Latest Ratios: P/E Ratio -1.2x · EV/EBITDA 20.7x · ROE -7.0%. (2015–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $69M | $115M | $137M | $307M | $284M | $643M | $551M | $976M | $938M | $767M | — |
| Enterprise Value | $1.2B | $1.2B | $1.5B | $2.1B | $2.6B | $2.7B | $1.8B | $2.4B | $1.8B | $781M | — |
| P/E Ratio → | -1.24 | — | — | — | — | 9.52 | — | 13.92 | 14.90 | 29.57 | — |
| P/S Ratio | 0.47 | 0.79 | — | — | 3.63 | 7.35 | 5.25 | 9.13 | 10.24 | 6.51 | — |
| P/B Ratio | 0.12 | 0.21 | 0.22 | 0.36 | 0.29 | 0.63 | 0.59 | 0.96 | 1.13 | 0.93 | — |
| P/FCF | 25.87 | 43.08 | 22.86 | 5.89 | 4.82 | 10.67 | 27.20 | 15.77 | 16.34 | 39.45 | — |
| P/OCF | 25.87 | 43.08 | 15.64 | 5.89 | 4.82 | 10.67 | 27.20 | 15.77 | 15.04 | 25.15 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 8.40 | — | — | 32.98 | 30.99 | 17.32 | 22.14 | 20.13 | 6.62 | — |
| EV / EBITDA | 20.66 | 21.47 | — | — | — | — | — | — | 11.93 | 8.15 | — |
| EV / EBIT | 18.55 | 21.47 | — | — | — | — | — | — | 11.93 | 8.15 | — |
| EV / FCF | — | 457.80 | 254.15 | 39.73 | 43.82 | 44.98 | 89.73 | 38.22 | 32.11 | 40.15 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 83.0% | 83.0% | 103.2% | 123.4% | 100.0% | 100.0% | 100.0% | 100.0% | 82.5% | 90.7% | 87.3% |
| Operating Margin | 43.6% | 43.6% | 115.0% | 219.2% | — | — | — | — | 168.7% | 81.3% | 76.0% |
| Net Profit Margin | -28.3% | -28.3% | 125.1% | 278.7% | -52.2% | 78.1% | -38.5% | 65.7% | 68.9% | 45.2% | 57.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -7.0% | -7.0% | -28.0% | -6.9% | -4.1% | 7.0% | -4.1% | 7.6% | 7.6% | 8.5% | 7.7% |
| ROA | -2.1% | -2.1% | -8.3% | -2.0% | -1.1% | 1.7% | -0.9% | 1.8% | 2.2% | 2.7% | 3.2% |
| ROIC | 2.6% | 2.6% | -6.2% | -1.3% | — | — | — | — | 9.0% | 7.9% | 4.4% |
| ROCE | 4.6% | 4.6% | -11.0% | -2.1% | — | — | — | — | 7.4% | 15.2% | 10.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.12 | 2.12 | 2.38 | 2.27 | 2.47 | 2.23 | 1.64 | 1.44 | 1.21 | 0.15 | 1.39 |
| Debt / EBITDA | 20.61 | 20.61 | — | — | — | — | — | — | 6.45 | 1.27 | 12.80 |
| Net Debt / Equity | — | 2.00 | 2.24 | 2.05 | 2.33 | 2.04 | 1.36 | 1.36 | 1.09 | 0.02 | 1.26 |
| Net Debt / EBITDA | 19.45 | 19.45 | — | — | — | — | — | — | 5.86 | 0.14 | 11.59 |
| Debt / FCF | — | 414.72 | 231.29 | 33.84 | 39.00 | 34.32 | 62.53 | 22.45 | 15.77 | 0.70 | 15.14 |
| Interest Coverage | 0.58 | 0.58 | -1.27 | -0.27 | — | — | — | -0.00 | 1.69 | 2.26 | 4.20 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.14 | 0.14 | 3.35 | 3.14 | 4.95 | 7.03 | 5.47 | 0.14 | 4.63 | 0.07 | 0.06 |
| Quick Ratio | 0.14 | 0.14 | 3.35 | 3.14 | 4.95 | 7.03 | 5.47 | 0.14 | 4.63 | 0.07 | 0.06 |
| Cash Ratio | 0.13 | 0.13 | 0.15 | 0.21 | 0.19 | 6.66 | 5.22 | 0.13 | 4.22 | 0.06 | 0.05 |
| Asset Turnover | — | 0.08 | -0.08 | -0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.05 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 15.0% | 9.0% | 17.5% | 14.0% | 19.1% | 10.4% | 6.2% | 8.8% | 7.3% | 1.8% | — |
| Payout Ratio | — | — | — | — | — | 97.5% | — | 122.9% | 108.7% | 26.0% | 294.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 10.5% | — | 7.2% | 6.7% | 3.4% | — |
| FCF Yield | 3.9% | 2.3% | 4.4% | 17.0% | 20.7% | 9.4% | 3.7% | 6.3% | 6.1% | 2.5% | — |
| Buyback Yield | 8.2% | 4.9% | 5.6% | 3.7% | 5.5% | 2.8% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 23.2% | 14.0% | 23.1% | 17.7% | 24.6% | 13.1% | 6.2% | 8.8% | 7.3% | 1.8% | — |
| Shares Outstanding | — | $48M | $49M | $52M | $53M | $55M | $55M | $53M | $52M | $43M | $43M |
Transitional office loan impairments
According to recent market data, GPMT trades at a P/B ratio of 0.12, a valuation level that suggests investors are heavily discounting the company's book value due to persistent concerns regarding the recoverability of its transitional office loan portfolio and the potential for further credit impairments.
The absence of a meaningful P/FFO multiple highlights the market's focus on liquidation value rather than earnings power. This extreme discount relative to peers indicates that the market views the company's internal asset marks as potentially optimistic, warranting caution regarding the true net asset value.
As reported in financial statements, GPMT's NOI margin has fluctuated wildly from 100% to 0.8% over the last ten quarters, reflecting the severe impact of non-accrual events and the high costs associated with managing distressed collateral within the firm's transitional commercial real estate loan book.
The inability to maintain consistent property-level profitability suggests that the firm's core lending model is currently being undermined by credit deterioration. Investors should monitor whether the firm can stabilize these margins or if it will be forced to continue absorbing property-level operating expenses.
Based on the company's reported figures, the persistent negative FFO per share, including a -$0.11 result in 2026Q1, indicates that the current dividend payout is not supported by operational cash flow, raising significant concerns about the long-term viability of the firm's distribution policy for common shareholders.
The lack of positive AFFO suggests that the company is effectively paying dividends out of capital rather than earnings. This trend appears unsustainable and may necessitate further dividend adjustments to preserve liquidity as the firm navigates its current credit cycle.
As indicated by recent SEC filings, GPMT has aggressively reduced its debt profile, yet this trend appears to be a byproduct of forced portfolio liquidation rather than a strategic strengthening of the balance sheet, leaving the firm with a diminished asset base and limited operational flexibility.
The reduction in debt-to-equity metrics should be interpreted with caution, as it coincides with a significant decline in total assets and shareholder equity. This suggests that the firm is shrinking its footprint to survive, which may limit its ability to participate in future market opportunities.
Analysts frequently misapply the standard P/E ratio to GPMT, a metric that obscures the firm's true financial health by failing to account for the significant non-cash CECL provisions and depreciation that distort GAAP net income in the mortgage REIT sector.
Using P/E for a company with negative net margins and high credit loss provisions is deeply misleading, as it ignores the cash-generating capacity of the underlying loan portfolio. Investors should instead focus on Price-to-Adjusted-Book-Value and FFO-based metrics to better assess the firm's valuation and dividend coverage.
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying GPMT stock.
Granite Point Mortgage Trust Inc.'s current P/E ratio is -1.2x. The historical average is 17.0x.
Granite Point Mortgage Trust Inc.'s current EV/EBITDA is 20.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.8x.
Granite Point Mortgage Trust Inc.'s return on equity (ROE) is -7.0%. The historical average is -1.1%.
Based on historical data, Granite Point Mortgage Trust Inc. is trading at a P/E of -1.2x. Compare with industry peers and growth rates for a complete picture.
Granite Point Mortgage Trust Inc.'s current dividend yield is 15.04%.
Granite Point Mortgage Trust Inc. has 83.0% gross margin and 43.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Granite Point Mortgage Trust Inc.'s Debt/EBITDA ratio is 20.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.