | $14.36 | -$0.61 |
| Dec 2023 | 26.25 | N/A | $15.75 | $0.6 |
| Sep 2023 | N/A | N/A | $16.36 | -$0.45 |
| Jun 2023 | N/A | N/A | $15.59 | -$0.17 |
| Mar 2023 | N/A | N/A | $15.67 | -$0.24 |
| Dec 2022 | 72.23 | 772.34% | $15.89 | $0.22 |
| Sep 2022 | 8.28 | 78.06% | $14.98 | $1.81 |
NREF Price vs fair value
NREF 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, NREF's PE ratio is lower than the 3 and 5-year averages.
PE comparison
With a P/E of 4.06, NREF stands below the Real Estate sector and the industry average. In comparison with its Real Estate sector average of 25.41, NexPoint Real Estate Finance's P/E is 84% lower.
Frequently asked questions
What is NexPoint Real Estate Finance's PE ratio?
NREF's price to earnings ratio is 4.06 as of Jul 2, 2026.
What is the 3-year average PE ratio for NexPoint Real Estate Finance (NREF)?
As an average over the last 3 years, NREF stock has a PE ratio of 9.23.
What is the 5-year average PE ratio for NexPoint Real Estate Finance (NREF)?
As an average over the last 5 years, NREF stock has a PE ratio of 12.12.
What is the highest PE ratio for NREF?
In the last six years, the Dec 2022 quarter recorded the highest quarterly PE ratio at 72.23.
How does the current PE ratio for NREF compare to its historical average?
NREF's price to earnings ratio is currently 63% below its 6-year historical average.
Why is NexPoint Real Estate Finance's PE ratio so low?
NREF's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
How is NREF's PE ratio calculated (NexPoint Real Estate Finance PE ratio formula)?
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jul 2, 2026), NexPoint Real Estate Finance's stock price is $15.73. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $3.87. Therefore, NexPoint Real Estate Finance's PE ratio for today is 4.06. PE RATIO(4.06) = STOCK PRICE($15.73) / TTM EPS($3.87)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.