Federal National Mortgage Association Fannie Mae (BUE:FNMA) E10: ARS497.70 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

BUE:FNMA Federal National Mortgage Association Fannie Mae BUE:FNMA
25 GF Score
Price ARS9,700.00
GF Value ARS8,862.69
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Federal National Mortgage Association Fannie Mae E10?

Federal National Mortgage Association Fannie Mae BUE:FNMA -1.02% 25 E10 is ARS497.70 as of Jun. 2026. GuruFocus rates BUE:FNMA with a GF Score™ of 25/100 and a GF Value™ of ARS8,862.69 (Fairly Valued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Federal National Mortgage Association Fannie Mae's adjusted earnings per share data for the three months ended in Jun. 2026 was ARS133.308. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS497.70 for the trailing ten years ended in Jun. 2026.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Federal National Mortgage Association Fannie Mae was 56.00% per year. The lowest was -76.00% per year. And the median was 12.80% per year.

As of today (2026-08-10), Federal National Mortgage Association Fannie Mae's current stock price is ARS9700.00. Federal National Mortgage Association Fannie Mae's E10 for the quarter that ended in Jun. 2026 was ARS497.70. Federal National Mortgage Association Fannie Mae's Shiller PE Ratio of today is 19.49.

During the past 13 years, the highest Shiller PE Ratio of Federal National Mortgage Association Fannie Mae was 36.70. The lowest was 16.20. And the median was 23.45.


Federal National Mortgage Association Fannie Mae  (BUE:FNMA) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Federal National Mortgage Association Fannie Mae's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=9700.00/497.70
=19.49

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Federal National Mortgage Association Fannie Mae was 36.70. The lowest was 16.20. And the median was 23.45.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Federal National Mortgage Association Fannie Mae E10 Related Terms


Federal National Mortgage Association Fannie Mae E10 Historical Data

* Premium members only.

The historical data trend for Federal National Mortgage Association Fannie Mae's E10 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 E10 Chart

Federal National Mortgage Association Fannie Mae Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -88.29 -24.67 -5.85 441.75

Federal National Mortgage Association Fannie Mae Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 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 -464.73 441.75 491.74 497.70

BUE:FNMA vs PFSI, FMCC, WD: E10 Comparison

For the Mortgage Finance subindustry, Federal National Mortgage Association Fannie Mae's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Banks Industry

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

* The bar in red indicates where Federal National Mortgage Association Fannie Mae's Shiller PE Ratio falls into.


BUE:FNMA
25GF Score
Federal National Mortgage Association Fannie Mae BUE:FNMA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Federal National Mortgage Association Fannie Mae E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Federal National Mortgage Association Fannie Mae's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=133.308/333.9520*333.9520
=133.308

Current CPI (Jun. 2026) = 333.9520.

Federal National Mortgage Association Fannie Mae Quarterly Data

per share eps CPI Adj_EPS
201609 1.790 241.428 2.476
201612 -3.805 241.432 -5.263
201703 -0.048 243.801 -0.066
201706 0.495 244.955 0.675
201709 -0.228 246.819 -0.308
201712 -64.732 246.524 -87.689
201803 33.850 249.554 45.298
201806 -0.026 251.989 -0.034
201809 1.104 252.439 1.460
201812 0.000 251.233 0.000
201903 1.173 254.202 1.541
201906 1.340 256.143 1.747
201909 -0.408 256.759 -0.531
201912 1.793 256.974 2.330
202003 -0.476 258.115 -0.616
202006 0.453 257.797 0.587
202009 0.491 260.280 0.630
202012 0.166 260.474 0.213
202103 1.238 264.877 1.561
202106 2.842 271.696 3.493
202109 0.697 274.310 0.849
202112 0.000 278.802 0.000
202203 0.383 287.504 0.445
202206 0.245 296.311 0.276
202209 0.212 296.808 0.239
202212 -0.943 296.797 -1.061
202303 0.000 301.836 0.000
202306 -0.123 305.109 -0.135
202309 3.207 307.789 3.480
202312 -2.584 306.746 -2.813
202403 -1.723 312.332 -1.842
202406 0.000 314.175 0.000
202409 -1.458 315.301 -1.544
202412 1.542 315.605 1.632
202503 0.000 319.799 0.000
202506 0.000 322.561 0.000
202509 6.914 324.800 7.109
202512 13,261.696 324.054 13,666.765
202603 41.947 330.213 42.422
202606 133.308 333.952 133.308

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of ARS497.70 mean?
Federal National Mortgage Association Fannie Mae (BUE:FNMA) has a E10 of ARS497.70 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Federal National Mortgage Association Fannie Mae and its competitors.
Is Federal National Mortgage Association Fannie Mae's E10 too high?
Federal National Mortgage Association Fannie Mae's current E10 is ARS497.70. Overall, Federal National Mortgage Association Fannie Mae has a GF Score™ of 25/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Federal National Mortgage Association Fannie Mae's E10 compare to PFSI and FMCC?
Federal National Mortgage Association Fannie Mae's E10 of ARS497.70 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Banks company?
A good E10 depends on the Banks industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Federal National Mortgage Association Fannie Mae and its competitors. Federal National Mortgage Association Fannie Mae's current E10 is ARS497.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal National Mortgage Association Fannie Mae stock overvalued right now?
Based on GuruFocus' analysis, Federal National Mortgage Association Fannie Mae (BUE:FNMA) is currently considered Fairly Valued. The stock's GF Value™ is ARS8,862.69, compared to a current price of ARS9,700.00 — trading 9.4% above its estimated fair value. The current E10 is ARS497.70. Federal National Mortgage Association Fannie Mae's overall GF Score™ is 25/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Federal National Mortgage Association Fannie Mae (BUE:FNMA), the current E10 is ARS497.70 as of Jun. 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 National Mortgage Association Fannie Mae (BUE:FNMA) Overvalued in 2026?

Based on GuruFocus' analysis, Federal National Mortgage Association Fannie Mae stock appears to be overvalued. The current stock price of ARS9,700.00 is trading 9.4% above its estimated GF Value™ of ARS8,862.69. GuruFocus considers Federal National Mortgage Association Fannie Mae to be Fairly Valued.

Key valuation signals for BUE:FNMA:

  • E10: ARS497.70
  • GF Value™: ARS8,862.69 vs. price of ARS9,700.00 (9.4% above fair value)
  • GF Score™: 25/100 with 2 warning signs

No single metric tells the full story. See the BUE:FNMA 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.
25GF Score

Get the complete analysis for BUE:FNMA

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS9,700.00
Price
ARS8,862.69
GF Value