Ellington Financial Inc. (EFC)
Real Estate
Latest Price
$13.04
TTM P/E
8.29
Normalized P/E
15.71
Div Yield
11.76%
Book Value
13.95
P/B Ratio
0.93
Valuation metrics
adjust assumptions →EPS: $1.19
Book value / share: $16.21
Formula: √(22.5 × EPS × BVPS)
Graham Number
$20.83
+60% upside
Norm. op. income: $142M (median of 7yr)
Tax rate: 5%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$13.68
+5% upside
Base FCF: $46M (median of recent 5yr)
Growth: -13%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$3.68
72% downside
EPS: $1.19
Target P/E: 16×
Formula: EPS × P/E
P/E Fair Value
$19.04
+46% upside
Institutional Ownership
51.2% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 20.88M | $284.0M | 16.36% | +1.18M | 2026-06-30 |
| VANGUARD CAPITAL MANAGEMENT LLC | 5.34M | $72.0M | 4.19% | +292.4K | 2026-06-30 |
| STATE STREET CORP | 4.95M | $68.0M | 3.88% | +347.6K | 2026-06-30 |
| GEODE CAPITAL MANAGEMENT, LLC | 3.18M | $43.0M | 2.49% | +255.6K | 2026-06-30 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 2.25M | $30.0M | 1.76% | -- | 2026-06-30 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 2.16M | $29.0M | 1.69% | +166.2K | 2026-06-30 |
| Invesco Ltd. | 1.84M | $25.0M | 1.44% | +256.7K | 2026-06-30 |
| NORTHERN TRUST CORP | 1.49M | $20.0M | 1.17% | +123.9K | 2026-06-30 |
| JPMORGAN CHASE & CO | 1.48M | $20.0M | 1.16% | +824.0K | 2026-06-30 |
| Delphi Financial Group, Inc. | 1.41M | $19.0M | 1.10% | -- | 2026-06-30 |