NREF (NexPoint Real Estate Finance) Shiller PE Ratio: 12.75 (As of Aug. 03, 2026) — 16% Above Median

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NREF NexPoint Real Estate Finance Inc NREF
44 GF Score
Price $16.96
! 8 Warning Signs
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What is NexPoint Real Estate Finance Shiller PE Ratio?

NexPoint Real Estate Finance NREF +0.41% 44 Shiller PE Ratio is 12.75 as of Aug. 03, 2026, which is 16% above its 10-year median of 10.99. GuruFocus rates NREF with a GF Score™ of 44/100. The stock has 8 warning signs investors should review. Among 478 REITs companies, NexPoint Real Estate Finance ranks better than 52.51% on this metric.

As of today (2026-08-03), NexPoint Real Estate Finance's current share price is $16.96. NexPoint Real Estate Finance's E10 for the fiscal year that ended in Dec25 was $1.33. NexPoint Real Estate Finance's Shiller PE Ratio for today is 12.75.

The historical rank and industry rank for NexPoint Real Estate Finance's Shiller PE Ratio or its related term are showing as below:

NREF' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.68   Med: 10.99   Max: 12.78
Current: 12.78

During the past 10 years, NexPoint Real Estate Finance's highest Shiller PE Ratio was 12.78. The lowest was 9.68. And the median was 10.99.

NREF's Shiller PE Ratio is ranked better than
52.51% of 478 companies
in the REITs industry
Industry Median: 13.375 vs NREF: 12.78

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

NexPoint Real Estate Finance's adjusted earnings per share data of for the fiscal year that ended in Dec25 was $2.850. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.33 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


NexPoint Real Estate Finance  (NYSE:NREF) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


NexPoint Real Estate Finance Shiller PE Ratio Related Terms


NexPoint Real Estate Finance Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for NexPoint Real Estate Finance's Shiller PE 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.

NexPoint Real Estate Finance Shiller PE Ratio Chart

NexPoint Real Estate Finance Annual Data
Trend Dec14 Dec15 Dec16 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 10.61

NexPoint Real Estate Finance Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Shiller PE Ratio 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 0.00 0.00 0.00 10.61 0.00

NREF vs CMTG, RC, REFI: Shiller PE Ratio Comparison

For the REIT - Mortgage subindustry, NexPoint Real Estate Finance's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


NexPoint Real Estate Finance Shiller PE Ratio vs REITs Industry

For the REITs industry and Real Estate sector, NexPoint Real Estate Finance's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where NexPoint Real Estate Finance's Shiller PE Ratio falls into.


NREF
44GF Score
NexPoint Real Estate Finance Inc NREF
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NexPoint Real Estate Finance Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

NexPoint Real Estate Finance's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=16.96/1.33
=12.75

* 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.

NexPoint Real Estate Finance's E10 for the fiscal year that ended in Dec25 is calculated as:

For example, NexPoint Real Estate Finance's adjusted earnings per share data for the fiscal year that ended in Dec25 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec25 (Change)*Current CPI (Dec25)
=2.85/324.0540*324.0540
=2.850

Current CPI (Dec25) = 324.0540.

NexPoint Real Estate Finance Annual Data

Earnings per Share (Diluted) CPI Adj_EPS
201412 0.000 234.812 0.000
201512 -0.353 236.525 -0.484
201612 -0.301 241.432 -0.404
201912 0.000 256.974 0.000
202012 1.740 260.474 2.165
202112 3.930 278.802 4.568
202212 0.220 296.797 0.240
202312 0.600 306.746 0.634
202412 1.020 315.605 1.047
202512 2.850 324.054 2.850

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 12.75 mean?
NexPoint Real Estate Finance (NREF) has a Shiller PE Ratio of 12.75 as of Aug. 03, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on NexPoint Real Estate Finance and its competitors. This is 16% above median its historical median of 10.99. Over the past decade, NexPoint Real Estate Finance's Shiller PE Ratio has ranged from 9.68 to 12.78. According to the industry distribution chart, NexPoint Real Estate Finance ranks #227 out of 478 companies in the REITs industry, placing it in the top 47.5%.
Is NexPoint Real Estate Finance's Shiller PE Ratio too high?
NexPoint Real Estate Finance's current Shiller PE Ratio of 12.75 is 16% above median its 10-year median of 10.99. Over the past 10 years, this metric has ranged from a low of 9.68 to a high of 12.78. The REITs industry median Shiller PE Ratio is 13.38. NexPoint Real Estate Finance's value of 12.75 is 4.7% below this industry median. Based on the distribution chart, NexPoint Real Estate Finance ranks #227 out of 478 companies in the REITs industry, which is above the industry midpoint. Overall, NexPoint Real Estate Finance has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does NexPoint Real Estate Finance's Shiller PE Ratio compare to CMTG and RC?
According to the REITs industry distribution chart, NexPoint Real Estate Finance ranks #227 out of 478 companies for Shiller PE Ratio. This puts NexPoint Real Estate Finance in the upper half of its industry. The industry median Shiller PE Ratio is 13.38. NexPoint Real Estate Finance's value of 12.75 is 4.7% below this benchmark. Historically, NexPoint Real Estate Finance's own Shiller PE Ratio has ranged from 9.68 to 12.78 over the past decade. While the company's 10-year median is 10.99 vs. the industry median of 13.38, NexPoint Real Estate Finance 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 Shiller PE Ratio for a REITs company?
The median Shiller PE Ratio among REITs companies is 13.38, based on 478 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NexPoint Real Estate Finance's current Shiller PE Ratio of 12.75 is 4.7% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on NexPoint Real Estate Finance and its competitors. For the REITs industry, the median Shiller PE Ratio is 13.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NexPoint Real Estate Finance's current Shiller PE Ratio is 12.75, which is 16% above median its own 10-year median of 10.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NexPoint Real Estate Finance stock overvalued right now?
NexPoint Real Estate Finance (NREF) has a current Shiller PE Ratio of 12.75. The current Shiller PE Ratio is 12.75, which is 16% above median its 10-year median of 10.99 and 4.7% below the REITs industry median of 13.38. NexPoint Real Estate Finance's overall GF Score™ is 44/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For NexPoint Real Estate Finance (NREF), the current Shiller PE Ratio is 12.75 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.

NexPoint Real Estate Finance Business Description

Industry Real EstateREITs
Other Exchanges NREFpA.PFD:USA
Address 300 Crescent Court, Suite 700, Dallas, TX, USA, 75201
NexPoint Real Estate Finance Inc is a commercial mortgage REIT focused on generating attractive, risk-adjusted returns for shareholders over the long term. The company invests mainly in first-lien mortgage loans, mezzanine loans, preferred equity, multifamily properties, and common equity investments, as well as multifamily and single-family rental CMBS securitizations, promissory notes, revolving credit facilities, and stock warrants. It focuses on real estate sectors where its management has operating expertise, including multifamily, single-family rental, self-storage, industrial, and life sciences, mainly in top metropolitan areas.
44GF Score

Get the complete analysis for NREF

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

$16.96
Price