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Federal National Mortgage Association Fannie Mae (Federal National Mortgage Association Fannie Mae) Cyclically Adjusted PB Ratio : (As of Apr. 28, 2024)


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What is Federal National Mortgage Association Fannie Mae Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Federal National Mortgage Association Fannie Mae Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Federal National Mortgage Association Fannie Mae's Cyclically Adjusted PB Ratio 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.

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Federal National Mortgage Association Fannie Mae Cyclically Adjusted PB Ratio Chart

Federal National Mortgage Association Fannie Mae Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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Federal National Mortgage Association Fannie Mae Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Federal National Mortgage Association Fannie Mae's Cyclically Adjusted PB Ratio

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 PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Federal National Mortgage Association Fannie Mae's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Federal National Mortgage Association Fannie Mae's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-53.782/129.4194*129.4194
=-53.782

Current CPI (Dec. 2023) = 129.4194.

Federal National Mortgage Association Fannie Mae Quarterly Data

Book Value per Share CPI Adj_Book
201403 -110.732 99.695 -143.748
201406 -112.442 100.560 -144.712
201409 -112.194 100.428 -144.582
201412 -114.499 99.070 -149.575
201503 -114.607 99.621 -148.888
201506 -112.394 100.684 -144.472
201509 -114.247 100.392 -147.281
201512 -114.197 99.792 -148.101
201603 -115.857 100.470 -149.239
201606 -114.173 101.688 -145.309
201609 -114.071 101.861 -144.933
201612 -112.434 101.863 -142.851
201703 -114.758 102.862 -144.386
201706 -114.466 103.349 -143.341
201709 -114.526 104.136 -142.333
201712 -120.858 104.011 -150.382
201803 -117.459 105.290 -144.378
201806 -114.419 106.317 -139.282
201809 -114.836 106.507 -139.541
201812 -115.471 105.998 -140.986
201903 -116.230 107.251 -140.255
201906 -115.363 108.070 -138.154
201909 -111.929 108.329 -133.720
201912 -108.245 108.420 -129.210
202003 -108.818 108.902 -129.320
202006 -106.632 108.767 -126.879
202009 -102.991 109.815 -121.377
202012 -99.048 109.897 -116.643
202103 -94.760 111.754 -109.739
202106 -88.612 114.631 -100.043
202109 -84.443 115.734 -94.428
202112 -79.967 117.630 -87.982
202203 -76.167 121.301 -81.265
202206 -72.152 125.017 -74.693
202209 -70.052 125.227 -72.398
202212 -68.811 125.222 -71.118
202303 -65.554 127.348 -66.620
202306 -61.240 128.729 -61.569
202309 -57.198 129.860 -57.004
202312 -53.782 129.419 -53.782

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


Federal National Mortgage Association Fannie Mae  (OTCPK:FNMA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Federal National Mortgage Association Fannie Mae Cyclically Adjusted PB Ratio Related Terms

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


Federal National Mortgage Association Fannie Mae (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. 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.
Executives
Chetlur S Ragavan director 230 PARK AVENUE, NEW YORK NY 10169
Ramon Richards officer: EVP & CIO C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Michael A. Seelig director C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Priscilla Almodovar director, officer: CEO 45 WEST 10TH STREET, NEW YORK NY 10011
Anthony Moon officer: EVP & CRO C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Andrew M Brammer officer: VP & Interim CRO C/O FANNIE MAE, 110015TH STREET, NW, WASHINGTON DC 20005
James L Holmberg officer: SVP & Controller C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Evans H. Malloy Iii officer: EVP-Single-family C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Christopher J Brummer director C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Johnson Simon H R director C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Michele M Evans officer: EVP--Multifamily C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Bair Sheila Colleen director 6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 20817
Stergios Theologides officer: EVP, GC & Corporate Secretary CORELOGIC, INC., 40 PACIFICA, SUITE 900, IRVINE CA 92618
Karin Kimbrough director C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Stephen H Mcelhennon officer: interim GC C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005