PennyMac Financial Services, Inc. (PFSI) Stock

PennyMac Financial Services, Inc. (PFSI) is a Financials stock trading at $75.72 (as of 2026-08-20), with a market capitalization of $3.93B and a trailing P/E of 10.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans. It sources first-lien residential conventional and government-insured or guaranteed mortgage loans. The Servicing segment engages in the servicing of newly originated loans, and execution and management of early buyout transactions and servicing of loans. It performs loan administration, collection, and default management activities, including the collection and remittance of loan payments, response to customer inquiries, accounting for principal and interest, holding custodial funds for the payment of property taxes and insurance premiums, counseling delinquent borrowers, and supervising foreclosures and property dispositions, as well as administers loss mitigation activities, such as modification and forbearance programs. The Investment Management segment is involved in sourcing, performing diligence, bidding, and closing investment asset acquisitions; managing correspondent production activities for PennyMac Mortgage Investment Trust; and managing acquired assets. PennyMac Financial Services, Inc. was founded in 2008 and is headquartered in Westlake Village, California.

Understand PennyMac Financial Services, Inc.: how it makes money

PennyMac Financial Services is a US mortgage banking and investment management company that makes money by originating, acquiring, and selling mortgage loans, and by earning income from servicing those loans (including early buyouts) through its Servicing segment.

PennyMac’s profit model is anchored in mortgage servicing, with operating results tied to the size of its servicing portfolio (unpaid principal balance) and the economics of its servicing fees and mortgage servicing rights.

Business quality (Strong): The provided data clearly distinguishes Production and Servicing activity and includes multiple servicing operating metrics, but the latest quarter total revenue is shown as 0.0B in the input, so segment revenue totals cannot be reconciled cleanly.

Valuation: At 9× earnings, PFSI trades 28% below the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Servicing portfolio is large: The servicing portfolio unpaid principal balance is shown as 600.0 USD_B, which supports the scale of ongoing servicing-related economics.
  • Servicing is profitable in the latest quarter data: Servicing segment pre-tax income is shown as 0.16 USD_B (and 0.15 USD_B excluding valuation and non-recurring items, Non-Generally Accepted Accounting Principles).

Bear case

  • Servicing accounting sensitivity around valuation items: The servicing segment pre-tax income differs between excluding valuation and non-recurring items (0.15 USD_B) and GAAP (0.09 USD_B), indicating valuation-related impacts can move reported results.
  • Production contribution is smaller in the provided operating snapshot: In the provided data, production segment revenue is 0.28 USD_B and production segment pre-tax income is 0.06 USD_B, so results may be more dependent on servicing than production.
Valuation — source: SEC EDGAR (first-party)
Price$75.72
Market Cap$3.93B
P/E Ratio10.0
EV / EBITDA17.9
Price / Book0.91
Price / Sales108.41
FCF Yield-45.8%
DCF Value (model)$119.49
DCF Upside vs Price57.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$20.11M
Net Margin2491.9%
Revenue Growth (YoY)331.7%
EPS Growth (YoY)-84.1%
FCF Growth (YoY)-1713.4%
Valuation vs Sector & Industry
Stock P/E10.0
Sector P/E (Financials)15.1
Industry P/E (Banking)12.9
vs Sector-33.8%
vs Industry-22.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderMFN Partners Management, LP ($396.08M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEODavid A. Spector
Employees4,457
CountryUS
IPO Date2013-05-09

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PFSI earnings history · PFSI institutional & insider holders · PFSI KPIs & operating metrics · PFSI financials · PFSI investor presentations & press releases · PFSI SEC filings · PFSI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.