Western Asset Mortgage Capital (Western Asset Mortgage Capital) Price-to-Tangible-Book : 0.71 (As of Apr. 25, 2024)

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What is Western Asset Mortgage Capital Price-to-Tangible-Book?

As of today (2024-04-25), Western Asset Mortgage Capital's share price is $9.18. Western Asset Mortgage Capital's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was $12.89. Hence, Western Asset Mortgage Capital's Price to Tangible Book Ratio of today is 0.71.

The historical rank and industry rank for Western Asset Mortgage Capital's Price-to-Tangible-Book or its related term are showing as below:

WMC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.5 Med: 0.91 Max: 1.1
Current: 0.71

During the past 12 years, Western Asset Mortgage Capital's highest Price to Tangible Book Ratio was 1.10. The lowest was 0.50. And the median was 0.91.

WMC's Price-to-Tangible-Book is not ranked
in the REITs industry.
Industry Median: 0.84 vs WMC: 0.71

A closely related ratio is called PB Ratio. As of today, Western Asset Mortgage Capital's share price is $9.18. Western Asset Mortgage Capital's Book Value per Sharefor the quarter that ended in Sep. 2023 was $12.89. Hence, Western Asset Mortgage Capital's P/B Ratio of today is 0.71.

Western Asset Mortgage Capital Price-to-Tangible-Book Historical Data

The historical data trend for Western Asset Mortgage Capital's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Western Asset Mortgage Capital Price-to-Tangible-Book Chart

Western Asset Mortgage Capital Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.80

0.98

0.78

0.66

0.58

Western Asset Mortgage Capital Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.69	0.58	0.55	0.60	0.73

Competitive Comparison of Western Asset Mortgage Capital's Price-to-Tangible-Book

For the REIT - Mortgage subindustry, Western Asset Mortgage Capital's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Western Asset Mortgage Capital's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Western Asset Mortgage Capital's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Western Asset Mortgage Capital's Price-to-Tangible-Book falls into.

Western Asset Mortgage Capital Price-to-Tangible-Book Calculation

Western Asset Mortgage Capital's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	9.18	/	12.891
	=	0.71

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Western Asset Mortgage Capital Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Western Asset Mortgage Capital's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Western Asset Mortgage Capital (Western Asset Mortgage Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Western Asset Mortgage Capital Corp (NYSE:WMC) » Definitions » Price-to-Tangible-Book

Comparable Companies

LOAN ACR CHMI EARN LFT MITT AJX AAIC SACH SEVN NLY STWD AGNC RITM BXMT ABR RC CMTG ARI LADR

Traded in Other Exchanges

N/A

Address

385 East Colorado Boulevard, Pasadena, CA, USA, 91101

Website

https://www.westernassetmcc.com

Western Asset Mortgage Capital Corp is a specialty financial REIT company managing diversified mortgage-market investment portfolio. The corporation is externally managed by Western Asset Management Company and emphasizes on undervalued assets. It focuses on investing in, financing and managing majorly residential mortgage-backed securities, while its core focus is on Agency RMBS. The company aims to provide attractive risk-adjusted returns to its investors over the long-term across market conditions and economic cycles.

Executives

Robert W. Lehman	officer: Chief Financial Officer	C/O WESTERN ASSET MORTGAGE CAPITAL CORP, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Sean O. Johnson	officer: Deputy CIO	C/O WESTERN ASSET MORTGAGE CAPITAL CORP., 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Greg E. Handler	officer: Chief Investment Officer	C/O WESTERN ASSET MORTGAGE CAPITAL CORP., 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Elliott Neumayer	officer: Chief Operating Officer	385 EAST COLORADO BLVD, PASADENA CA 91101
Bonnie M. Wongtrakool	director, officer: Chief Executive Officer	C/O WESTERN ASSET MORTGAGE CAPITAL CORP, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Lisa Meyer	officer: Chief Financial Officer	C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Morgan Donald E Iii	10 percent owner	C/O BRIGADE CAPITAL MANAGEMENT, LLC, 717 FIFTH AVENUE, SUITE 1301, NEW YORK NY 10022
Brigade Capital Management, Lp	10 percent owner	399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Brigade Capital Management Gp, Llc	10 percent owner	399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Lisa G Quateman	director	C/O WESTERN ASSET MORTGAGE CAPITAL CORP., 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Jennifer Murphy	officer: President and CEO	LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Harris Trifon	officer: Chief Investment Officer	C/O WESTERN ASSET MORTGAGE CAPITAL CORP., 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Dennis Joseph Mcnamara	officer: Co-Chief Investment Officer	385 E. COLORADO BLVD., PASADENA CA 91101
M Christian Mitchell	director	355 S. GRAND AVE, SUITE 1750, LOS ANGELES CA 90071
Richard W Roll	director	C/O WESTERN ASSET MORTGAGE CAPITAL CORP, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101