Granite Point Mortgage Trust (Granite Point Mortgage Trust) PB Ratio

: 0.25 (As of Today)

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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 (2024-04-19), Granite Point Mortgage Trust's share price is $4.31. Granite Point Mortgage Trust's Book Value per Share for the quarter that ended in Dec. 2023 was $16.98. Hence, Granite Point Mortgage Trust's PB Ratio of today is 0.25.

Good Sign:

Granite Point Mortgage Trust Inc stock PB Ratio (=0.25) is close to 3-year low of 0.23

The historical rank and industry rank for Granite Point Mortgage Trust's PB Ratio or its related term are showing as below:

GPMT' s PB Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.71 Max: 1.86
Current: 0.25

During the past 9 years, Granite Point Mortgage Trust's highest PB Ratio was 1.86. The lowest was 0.15. And the median was 0.71.

GPMT's PB Ratio is ranked better than
96.14% of 854 companies
in the REITs industry
Industry Median: 0.83 vs GPMT: 0.25

During the past 12 months, Granite Point Mortgage Trust's average Book Value Per Share Growth Rate was -9.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 0.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -1.20% per year.

During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Granite Point Mortgage Trust was 23.30% per year. The lowest was -4.00% per year. And the median was 0.25% per year.

Back to Basics: PB Ratio

Granite Point Mortgage Trust PB Ratio Historical Data

The historical data trend for Granite Point Mortgage Trust'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.

* Premium members only.

Granite Point Mortgage Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

0.99

0.59

0.62

0.29

0.35

Granite Point Mortgage Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio																0.29	0.27	0.30	0.28	0.35

Competitive Comparison

For the REIT - Mortgage subindustry, Granite Point Mortgage Trust'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.

Granite Point Mortgage Trust PB Ratio Distribution

For the REITs industry and Real Estate sector, Granite Point Mortgage Trust's PB Ratio distribution charts can be found below:

* The bar in red indicates where Granite Point Mortgage Trust's PB Ratio falls into.

Granite Point Mortgage Trust PB Ratio Calculation

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.

Granite Point Mortgage Trust's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	4.31	/	16.98
	=	0.25

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.

Granite Point Mortgage Trust (NYSE:GPMT) 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.

Granite Point Mortgage Trust PB Ratio Related Terms

Thank you for viewing the detailed overview of Granite Point Mortgage Trust's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Granite Point Mortgage Trust (Granite Point Mortgage Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Granite Point Mortgage Trust Inc (NYSE:GPMT) » Definitions » PB Ratio

Comparable Companies

AOMR NREF REFI SEVN SACH IVR AAIC ORC AJX MITT NLY STWD AGNC RITM BXMT ABR RC CMTG ARI LADR

Traded in Other Exchanges

GPMTpA.PFD:USA G18:Germany

Address

3 Bryant Park, Suite 2400A, New York, NY, USA, 10036

Website

https://www.gpmtreit.com

Granite Point Mortgage Trust Inc focuses on directly originating, investing in, and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. The company constructs its investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity, and diversification, and assesses each investment from a fundamental value perspective relative to other opportunities available in the market. It typically provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancing, and a range of business plans, including lease-up, renovation, repositioning, and repurposing of the property.

Executives

John A Taylor	director, officer: President and CEO	3 BRYANT PARK, #2400A, NEW YORK NY 10036
Marcin Urbaszek	officer: Chief Financial Officer	3 BRYANT PARK, 24TH FLOOR, NEW YORK NY 10036
Sheila K. Mcgrath	director	3 BRYANT PARK, SUITE 2400A, NEW YORK NY 10036
William Reid Sanders	director	C/O TWO HARBORS INVESTMENT CORP., 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Stephen Alpart	officer: Chief Investment Officer	3 BRYANT PARK, 24TH FLOOR, NEW YORK NY 10036
Steven Plust	officer: Chief Operating Officer	3 BRYANT PARK, 24TH FLOOR, NEW YORK NY 10036
Michael J. Karber	officer: General Counsel and Secretary	3 BRYANT PARK, 24TH FLOOR, NEW YORK NY 10036
Peter M. Morral	officer: Chief Development Officer	3 BRYANT PARK, SUITE 2400A, NEW YORK NY 10036
Devin Chen	director	650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Rebecca B Sandberg	officer: General Counsel and Secretary	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Brian Taylor	director	C/O PINE RIVER CAPITAL MANAGEMENT, 601 CARLSON PARKWAY, 7TH FLOOR, MINNETONKA MN 55305
William Roth	director	TWO HARBORS INVESTMENT CORP., 601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305
Two Harbors Investment Corp.	10 percent owner	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Capitol Acquisition Corp	10 percent owner	601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305
Two Harbors Operating Co Llc	10 percent owner	601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305