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The historical rank and industry rank for Ellington Financial's Net Cash per Share or its related term are showing as below:
EFC's Price-to-Net-Cash is not ranked *
in the REITs industry.
Industry Median: 19.725 * Ranked among companies with meaningful Price-to-Net-Cash only.
Ellington Financial (NYSE:EFC) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Ellington Financial Net Cash per Share Related Terms
Ellington Financial Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Ellington Financial's Net Cash 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.
EFC vs ARR, ORC, TWO: Net Cash per Share Comparison
For the REIT - Mortgage subindustry, Ellington Financial's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs REITs Industry
For the REITs industry and Real Estate sector, Ellington Financial's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Ellington Financial's Price-to-Net-Cash falls into.
Ellington Financial Net Cash per Share Calculation
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Ellington Financial's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Net Cash per Share of $-147.14 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Ellington Financial and its competitors. According to the industry distribution chart, Ellington Financial ranks #999999 out of 102 companies in the REITs industry.
Is Ellington Financial's Net Cash per Share too high?
Ellington Financial's current Net Cash per Share is $-147.14. Based on the distribution chart, Ellington Financial ranks #999999 out of 102 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Ellington Financial has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ellington Financial's Net Cash per Share compare to ARR and ORC?
According to the REITs industry distribution chart, Ellington Financial ranks #999999 out of 102 companies for Net Cash per Share. This places Ellington Financial in the lower half of its industry. The industry median Net Cash per Share is 19.73. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a REITs company?
The median Net Cash per Share among REITs companies is 19.73, based on 102 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Ellington Financial and its competitors. For the REITs industry, the median Net Cash per Share is 19.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ellington Financial's current Net Cash per Share is $-147.14. 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 $11.30, compared to a current price of $12.68 — trading 12.2% above its estimated fair value. The current Net Cash per Share is $-147.14. Ellington Financial's overall GF Score™ is 72/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Ellington Financial (EFC), the current Net Cash per Share is $-147.14 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 $12.68 is trading 12.2% above its estimated GF Value™ of $11.30.
GuruFocus considers Ellington Financial to be Modestly Overvalued.
Key valuation signals for EFC:
Net Cash per Share: $-147.14
GF Value™: $11.30 vs. price of $12.68 (12.2% above fair value)
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.
72GF Score
Get the complete analysis for EFC
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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