SharesGrow 7-Criteria Score
All 7 criteria scored · valuation-related highlighted on this page
Two Harbors Investment Corp. (TWO-PC) has a negative trailing P/E of -2.5, meaning the company is currently unprofitable on a trailing twelve-month (TTM) basis. The forward P/E of 21.6 based on analyst estimates suggests a return to profitability is expected. Trailing earnings yield is -39.55%, forward earnings yield 4.64%. PEG 1.75.
Criteria proven by this page:
- VALUE (50/100, Partial) — mixed signals — some valuation metrics are favorable while others are stretched.
- Forward P/E 21.6 — analysts expect a return to profitability with estimated EPS of $1.16 for FY2026.
- PEG Ratio 1.75 — between 1.0–2.0 indicates moderate valuation relative to growth.
- Trailing Earnings Yield -39.55% — negative yield confirms the company is currently unprofitable. Investors are paying for a turnaround rather than current earnings. Forward yield improves to 4.64% as earnings recover.
- Analyst consensus target $16.00 (-35.7% downside) — analysts see meaningful downside risk at the current price level.
Overall SharesGrow Score: 36/100 with 1/7 criteria passed.
SharesGrow 7-Criteria Score
~
VALUE
50/100
Price-to-Earnings & upside
Proven by this page
✗
HEALTH
0/100
Debt-to-Equity & liquidity
→ Health
Valuation Snapshot — TWO-PC
Valuation Multiples
P/E (TTM)-2.5
Forward P/E21.6
PEG Ratio1.75
Forward PEG1.75
P/B Ratio0.64
P/S Ratio1.53
EV/EBITDA195.0
Per Share Data
EPS (TTM)$-4.36
Forward EPS (Est.)$1.16
Book Value / Share$17.15
Revenue / Share$7.27
FCF / Share$-0.12
Yields & Fair Value
Earnings Yield-39.55%
Forward Earnings Yield4.64%
Dividend Yield12.80%
SharesGrow IV$41.10 (+65%)
Analyst Target$16.00 (-35.7%)
Historical Valuation
| Year |
P/E (TTM) |
PEG Ratio |
P/B Ratio |
P/S Ratio |
Dividend Yield |
| 2016 |
7.0 |
-0.28 |
0.73 |
4.98 |
13.36% |
| 2017 |
8.1 |
-0.96 |
0.79 |
3.35 |
15.54% |
| 2018 |
-59.7 |
0.54 |
0.62 |
3.74 |
12.44% |
| 2019 |
12.1 |
-0.02 |
0.79 |
2.06 |
13.76% |
| 2020 |
-1.1 |
0.00 |
0.56 |
-2.02 |
15.80% |
| 2021 |
9.2 |
-0.09 |
0.63 |
-12.02 |
14.97% |
| 2022 |
6.9 |
0.28 |
0.69 |
120.19 |
19.16% |
| 2023 |
-12.5 |
0.07 |
0.60 |
2.08 |
18.50% |
| 2024 |
4.1 |
-0.02 |
0.58 |
1.45 |
19.19% |
| 2025 |
-2.4 |
0.01 |
0.61 |
1.81 |
20.33% |
P/E Ratio & Earnings Yield
Earnings Per Share (EPS) History
| Year |
EPS (Diluted) |
Revenue |
Net Income |
Net Margin |
| 2016 |
$8.08 |
$484.64M |
$353.28M |
72.9% |
| 2017 |
$7.24 |
$392.39M |
$348.57M |
88.8% |
| 2018 |
$-0.86 |
$185.73M |
$-44.29M |
-23.8% |
| 2019 |
$3.71 |
$427.56M |
$323.96M |
75.8% |
| 2020 |
$-23.83 |
$-1.56B |
$-1.63B |
- |
| 2021 |
$2.51 |
$255.22M |
$187.23M |
73.4% |
| 2022 |
$1.94 |
$407.18M |
$220.24M |
54.1% |
| 2023 |
$-1.60 |
$257.08M |
$-106.37M |
-41.4% |
| 2024 |
$2.37 |
$1.14B |
$251.68M |
22.1% |
| 2025 |
$-4.36 |
$605.61M |
$-454.3M |
-75% |
Analyst Estimates
| Year |
EPS (Avg) |
EPS Range |
Revenue (Avg) |
Revenue Range |
Analysts |
| 2026 |
$1.16 |
$-0.24 – $2.72 |
$20.67M |
$2.67M – $38.74M |
1 |
| 2027 |
$1.30 |
$-0.27 – $3.05 |
$-2.7M |
$-6.81M – $263.44K |
1 |
