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

LTS:0IL0 Federal National Mortgage Association Fannie Mae LTS:0IL0
45 GF Score
Price $6.11
GF Value $2.32
Valuation Significantly Overvalued
! 3 Warning Signs
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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  (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


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

* Premium members only.

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.

Federal National Mortgage Association Fannie Mae Cyclically Adjusted PB Ratio Chart

Federal National Mortgage Association Fannie Mae Annual Data
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Cyclically Adjusted PB Ratio
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Federal National Mortgage Association Fannie Mae Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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LTS:0IL0 vs PFSI, FMCC, WD: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


LTS:0IL0
45GF Score
Federal National Mortgage Association Fannie Mae LTS:0IL0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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. 2026 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. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-23.572/330.2130*330.2130
=-23.572

Current CPI (Mar. 2026) = 330.2130.

Federal National Mortgage Association Fannie Mae Quarterly Data

Book Value per Share CPI Adj_Book
201606 -114.173 241.018 -156.426
201609 -114.070 241.428 -156.019
201612 -112.434 241.432 -153.779
201703 -114.758 243.801 -155.432
201706 -114.466 244.955 -154.307
201709 -114.526 246.819 -153.221
201712 -120.859 246.524 -161.888
201803 -117.459 249.554 -155.423
201806 -114.419 251.989 -149.938
201809 -114.837 252.439 -150.217
201812 -115.471 251.233 -151.772
201903 -116.230 254.202 -150.985
201906 -115.363 256.143 -148.723
201909 -111.929 256.759 -143.950
201912 -108.246 256.974 -139.097
202003 -108.818 258.115 -139.214
202006 -106.632 257.797 -136.585
202009 -102.991 260.280 -130.663
202012 -99.049 260.474 -125.568
202103 -94.761 264.877 -118.135
202106 -88.612 271.696 -107.697
202109 -84.443 274.310 -101.652
202112 -79.967 278.802 -94.713
202203 -76.167 287.504 -87.482
202206 -72.153 296.311 -80.408
202209 -70.052 296.808 -77.936
202212 -68.811 296.797 -76.558
202303 -65.554 301.836 -71.717
202306 -61.241 305.109 -66.280
202309 -57.199 307.789 -61.366
202312 -53.782 306.746 -57.896
202403 -50.048 312.332 -52.913
202406 -46.182 314.175 -48.539
202409 -42.688 315.301 -44.707
202412 -39.124 315.605 -40.935
202503 -35.968 319.799 -37.139
202506 -33.098 322.561 -33.883
202509 -29.774 324.800 -30.270
202512 -26.729 324.054 -27.237
202603 -23.572 330.213 -23.572

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 National Mortgage Association Fannie Mae (LTS:0IL0) Overvalued in 2026?

Based on GuruFocus' analysis, Federal National Mortgage Association Fannie Mae stock appears to be overvalued. The current stock price of $6.11 is trading 163.4% above its estimated GF Value™ of $2.32. GuruFocus considers Federal National Mortgage Association Fannie Mae to be Significantly Overvalued.

Key valuation signals for LTS:0IL0:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $2.32 vs. price of $6.11 (163.4% above fair value)
  • GF Score™: 45/100 with 3 warning signs

No single metric tells the full story. See the LTS:0IL0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Federal National Mortgage Association Fannie Mae 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 namely the Single-Family business that operates in the secondary mortgage market relating to single-family mortgage loans, which are secured by properties containing four or fewer residential dwelling units and 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.
45GF Score

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

$6.11
Price
$2.32
GF Value