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

As of 30 April 2025, the valuation grade for New York Mortgage Trust, Inc. moved from risky to very attractive. The company appears to be undervalued based on its strong valuation ratios, including a P/E ratio of 8, a Price to Book Value of 0.44, and an EV to EBITDA of 0.86. In comparison to peers, Saul Centers, Inc. has a significantly higher P/E ratio of 18.43, while BrightSpire Capital, Inc. has a much higher EV to EBITDA of 2.40, indicating that New York Mortgage Trust, Inc. is trading at a discount relative to its peers.
Despite its recent stock performance showing a 22.11% year-to-date return compared to the S&P 500's 12.22%, the company has struggled over longer periods, with a 3-year return of -34.40% versus the S&P 500's 70.41%. This suggests that while the company is currently undervalued, it has faced challenges in the past that may affect investor sentiment going forward.