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U.S. Thrifts and Mortgage Finance Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies27
  • 7D6.7%
  • 3M-21.5%
  • 1Y-3.1%
  • YTDn/a

Over the last 7 days, the Thrifts and Mortgage Finance industry has risen 6.7%, driven by gains from Rocket Companies of 9.4%. Meanwhile, CNFinance Holdings actually underperformed within the industry, shrinking 18% in the last week. In the past year, the industry is down 3.1%. As for the next few years, earnings are expected to grow by 22% 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
Sun, 05 Apr 2026US$82.6bUS$22.1bUS$3.9b8.7x21x3.7x
Tue, 03 Mar 2026US$93.5bUS$22.1bUS$3.9b10.4x23.9x4.2x
Thu, 29 Jan 2026US$107.0bUS$19.8bUS$3.9b10x27.5x5.4x
Sat, 27 Dec 2025US$101.5bUS$19.8bUS$3.9b10.6x26.1x5.1x
Mon, 24 Nov 2025US$95.9bUS$21.0bUS$4.0b9.8x23.9x4.6x
Wed, 22 Oct 2025US$96.5bUS$20.7bUS$3.8b8.8x25.6x4.7x
Fri, 19 Sep 2025US$109.6bUS$23.0bUS$4.3b9.9x25.3x4.8x
Sun, 17 Aug 2025US$98.6bUS$23.0bUS$4.4b9.2x22.6x4.3x
Tue, 15 Jul 2025US$80.0bUS$22.4bUS$4.6b9.9x17.4x3.6x
Thu, 12 Jun 2025US$78.1bUS$22.4bUS$4.6b10.1x17x3.5x
Sat, 10 May 2025US$74.1bUS$22.4bUS$4.6b9.5x16.1x3.3x
Mon, 07 Apr 2025US$83.6bUS$22.2bUS$4.8b9.3x17.4x3.8x
Wed, 05 Mar 2025US$83.5bUS$22.9bUS$4.5b9.8x18.5x3.6x
Fri, 31 Jan 2025US$81.2bUS$21.6bUS$4.1b9.7x19.7x3.8x
Sun, 29 Dec 2024US$75.0bUS$21.5bUS$4.1b9.6x18.3x3.5x
Tue, 26 Nov 2024US$49.4bUS$21.5bUS$4.1b10.3x12.1x2.3x
Thu, 24 Oct 2024US$91.4bUS$20.9bUS$4.2b10.6x21.6x4.4x
Sat, 21 Sep 2024US$101.1bUS$20.8bUS$4.5b10x22.7x4.9x
Mon, 19 Aug 2024US$98.0bUS$20.8bUS$4.5b9.5x22x4.7x
Wed, 17 Jul 2024US$86.9bUS$20.2bUS$3.8b9.1x22.9x4.3x
Fri, 14 Jun 2024US$83.4bUS$20.2bUS$3.8b8.5x22x4.1x
Sun, 12 May 2024US$81.8bUS$20.3bUS$3.8b9.1x21.8x4x
Tue, 09 Apr 2024US$77.9bUS$19.1bUS$3.4b8.7x22.7x4.1x
Thu, 07 Mar 2024US$65.2bUS$19.2bUS$3.3b8.2x20x3.4x
Sat, 03 Feb 2024US$79.7bUS$19.6bUS$3.2b9.6x25.1x4.1x
Mon, 01 Jan 2024US$83.8bUS$19.7bUS$3.2b9.4x25.9x4.3x
Wed, 29 Nov 2023US$65.5bUS$19.7bUS$3.2b8.8x20.2x3.3x
Fri, 27 Oct 2023US$60.5bUS$20.0bUS$4.2b8.7x14.4x3x
Sun, 24 Sep 2023US$64.6bUS$20.0bUS$4.0b9.4x16x3.2x
Tue, 22 Aug 2023US$72.3bUS$19.9bUS$4.0b11.1x17.9x3.6x
Thu, 20 Jul 2023US$72.5bUS$20.3bUS$4.3b10.6x16.9x3.6x
Sat, 17 Jun 2023US$66.4bUS$20.3bUS$4.3b10.3x15.5x3.3x
Mon, 15 May 2023US$60.2bUS$19.6bUS$4.3b8.9x14x3.1x
Wed, 12 Apr 2023US$63.5bUS$24.0bUS$5.7b7.4x11.1x2.6x
Price to Earnings Ratio

11.1x


Total Market Cap: US$63.5bTotal Earnings: US$5.7bTotal Revenue: US$24.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Thrifts and Mortgage Finance Industry Price to Earnings3Y Average 20.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Thrifts and Mortgage Finance industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 20.1x.
  • The industry is trading close to its 3-year average PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Thrifts and Mortgage Finance industry have declined 12% per year over the last three years,
  • Revenues have also declined 2.7% 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 Market3.46%
Financials3.50%
Mortgage Finance0%0
Thrifts and Mortgage Finance6.72%
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$14.969.4%
+US$3.6b		-2.9%PS6x
PFSI PennyMac Financial ServicesUS$90.105.4%
+US$241.5m		-13.1%PE9.4x
MTG MGIC InvestmentUS$26.523.1%
+US$172.1m		14.6%PE7.7x
ACT Enact HoldingsUS$41.352.9%
+US$166.6m		24.4%PE8.7x
RDN Radian GroupUS$33.653.3%
+US$144.4m		7.3%PE7.4x

Latest News

RDN
US$33.65
Radian Group
7D
3.3%
1Y
7.3%
MTG
US$26.52
MGIC Investment
7D
3.1%
1Y
14.6%

MTG: Benign 2026 Credit And Mortgage Outlook Will Shape Balanced Return Profile

Narrative Update The consensus analyst price target for MGIC Investment has shifted to $28.00, reflecting recent adjustments by firms that cited updated views on credit conditions, mortgage origination trends into 2026, and the broader outlook for select consumer finance names. Analyst Commentary Recent research updates on MGIC Investment show a mix of optimism about the longer term opportunity and caution around nearer term execution and valuation, which helps explain why the consensus price target now sits at about $28.00.
PFSI
US$90.10
PennyMac Financial Services
7D
5.4%
1Y
-13.1%

PFSI: Book Value Discount And Mortgage Tailwinds Will Support Future Multiples

Analysts have fine tuned their outlook on PennyMac Financial Services, keeping fair value effectively unchanged at about $137. They emphasize that the current share price sits near one times recent and estimated tangible book value and point to what they see as limited downside and a more supportive mortgage backdrop, which is reflected in updated price targets across the Street.
ACT
US$41.35
Enact Holdings
7D
2.9%
1Y
24.4%
RKT
US$14.96
Rocket Companies
7D
9.4%
1Y
-2.9%

RKT: Integrated Platform Alliance Will Support Stronger Long Term Earnings Power

Analysts are maintaining their $25.00 price target on Rocket Companies, citing updated assumptions that combine a higher discount rate and lower revenue growth outlook with a stronger profit margin profile and a slightly lower future P/E multiple. What's in the News Rocket Companies and Compass, Inc.
ESNT
US$59.16
Essent Group
7D
2.5%
1Y
8.6%

ESNT: Future Returns Will Rely On 2026 Mortgage And Credit Conditions

The analyst price target for Essent Group has been adjusted modestly lower to reflect a mix of reduced targets around $63 to $65 and higher targets up to $70, as analysts incorporate recent Q4 earnings and updated outlooks for credit conditions and mortgage activity. Analyst Commentary Recent research updates on Essent Group show a mix of cautious trimming and modest upward revisions to price targets.
BETR
US$37.61
Better Home & Finance Holding
7D
22.7%
1Y
262.0%
CNF
US$3.27
CNFinance Holdings
7D
-17.6%
1Y
-53.9%
MBIN
US$44.49
Merchants Bancorp
7D
5.3%
1Y
33.1%
PAPL
US$0.65
Pineapple Financial
7D
-4.0%
1Y
-88.6%