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What is Federal Agricultural Mortgage Graham Number?
Federal Agricultural MortgageAGM +3.31%65 Graham Number is $217.95 as of Jun. 2026, which is 29353% above its 10-year median of 0.74. GuruFocus rates AGM with a GF Score™ of 65/100 and a GF Value™ of $252.19 (Fairly Valued). The stock has 7 warning signs investors should review. Among 403 Credit Services companies, Federal Agricultural Mortgage ranks better than 58.81% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
The historical rank and industry rank for Federal Agricultural Mortgage's Graham Number or its related term are showing as below:
AGM'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.53 Med: 0.74 Max: 0.97
Current: 0.71
During the past 13 years, the highest Price to Graham Number ratio of Federal Agricultural Mortgage was 0.97. The lowest was 0.53. And the median was 0.74.
AGM's Price-to-Graham-Number is ranked better than 58.81% of 403
companies
in the Credit Services industry
Industry Median: 0.84
vs AGM: 0.71
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Federal Agricultural Mortgage (NYSE:AGM) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Federal Agricultural Mortgage's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
227.60
/
217.95
=
1.04
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Federal Agricultural Mortgage Graham Number Related Terms
Federal Agricultural Mortgage Graham Number Historical Data
* 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.
For the Credit Services subindustry, Federal Agricultural Mortgage's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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 Price-to-Graham-Number vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Federal Agricultural Mortgage's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Federal Agricultural Mortgage's Price-to-Graham-Number falls into.
* 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 (AGM) has a Graham Number of $217.95 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Federal Agricultural Mortgage and its competitors. This is 29353% above median its historical median of 0.74. Over the past decade, Federal Agricultural Mortgage's Graham Number has ranged from 0.53 to 0.97. According to the industry distribution chart, Federal Agricultural Mortgage ranks #166 out of 403 companies in the Credit Services industry, placing it in the top 41.2%.
Is Federal Agricultural Mortgage's Graham Number too high?
Federal Agricultural Mortgage's current Graham Number of $217.95 is 29353% above median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 0.97. The Credit Services industry median Graham Number is 0.84. Federal Agricultural Mortgage's value of $217.95 is 25846.4% above this industry median. Based on the distribution chart, Federal Agricultural Mortgage ranks #166 out of 403 companies in the Credit Services industry, which is above the industry midpoint. Overall, Federal Agricultural Mortgage has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Federal Agricultural Mortgage's Graham Number compare to ECPG and EZPW?
According to the Credit Services industry distribution chart, Federal Agricultural Mortgage ranks #166 out of 403 companies for Graham Number. This puts Federal Agricultural Mortgage in the upper half of its industry. The industry median Graham Number is 0.84. Federal Agricultural Mortgage's value of $217.95 is 25846.4% above this benchmark. Historically, Federal Agricultural Mortgage's own Graham Number has ranged from 0.53 to 0.97 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 0.84, 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 Graham Number for a Credit Services company?
The median Graham Number among Credit Services companies is 0.84, based on 403 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Federal Agricultural Mortgage's current Graham Number of $217.95 is 25846.4% 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 Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Federal Agricultural Mortgage and its competitors. For the Credit Services industry, the median Graham Number is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Federal Agricultural Mortgage's current Graham Number is $217.95, which is 29353% above median its own 10-year median of 0.74. 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 (AGM) is currently considered Fairly Valued. The stock's GF Value™ is $252.19, compared to a current price of $227.60 — trading 9.8% below its estimated fair value. The current Graham Number is $217.95, which is 29353% above median its 10-year median of 0.74 and 25846.4% above the Credit Services industry median of 0.84. Federal Agricultural Mortgage's overall GF Score™ is 65/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Federal Agricultural Mortgage (AGM), the current Graham Number is $217.95 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 Agricultural Mortgage (AGM) Overvalued in 2026?
Based on GuruFocus' analysis, Federal Agricultural Mortgage stock appears to be undervalued.
The current stock price of $227.60 is trading 9.8% below its estimated GF Value™ of $252.19.
GuruFocus considers Federal Agricultural Mortgage to be Fairly Valued.
Key valuation signals for AGM:
Graham Number: $217.95 (29353% above median its 10-year median of 0.74)
GF Value™: $252.19 vs. price of $227.60 (9.8% below fair value)
Industry Position: 25846.4% above the Credit Services median (#166 of 403)
No single metric tells the full story. See the AGM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
65GF Score
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