EARN (Ellington Credit Co) Book Value per Share : $6.85 (As of Sep. 2024)

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What is Ellington Credit Co Book Value per Share?

Ellington Credit Co's book value per share for the quarter that ended in Sep. 2024 was $6.85.

During the past 12 months, Ellington Credit Co's average Book Value Per Share Growth Rate was -6.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -15.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -9.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -6.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ellington Credit Co was 78.00% per year. The lowest was -15.40% per year. And the median was -5.50% per year.

Ellington Credit Co's current price is $5.40. Its book value per share for the quarter that ended in Sep. 2024 was $6.85. Hence, today's PB Ratio of Ellington Credit Co is 0.79.

During the past 13 years, the highest P/B Ratio of Ellington Credit Co was 1.06. The lowest was 0.71. And the median was 0.89.

Good Sign:

Ellington Credit Co stock PB Ratio (=0.82) is close to 2-year low of 0.75.

Ellington Credit Co Book Value per Share Historical Data

The historical data trend for Ellington Credit Co's Book Value per Share 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.

Ellington Credit Co Book Value per Share Chart

Ellington Credit Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Book Value per Share

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13.48

11.76

8.40

7.32

6.53

Ellington Credit Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Book Value per Share	Get a 7-Day Free Trial															7.32	7.21	6.91	6.85	6.53

Competitive Comparison of Ellington Credit Co's Book Value per Share

For the Asset Management subindustry, Ellington Credit Co's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Ellington Credit Co's PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ellington Credit Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Ellington Credit Co's PB Ratio falls into.

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Ellington Credit Co Book Value per Share Calculation

Ellington Credit Co's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(136.24	-	0.00)	/	18.60
	=	7.32

Ellington Credit Co's Book Value Per Share for the quarter that ended in Sep. 2024 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(191.63	-	0.00)	/	27.97
	=	6.85

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Ellington Credit Co (NYSE:EARN) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Ellington Credit Co Book Value per Share Related Terms

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Ellington Credit Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ellington Credit Co (NYSE:EARN) » Definitions » Book Value per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

53 Forest Avenue, Old Greenwich, CT, USA, 06870

Website

https://www.ellingtoncredit.com

Ellington Credit Co is focused on corporate collateralized loan obligations (CLOs). It focuses on acquiring, investing in, and managing secondary CLO mezzanine debt and equity tranches. The company relies on risk management, including disciplined liquidity management and selective use of credit hedges, to preserve book value during times of stress. It also leverages Ellington's proprietary technology, analytics, and risk management systems to enhance underwriting and investment selection and to guide ongoing portfolio monitoring and surveillance.