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Federal National Mortgage Association Fannie Mae (LTS:0IL0) Cyclically Adjusted PB Ratio : (As of May. 26, 2024)


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What is Federal National Mortgage Association Fannie Mae Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Federal National Mortgage Association Fannie Mae Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Federal National Mortgage Association Fannie Mae's Cyclically Adjusted PB Ratio 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.

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Federal National Mortgage Association Fannie Mae Cyclically Adjusted PB Ratio Chart

Federal National Mortgage Association Fannie Mae Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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Federal National Mortgage Association Fannie Mae Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Federal National Mortgage Association Fannie Mae's Cyclically Adjusted PB Ratio

For the Mortgage Finance subindustry, Federal National Mortgage Association Fannie Mae'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 National Mortgage Association Fannie Mae's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Federal National Mortgage Association Fannie Mae's Cyclically Adjusted PB Ratio falls into.



Federal National Mortgage Association Fannie Mae Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Federal National Mortgage Association Fannie Mae's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Federal National Mortgage Association Fannie Mae'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)
=-50.048/131.7762*131.7762
=-50.048

Current CPI (Mar. 2024) = 131.7762.

Federal National Mortgage Association Fannie Mae Quarterly Data

Book Value per Share CPI Adj_Book
201406 -112.442 100.560 -147.347
201409 -112.194 100.428 -147.215
201412 -114.499 99.070 -152.299
201503 -114.607 99.621 -151.599
201506 -112.394 100.684 -147.103
201509 -114.247 100.392 -149.963
201512 -114.197 99.792 -150.798
201603 -115.857 100.470 -151.957
201606 -114.173 101.688 -147.955
201609 -114.071 101.861 -147.572
201612 -112.434 101.863 -145.452
201703 -114.758 102.862 -147.016
201706 -114.466 103.349 -145.951
201709 -114.526 104.136 -144.925
201712 -120.858 104.011 -153.120
201803 -117.459 105.290 -147.007
201806 -114.419 106.317 -141.819
201809 -114.836 106.507 -142.082
201812 -115.471 105.998 -143.553
201903 -116.230 107.251 -142.809
201906 -115.363 108.070 -140.670
201909 -111.929 108.329 -136.155
201912 -108.245 108.420 -131.563
202003 -108.818 108.902 -131.675
202006 -106.632 108.767 -129.189
202009 -102.991 109.815 -123.588
202012 -99.048 109.897 -118.768
202103 -94.760 111.754 -111.737
202106 -88.612 114.631 -101.865
202109 -84.443 115.734 -96.148
202112 -79.967 117.630 -89.584
202203 -76.167 121.301 -82.745
202206 -72.152 125.017 -76.053
202209 -70.052 125.227 -73.716
202212 -68.811 125.222 -72.413
202303 -65.554 127.348 -67.834
202306 -61.240 128.729 -62.690
202309 -57.198 129.860 -58.042
202312 -53.782 129.419 -54.761
202403 -50.048 131.776 -50.048

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


Federal National Mortgage Association Fannie Mae  (LTS:0IL0) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Federal National Mortgage Association Fannie Mae Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Federal National Mortgage Association Fannie Mae's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Federal National Mortgage Association Fannie Mae (LTS:0IL0) Business Description

Address
1100 15th Street, NW, Midtown Center, Washington, DC, USA, 20005
Federal National Mortgage Association Fannie Mae is a source of financing for mortgages in the United States. The company has two segments. The Single-Family business operates in the secondary mortgage market relating to single-family mortgage loans, which are secured by properties containing four or fewer residential dwelling units. The Multifamily business operates in the secondary mortgage market relating mainly to multifamily mortgage loans, which are secured by properties containing five or more residential units. The majority of the revenue is derived from the Single-Family segment.

Federal National Mortgage Association Fannie Mae (LTS:0IL0) Headlines

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