FNMA (Federal National Mortgage Association Fannie Mae) Price-to-Tangible-Book: (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.

FNMA Federal National Mortgage Association Fannie Mae FNMA
51 GF Score
Price $5.03
GF Value $3.08
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Federal National Mortgage Association Fannie Mae Price-to-Tangible-Book?

As of today (2026-09-21), Federal National Mortgage Association Fannie Mae's share price is $5.034. Federal National Mortgage Association Fannie Mae's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was $-20.27. Hence, Federal National Mortgage Association Fannie Mae's Price to Tangible Book Ratio of today is .

The historical rank and industry rank for Federal National Mortgage Association Fannie Mae's Price-to-Tangible-Book or its related term are showing as below:

FNMA's Price-to-Tangible-Book is not ranked *
in the Banks industry.
Industry Median: 1.19
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Federal National Mortgage Association Fannie Mae's share price is $5.034. Federal National Mortgage Association Fannie Mae's Book Value per Sharefor the quarter that ended in Jun. 2026 was $-20.27. Hence, Federal National Mortgage Association Fannie Mae's P/B Ratio of today is .


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


Federal National Mortgage Association Fannie Mae Price-to-Tangible-Book Related Terms


Federal National Mortgage Association Fannie Mae Price-to-Tangible-Book Historical Data

* Premium members only.

The historical data trend for Federal National Mortgage Association Fannie Mae's Price-to-Tangible-Book 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 Price-to-Tangible-Book Chart

Federal National Mortgage Association Fannie Mae Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Price-to-Tangible-Book
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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
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FNMA vs PFSI, FMCC, UWMC: Price-to-Tangible-Book Comparison

For the Mortgage Finance subindustry, Federal National Mortgage Association Fannie Mae's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Banks Industry

For the Banks industry and Financial Services sector, Federal National Mortgage Association Fannie Mae's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Federal National Mortgage Association Fannie Mae's Price-to-Tangible-Book falls into.


FNMA
51GF Score
Federal National Mortgage Association Fannie Mae FNMA
Price-to-Tangible-Book is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Federal National Mortgage Association Fannie Mae Price-to-Tangible-Book Calculation

Federal National Mortgage Association Fannie Mae's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Jun. 2026 )
=5.034/-20.265
=

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Is Federal National Mortgage Association Fannie Mae (FNMA) Overvalued in 2026?

Based on GuruFocus' analysis, Federal National Mortgage Association Fannie Mae stock appears to be overvalued. The current stock price of $5.03 is trading 63.4% above its estimated GF Value™ of $3.08. GuruFocus considers Federal National Mortgage Association Fannie Mae to be Significantly Overvalued.

Key valuation signals for FNMA:

  • Price-to-Tangible-Book:
  • GF Value™: $3.08 vs. price of $5.03 (63.4% above fair value)
  • GF Score™: 51/100 with 2 warning signs

No single metric tells the full story. See the 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.
51GF Score

Get the complete analysis for FNMA

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

$5.03
Price
$3.08
GF Value