Annaly Capital Management, Inc. Ratios | P/E, ROE & Valuation

On the Key Ratios page for Annaly Capital Management, Inc. (NLY), the latest P/E of 5.6 frames valuation, while ROE 18.39% and ROIC 4.81% indicates profitability and capital efficiency. Together with the current ratio of 0.04 and debt-to-equity 7.38, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

NLY Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$8.13$2.39$11.34$10.09$2.11$4.20$5.06$6.88$8.82$8.22
Net Income per Share$4.04$1.92$-3.32$4.19$6.70$-2.52$-6.03$0.18$5.89$5.91
Operating Cash Flow per Share$-0.76$6.35$4.79$13.06$8.62$1.49$-3.34$8.67$26.01$28.28
Free Cash Flow per Share$-2.16$4.69$3.98$10.59$7.11$-90.90$-3.34$8.67$25.97$27.56
Cash per Share$3.98$4.50$0.89$3.83$4.24$3.52$5.48$-3.32$3.00$6.60
Book Value per Share$23.23$24.34$22.94$27.64$36.98$39.65$44.03$46.69$55.81$51.87
Tangible Book Value per Share$23.23$18.74$22.23$23.35$35.19$39.00$42.72$44.51$53.27$48.74
Interest Debt per Share$178.05$180.71$34.47$24.56$20.62$22.44$37.21$32.87$30.50$35.15
CAPEX per Share$1.41$1.65$0.80$2.47$1.51$0.00$0.00$0.00$0.04$0.72

NLY Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)5.69.53-5.835.034.67-13.41-6.25218.328.076.74
Price to Book (P/B)0.970.760.850.770.850.850.860.840.850.77
Price to Sales (P/S)2.777.651.712.0914.868.057.455.715.394.85
Enterprise Value to EBITDA20.2717.529.925.065.734906.4135.03105.3111.9110.56
EV to Sales23.3179.34.013.8322.5311.9512.258.748.128.03
EV to Operating Cash Flow-250.7529.899.512.965.533.61-18.536.942.752.33
EV to Free Cash Flow-87.5940.4311.423.656.67-0.55-18.536.942.762.39
Enterprise Value$138.48B$98.96B$22.51B$15.89B$16.93B$17.75B$22.23B$18.18B$19.09B$15.99B

NLY Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)18.39%7.95%-14.60%15.31%18.15%-6.36%-13.70%0.39%10.56%11.41%
Return on Invested Capital (ROIC)4.81%343.00%3.17%4.39%4.46%-0.02%0.50%0.15%1.54%1.69%
Return on Tangible Assets2.05%1.00%-1.77%2.15%3.14%-1.01%-1.67%0.05%1.55%1.65%
Earnings Yield17.99%10.49%-17.15%19.90%21.41%-7.46%-16.00%0.46%12.38%14.83%
Free Cash Flow Yield-9.61%25.63%20.57%50.26%22.74%-268.94%-8.87%22.07%54.61%69.11%
Dividend Yield12.69%15.64%15.84%17.52%12.18%12.34%12.50%12.97%10.68%12.63%

NLY Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio0.040.041.511.881.381.422.450.370.70.93
Interest Coverage1.321.220.582.3811.75-0.020.220.081.562.25
Income Quality-0.253.27-1.443.111.28-0.590.5548.424.424.78
Debt to Equity7.387.111.170.780.540.50.670.570.480.63
Debt to Assets86.92%86.61%14.16%10.75%9.26%7.95%8.11%7.60%7.00%8.95%
Net Debt to EBITDA17.8615.835.72.31.951601.513.7336.5244.18

NLY Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover7.020.381.433.423.165.233.994.887.246.19
Payables Turnover0.160.180.090.060.270.120.050.030.10.15
Inventory Turnover000000-0.21-0.09-0.080
Days Sales Outstanding52956.62255.98106.63115.4469.8391.4674.7950.4258.96
Days Payables Outstanding2292.911979.744236.765789.881350.843073.017136.5511757.363479.092500.75
Days of Inventory on Hand000000-1748.86-4043.29-4315.18-939194.76

NLY Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA20.2717.529.925.065.734906.4135.03105.3111.9110.56
Market Cap$16.45B$9.55B$9.58B$8.67B$11.16B$11.95B$13.52B$11.88B$12.67B$9.67B
Enterprise Value$138.48B$98.96B$22.51B$15.89B$16.93B$17.75B$22.23B$18.18B$19.09B$15.99B
Dividend Yield12.69%15.64%15.84%17.52%12.18%12.34%12.50%12.97%10.68%12.63%
Payout Ratio67.93%149.08%-92.37%88.06%56.89%-165.59%-78.09%2832.09%86.21%85.16%

Frequently Asked Questions

Is Annaly Capital Management, Inc. stock overvalued based on its P/E ratio?

On this page, NLY's current P/E is 5.6, compared with a multi-year average around 36.9. A lower P/E versus its own history is often interpreted as relatively cheaper valuation (all else equal). In practice, the "why" matters: check whether the lower multiple is supported by profitability and earnings quality (for example, ROE/ROIC and income quality in the table), or whether it reflects weaker fundamentals.

What is Annaly Capital Management, Inc. market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $16.45B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

What is a good P/E ratio for Annaly Capital Management, Inc. compared to its industry?

There isn't one universal "good" P/E - P/E should be judged against the business model and expected growth for its sector. A practical approach is: (1) compare the P/E on this page to Annaly Capital Management, Inc.'s own historical range (shown across the table's rows), and (2) benchmark against peer companies using the Screener's P/E filters and the Peers Comparison/Compare tools. If profitability (ROE/ROIC) and cash-flow strength are improving, a higher P/E can be more defensible; if returns are slipping, even a lower P/E may be a value trap.

How does Annaly Capital Management, Inc. compare to its competitors in key financial ratios?

The fastest way to compare Annaly Capital Management, Inc. with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Annaly Capital Management, Inc. outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

Is Annaly Capital Management, Inc. financially strong based on its ratios?

To assess whether Annaly Capital Management, Inc. is financially strong, review both profitability and balance-sheet risk together. Current ratio is about 0.04, which is below 1.0 and can suggest tighter short-term liquidity. Interest coverage is about 1.32, implying less buffer for servicing interest costs. Debt-to-equity is about 7.38, suggesting higher leverage than a low-debt profile. Then confirm the same story is supported by ROE/ROIC (quality of earnings) and by cash-flow backed metrics in the table.

What do Annaly Capital Management, Inc.'s financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Annaly Capital Management, Inc. is sustaining strong returns (for example ROE at 18.39% and ROIC at 4.81%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.