Federal Home Loan Mortgage (STU:FHL) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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.

STU:FHL Federal Home Loan Mortgage Corp STU:FHL
70 GF Score
Price €4.05
GF Value €4.88
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Federal Home Loan Mortgage Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Federal Home Loan Mortgage  (STU:FHL) 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 Home Loan Mortgage Cyclically Adjusted PS Ratio Related Terms


Federal Home Loan Mortgage Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Federal Home Loan 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 Home Loan Mortgage Cyclically Adjusted PS Ratio Chart

Federal Home Loan 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 0.04 0.02 0.03 0.09 0.30

Federal Home Loan 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 0.25 0.36 0.30 0.19 0.18

STU:FHL vs PFSI, UWMC, WD: Cyclically Adjusted PS Ratio Comparison

For the Mortgage Finance subindustry, Federal Home Loan 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 Home Loan Mortgage Cyclically Adjusted PS Ratio vs Banks Industry

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

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


STU:FHL
70GF Score
Federal Home Loan Mortgage Corp STU:FHL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Federal Home Loan 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 Home Loan Mortgage's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Federal Home Loan 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)
=9.081/333.9520*333.9520
=9.081

Current CPI (Jun. 2026) = 333.9520.

Federal Home Loan Mortgage Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 4.478 241.428 6.194
201612 6.000 241.432 8.299
201703 4.875 243.801 6.678
201706 4.691 244.955 6.395
201709 5.862 246.819 7.931
201712 4.558 246.524 6.174
201803 4.283 249.554 5.731
201806 4.472 251.989 5.927
201809 4.721 252.439 6.245
201812 5.056 251.233 6.721
201903 5.417 254.202 7.116
201906 5.540 256.143 7.223
201909 5.310 256.759 6.906
201912 5.597 256.974 7.274
202003 5.497 258.115 7.112
202006 4.619 257.797 5.983
202009 4.147 260.280 5.321
202012 4.407 260.474 5.650
202103 3.435 264.877 4.331
202106 4.151 271.696 5.102
202109 4.104 274.310 4.996
202112 4.609 278.802 5.521
202203 4.558 287.504 5.294
202206 5.469 296.311 6.164
202209 6.406 296.808 7.208
202212 7.496 296.797 8.434
202303 7.473 301.836 8.268
202306 7.319 305.109 8.011
202309 7.582 307.789 8.226
202312 8.420 306.746 9.167
202403 8.206 312.332 8.774
202406 8.496 314.175 9.031
202409 8.931 315.301 9.459
202412 8.794 315.605 9.305
202503 9.557 319.799 9.980
202506 8.951 322.561 9.267
202509 8.883 324.800 9.133
202512 8.940 324.054 9.213
202603 8.880 330.213 8.981
202606 9.081 333.952 9.081

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.

Is Federal Home Loan Mortgage (STU:FHL) Overvalued in 2026?

Based on GuruFocus' analysis, Federal Home Loan Mortgage stock appears to be undervalued. The current stock price of €4.05 is trading 17% below its estimated GF Value™ of €4.88. GuruFocus considers Federal Home Loan Mortgage to be Modestly Undervalued.

Key valuation signals for STU:FHL:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €4.88 vs. price of €4.05 (17% below fair value)
  • GF Score™: 70/100 with 2 warning signs

No single metric tells the full story. See the STU:FHL 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.
70GF Score

Get the complete analysis for STU:FHL

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

€4.05
Price
€4.88
GF Value