As at May 3, 2024, the PMT stock has a PE ratio of 8.8. This is based on the current EPS of $1.67 and the stock price of $14.7 per share. A decrease of 26% has been seen in the P/E ratio compared to the average of 11.9 of the last 4 quarters.
The mean historical PE ratio of PennyMac Mortgage Investment Trust over the last ten years is 20.04. The current 8.8 PE ratio is 56% below the historical average. Over the past ten years, PMT's PE ratio was at its highest in the Sep 2020 quarter at 200.88, with a price of $16.07 and an EPS of $0.08. The Mar 2021 quarter recorded the bottom point at 2.81, with a price of $19.6 and an EPS of $6.97.
Maximum annual increase: 642.03% in 2020
Maximum annual decrease: -30.09% in 2017
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 8.31 | N/A |
| 2022 | N/A | N/A |
| 2021 | 66.65 | 2.3% |
| 2020 | 65.15 | 642.03% |
| 2019 | 8.78 | -1.46% |
| 2018 | 8.91 | -15.14% |
| 2017 | 10.5 | -30.09% |
| 2016 | 15.02 | 17.16% |
| 2015 | 12.82 | 59.25% |
| 2014 | 8.05 | 9.67% |
Currently, PMT's PE ratio is below the 3, 5 and 10-year averages.
PMT's PE ratio is lower than its peer stocks ADC and SBRA.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PMT PennyMac Mortgage Investment Trust | 8.8 | $1.28B |
| ADC Agree Realty Corp | 34.58 | $5.91B |
| ROIC Retail Opportunity Investments Corp | 41.27 | $1.58B |
| SBRA Sabra Health Care REIT Inc | 239.17 | $3.32B |
| AHT Ashford Hospitality Trust Inc | N/A | $49.14M |
PMT's price to earnings ratio is 8.8 as of May 3, 2024.
As an average over the last 3 years, PMT stock has a PE ratio of 19.57.
As an average over the last 5 years, PMT stock has a PE ratio of 33.23.
In the last ten years, the Sep 2020 quarter recorded the highest quarterly PE ratio at 200.88.
PMT's current price to earnings ratio is 56% below its 10-year historical average.
PMT's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (May 3, 2024), PennyMac Mortgage Investment Trust's stock price is $14.7. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $1.67. Therefore, PennyMac Mortgage Investment Trust's P/E ratio for today is 8.8. PE RATIO(8.8) = STOCK PRICE($14.7) / TTM EPS($1.67)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.