Is New York Mortgage Trust, Inc. overvalued or undervalued?

As of 30 April 2025, the valuation grade for New York Mortgage Trust, Inc. has moved from risky to very attractive, indicating a significant improvement in its investment appeal. The company is currently undervalued, with a P/E ratio of 8, a price-to-book value of 0.44, and an EV to EBITDA ratio of 0.86. These ratios suggest that the stock is trading at a discount compared to its earnings and book value.
In comparison to its peers, New York Mortgage Trust, Inc. has a lower P/E ratio than Ellington Financial, Inc. at 7.99 and a more favorable EV to EBITDA ratio than Centerspace, which stands at 8.28. The company's PEG ratio is exceptionally low at 0.01, further reinforcing its undervaluation. Despite recent underperformance against the S&P 500, particularly over the 3-year and 5-year periods, the current metrics indicate that New York Mortgage Trust, Inc. presents a compelling investment opportunity at its current price of 6.46.