Annaly Capital Management closed at $22.77 recently. It is down about 1% this week but up 40% over the last year. Simply Wall St put out a report saying the stock is undervalued. Their excess returns model estimates the intrinsic value is $43.09 per share. That implies the stock is roughly 47% undervalued. They base this on a book value of $19.25 and expected earnings of $3.21 per share. The P/E ratio is 11.59x right now. For comparison, the industry average is 12.36x and the peer average is 14.03x.