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Federal National Mortgage Association Fannie Mae (STU:FNM) Cyclically Adjusted Book per Share : €-113.19 (As of Mar. 2024)


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What is Federal National Mortgage Association Fannie Mae Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Federal National Mortgage Association Fannie Mae's adjusted book value per share for the three months ended in Mar. 2024 was €-46.044. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €-113.19 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -1.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -8.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Federal National Mortgage Association Fannie Mae was 12.60% per year. The lowest was -202.40% per year. And the median was 1.55% per year.

As of today (2024-05-08), Federal National Mortgage Association Fannie Mae's current stock price is €1.36. Federal National Mortgage Association Fannie Mae's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €-113.19. Federal National Mortgage Association Fannie Mae's Cyclically Adjusted PB Ratio of today is .


Federal National Mortgage Association Fannie Mae Cyclically Adjusted Book per Share Historical Data

The historical data trend for Federal National Mortgage Association Fannie Mae's Cyclically Adjusted Book per Share 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.

* Premium members only.

Federal National Mortgage Association Fannie Mae Cyclically Adjusted Book per Share Chart

Federal National Mortgage Association Fannie Mae Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -104.76 -97.60 -115.45 -117.45 -98.31

Federal National Mortgage Association Fannie Mae Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -113.65 -111.06 -119.47 -98.31 -113.19

Competitive Comparison of Federal National Mortgage Association Fannie Mae's Cyclically Adjusted Book per Share

For the Mortgage Finance subindustry, Federal National Mortgage Association Fannie Mae's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Federal National Mortgage Association Fannie Mae's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Federal National Mortgage Association Fannie Mae's Cyclically Adjusted PB Ratio falls into.



Federal National Mortgage Association Fannie Mae Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Federal National Mortgage Association Fannie Mae's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-46.044/129.4194*129.4194
=-46.044

Current CPI (Mar. 2024) = 129.4194.

Federal National Mortgage Association Fannie Mae Quarterly Data

Book Value per Share CPI Adj_Book
201406 -82.757 100.560 -106.508
201409 -87.063 100.428 -112.196
201412 -92.859 99.070 -121.306
201503 -105.897 99.621 -137.573
201506 -100.143 100.684 -128.724
201509 -101.794 100.392 -131.227
201512 -104.833 99.792 -135.956
201603 -104.040 100.470 -134.018
201606 -101.614 101.688 -129.325
201609 -101.637 101.861 -129.135
201612 -106.588 101.863 -135.423
201703 -107.299 102.862 -135.002
201706 -101.875 103.349 -127.573
201709 -96.087 104.136 -119.417
201712 -102.125 104.011 -127.073
201803 -95.259 105.290 -117.090
201806 -97.942 106.317 -119.225
201809 -98.415 106.507 -119.587
201812 -101.499 105.998 -123.926
201903 -102.864 107.251 -124.126
201906 -102.096 108.070 -122.266
201909 -101.632 108.329 -121.418
201912 -97.421 108.420 -116.290
202003 -98.480 108.902 -117.034
202006 -94.689 108.767 -112.668
202009 -87.439 109.815 -103.049
202012 -81.418 109.897 -95.881
202103 -79.599 111.754 -92.181
202106 -73.548 114.631 -83.036
202109 -71.777 115.734 -80.264
202112 -70.771 117.630 -77.864
202203 -69.159 121.301 -73.788
202206 -68.256 125.017 -70.660
202209 -70.752 125.227 -73.121
202212 -64.957 125.222 -67.134
202303 -61.227 127.348 -62.223
202306 -56.525 128.729 -56.828
202309 -53.595 129.860 -53.413
202312 -49.318 129.419 -49.318
202403 -46.044 129.419 -46.044

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Federal National Mortgage Association Fannie Mae  (STU:FNM) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Federal National Mortgage Association Fannie Mae Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Federal National Mortgage Association Fannie Mae's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Federal National Mortgage Association Fannie Mae (STU:FNM) 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. The Single-Family business operates in the secondary mortgage market relating to single-family mortgage loans, which are secured by properties containing four or fewer residential dwelling units. 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.

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