Rithm Capital Corp. (RITM)

Market price: $9.30

4 valuation methods

• Price / FFO: $12.67 to $18.46 (midpoint $15.09)
• EV / Revenue: $0.00 to $38.01 (midpoint $17.14)
• P / B: $13.52 to $30.78 (midpoint $20.56)
• P / E: $16.35 to $30.00 (midpoint $20.83)

Debt is most of what funds this company — its shares are about 12% of its total enterprise value. The enterprise-value bar here (1) value the whole business and then subtract the debt, so a small difference in the business's value becomes a large one per share. That is arithmetic, not a fault in the estimate, but it is why those ranges are wide.