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U.S. Thrifts and Mortgage Finance Industry Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies28
  • 7D7.7%
  • 3M21.9%
  • 1Y58.3%
  • YTDn/a

The Thrifts and Mortgage Finance industry is up 7.7% in the last week, with Rocket Companies up 10%. This means that the industry has gained 58% over the past year. As for the next few years, earnings are expected to grow by 51% per annum.

Industry Valuation and Performance

Has the U.S. Thrifts and Mortgage Finance Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026US$113.9bUS$19.8bUS$3.9b10.3x29.2x5.8x
Wed, 10 Dec 2025US$99.6bUS$19.8bUS$3.9b9.9x25.6x5x
Fri, 07 Nov 2025US$94.6bUS$20.6bUS$3.8b8.9x24.6x4.6x
Sun, 05 Oct 2025US$99.6bUS$20.7bUS$3.8b9x26.4x4.8x
Tue, 02 Sep 2025US$97.9bUS$23.0bUS$4.3b9.8x22.6x4.3x
Thu, 31 Jul 2025US$85.4bUS$22.6bUS$4.6b9.7x18.6x3.8x
Sat, 28 Jun 2025US$83.7bUS$22.4bUS$4.6b9.9x18.2x3.7x
Mon, 26 May 2025US$75.8bUS$22.4bUS$4.6b9.8x16.5x3.4x
Wed, 23 Apr 2025US$71.3bUS$22.2bUS$4.8b8.6x14.8x3.2x
Fri, 21 Mar 2025US$82.2bUS$22.2bUS$4.8b9.8x17.1x3.7x
Sun, 16 Feb 2025US$81.2bUS$21.0bUS$4.3b9.5x19x3.9x
Tue, 14 Jan 2025US$71.1bUS$21.5bUS$4.1b9.1x17.4x3.3x
Thu, 12 Dec 2024US$80.2bUS$21.5bUS$4.1b10.3x19.6x3.7x
Sat, 09 Nov 2024US$87.9bUS$21.6bUS$4.1b10.5x21.3x4.1x
Mon, 07 Oct 2024US$95.2bUS$20.8bUS$4.5b10.3x21.4x4.6x
Wed, 04 Sep 2024US$102.5bUS$20.8bUS$4.5b9.9x23x4.9x
Fri, 02 Aug 2024US$93.1bUS$20.6bUS$4.0b9.1x23.5x4.5x
Sun, 30 Jun 2024US$80.9bUS$20.2bUS$3.8b8.5x21.3x4x
Tue, 28 May 2024US$81.2bUS$20.3bUS$3.8b8.4x21.4x4x
Thu, 25 Apr 2024US$76.7bUS$19.4bUS$3.6b8.2x21.5x4x
Sat, 23 Mar 2024US$71.4bUS$19.2bUS$3.2b8.5x22x3.7x
Mon, 19 Feb 2024US$73.3bUS$18.8bUS$3.2b8.8x22.6x3.9x
Wed, 17 Jan 2024US$77.4bUS$19.7bUS$3.2b9x23.9x3.9x
Fri, 15 Dec 2023US$75.4bUS$19.7bUS$3.2b9.7x23.3x3.8x
Sun, 12 Nov 2023US$62.4bUS$19.4bUS$4.0b8.4x15.7x3.2x
Tue, 10 Oct 2023US$63.7bUS$20.0bUS$4.0b9.7x15.7x3.2x
Thu, 07 Sep 2023US$70.6bUS$20.0bUS$4.0b9.7x17.5x3.5x
Sat, 05 Aug 2023US$74.6bUS$19.9bUS$4.0b11.2x18.8x3.7x
Mon, 03 Jul 2023US$66.2bUS$20.3bUS$4.3b9.9x15.5x3.3x
Wed, 31 May 2023US$61.5bUS$20.3bUS$4.3b9.2x14.4x3x
Fri, 28 Apr 2023US$62.8bUS$23.3bUS$5.1b9x12.3x2.7x
Sun, 26 Mar 2023US$60.0bUS$24.0bUS$5.7b7.7x10.5x2.5x
Tue, 21 Feb 2023US$92.8bUS$34.9bUS$8.3b12.1x11.1x2.7x
Thu, 19 Jan 2023US$89.1bUS$35.7bUS$8.6b11.6x10.3x2.5x
Price to Earnings Ratio

10.3x


Total Market Cap: US$89.1bTotal Earnings: US$8.6bTotal Revenue: US$35.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Thrifts and Mortgage Finance Industry Price to Earnings3Y Average 19.1x202420252026
Current Industry PE
  • Investors are optimistic on the American Thrifts and Mortgage Finance industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 29.2x which is higher than its 3-year average PE of 19.1x.
  • The 3-year average PS ratio of 3.8x is lower than the industry's current PS ratio of 5.8x.
Past Earnings Growth
  • The earnings for companies in the Thrifts and Mortgage Finance industry have declined 23% per year over the last three years,
  • Revenues have also declined 18% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does U.S. Thrifts and Mortgage Finance compare with similar industries?

US Market1.24%
Financials-0.18%
Mortgage Finance0%0
Thrifts and Mortgage Finance7.74%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
RKT Rocket CompaniesUS$23.2910.4%
+US$6.2b		123.5%PS10.8x
PFSI PennyMac Financial ServicesUS$146.198.9%
+US$619.9m		49.7%PE15.2x
UWMC UWM HoldingsUS$5.3620.4%
+US$244.3m		-1.3%PE85.2x
WD Walker & DunlopUS$65.008.8%
+US$179.5m		-25.2%PE19.7x
LDI loanDepotUS$2.9131.1%
+US$154.2m		78.5%PS0.6x

Latest News

MTG
US$29.01
MGIC Investment
7D
-1.9%
1Y
25.2%
ESNT
US$64.12
Essent Group
7D
-2.2%
1Y
15.5%

ESNT: Future Returns Will Depend On Buybacks Versus Credit Risk In 2026

Essent Group's updated analyst price target now implies a fair value of about US$68.38, up from roughly US$67.50, as analysts recalibrate their views around modest tweaks to growth, profitability, and future P/E assumptions after mixed target moves on recent Street research. Analyst Commentary Recent research on Essent Group reflects a mix of optimism and caution, with one major bank lifting its target and another trimming it slightly as they refresh their 2026 outlooks.
AGM
US$175.18
Federal Agricultural Mortgage
7D
-1.9%
1Y
-5.2%
VEL
US$18.62
Velocity Financial
7D
-1.5%
1Y
-0.5%

There Is A Reason Velocity Financial, Inc.'s (NYSE:VEL) Price Is Undemanding

Jan 08
There Is A Reason Velocity Financial, Inc.'s (NYSE:VEL) Price Is Undemanding
LDI
US$2.91
loanDepot
7D
31.1%
1Y
78.5%

LDI: Higher Fair Value Signals Confidence In Multi Year Profitability

Analysts have lifted their fair value estimate for loanDepot from US$1.90 to US$3.00, reflecting updated assumptions for revenue growth, profit margins, and future P/E, alongside mixed Street price target moves that highlight both ongoing credit concerns and expectations for multi year fundamental improvement. Analyst Commentary Recent Street research on loanDepot shows a mix of caution and optimism, with valuation targets shifting as analysts update their models for growth, profitability, and credit risk.
UWMC
US$5.36
UWM Holdings
7D
20.4%
1Y
-1.3%

UWMC: Credit Resilience And Loan Momentum Will Support Future Upside

Analysts have trimmed their price targets on UWM Holdings, with one cut highlighted from US$6 to US$5, reflecting updated expectations for fair value, profit margins and future P/E assumptions as they weigh loan growth potential against credit risk. Analyst Commentary Recent commentary around UWM Holdings centers on how much upside is left after the latest price target trim and what could still go wrong if credit conditions become more challenging.
RKT
US$23.29
Rocket Companies
7D
10.4%
1Y
123.5%

RKT: Higher Future P/E Will Support Stronger Long Term Earnings Power

Analysts have raised their price target on Rocket Companies to US$25.00. The update reflects adjusted views on discount rates, revenue growth, profit margins and a higher future P/E assumption, which together reshape how they are valuing the stock today.
ONIT
US$49.98
Onity Group
7D
13.1%
1Y
67.9%
WD
US$65.00
Walker & Dunlop
7D
8.8%
1Y
-25.2%

WD: Higher Future P/E Assumptions Will Support Upside Potential

Analysts now place Walker & Dunlop's fair value at US$84.00, down from US$88.50. They cite updated views on revenue growth, profit margins, discount rate and future P/E assumptions.
PFSI
US$146.19
PennyMac Financial Services
7D
8.9%
1Y
49.7%

PFSI: Easing Mortgage Rates Will Support Higher Future Earnings Multiples

PennyMac Financial Services fair value estimate has been increased to $147.75 from $143 as analysts cite stronger post Q3 operating return on equity guidance, broad price target raises into the high $130s, and improving mortgage market dynamics supporting slightly higher future earnings multiples. Analyst Commentary Bullish analysts highlight that the recent Q3 results demonstrated stronger than expected operating performance, prompting upward revisions to estimates and supporting higher valuation multiples.
BETR
US$39.87
Better Home & Finance Holding
7D
9.8%
1Y
391.0%
MBIN
US$35.87
Merchants Bancorp
7D
4.1%
1Y
1.4%
RDN
US$35.65
Radian Group
7D
-1.8%
1Y
14.3%
CNF
US$5.01
CNFinance Holdings
7D
-15.1%
1Y
-52.3%
NMIH
US$40.48
NMI Holdings
7D
-1.8%
1Y
15.2%