MFA FinancialMFA +0.74%46 EV-to-FCF is 44.73 as of Jul. 10, 2026, which is 80% above its 10-year median of 24.86. GuruFocus rates MFA with a GF Score™ of 46/100 and a GF Value™ of $10.85 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 738 REITs companies, MFA Financial ranks worse than 78.46% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, MFA Financial's Enterprise Value is $7,240.1 Mil.
MFA Financial's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $161.9 Mil. Therefore, MFA Financial's EV-to-FCF for today is 44.73.
The historical rank and industry rank for MFA Financial's EV-to-FCF or its related term are showing as below:
MFA'
s EV-to-FCF Range Over the Past 10 Years
Min: 1.97 Med: 24.86 Max: 116.57
Current: 44.73
During the past 13 years, the highest EV-to-FCF of MFA Financial was 116.57. The lowest was 1.97. And the median was 24.86.
MFA's EV-to-FCF is ranked worse than 78.46% of 738
companies
in the REITs industry
Industry Median: 22.975
vs MFA: 44.73
EV-to-FCF 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-FCF 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 $9.50.
MFA Financial's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.870.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
MFA Financial EV-to-FCF Related Terms
MFA Financial EV-to-FCF Historical Data
* Premium members only.
The historical data trend for MFA Financial's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs REITs Industry
For the REITs industry and Real Estate sector, MFA Financial's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where MFA Financial's EV-to-FCF falls into.
MFA Financial's current Enterprise Value is $7,240.1 Mil.
MFA Financial's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $161.9 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-FCF of 44.73 as of Jul. 10, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on MFA Financial and its competitors. This is 80% above median its historical median of 24.86. Over the past decade, MFA Financial's EV-to-FCF has ranged from 1.97 to 116.57. According to the industry distribution chart, MFA Financial ranks #579 out of 738 companies in the REITs industry, placing it in the top 78.5%.
Is MFA Financial's EV-to-FCF too high?
MFA Financial's current EV-to-FCF of 44.73 is 80% above median its 10-year median of 24.86. Over the past 10 years, this metric has ranged from a low of 1.97 to a high of 116.57. The REITs industry median EV-to-FCF is 22.98. MFA Financial's value of 44.73 is 94.7% above this industry median. Based on the distribution chart, MFA Financial ranks #579 out of 738 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, MFA Financial has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MFA Financial's EV-to-FCF compare to ABR and PMT?
According to the REITs industry distribution chart, MFA Financial ranks #579 out of 738 companies for EV-to-FCF. This places MFA Financial in the lower half of its industry. The industry median EV-to-FCF is 22.98. MFA Financial's value of 44.73 is 94.7% above this benchmark. Historically, MFA Financial's own EV-to-FCF has ranged from 1.97 to 116.57 over the past decade. While the company's 10-year median is 24.86 vs. the industry median of 22.98, 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-FCF for a REITs company?
The median EV-to-FCF among REITs companies is 22.98, based on 738 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MFA Financial's current EV-to-FCF of 44.73 is 94.7% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on MFA Financial and its competitors. For the REITs industry, the median EV-to-FCF is 22.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MFA Financial's current EV-to-FCF is 44.73, which is 80% above median its own 10-year median of 24.86. 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?
Based on GuruFocus' analysis, MFA Financial (MFA) is currently considered Modestly Undervalued. The stock's GF Value™ is $10.85, compared to a current price of $9.50 — trading 12.4% below its estimated fair value. The current EV-to-FCF is 44.73, which is 80% above median its 10-year median of 24.86 and 94.7% above the REITs industry median of 22.98. MFA Financial's overall GF Score™ is 46/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For MFA Financial (MFA), the current EV-to-FCF is 44.73 as of Jul. 10, 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 MFA Financial (MFA) Overvalued in 2026?
Based on GuruFocus' analysis, MFA Financial stock appears to be undervalued.
The current stock price of $9.50 is trading 12.4% below its estimated GF Value™ of $10.85.
GuruFocus considers MFA Financial to be Modestly Undervalued.
Key valuation signals for MFA:
EV-to-FCF: 44.73 (80% above median its 10-year median of 24.86)
GF Value™: $10.85 vs. price of $9.50 (12.4% below fair value)
Industry Position: 94.7% above the REITs median (#579 of 738)
No single metric tells the full story. See the MFA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
46GF Score
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