US · TWO
Two Harbors Investment Corp.
- Sector
- Real Estate · REIT - Mortgage
- Headquarters
- Minnetonka, MN 55305
- Website
- twoharborsinvestment.com
Price · as of 2025-12-31
$12.54
Market cap 1.09B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $87.44 | +597.29% |
| Intrinsic Value(DCF) | $32.96 | +162.84% |
| Graham-Dodd Method(GD) | — | — |
| Graham Formula(GF) | — | — |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $11.35 | $164.12 | $11,355,774.01 | $8.93 | $4,042.66 |
| 2012 | $16.86 | $128.21 | $37,426.76 | $0.00 | $682.07 |
| 2013 | $15.94 | $269.59 | $68.30 | $0.00 | $1,951.39 |
| 2014 | $17.84 | $56.36 | $70.53 | $13.56 | $0.00 |
| 2015 | $15.11 | $73.95 | $48.80 | $6.87 | $2,403.75 |
| 2016 | $19.77 | $143.26 | $53.47 | $4.36 | $0.00 |
| 2017 | $22.16 | $89.32 | $65.67 | $0.00 | $0.00 |
| 2018 | $22.82 | $55.62 | $74.58 | $0.00 | $36.27 |
| 2019 | $25.17 | $117.84 | $64.00 | $0.00 | $641.90 |
| 2020 | $15.64 | $40.89 | $0.00 | $0.00 | $10,415.58 |
| 2021 | $11.74 | $33.95 | $0.00 | $0.00 | |
| 2022 | $9.63 | $19.04 | $21.14 | $0.00 | |
| 2023 | $9.68 | $677.10 | $11.64 | $0.00 | $0.00 |
| 2024 | $12.25 | $48.98 | $10.32 | $0.85 | $111.53 |
| 2025 | $10.21 | $87.44 | $6,099.86 | $0.00 | $0.00 |
AI valuation
Our deep-learning model estimates Two Harbors Investment Corp.'s (TWO) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $87.44
- Current price
- $12.54
- AI upside
- +597.29%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$32.96
+162.84% upside
Graham-Dodd
—
— upside
Graham Formula
—
— upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| TWO | Two Harbors Investment Co… | $12.54 | 1.09B | +597% | +163% | — | — | -2.34 | 0.59 | 1.12 | 5.39 | — | -1.68 | 98.66% | 44.15% | -47.70% | -23.24% | 14.27% | -3.94% | 4.79 | 0.86 | 0.19 | 0.97 | 18.36 | -28397.00% | 1260.00% | -11734.00% | -1.42% | 0.01 | -0.51% | 20.91% | -49.00% | 21.08% | 5.39 | -150.52 | 2.38 | -1.01 |
| ARR | ARMOUR Residential REIT, … | $17.95 | 2.01B | +1,612% | -22% | — | +8,183% | 7.93 | 0.74 | 1.29 | 20.27 | — | 0.74 | 97.02% | 73.91% | 24.72% | 11.69% | 9.00% | 1.23% | 7.94 | 1.50 | 0.01 | 0.01 | 18.53 | -74706.00% | 44408.00% | -5250.00% | 7.40% | 0.01 | 1.16% | 16.89% | 133.90% | 18.08% | 20.27 | 157.46 | 14.98 | -0.96 |
| CIM | Chimera Investment Corpor… | $13.61 | 1.13B | +899% | +24% | +118% | +4,369% | 4.23 | 0.44 | 1.37 | 17.51 | 2.82 | 0.44 | 94.87% | 93.16% | 28.08% | 10.45% | 5.44% | 1.84% | 5.08 | 1.38 | 0.07 | 0.07 | 16.09 | 15000.00% | 21822.00% | -22101.00% | -22.07% | -0.04 | -1.79% | 7.63% | 32.30% | 7.63% | 18.20 | -55.93 | 16.96 | -0.34 |
| IVR | Invesco Mortgage Capital … | $8.43 | 598.07M | +1,377% | +300,655% | +133% | +5,715% | 5.47 | 0.70 | 1.63 | 19.05 | 4.04 | 0.70 | 96.67% | 94.54% | 29.82% | 13.25% | 5.39% | 1.67% | 7.05 | 1.46 | 0.04 | 0.01 | 17.32 | 13538.00% | 32702.00% | -1424.00% | 28.34% | 0.03 | 2.64% | 0.00% | 0.00% | 0.00% | 19.05 | 38.94 | 18.01 | -1.50 |
| MFA | MFA Financial, Inc. | $10.11 | 1.03B | +259% | -60% | +101% | +3,473% | 6.00 | 0.58 | 1.21 | 1.23 | 5.72 | 0.58 | 96.18% | 78.84% | 20.20% | 9.64% | 11.21% | 1.45% | 0.00 | 1.34 | — | — | -0.31 | 10488.00% | 21302.00% | -6190.00% | 7.19% | — | 1.24% | 3.80% | 22.80% | 860.43% | 1.23 | 11.12 | 0.97 | 0.11 |
| ORC | Orchid Island Capital, In… | $7.44 | 1.13B | +1,444% | -31% | — | +3,701% | 6.02 | 0.70 | 5.33 | 22.54 | 5.29 | 0.70 | 97.78% | 88.59% | 88.59% | 15.59% | 2.83% | 1.83% | 7.47 | 0.52 | 0.08 | 0.08 | 20.48 | 11379.00% | 22995.00% | 7980.00% | 12.58% | 0.01 | 2.14% | 18.69% | 112.50% | 18.69% | 65.88 | 86.98 | 58.36 | -0.86 |
About Two Harbors Investment Corp.
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions. The company qualifies as a REIT for federal income tax purposes. As a REIT, the company must distribute at least 90% of annual taxable income to its stockholders. Two Harbors Investment Corp. was incorporated in 2009 and is headquartered in Minnetonka, Minnesota.
- CEO
- William Ross Greenberg
- Employees
- 477
- Beta
- 1.20
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($32.96 ÷ $12.54) − 1 = +162.84% (DCF, example).