Is Ellington Financial (EFC) overvalued or fairly valued?

MarketChacha shows Ellington Financial's valuation in context — a trailing P/E of about 5.9, a forward P/E of about 5.8, a price-to-book of about 0.8 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is the share price of Ellington Financial (EFC)?

Ellington Financial last traded at $11.48 (+1.1% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Ellington Financial

EFC · NYSE · Financials · United States

Snapshot

TickerEFC

ExchangeNYSE

SectorFinancials

IndustryREIT - Mortgage

CountryUnited States

Employees500

HeadquartersOld Greenwich, United States

Websitewww.ellingtonfinancial.com

Filings tracked25

About Ellington Financial

Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. It operates in two segments, Investment Portfolio and Longbridge. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, non-QM, manufactured housing, subprime residential, and single-family-rental mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity; residential and commercial mortgage loans; residential mortgage-backed securities; commercial mortgage-backed securities; consumer loans and asset-backed securities backed by consumer loans; investments referencing mortgage servicing rights on traditional forward mortgage loans; collateralized loan obligations; non-mortgage- and mortgage-related derivatives; debt and equity investments in loan origination companies; and other strategic investments. It also offers reverse mortgage loans, including associated financial assets, financing, hedging, and allocated expenses. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes that intends to distribute at least 90% of its taxable income as dividends to shareholders. Ellington Financial Inc. was incorporated in 2007 and is headquartered in Old Greenwich, Connecticut.

Who owns it

Insiders2.6%
Institutions53.5%
Public & other44.0%

323 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.16.20%
Vanguard Capital Management LLC4.14%
State Street Corporation3.84%
Geode Capital Management, LLC2.47%
Mirae Asset Global ETFs Holdings Ltd.1.74%
Vanguard Portfolio Management LLC1.68%
Invesco Ltd.1.43%
JPMORGAN CHASE & CO1.15%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Over 3 years only -5.37× of reported profit became operating cash — the classic sign that headline earnings may be running ahead of the cash actually generated. Often explained by working capital funding growth; worth a closer look.

Cash conversion-5.37×

Return on equity6.5%

Latest ROE of 6.5% is on the low side — the business earns a modest return on shareholder capital.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $178.9M · EPS 0.48

Est. earnings growth +1.7%

Next fiscal year

Rev $758.9M · EPS 1.97

Est. earnings growth -5.6%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

ROE

6.5%

Profit CAGR (2y)

+39.6%

EPS (FY2025)

1.19

Net profit (FY2025)

$118.7M

Ask MarketChacha about EFC

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Net profit	EPS	ROE
FY2025	$118.7M	1.19	6.5%
FY2024	$117.8M	1.36	7.5%
FY2023	$60.9M	0.89	4.0%

Quarterly

Period	Net profit	EPS
2026Q2	$54.4M	0.43
2026Q1	$95.5M	0.78
2025Q3	$29.5M	0.29
2025Q2	$42.9M	0.45
2025Q1	$31.6M	0.35
2024Q3	$16.2M	0.19
2024Q2	$52.3M	0.62
2024Q1	$26.9M	0.32
2023Q3	$6.6M	0.10
2023Q2	$2.9M	0.04
2023Q1	$38.9M	0.58

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Other events, Exhibits
SEC9/8/2026material
8-K — Reg FD disclosure, Exhibits
SEC8/24/2026material
10-Q filing
SEC8/10/2026
8-K — Other events, Exhibits
SEC8/10/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/7/2026material
8-K — Reg FD disclosure, Exhibits
SEC7/23/2026material
8-K — Other events, Exhibits
SEC7/8/2026material
8-K — Reg FD disclosure, Exhibits
SEC6/25/2026material
8-K — Other events, Exhibits
SEC6/8/2026material
8-K — Executive/director change, Shareholder vote results, Exhibits
SEC5/29/2026material
8-K — Reg FD disclosure, Exhibits
SEC5/28/2026material
8-K — Other events, Exhibits
SEC5/11/2026material
10-Q filing
SEC5/11/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC5/5/2026material
8-K — Reg FD disclosure, Exhibits
SEC4/28/2026material
8-K — Other events, Exhibits
SEC4/7/2026material
8-K — Reg FD disclosure, Exhibits
SEC3/25/2026material
8-K — Other events, Exhibits
SEC3/9/2026material
8-K — Reg FD disclosure, Exhibits
SEC3/5/2026material
10-K filing
SEC3/2/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC2/26/2026material
8-K — Other events, Exhibits
SEC2/9/2026material
8-K — Reg FD disclosure, Exhibits
SEC2/3/2026material
8-K — Material agreement, Exhibits
SEC1/28/2026material
8-K — Other events, Exhibits
SEC1/28/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.