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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.
First Trust Mortgageome Fund's quarterly market cap
declined
from Apr. 2025 ($50.94 Mil) to Oct. 2025 ($50.79 Mil) and
declined
from Oct. 2025 ($50.79 Mil) to Apr. 2026 ($50.72 Mil).
First Trust Mortgageome Fund's annual market cap
increased
from Oct. 2023 ($45.84 Mil) to Oct. 2024 ($51.02 Mil) but then
declined
from Oct. 2024 ($51.02 Mil) to Oct. 2025 ($50.79 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. First Trust Mortgageome Fund's Enterprise Value for Today is $48.16 Mil.
First Trust Mortgageome Fund (NYSE:FMY) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
First Trust Mortgageome Fund Market Cap Related Terms
First Trust Mortgageome Fund Market Cap 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 Asset Management subindustry, First Trust Mortgageome Fund's Market Cap, along with its competitors' market caps and Market Cap 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.
First Trust Mortgageome Fund Market Cap vs Asset Management Industry
For the Asset Management industry and Financial Services sector, First Trust Mortgageome Fund's Market Cap distribution charts can be found below:
* The bar in red indicates where First Trust Mortgageome Fund's Market Cap falls into.
First Trust Mortgageome Fund Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
* 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.
First Trust Mortgageome Fund (FMY) has a Market Cap of $48.16 Mil as of Sep. 07, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on First Trust Mortgageome Fund and its competitors. According to the industry distribution chart, First Trust Mortgageome Fund ranks #1197 out of 1649 companies in the Asset Management industry, placing it in the top 72.6%.
Is First Trust Mortgageome Fund's Market Cap too high?
First Trust Mortgageome Fund's current Market Cap is $48.16 Mil. The Asset Management industry median Market Cap is 213.96. First Trust Mortgageome Fund's value of $48.16 Mil is 77.5% below this industry median. Based on the distribution chart, First Trust Mortgageome Fund ranks #1197 out of 1649 companies in the Asset Management industry, which is below the industry midpoint. Overall, First Trust Mortgageome Fund has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Trust Mortgageome Fund's Market Cap compare to OFS and SDEV?
According to the Asset Management industry distribution chart, First Trust Mortgageome Fund ranks #1197 out of 1649 companies for Market Cap. This places First Trust Mortgageome Fund in the lower half of its industry. The industry median Market Cap is 213.96. First Trust Mortgageome Fund's value of $48.16 Mil is 77.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Asset Management company?
The median Market Cap among Asset Management companies is 213.96, based on 1,649 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Trust Mortgageome Fund's current Market Cap of $48.16 Mil is 77.5% below 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on First Trust Mortgageome Fund and its competitors. For the Asset Management industry, the median Market Cap is 213.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Trust Mortgageome Fund's current Market Cap is $48.16 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Trust Mortgageome Fund stock overvalued right now?
Based on GuruFocus' analysis, First Trust Mortgageome Fund (FMY) is currently considered Fairly Valued. The stock's GF Value™ is $11.71, compared to a current price of $11.43 — trading 2.4% below its estimated fair value. The current Market Cap is $48.16 Mil and 77.5% below the Asset Management industry median of 213.96. First Trust Mortgageome Fund's overall GF Score™ is 54/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For First Trust Mortgageome Fund (FMY), the current Market Cap is $48.16 Mil as of Sep. 07, 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 First Trust Mortgageome Fund (FMY) Overvalued in 2026?
Based on GuruFocus' analysis, First Trust Mortgageome Fund stock appears to be undervalued.
The current stock price of $11.43 is trading 2.4% below its estimated GF Value™ of $11.71.
GuruFocus considers First Trust Mortgageome Fund to be Fairly Valued.
Key valuation signals for FMY:
Market Cap: $48.16 Mil
GF Value™: $11.71 vs. price of $11.43 (2.4% below fair value)
Industry Position: 77.5% below the Asset Management median (#1197 of 1649)
No single metric tells the full story. See the FMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Trust Mortgage Income Fund is a United States-based diversified, closed-end management investment company. The fund's primary investment objective is to seek a high level of current income. Its secondary investment objective is to preserve capital. The fund pursues its objectives by investing predominantly in mortgage-backed securities representing part ownership in a pool of either residential or commercial mortgage loans that, in the opinion of the Fund's investment advisor, offer an attractive combination of credit quality, yield, and maturity.
54GF Score
Get the complete analysis for FMY
Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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