Federal Agricultural Mortgage (FRA:A35) Cyclically Adjusted PS Ratio: 3.05 (As of Sep. 17, 2026) — 45% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

FRA:A35 Federal Agricultural Mortgage Corp FRA:A35
68 GF Score
Price €193.00
GF Value €211.39
Valuation Fairly Valued
! 8 Warning Signs
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What is Federal Agricultural Mortgage Cyclically Adjusted PS Ratio?

Federal Agricultural Mortgage FRA:A35 68 Cyclically Adjusted PS Ratio is 3.05 as of Sep. 17, 2026, which is 45% below its 10-year median of 5.53. GuruFocus rates FRA:A35 with a GF Score™ of 68/100 and a GF Value™ of €211.39 (Fairly Valued). The stock has 8 warning signs investors should review. Among 420 Credit Services companies, Federal Agricultural Mortgage ranks worse than 69.52% on this metric.

As of today (2026-09-17), Federal Agricultural Mortgage's current share price is €193.00. Federal Agricultural Mortgage's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €63.24. Federal Agricultural Mortgage's Cyclically Adjusted PS Ratio for today is 3.05.

The historical rank and industry rank for Federal Agricultural Mortgage's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:A35' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.94   Med: 5.53   Max: 7.3
Current: 5.26

During the past years, Federal Agricultural Mortgage's highest Cyclically Adjusted PS Ratio was 7.30. The lowest was 2.94. And the median was 5.53.

FRA:A35's Cyclically Adjusted PS Ratio is ranked worse than
69.52% of 420 companies
in the Credit Services industry
Industry Median: 2.965 vs FRA:A35: 5.26

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Federal Agricultural Mortgage's adjusted revenue per share data for the three months ended in Jun. 2026 was €34.425. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €63.24 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Federal Agricultural Mortgage  (FRA:A35) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Federal Agricultural Mortgage Cyclically Adjusted PS Ratio Related Terms


Federal Agricultural Mortgage Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Federal Agricultural Mortgage's Cyclically Adjusted PS 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 Agricultural Mortgage Cyclically Adjusted PS Ratio Chart

Federal Agricultural Mortgage Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.22 2.77 3.99 3.81 2.63

Federal Agricultural Mortgage Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 3.09 2.54 2.59 2.08 2.74

FRA:A35 vs WU, ECPG, EZPW: Cyclically Adjusted PS Ratio Comparison

For the Credit Services subindustry, Federal Agricultural Mortgage's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Agricultural Mortgage Cyclically Adjusted PS Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Federal Agricultural Mortgage's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Federal Agricultural Mortgage's Cyclically Adjusted PS Ratio falls into.


FRA:A35
68GF Score
Federal Agricultural Mortgage Corp FRA:A35
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Federal Agricultural Mortgage Cyclically Adjusted PS Ratio Calculation

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

Federal Agricultural Mortgage's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=193.00/63.241
=3.05

* 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 Agricultural Mortgage's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Federal Agricultural Mortgage's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=34.425/333.9520*333.9520
=34.425

Current CPI (Jun. 2026) = 333.9520.

Federal Agricultural Mortgage Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.920 241.428 9.572
201612 8.715 241.432 12.055
201703 8.131 243.801 11.138
201706 8.277 244.955 11.284
201709 8.371 246.819 11.326
201712 9.002 246.524 12.194
201803 8.990 249.554 12.030
201806 10.288 251.989 13.634
201809 11.306 252.439 14.957
201812 11.293 251.233 15.011
201903 12.931 254.202 16.988
201906 12.606 256.143 16.435
201909 13.047 256.759 16.969
201912 12.647 256.974 16.435
202003 11.755 258.115 15.209
202006 10.406 257.797 13.480
202009 9.124 260.280 11.707
202012 9.000 260.474 11.539
202103 8.316 264.877 10.485
202106 8.507 271.696 10.456
202109 8.133 274.310 9.901
202112 8.709 278.802 10.432
202203 9.918 287.504 11.520
202206 10.338 296.311 11.651
202209 11.918 296.808 13.409
202212 13.786 296.797 15.512
202303 14.334 301.836 15.859
202306 15.167 305.109 16.601
202309 16.513 307.789 17.917
202312 14.403 306.746 15.680
202403 17.324 312.332 18.523
202406 18.461 314.175 19.623
202409 19.450 315.301 20.601
202412 20.738 315.605 21.944
202503 21.782 319.799 22.746
202506 21.998 322.561 22.775
202509 22.332 324.800 22.961
202512 22.479 324.054 23.166
202603 23.990 330.213 24.262
202606 34.425 333.952 34.425

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 3.05 mean?
Federal Agricultural Mortgage (FRA:A35) has a Cyclically Adjusted PS Ratio of 3.05 as of Sep. 17, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Federal Agricultural Mortgage and its competitors. This is 45% below median its historical median of 5.53. Over the past decade, Federal Agricultural Mortgage's Cyclically Adjusted PS Ratio has ranged from 2.94 to 7.30. According to the industry distribution chart, Federal Agricultural Mortgage ranks #292 out of 420 companies in the Credit Services industry, placing it in the top 69.5%.
Is Federal Agricultural Mortgage's Cyclically Adjusted PS Ratio too high?
Federal Agricultural Mortgage's current Cyclically Adjusted PS Ratio of 3.05 is 45% below median its 10-year median of 5.53. Over the past 10 years, this metric has ranged from a low of 2.94 to a high of 7.30. The Credit Services industry median Cyclically Adjusted PS Ratio is 2.97. Federal Agricultural Mortgage's value of 3.05 is 2.9% above this industry median. Based on the distribution chart, Federal Agricultural Mortgage ranks #292 out of 420 companies in the Credit Services industry, which is below the industry midpoint. Overall, Federal Agricultural Mortgage has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Federal Agricultural Mortgage's Cyclically Adjusted PS Ratio compare to WU and ECPG?
According to the Credit Services industry distribution chart, Federal Agricultural Mortgage ranks #292 out of 420 companies for Cyclically Adjusted PS Ratio. This places Federal Agricultural Mortgage in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.97. Federal Agricultural Mortgage's value of 3.05 is 2.9% above this benchmark. Historically, Federal Agricultural Mortgage's own Cyclically Adjusted PS Ratio has ranged from 2.94 to 7.30 over the past decade. While the company's 10-year median is 5.53 vs. the industry median of 2.97, Federal Agricultural Mortgage has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Credit Services company?
The median Cyclically Adjusted PS Ratio among Credit Services companies is 2.97, based on 420 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Federal Agricultural Mortgage's current Cyclically Adjusted PS Ratio of 3.05 is 2.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Federal Agricultural Mortgage and its competitors. For the Credit Services industry, the median Cyclically Adjusted PS Ratio is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Federal Agricultural Mortgage's current Cyclically Adjusted PS Ratio is 3.05, which is 45% below median its own 10-year median of 5.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal Agricultural Mortgage stock overvalued right now?
Based on GuruFocus' analysis, Federal Agricultural Mortgage (FRA:A35) is currently considered Fairly Valued. The stock's GF Value™ is €211.39, compared to a current price of €193.00 — trading 8.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.05, which is 45% below median its 10-year median of 5.53 and 2.9% above the Credit Services industry median of 2.97. Federal Agricultural Mortgage's overall GF Score™ is 68/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Federal Agricultural Mortgage (FRA:A35), the current Cyclically Adjusted PS Ratio is 3.05 as of Sep. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Federal Agricultural Mortgage (FRA:A35) Overvalued in 2026?

Based on GuruFocus' analysis, Federal Agricultural Mortgage stock appears to be undervalued. The current stock price of €193.00 is trading 8.7% below its estimated GF Value™ of €211.39. GuruFocus considers Federal Agricultural Mortgage to be Fairly Valued.

Key valuation signals for FRA:A35:

  • Cyclically Adjusted PS Ratio: 3.05 (45% below median its 10-year median of 5.53)
  • GF Value™: €211.39 vs. price of €193.00 (8.7% below fair value)
  • GF Score™: 68/100 with 8 warning signs
  • Industry Position: 2.9% above the Credit Services median (#292 of 420)

No single metric tells the full story. See the FRA:A35 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Federal Agricultural Mortgage Business Description

Address 2100 Pennsylvania Avenue NW, Suite 450 N, Washington, DC, USA, 20037
Federal Agricultural Mortgage Corp provides agricultural real estate and rural housing mortgage loans in the secondary market in the U.S. Its operations consist of seven reportable segments: Farm & Ranch, which generates maximum revenue, Corporate AgFinance, Power & Utilities, Broadband Infrastructure, Renewable Energy, Funding, and Investments. The company purchases eligible mortgage loans secured by first liens on agricultural real estate and rural housing under the Farm & Ranch line of business. Its subsidiary purchases portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the USDA. Geographically, the company's operations are spread across different regions in the United States.
68GF Score

Get the complete analysis for FRA:A35

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

€193.00
Price
€211.39
GF Value