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Two Harbors InvestmentTWO 31 PS Ratio is 5.44 as of Jul. 13, 2026, which is 3% above its 10-year median of 5.28. GuruFocus rates TWO with a GF Score™ of 31/100. The stock has 5 warning signs investors should review. Among 915 REITs companies, Two Harbors Investment ranks better than 64.15% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Two Harbors Investment's share price is $12.08.
Two Harbors Investment's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $2.22. Hence, Two Harbors Investment's PS Ratio for today is 5.44.
The historical rank and industry rank for Two Harbors Investment's PS Ratio or its related term are showing as below:
TWO'
s PS Ratio Range Over the Past 10 Years
Min: 1.83 Med: 5.28 Max: 16.5
Current: 5.44
During the past 13 years, Two Harbors Investment's highest PS Ratio was 16.50. The lowest was 1.83. And the median was 5.28.
TWO's PS Ratio is ranked better than 64.15% of 915
companies
in the REITs industry
Industry Median: 6.71
vs TWO: 5.44
During the past 13 years, Two Harbors Investment's highest 3-Year average Revenue per Share Growth Rate was 117.20% per year. The lowest was -36.10% per year. And the median was -1.70% per year.
Back to Basics: PS Ratio
Two Harbors Investment (NYSE:TWO) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
* 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, Two Harbors Investment's PS Ratio, along with its competitors' market caps and PS 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 PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Two Harbors Investment's PS Ratio distribution charts can be found below:
* The bar in red indicates where Two Harbors Investment's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Two Harbors Investment's Share Price of today is $12.08. Two Harbors Investment's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.22.
* 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:
Two Harbors Investment (TWO) has a PS Ratio of 5.44 as of Jul. 13, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Two Harbors Investment and its competitors. This is near median its historical median of 5.28. Over the past decade, Two Harbors Investment's PS Ratio has ranged from 1.83 to 16.50. According to the industry distribution chart, Two Harbors Investment ranks #328 out of 915 companies in the REITs industry, placing it in the top 35.8%.
Is Two Harbors Investment's PS Ratio too high?
Two Harbors Investment's current PS Ratio of 5.44 is near median its 10-year median of 5.28. Over the past 10 years, this metric has ranged from a low of 1.83 to a high of 16.50. The REITs industry median PS Ratio is 6.71. Two Harbors Investment's value of 5.44 is 18.9% below this industry median. Based on the distribution chart, Two Harbors Investment ranks #328 out of 915 companies in the REITs industry, which is above the industry midpoint. Overall, Two Harbors Investment has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Two Harbors Investment's PS Ratio compare to LADR and ORC?
According to the REITs industry distribution chart, Two Harbors Investment ranks #328 out of 915 companies for PS Ratio. This puts Two Harbors Investment in the upper half of its industry. The industry median PS Ratio is 6.71. Two Harbors Investment's value of 5.44 is 18.9% below this benchmark. Historically, Two Harbors Investment's own PS Ratio has ranged from 1.83 to 16.50 over the past decade. While the company's 10-year median is 5.28 vs. the industry median of 6.71, Two Harbors Investment 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 PS Ratio for a REITs company?
The median PS Ratio among REITs companies is 6.71, based on 915 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Two Harbors Investment's current PS Ratio of 5.44 is 18.9% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Two Harbors Investment and its competitors. For the REITs industry, the median PS Ratio is 6.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Two Harbors Investment's current PS Ratio is 5.44, which is near median its own 10-year median of 5.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Two Harbors Investment stock overvalued right now?
Two Harbors Investment (TWO) has a current PS Ratio of 5.44. The current PS Ratio is 5.44, which is near median its 10-year median of 5.28 and 18.9% below the REITs industry median of 6.71. Two Harbors Investment's overall GF Score™ is 31/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Two Harbors Investment (TWO), the current PS Ratio is 5.44 as of Jul. 13, 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.
Two Harbors Investment Corp is a real estate investment trust focused on investing in, financing, and managing residential mortgage-backed securities, residential mortgage loans, mortgage servicing rights, and commercial real estate. The majority of its investment portfolio is split between agency RMBS purchased from government-sponsored enterprises and nonagency RMBS. The company derives revenues mainly from its MSR and Agency RMBS portfolio, including servicing fee income, float income, and interest income, as well as mortgage loan origination activities established to support the MSR portfolio. Its investment portfolio is subject to market risks, mainly interest rate, basis, and prepayment risk. The majority of income is generated by available-for-sale securities.
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