NLY (Annaly Capital Management) ROCE %: 16.35% (As of Jun. 2026)

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NLY Annaly Capital Management Inc NLY
47 GF Score
Price $21.33
GF Value $17.70
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Annaly Capital Management ROCE %?

Annaly Capital Management NLY +1.33% 47 ROCE % is 16.35% as of Jun. 2026. GuruFocus rates NLY with a GF Score™ of 47/100 and a GF Value™ of $17.70 (Modestly Overvalued). The stock has 8 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Annaly Capital Management's annualized ROCE % for the quarter that ended in Jun. 2026 was 16.35%.

Annaly Capital Management  (NYSE:NLY) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Annaly Capital Management ROCE % Related Terms

Annaly Capital Management ROCE % Historical Data

* Premium members only.

The historical data trend for Annaly Capital Management's ROCE % 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.

Annaly Capital Management ROCE % Chart

Annaly Capital Management Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.15 14.72 9.93 19.17 16.70

Annaly Capital Management Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
ROCE % Get a 7-Day Free Trial 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 12.30 19.63 20.06 12.60 16.35
NLY
47GF Score
Annaly Capital Management Inc NLY
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Annaly Capital Management ROCE % Calculation

Annaly Capital Management's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=6868.525/( ( (103556.384 - 69715.232) + (135609.838 - 87197.663) )/ 2 )
=6868.525/( (33841.152+48412.175)/ 2 )
=6868.525/41126.6635
=16.70 %

Annaly Capital Management's ROCE % of for the quarter that ended in Jun. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=8634.708/( ( (138537.591 - 87824.858) + (143741.176 - 88836.286) )/ 2 )
=8634.708/( ( 50712.733 + 54904.89 )/ 2 )
=8634.708/52808.8115
=16.35 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 16.35% mean?
Annaly Capital Management (NLY) has a ROCE % of 16.35% as of Jun. 2026.
Is Annaly Capital Management's ROCE % too high?
Annaly Capital Management's current ROCE % is 16.35%. The REITs industry median ROCE % is 5.15. Annaly Capital Management's value of 16.35% is 217.8% above this industry median. Overall, Annaly Capital Management has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Annaly Capital Management's ROCE % compare to AGNC and STWD?
Annaly Capital Management's ROCE % of 16.35% can be compared against companies in the REITs industry. The industry median ROCE % is 5.15. Annaly Capital Management's value of 16.35% is 217.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a REITs company?
The median ROCE % among REITs companies is 5.15, based on 740 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Annaly Capital Management's current ROCE % of 16.35% is 217.8% above 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median ROCE % is 5.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Annaly Capital Management's current ROCE % is 16.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Annaly Capital Management stock overvalued right now?
Based on GuruFocus' analysis, Annaly Capital Management (NLY) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.70, compared to a current price of $21.33 — trading 20.5% above its estimated fair value. The current ROCE % is 16.35% and 217.8% above the REITs industry median of 5.15. Annaly Capital Management's overall GF Score™ is 47/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Annaly Capital Management (NLY), the current ROCE % is 16.35% as of Jun. 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 Annaly Capital Management (NLY) Overvalued in 2026?

Based on GuruFocus' analysis, Annaly Capital Management stock appears to be overvalued. The current stock price of $21.33 is trading 20.5% above its estimated GF Value™ of $17.70. GuruFocus considers Annaly Capital Management to be Modestly Overvalued.

Key valuation signals for NLY:

  • ROCE %: 16.35%
  • GF Value™: $17.70 vs. price of $21.33 (20.5% above fair value)
  • GF Score™: 47/100 with 8 warning signs
  • Industry Position: 217.8% above the REITs median

No single metric tells the full story. See the NLY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Annaly Capital Management Business Description

Industry Real EstateREITs
Address 1211 Avenue of the Americas, New York, NY, USA, 10036
Annaly Capital Management Inc is an American mortgage real estate investment trust. Its business objective is to generate net income for distribution to its stockholders and optimize its returns through prudent management of its diversified investment strategies. The company's reportable operating segments are: the Agency segment, which invests in Agency mortgage-backed securities collateralized by residential mortgages; the Residential Credit segment, which invests in non-Agency residential whole loans and securitized products within the residential and commercial markets; the Mortgage Servicing Rights segment; and Corporate & Other. Maximum revenue for the company is generated from its Agency segment.
47GF Score

Get the complete analysis for NLY

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$21.33
Price
$17.70
GF Value