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MFA FinancialSTU:M4ZA -0.82%36 PB Ratio is 0.52 as of Aug. 03, 2026, which is 24% below its 10-year median of 0.68. GuruFocus rates STU:M4ZA with a GF Score™ of 36/100 and a GF Value™ of €9.35 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 914 REITs companies, MFA Financial ranks better than 83.04% on this metric.
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 (2026-08-03), MFA Financial's share price is €7.905. MFA Financial's Book Value per Share for the quarter that ended in Mar. 2026 was €15.15. Hence, MFA Financial's PB Ratio of today is 0.52.
The historical rank and industry rank for MFA Financial's PB Ratio or its related term are showing as below:
STU:M4ZA'
s PB Ratio Range Over the Past 10 Years
Min: 0.2 Med: 0.68 Max: 1.07
Current: 0.52
During the past 13 years, MFA Financial's highest PB Ratio was 1.07. The lowest was 0.20. And the median was 0.68.
STU:M4ZA's PB Ratio is ranked better than 83.04% of 914
companies
in the REITs industry
Industry Median: 0.86
vs STU:M4ZA: 0.52
During the past 12 months, MFA Financial's average Book Value Per Share Growth Rate was -2.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -5.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -7.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of MFA Financial was 7.50% per year. The lowest was -13.20% per year. And the median was -1.80% per year.
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.
MFA Financial PB Ratio Related Terms
MFA Financial PB Ratio Historical Data
* Premium members only.
The historical data trend for MFA Financial'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.
For the REIT - Mortgage subindustry, MFA Financial'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.
MFA Financial PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, MFA Financial's PB Ratio distribution charts can be found below:
* The bar in red indicates where MFA Financial'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.
MFA Financial's PB Ratio for today is calculated as follows:
* 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.
MFA Financial (STU:M4ZA) has a PB Ratio of 0.52 as of Aug. 03, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on MFA Financial and its competitors. This is 24% below median its historical median of 0.68. Over the past decade, MFA Financial's PB Ratio has ranged from 0.20 to 1.07. According to the industry distribution chart, MFA Financial ranks #155 out of 914 companies in the REITs industry, placing it in the top 17%.
Is MFA Financial's PB Ratio too high?
MFA Financial's current PB Ratio of 0.52 is 24% below median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 1.07. The REITs industry median PB Ratio is 0.86. MFA Financial's value of 0.52 is 39.5% below this industry median. Based on the distribution chart, MFA Financial ranks #155 out of 914 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, MFA Financial has a GF Score™ of 36/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MFA Financial's PB Ratio compare to ABR and ARI?
According to the REITs industry distribution chart, MFA Financial ranks #155 out of 914 companies for PB Ratio. This places MFA Financial in the top 17% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.86. MFA Financial's value of 0.52 is 39.5% below this benchmark. Historically, MFA Financial's own PB Ratio has ranged from 0.20 to 1.07 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 0.86, MFA Financial has consistently been below 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 PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.86, based on 914 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MFA Financial's current PB Ratio of 0.52 is 39.5% below 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on MFA Financial and its competitors. For the REITs industry, the median PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MFA Financial's current PB Ratio is 0.52, which is 24% below median its own 10-year median of 0.68. 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 (STU:M4ZA) is currently considered Modestly Undervalued. The stock's GF Value™ is €9.35, compared to a current price of €7.91 — trading 15.5% below its estimated fair value. The current PB Ratio is 0.52, which is 24% below median its 10-year median of 0.68 and 39.5% below the REITs industry median of 0.86. MFA Financial's overall GF Score™ is 36/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For MFA Financial (STU:M4ZA), the current PB Ratio is 0.52 as of Aug. 03, 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 (STU:M4ZA) Overvalued in 2026?
Based on GuruFocus' analysis, MFA Financial stock appears to be undervalued.
The current stock price of €7.91 is trading 15.5% below its estimated GF Value™ of €9.35.
GuruFocus considers MFA Financial to be Modestly Undervalued.
Key valuation signals for STU:M4ZA:
PB Ratio: 0.52 (24% below median its 10-year median of 0.68)
GF Value™: €9.35 vs. price of €7.91 (15.5% below fair value)
Industry Position: 39.5% below the REITs median (#155 of 914)
No single metric tells the full story. See the STU:M4ZA 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.
36GF Score
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