Federal National Mortgage Association Fannie Mae (BUE:FNMA) Scaled Net Operating Assets: 0.95 (As of Mar. 2026)


BUE:FNMA Federal National Mortgage Association Fannie Mae BUE:FNMA
15 GF Score
Price ARS10,990.00
GF Value ARS3,833.72
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Federal National Mortgage Association Fannie Mae Scaled Net Operating Assets?

Federal National Mortgage Association Fannie Mae BUE:FNMA 15 Scaled Net Operating Assets is 0.95 as of Mar. 2026. GuruFocus rates BUE:FNMA with a GF Score™ of 15/100 and a GF Value™ of ARS3,833.72 (Significantly Overvalued). The stock has 3 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 National Mortgage Association Fannie Mae's operating assets for the quarter that ended in Mar. 2026 was ARS6,016,852,768 Mil. Federal National Mortgage Association Fannie Mae's operating liabilities for the quarter that ended in Mar. 2026 was ARS40,781,216 Mil. Federal National Mortgage Association Fannie Mae's Total Assets for the quarter that ended in Dec. 2025 was ARS6,266,858,863 Mil. Therefore, Federal National Mortgage Association Fannie Mae's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.95.

BUE:FNMA
15GF Score
Federal National Mortgage Association Fannie Mae BUE:FNMA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Federal National Mortgage Association Fannie Mae 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 National Mortgage Association Fannie Mae'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 )
=(6250236411.269-40782486.102)/4393228353.932
=1.41

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6266858863.162 - 16622451.893
=6250236411.269

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6108629145.58 - 6032230022.685 - 35616636.793
=40782486.102

Federal National Mortgage Association Fannie Mae'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 )
=(6016852768.428-40781216.311)/6266858863.162
=0.95

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6032917206.273 - 16064437.845
=6016852768.428

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5875381126.656 - 5805793264.989 - 28806645.356
=40781216.311

* 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 0.95 mean?
Federal National Mortgage Association Fannie Mae (BUE:FNMA) has a Scaled Net Operating Assets of 0.95 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 National Mortgage Association Fannie Mae and its competitors.
Is Federal National Mortgage Association Fannie Mae's Scaled Net Operating Assets too high?
Federal National Mortgage Association Fannie Mae's current Scaled Net Operating Assets is 0.95. Overall, Federal National Mortgage Association Fannie Mae has a GF Score™ of 15/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Federal National Mortgage Association Fannie Mae's Scaled Net Operating Assets compare to PFSI and FMCC?
Federal National Mortgage Association Fannie Mae's Scaled Net Operating Assets of 0.95 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 Scaled Net Operating Assets for a Banks company?
A good Scaled Net Operating Assets depends on the Banks 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 National Mortgage Association Fannie Mae and its competitors. Federal National Mortgage Association Fannie Mae's current Scaled Net Operating Assets is 0.95. 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 Significantly Overvalued. The stock's GF Value™ is ARS3,833.72, compared to a current price of ARS10,990.00 — trading 186.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.95. Federal National Mortgage Association Fannie Mae's overall GF Score™ is 15/100 with 3 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 National Mortgage Association Fannie Mae (BUE:FNMA), the current Scaled Net Operating Assets is 0.95 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 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 ARS10,990.00 is trading 186.7% above its estimated GF Value™ of ARS3,833.72. GuruFocus considers Federal National Mortgage Association Fannie Mae to be Significantly Overvalued.

Key valuation signals for BUE:FNMA:

  • Scaled Net Operating Assets: 0.95
  • GF Value™: ARS3,833.72 vs. price of ARS10,990.00 (186.7% above fair value)
  • GF Score™: 15/100 with 3 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.
15GF Score

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

ARS10,990.00
Price
ARS3,833.72
GF Value