Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Ellington FinancialEFC +0.73%71 Debt-to-Equity is 9.40 as of Jun. 2026, which is 150% above its 10-year median of 3.76. GuruFocus rates EFC with a GF Score™ of 71/100 and a GF Value™ of $11.95 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 683 REITs companies, Ellington Financial ranks worse than 98.98% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Ellington Financial's Debt-to-Equity or its related term are showing as below:
EFC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.55 Med: 3.76 Max: 10.37
Current: 9.4
During the past 13 years, the highest Debt-to-Equity Ratio of Ellington Financial was 10.37. The lowest was 1.55. And the median was 3.76.
EFC's Debt-to-Equity is ranked worse than 98.98% of 683
companies
in the REITs industry
Industry Median: 0.78
vs EFC: 9.40
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Ellington Financial Debt-to-Equity Related Terms
Ellington Financial Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Ellington Financial's Debt-to-Equity 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.
For the REIT - Mortgage subindustry, Ellington Financial's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Financial Debt-to-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Ellington Financial's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Ellington Financial's Debt-to-Equity falls into.
* 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.
Ellington Financial (EFC) has a Debt-to-Equity of 9.40 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ellington Financial and its competitors. This is 150% above median its historical median of 3.76. Over the past decade, Ellington Financial's Debt-to-Equity has ranged from 1.55 to 10.37. According to the industry distribution chart, Ellington Financial ranks #676 out of 683 companies in the REITs industry, placing it in the top 99%.
Is Ellington Financial's Debt-to-Equity too high?
Ellington Financial's current Debt-to-Equity of 9.40 is 150% above median its 10-year median of 3.76. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 10.37. The REITs industry median Debt-to-Equity is 0.78. Ellington Financial's value of 9.40 is 1105.1% above this industry median. Based on the distribution chart, Ellington Financial ranks #676 out of 683 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Ellington Financial has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ellington Financial's Debt-to-Equity compare to ARR and ORC?
According to the REITs industry distribution chart, Ellington Financial ranks #676 out of 683 companies for Debt-to-Equity. This places Ellington Financial in the lower half of its industry. The industry median Debt-to-Equity is 0.78. Ellington Financial's value of 9.40 is 1105.1% above this benchmark. Historically, Ellington Financial's own Debt-to-Equity has ranged from 1.55 to 10.37 over the past decade. While the company's 10-year median is 3.76 vs. the industry median of 0.78, Ellington Financial has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 683 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ellington Financial's current Debt-to-Equity of 9.40 is 1105.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ellington Financial and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ellington Financial's current Debt-to-Equity is 9.40, which is 150% above median its own 10-year median of 3.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ellington Financial stock overvalued right now?
Based on GuruFocus' analysis, Ellington Financial (EFC) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.95, compared to a current price of $13.71 — trading 14.7% above its estimated fair value. The current Debt-to-Equity is 9.40, which is 150% above median its 10-year median of 3.76 and 1105.1% above the REITs industry median of 0.78. Ellington Financial's overall GF Score™ is 71/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Ellington Financial (EFC), the current Debt-to-Equity is 9.40 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ellington Financial (EFC) Overvalued in 2026?
Based on GuruFocus' analysis, Ellington Financial stock appears to be overvalued.
The current stock price of $13.71 is trading 14.7% above its estimated GF Value™ of $11.95.
GuruFocus considers Ellington Financial to be Modestly Overvalued.
Key valuation signals for EFC:
Debt-to-Equity: 9.40 (150% above median its 10-year median of 3.76)
GF Value™: $11.95 vs. price of $13.71 (14.7% above fair value)
Industry Position: 1105.1% above the REITs median (#676 of 683)
No single metric tells the full story. See the EFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ellington Financial Inc is a specialty finance company. Its primary investment objective is to generate attractive, risk-adjusted total returns for its shareholders by making investments. The company has two reportable segments; The Investment Portfolio Segment is focused on investing in a diverse array of financial assets, including residential and commercial mortgage loans, residential mortgage-backed securities, non-mortgage- and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments, and The Longbridge Segment is focused on the origination and servicing of reverse mortgage loans. It acquires reverse mortgage loans both through its origination activities and through secondary market purchases.
71GF Score
Get the complete analysis for EFC
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
EFC has been successfully added to your 
