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FEDERAL AGRICULTURAL MORTGAGE CORP AGM

NYSE · stock · Federal & Federally-Sponsored Credit Agencies · website · IPO 1988-12-09 · LEI

FEDERAL AGRICULTURAL MORTGAGE CORP statistics & valuation

Market cap$2.1B
P / E9.9×
P / B1.2×
Return on equity12.1%
Net debt$30.8B
Enterprise value USD$32.9B
Graham number +1.6%$241.92

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($241.92); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
12.00% 11.90% 14.40% 13.70% 11.50% 11.20% 14.00% 14.20% 13.90% 12.10% 2016201720182019202020212022202320242025
Shares outstanding
10.7M 10.8M 10.7M 10.8M 10.8M 10.8M 10.9M 10.9M 11.0M 11.0M 2016201720182019202020212022202320242025
Net debt ($)
$4.96B $7.13B $15.82B $18.49B $20.76B $21.85B $24.14B $25.70B $27.52B $30.82B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.50% 0.50% 0.60% 0.50% 0.50% 0.50% 0.70% 0.70% 0.70% 0.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
8.11× 10.49× 21.58× 23.89× 21.84× 18.75× 19.65× 18.83× 18.48× 17.93× 2016201720182019202020212022202320242025
EPS ($)
$5.97 $6.60 $8.83 $8.69 $8.80 $10.27 $13.87 $15.81 $16.44 $16.62 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

FEDERAL AGRICULTURAL MORTGAGE CORP trades at about 14.3× earnings — above its 10-year norm (10-year range 8×–12.2×, median 10.2×).

8× 14.3×

Shaded band = 10-year range (8×–12.2×); dot = today's 14.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Return on assets0.6%0.7%0.7%0.7%0.5%0.5%0.5%0.6%0.5%0.5%
Return on equity12.1%13.9%14.2%14.0%11.2%11.5%13.7%14.4%11.9%12.0%
Debt / equity17.93×18.48×18.83×19.65×18.75×21.84×23.89×21.58×10.49×8.11×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.