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MFA FinancialMFA -0.34%24 EV-to-OCF is 28.51 as of Aug. 22, 2026, which is 11% above its 10-year median of 25.60. GuruFocus rates MFA with a GF Score™ of 24/100. The stock has 3 warning signs investors should review. Among 924 REITs companies, MFA Financial ranks worse than 76.84% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, MFA Financial's Enterprise Value is $7,191.5 Mil.
MFA Financial's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $252.2 Mil. Therefore, MFA Financial's EV-to-OCF for today is 28.51.
The historical rank and industry rank for MFA Financial's EV-to-OCF or its related term are showing as below:
MFA'
s EV-to-OCF Range Over the Past 10 Years
Min: 1.97 Med: 25.6 Max: 97.42
Current: 28.51
During the past 13 years, the highest EV-to-OCF of MFA Financial was 97.42. The lowest was 1.97. And the median was 25.60.
MFA's EV-to-OCF is ranked worse than 76.84% of 924
companies
in the REITs industry
Industry Median: 18.15
vs MFA: 28.51
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
MFA Financial's PE Ratio (TTM) for today is calculated as:
MFA Financial's share price for today is $8.91.
MFA Financial's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.000.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
MFA Financial EV-to-OCF Related Terms
MFA Financial EV-to-OCF Historical Data
* Premium members only.
The historical data trend for MFA Financial's EV-to-OCF 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, MFA Financial's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
MFA Financial EV-to-OCF vs REITs Industry
For the REITs industry and Real Estate sector, MFA Financial's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where MFA Financial's EV-to-OCF falls into.
MFA Financial's current Enterprise Value is $7,191.5 Mil.
MFA Financial's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $252.2 Mil.
* 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.
MFA Financial (MFA) has a EV-to-OCF of 28.51 as of Aug. 22, 2026. This is 11% above median its historical median of 25.60. Over the past decade, MFA Financial's EV-to-OCF has ranged from 1.97 to 97.42. According to the industry distribution chart, MFA Financial ranks #710 out of 924 companies in the REITs industry, placing it in the top 76.8%.
Is MFA Financial's EV-to-OCF too high?
MFA Financial's current EV-to-OCF of 28.51 is 11% above median its 10-year median of 25.60. Over the past 10 years, this metric has ranged from a low of 1.97 to a high of 97.42. The REITs industry median EV-to-OCF is 18.15. MFA Financial's value of 28.51 is 57.1% above this industry median. Based on the distribution chart, MFA Financial ranks #710 out of 924 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, MFA Financial has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does MFA Financial's EV-to-OCF compare to ABR and ARI?
According to the REITs industry distribution chart, MFA Financial ranks #710 out of 924 companies for EV-to-OCF. This places MFA Financial in the lower half of its industry. The industry median EV-to-OCF is 18.15. MFA Financial's value of 28.51 is 57.1% above this benchmark. Historically, MFA Financial's own EV-to-OCF has ranged from 1.97 to 97.42 over the past decade. While the company's 10-year median is 25.60 vs. the industry median of 18.15, MFA 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 EV-to-OCF for a REITs company?
The median EV-to-OCF among REITs companies is 18.15, based on 924 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MFA Financial's current EV-to-OCF of 28.51 is 57.1% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median EV-to-OCF is 18.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MFA Financial's current EV-to-OCF is 28.51, which is 11% above median its own 10-year median of 25.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MFA Financial stock overvalued right now?
MFA Financial (MFA) has a current EV-to-OCF of 28.51. The current EV-to-OCF is 28.51, which is 11% above median its 10-year median of 25.60 and 57.1% above the REITs industry median of 18.15. MFA Financial's overall GF Score™ is 24/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For MFA Financial (MFA), the current EV-to-OCF is 28.51 as of Aug. 22, 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.
MFA Financial Inc is a specialty finance company that invests in and finances residential mortgage assets. Its principal business objective is to deliver shareholder value through the generation of distributable income and through asset performance linked to residential mortgage credit fundamentals. The company selectively invests in residential mortgage assets with a focus on credit analysis, projected prepayment rates, interest rate sensitivity and expected return. The company's reportable segments include mortgage-related assets; and Lima One.
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