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Two Harbors Investment (NYSE:TWO) PB Ratio

: 0.83 (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 (2024-03-03), Two Harbors Investment's share price is $12.76. Two Harbors Investment's Book Value per Share for the quarter that ended in Dec. 2023 was $15.41. Hence, Two Harbors Investment's PB Ratio of today is 0.83.

The historical rank and industry rank for Two Harbors Investment's PB Ratio or its related term are showing as below:

TWO' s PB Ratio Range Over the Past 10 Years
Min: 0.08   Med: 0.22   Max: 1.04
Current: 0.83

During the past 13 years, Two Harbors Investment's highest PB Ratio was 1.04. The lowest was 0.08. And the median was 0.22.

TWO's PB Ratio is ranked better than
51.83% of 820 companies
in the REITs industry
Industry Median: 0.84 vs TWO: 0.83

During the past 12 months, Two Harbors Investment's average Book Value Per Share Growth Rate was -14.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -20.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -24.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -17.10% 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 -6.75% per year.

Back to Basics: PB Ratio


Two Harbors Investment PB Ratio Historical Data

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.

* Premium members only.

Two Harbors Investment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.25 0.21 0.24 0.88 0.90

Two Harbors Investment Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
PB Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.88 0.88 0.84 0.85 0.90

Competitive Comparison

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.


Two Harbors Investment PB Ratio Distribution

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.



Two Harbors Investment 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.

Two Harbors Investment's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2023)
=12.76/15.408
=0.83

* 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:

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.


Two Harbors Investment PB Ratio Related Terms

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.


Two Harbors Investment (NYSE:TWO) Business Description

Address
1601 Utica Avenue South, Suite 900, St. Louis Park, MN, USA, 55416
Two Harbors Investment Corp is a real estate investment trust primarily focused on investing in, financing, and managing residential mortgage-backed securities, or RMBS; residential mortgage loans; mortgage servicing rights; and commercial real estate. The majority of the company's investment portfolio is split between agency RMBS purchased from government-sponsored enterprises and nonagency RMBS. Two Harbors derives nearly all of its revenue in the form of interest income collected from its investments. Most of this income is generated by available-for-sale securities, while residential mortgage loans held for investment in securitization trusts also contribute a sizable amount.
Executives
Nicholas Letica officer: Vice Pres. & Chief Inv. Off. 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Robert Rush officer: Vice President & CRO 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
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
Mary Kathryn Riskey officer: Chief Accounting 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
David B Hughes other: EVP Servicing Ops RoundPoint 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
Spencer Abraham director 600 14TH STREET, NW, SUITE 500, WASHINGTON DC 20005
James J Bender director 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Stephen G Kasnet 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