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Federal Home Loan Mortgage (STU:FHL) Cyclically Adjusted Book per Share : €-150.00 (As of Mar. 2024)


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What is Federal Home Loan Mortgage Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Federal Home Loan Mortgage's adjusted book value per share for the three months ended in Mar. 2024 was €-51.365. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €-150.00 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -1.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -11.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Federal Home Loan Mortgage was 17.10% per year. The lowest was -56.40% per year. And the median was -4.10% per year.

As of today (2024-06-14), Federal Home Loan Mortgage's current stock price is €1.23. Federal Home Loan Mortgage's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €-150.00. Federal Home Loan Mortgage's Cyclically Adjusted PB Ratio of today is .


Federal Home Loan Mortgage Cyclically Adjusted Book per Share Historical Data

The historical data trend for Federal Home Loan Mortgage's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Federal Home Loan Mortgage Cyclically Adjusted Book per Share Chart

Federal Home Loan Mortgage Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -118.31 -107.59 -125.87 -132.83 -113.72

Federal Home Loan Mortgage Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -125.33 -123.85 -131.59 -113.72 -150.00

Competitive Comparison of Federal Home Loan Mortgage's Cyclically Adjusted Book per Share

For the Mortgage Finance subindustry, Federal Home Loan Mortgage's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Federal Home Loan Mortgage's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Federal Home Loan Mortgage's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Federal Home Loan Mortgage's Cyclically Adjusted PB Ratio falls into.



Federal Home Loan Mortgage Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Federal Home Loan Mortgage's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-51.365/131.7762*131.7762
=-51.365

Current CPI (Mar. 2024) = 131.7762.

Federal Home Loan Mortgage Quarterly Data

Book Value per Share CPI Adj_Book
201406 -93.019 100.560 -121.895
201409 -97.005 100.428 -127.285
201412 -104.542 99.070 -139.055
201503 -119.257 99.621 -157.750
201506 -110.657 100.684 -144.829
201509 -116.707 100.392 -153.192
201512 -117.926 99.792 -155.722
201603 -118.037 100.470 -154.816
201606 -115.434 101.688 -149.589
201609 -113.677 101.861 -147.062
201612 -118.666 101.863 -153.514
201703 -120.261 102.862 -154.066
201706 -114.813 103.349 -146.393
201709 -104.795 104.136 -132.611
201712 -112.775 104.011 -142.880
201803 -105.555 105.290 -132.108
201806 -108.204 106.317 -134.115
201809 -107.047 106.507 -132.445
201812 -111.258 105.998 -138.316
201903 -111.761 107.251 -137.318
201906 -111.542 108.070 -136.010
201909 -111.860 108.329 -136.071
201912 -107.485 108.420 -130.640
202003 -107.550 108.902 -130.141
202006 -102.883 108.767 -124.647
202009 -95.166 109.815 -114.198
202012 -88.950 109.897 -106.659
202103 -87.825 111.754 -103.560
202106 -82.169 114.631 -94.459
202109 -80.345 115.734 -91.482
202112 -79.948 117.630 -89.563
202203 -76.888 121.301 -83.528
202206 -76.632 125.017 -80.775
202209 -80.058 125.227 -84.245
202212 -72.230 125.222 -76.011
202303 -68.521 127.348 -70.904
202306 -63.610 128.729 -65.116
202309 -60.677 129.860 -61.573
202312 -55.064 129.419 -56.067
202403 -51.365 131.776 -51.365

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Federal Home Loan Mortgage  (STU:FHL) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Federal Home Loan Mortgage Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Federal Home Loan Mortgage's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Federal Home Loan Mortgage (STU:FHL) Business Description

Address
8200 Jones Branch Drive, McLean, VA, USA, 22102-3110
Federal Home Loan Mortgage Corp is a US based government-sponsored enterprise. The company invests in mortgage loans and mortgage-related securities. It operates in the following segments: Single-family, Multifamily. The company is engaged in originating, purchase, and guarantee single-family loans originated by its seller. It provides a guarantee and security for the payment of principal and interest on the mortgage-related securities in exchange for management and guarantee fees. The company purchases multifamily loans for aggregation and then securitization through the issuance of multifamily K Certificates as well as issues and guarantees other securitization products. Majority of the revenue is earned from single family.

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