FMCC (Federal Home Loan Mortgage) Cyclically Adjusted PB Ratio: (As of Jul. 16, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FMCC Federal Home Loan Mortgage Corp FMCC
49 GF Score
Price $5.37
GF Value $2.51
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Federal Home Loan Mortgage Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Federal Home Loan Mortgage  (OTCPK:FMCC) 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 Home Loan Mortgage Cyclically Adjusted PB Ratio Related Terms


Federal Home Loan Mortgage Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Federal Home Loan Mortgage'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.

Federal Home Loan Mortgage Cyclically Adjusted PB Ratio Chart

Federal Home Loan Mortgage Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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Federal Home Loan Mortgage Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio 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 0.00 0.00 0.00 0.00 0.00

FMCC vs PFSI, WD, UWMC: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


FMCC
49GF Score
Federal Home Loan Mortgage Corp FMCC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Federal Home Loan Mortgage 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 Home Loan Mortgage's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Federal Home Loan Mortgage's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-19.744/330.2130*330.2130
=-19.744

Current CPI (Mar. 2026) = 330.2130.

Federal Home Loan Mortgage Quarterly Data

Book Value per Share CPI Adj_Book
201606 -129.701 241.018 -177.700
201609 -127.583 241.428 -174.502
201612 -125.176 241.432 -171.207
201703 -128.621 243.801 -174.209
201706 -129.003 244.955 -173.903
201709 -124.905 246.819 -167.107
201712 -133.461 246.524 -178.768
201803 -130.154 249.554 -172.221
201806 -126.407 251.989 -165.647
201809 -124.909 252.439 -163.392
201812 -126.573 251.233 -166.364
201903 -126.284 254.202 -164.045
201906 -126.036 256.143 -162.482
201909 -123.193 256.759 -158.436
201912 -119.428 256.974 -153.466
202003 -118.840 258.115 -152.035
202006 -115.859 257.797 -148.404
202009 -112.091 260.280 -142.208
202012 -108.212 260.474 -137.185
202103 -104.553 264.877 -130.343
202106 -98.999 271.696 -120.321
202109 -94.524 274.310 -113.788
202112 -90.336 278.802 -106.994
202203 -84.678 287.504 -97.257
202206 -81.006 296.311 -90.274
202209 -79.265 296.808 -88.186
202212 -76.514 296.797 -85.129
202303 -73.362 301.836 -80.259
202306 -68.917 305.109 -74.587
202309 -64.757 307.789 -69.475
202312 -60.048 306.746 -64.642
202403 -55.832 312.332 -59.028
202406 -51.586 314.175 -54.219
202409 -46.714 315.301 -48.923
202412 -41.815 315.605 -43.750
202503 -37.464 319.799 -38.684
202506 -33.760 322.561 -34.561
202509 -29.470 324.800 -29.961
202512 -25.187 324.054 -25.666
202603 -19.744 330.213 -19.744

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.

Is Federal Home Loan Mortgage (FMCC) Overvalued in 2026?

Based on GuruFocus' analysis, Federal Home Loan Mortgage stock appears to be overvalued. The current stock price of $5.37 is trading 113.9% above its estimated GF Value™ of $2.51. GuruFocus considers Federal Home Loan Mortgage to be Significantly Overvalued.

Key valuation signals for FMCC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $2.51 vs. price of $5.37 (113.9% above fair value)
  • GF Score™: 49/100 with 2 warning signs

No single metric tells the full story. See the FMCC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Federal Home Loan Mortgage Business Description

Address 8200 Jones Branch Drive, McLean, VA, USA, 22102-3110
Federal Home Loan Mortgage Corp is a U.S. based government-sponsored enterprise. The company invests in mortgage loans and mortgage-related securities. Its two reportable segments are: i) Single-Family: It provides liquidity and support to the single-family mortgage market through a variety of activities that include the purchase, securitization, and guarantee of single-family loans originated by lenders, and ii) Multifamily: It provides liquidity and support to the multifamily mortgage market through a variety of activities that include the purchase, securitization, and guarantee of multifamily loans. The majority of the company's revenue is derived from the Single-Family segment.
49GF Score

Get the complete analysis for FMCC

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.37
Price
$2.51
GF Value