FMCC (Federal Home Loan Mortgage) Scaled Net Operating Assets: 0.99 (As of Mar. 2026)


FMCC Federal Home Loan Mortgage Corp FMCC
48 GF Score
Price $6.17
GF Value $2.52
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Federal Home Loan Mortgage Scaled Net Operating Assets?

Federal Home Loan Mortgage FMCC -5.37% 48 Scaled Net Operating Assets is 0.99 as of Mar. 2026. GuruFocus rates FMCC with a GF Score™ of 48/100 and a GF Value™ of $2.52 (Significantly Overvalued). The stock has 2 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 Home Loan Mortgage's operating assets for the quarter that ended in Mar. 2026 was $3,499,236 Mil. Federal Home Loan Mortgage's operating liabilities for the quarter that ended in Mar. 2026 was $22,143 Mil. Federal Home Loan Mortgage's Total Assets for the quarter that ended in Dec. 2025 was $3,497,598 Mil. Therefore, Federal Home Loan Mortgage's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.99.

FMCC
48GF Score
Federal Home Loan Mortgage Corp FMCC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Federal Home Loan 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 Home Loan 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 )
=(3493505-22192)/3386692
=1.02

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3497598 - 4093
=3493505

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3427214 - 3367304 - 37718
=22192

Federal Home Loan 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 )
=(3499236-22143)/3497598
=0.99

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3505318 - 6082
=3499236

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3431396 - 3384845 - 24408
=22143

* 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 0.99 mean?
Federal Home Loan Mortgage (FMCC) has a Scaled Net Operating Assets of 0.99 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 Home Loan Mortgage and its competitors.
Is Federal Home Loan Mortgage's Scaled Net Operating Assets too high?
Federal Home Loan Mortgage's current Scaled Net Operating Assets is 0.99. Overall, Federal Home Loan Mortgage has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Federal Home Loan Mortgage's Scaled Net Operating Assets compare to PFSI and WD?
Federal Home Loan Mortgage's Scaled Net Operating Assets of 0.99 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 Home Loan Mortgage and its competitors. Federal Home Loan Mortgage's current Scaled Net Operating Assets is 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal Home Loan Mortgage stock overvalued right now?
Based on GuruFocus' analysis, Federal Home Loan Mortgage (FMCC) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.52, compared to a current price of $6.17 — trading 144.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.99. Federal Home Loan Mortgage's overall GF Score™ is 48/100 with 2 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 Home Loan Mortgage (FMCC), the current Scaled Net Operating Assets is 0.99 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 Home Loan Mortgage (FMCC) Overvalued in 2026?

Based on GuruFocus' analysis, Federal Home Loan Mortgage stock appears to be overvalued. The current stock price of $6.17 is trading 144.8% above its estimated GF Value™ of $2.52. GuruFocus considers Federal Home Loan Mortgage to be Significantly Overvalued.

Key valuation signals for FMCC:

  • Scaled Net Operating Assets: 0.99
  • GF Value™: $2.52 vs. price of $6.17 (144.8% above fair value)
  • GF Score™: 48/100 with 2 warning signs

No single metric tells the full story. See the FMCC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Federal Home Loan Mortgage Business Description

Address 8200 Jones Branch Drive, McLean, VA, USA, 22102-3110
Federal Home Loan Mortgage Corp is a U.S. based government-sponsored enterprise. The company invests in mortgage loans and mortgage-related securities. Its two reportable segments are: i) Single-Family: It provides liquidity and support to the single-family mortgage market through a variety of activities that include the purchase, securitization, and guarantee of single-family loans originated by lenders, and ii) Multifamily: It provides liquidity and support to the multifamily mortgage market through a variety of activities that include the purchase, securitization, and guarantee of multifamily loans. The majority of the company's revenue is derived from the Single-Family segment.
48GF 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.

$6.17
Price
$2.52
GF Value