AGM (Federal Agricultural Mortgage) Scaled Net Operating Assets: 0.96 (As of Mar. 2026)


AGM Federal Agricultural Mortgage Corp AGM
62 GF Score
Price $194.94
GF Value $230.35
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Federal Agricultural Mortgage Scaled Net Operating Assets?

Federal Agricultural Mortgage AGM +0.86% 62 Scaled Net Operating Assets is 0.96 as of Mar. 2026. GuruFocus rates AGM with a GF Score™ of 62/100 and a GF Value™ of $230.35 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Federal Agricultural Mortgage's operating assets for the quarter that ended in Mar. 2026 was $34,521.2 Mil. Federal Agricultural Mortgage's operating liabilities for the quarter that ended in Mar. 2026 was $500.9 Mil. Federal Agricultural Mortgage's Total Assets for the quarter that ended in Dec. 2025 was $35,370.2 Mil. Therefore, Federal Agricultural Mortgage's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.96.

AGM
62GF Score
Federal Agricultural Mortgage Corp AGM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Federal Agricultural Mortgage Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Federal Agricultural Mortgage's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(34463.565-463.203)/31324.742
=1.09

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=35370.157 - 906.592
=34463.565

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=33651.208 - 21916.323 - 11271.682
=463.203

Federal Agricultural Mortgage's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(34521.204-500.916)/35370.157
=0.96

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=36729.246 - 2208.042
=34521.204

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=35012.225 - 23008.189 - 11503.12
=500.916

* 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.

What does a Scaled Net Operating Assets of 0.96 mean?
Federal Agricultural Mortgage (AGM) has a Scaled Net Operating Assets of 0.96 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Federal Agricultural Mortgage and its competitors.
Is Federal Agricultural Mortgage's Scaled Net Operating Assets too high?
Federal Agricultural Mortgage's current Scaled Net Operating Assets is 0.96. Overall, Federal Agricultural Mortgage has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Federal Agricultural Mortgage's Scaled Net Operating Assets compare to EZPW and ECPG?
Federal Agricultural Mortgage's Scaled Net Operating Assets of 0.96 can be compared against companies in the Credit Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Credit Services company?
A good Scaled Net Operating Assets depends on the Credit Services industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Federal Agricultural Mortgage and its competitors. Federal Agricultural Mortgage's current Scaled Net Operating Assets is 0.96. 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 Modestly Undervalued. The stock's GF Value™ is $230.35, compared to a current price of $194.94 — trading 15.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.96. Federal Agricultural Mortgage's overall GF Score™ is 62/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Federal Agricultural Mortgage (AGM), the current Scaled Net Operating Assets is 0.96 as of Mar. 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 $194.94 is trading 15.4% below its estimated GF Value™ of $230.35. GuruFocus considers Federal Agricultural Mortgage to be Modestly Undervalued.

Key valuation signals for AGM:

  • Scaled Net Operating Assets: 0.96
  • GF Value™: $230.35 vs. price of $194.94 (15.4% below fair value)
  • GF Score™: 62/100 with 5 warning signs

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 Business Description

Address 2100 Pennsylvania Avenue NW, Suite 450 N, Washington, DC, USA, 20037
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.
62GF Score

Get the complete analysis for AGM

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

$194.94
Price
$230.35
GF Value