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The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2025-03-05), Two Harbors Investment's share price is $13.80. Two Harbors Investment's Book Value per Share for the quarter that ended in Dec. 2024 was $14.67. Hence, Two Harbors Investment's PB Ratio of today is 0.94.
The historical rank and industry rank for Two Harbors Investment's PB Ratio or its related term are showing as below:
During the past 13 years, Two Harbors Investment's highest PB Ratio was 1.15. The lowest was 0.32. And the median was 0.85.
During the past 12 months, Two Harbors Investment's average Book Value Per Share Growth Rate was -4.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -14.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -23.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -18.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Two Harbors Investment was 19.40% per year. The lowest was -32.50% per year. And the median was -9.20% per year.
The historical data trend for Two Harbors Investment's PB Ratio 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.
Two Harbors Investment Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
PB Ratio | Get a 7-Day Free Trial |
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0.83 | 0.97 | 0.88 | 0.90 | 0.81 |
Two Harbors Investment Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
PB Ratio | Get a 7-Day Free Trial |
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0.90 | 0.84 | 0.86 | 0.92 | 0.81 |
For the REIT - Mortgage subindustry, Two Harbors Investment'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.
For the REITs industry and Real Estate sector, Two Harbors Investment's PB Ratio distribution charts can be found below:
* The bar in red indicates where Two Harbors Investment's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Two Harbors Investment's PB Ratio for today is calculated as follows:
PB Ratio | = | Share Price | / | Book Value per Share (Q: Dec. 2024) |
= | 13.80 | / | 14.671 | |
= | 0.94 |
* 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.
It can also be calculated from the numbers for the whole company:
PB Ratio | = | Market Cap | / | (Total Stockholders Equity | - | Preferred Stock) |
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Two Harbors Investment (NYSE:TWO) PB Ratio Explanation
Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Thank you for viewing the detailed overview of Two Harbors Investment's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Rush | officer: Vice President & CRO | 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416 |
Alecia Hanson | officer: Vice President & CAO | 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416 |
William Ross Greenberg | officer: Co-Chief Investment Officer | 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416 |
Rebecca B Sandberg | officer: General Counsel and Secretary | 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416 |
Nicholas Letica | officer: Vice Pres. & Chief Inv. Off. | 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416 |
Nathan Boucher | other: EVP General Counsel RoundPoint | 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416 |
Mary Kathryn Riskey | officer: Chief Accounting Officer | 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416 |
Spencer Abraham | director | 600 14TH STREET, NW, SUITE 500, WASHINGTON DC 20005 |
Stephen G Kasnet | director | 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416 |
Jason Vinar | officer: Vice President & Head of MSR | 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416 |
Matthew Keen | officer: Vice President & CTO | 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416 |
David B Hughes | other: EVP Servicing Ops RoundPoint | 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416 |
James J Bender | director | 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416 |
Matthew Koeppen | officer: Co-Chief Investment Officer | 601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305 |
Thomas Siering | director, officer: Chief Executive Officer & Pres | TWO HARBORS INVESTMENT CORP., 601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305 |
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