AGNC Investment reported net income of US$654 million for the second quarter of 2026, swinging from a net loss of US$140 million in the same period last year. The stock currently trades at a price-to-earnings ratio of 5.9 times, below the US Mortgage REITs industry average of 9.6 times and a peer group average of 11.8 times, and at a 42.8% discount to an estimated fair P/E of 11.3 times. A discounted cash flow model from Simply Wall St places fair value at $18.63 per share versus the current $10.66 price. Despite the earnings rebound and a 28.9% one-year total shareholder return, the share price is down 2.4% year to date, and annual revenue and net income have both declined.
AGNC Investment Corp.Net income swung to $654M profit from a loss, and stock trades at a discount to fair value.