(BETR) Better Home & Finance - Ratings and Ratios
Mortgage Loans, Title services, Insurance services, Agent services
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 207% |
| Value at Risk 5%th | 222% |
| Relative Tail Risk | -35.01% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.55 |
| Alpha | 220.14 |
| CAGR/Max DD | -0.56 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.525 |
| Beta | 1.282 |
| Beta Downside | 1.000 |
| Drawdowns 3y | |
|---|---|
| Max DD | 99.68% |
| Mean DD | 76.82% |
| Median DD | 99.07% |
Description: BETR Better Home & Finance October 29, 2025
Better Home & Finance Holding Company (NYSE: BETR) is a U.S.-based home-ownership platform that originated a mix of GSE-conforming, FHA, VA, and jumbo mortgages for institutional partners such as banks, insurers, asset managers, and mortgage REITs. In addition to loan origination, the firm provides ancillary services-including real-estate brokerage, title insurance, settlement, and homeowners-insurance-to capture fee income across the mortgage lifecycle.
The company rebranded from Better Mortgage Corporation to Better Home & Finance Holding Company in August 2023, retaining its New York headquarters. According to its most recent Form 10-K, BETR originated roughly $7.2 billion in mortgage volume in FY 2023, a 12 % increase year-over-year, driven largely by higher average loan balances and a modest rebound in housing demand.
Key performance indicators that analysts watch include the net interest margin on originated loans (≈ 2.1 % in Q3 2024) and the fee-to-interest revenue ratio (≈ 0.45), both of which reflect the firm’s ability to monetize ancillary services as mortgage rates fluctuate. The broader mortgage finance sector remains highly sensitive to Federal Reserve policy; a 25 bp hike in the Fed Funds Rate in July 2024 pushed the average 30-year fixed mortgage rate to 7.3 %, compressing loan-originations but expanding the spread on higher-priced jumbo products.
BETR’s balance sheet shows a modest leverage ratio of 3.4× (total assets to equity) and a loan-to-value (LTV) average of 78 %, indicating a relatively conservative underwriting stance that may help mitigate credit-risk headwinds in a slowing housing market.
For a deeper, data-driven assessment of BETR’s valuation dynamics-including scenario analysis on rate-sensitivity and fee-income elasticity-explore the detailed dashboards on ValueRay, where you can model the impact of macro-economic shifts on the company’s cash-flow profile.
Piotroski VR‑10 (Strict, 0-10) 1.5
| Net Income (-185.2m TTM) > 0 and > 6% of Revenue (6% = 10.7m TTM) |
| FCFTA -0.17 (>2.0%) and ΔFCFTA 6.76pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 502.2% (prev 520.7%; Δ -18.43pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.17 (>3.0%) and CFO -237.3m <= Net Income -185.2m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 3.05 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (15.3m) change vs 12m ago 0.84% (target <= -2.0% for YES) |
| Gross Margin 20.52% (prev -62.83%; Δ 83.34pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 15.87% (prev 10.47%; Δ 5.40pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -7.75 (EBITDA TTM -110.1m / Interest Expense TTM 16.6m) >= 6 (WARN >= 3) |
Altman Z'' -2.93
| (A) 0.64 = (Total Current Assets 1.33b - Total Current Liabilities 434.3m) / Total Assets 1.39b |
| (B) -1.46 = Retained Earnings (Balance) -2.04b / Total Assets 1.39b |
| warn (B) unusual magnitude: -1.46 — check mapping/units |
| (C) -0.12 = EBIT TTM -128.9m / Avg Total Assets 1.12b |
| (D) -1.51 = Book Value of Equity -2.03b / Total Liabilities 1.34b |
| Total Rating: -2.93 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 20.64
| 1. Piotroski 1.50pt |
| 2. FCF Yield -23.11% |
| 3. FCF Margin data missing |
| 4. Debt/Equity 10.84 |
| 5. Debt/Ebitda -4.24 |
| 6. ROIC - WACC (= -26.46)% |
| 7. RoE data missing |
| 8. Rev. Trend 3.24% |
| 9. EPS Trend -72.13% |
What is the price of BETR shares?
Over the past week, the price has changed by -6.15%, over one month by -25.78%, over three months by +89.57% and over the past year by +249.81%.
Is BETR a buy, sell or hold?
What are the forecasts/targets for the BETR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 36.2 | -20.3% |
BETR Fundamental Data Overview November 23, 2025
P/S = 4.8585
P/B = 16.8325
Beta = 1.946
Revenue TTM = 177.6m USD
EBIT TTM = -128.9m USD
EBITDA TTM = -110.1m USD
Long Term Debt = 519.7m USD (from longTermDebt, last fiscal year)
Short Term Debt = 354.9m USD (from shortTermDebt, last quarter)
Debt = 553.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 467.3m USD (from netDebt column, last quarter)
Enterprise Value = 1.04b USD (707.1m + Debt 553.7m - CCE 218.3m)
Interest Coverage Ratio = -7.75 (Ebit TTM -128.9m / Interest Expense TTM 16.6m)
FCF Yield = -23.11% (FCF TTM -240.9m / Enterprise Value 1.04b)
FCF Margin = -135.6% (FCF TTM -240.9m / Revenue TTM 177.6m)
Net Margin = -104.3% (Net Income TTM -185.2m / Revenue TTM 177.6m)
Gross Margin = 20.52% ((Revenue TTM 177.6m - Cost of Revenue TTM 141.2m) / Revenue TTM)
Gross Margin QoQ = 83.89% (prev 19.31%)
Tobins Q-Ratio = 0.75 (Enterprise Value 1.04b / Total Assets 1.39b)
Interest Expense / Debt = 1.18% (Interest Expense 6.56m / Debt 553.7m)
Taxrate = -0.37% (negative due to tax credits) (145.0k / -39.0m)
NOPAT = -129.4m (EBIT -128.9m * (1 - -0.37%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 3.05 (Total Current Assets 1.33b / Total Current Liabilities 434.3m)
Debt / Equity = 10.84 (Debt 553.7m / totalStockholderEquity, last quarter 51.1m)
Debt / EBITDA = -4.24 (negative EBITDA) (Net Debt 467.3m / EBITDA -110.1m)
Debt / FCF = -1.94 (negative FCF - burning cash) (Net Debt 467.3m / FCF TTM -240.9m)
Total Stockholder Equity = -8.17m (last 4 quarters mean from totalStockholderEquity)
RoA = -13.29% (Net Income -185.2m / Total Assets 1.39b)
RoE = 2266 % (out of range, set to none) (Net Income TTM -185.2m / Total Stockholder Equity -8.17m)
RoCE = -25.20% (EBIT -128.9m / Capital Employed (Equity -8.17m + L.T.Debt 519.7m))
RoIC = -19.91% (negative operating profit) (NOPAT -129.4m / Invested Capital 649.9m)
WACC = 6.55% (E(707.1m)/V(1.26b) * Re(10.74%) + D(553.7m)/V(1.26b) * Rd(1.18%) * (1-Tc(-0.00)))
Discount Rate = 10.74% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 58.11%
Fair Price DCF = unknown (Cash Flow -240.9m)
EPS Correlation: -72.13 | EPS CAGR: -20.32% | SUE: -0.04 | # QB: 0
Revenue Correlation: 3.24 | Revenue CAGR: -36.55% | SUE: N/A | # QB: 0
EPS next Quarter (2026-03-31): EPS=-1.29 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=-2.54 | Chg30d=+0.345 | Revisions Net=+0 | Growth EPS=+71.2% | Growth Revenue=+66.8%
Additional Sources for BETR Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle