Federal National Mortgage Association Fannie Mae (FNMA) Price to Book (2012 - 2026)
Federal National Mortgage Association Fannie Mae's Price to Book came in at 0.20 for Q3 2026, down 69.5% from 0.67 a year earlier and down 37.6% from the prior quarter.
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Analysis
Federal National Mortgage Association Fannie Mae (FNMA) Price to Book (2012 - 2026) Analysis & Trends
For FY2025, Federal National Mortgage Association Fannie Mae's Price to Book was 0.58, up 184.1% from FY2024.
- Price to Book has increased in each of the last three years.
- Going back by year, Price to Book was 0.20 in FY2024 (+151.6%), 0.08 in FY2023 (+137.2%), 0.03 in FY2022 (-66.5%) and 0.10 in FY2021 (-81.7%).
- The Q3 2026 figure represents the lowest quarterly Price to Book since Q4 2024.
- Year-over-year, Price to Book increased in six of the last eight quarters, with growth averaging 213.2%.
- The fastest year-over-year change in Price to Book over five years came in Q3 2025 (growth of 776.4%), and the weakest in Q2 2022 (a decline of 81.8%).
- Business Quant data shows FNMA's Price to Book at 0.33 (Q2 2026), 0.38 (Q1 2026) and 0.58 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 42.82 Bn | 31.64 Bn | - |
| 2 | Orix | 38.85 Bn | 7.58 Bn | 12.74 Bn |
| 3 | Royalty Pharma | 30.02 Bn | 27.40 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.05 Bn | 26.05 Bn | - |
| 5 | Synchrony Financial | 23.55 Bn | -44.08 Bn | - |
| 6 | Affirm Holdings | 23.27 Bn | 16.32 Bn | - |
| 7 | Royal Gold | 22.53 Bn | 21.71 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.32 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.77 Bn | 11.52 Bn | - |
| 10 | Federal Home Loan Mortgage | 12.90 Bn | -5.77 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.20 |
| Jun 30, 2026 | 0.33 |
| Mar 31, 2026 | 0.38 |
| Dec 31, 2025 | 0.58 |
| Sep 30, 2025 | 0.67 |
| Jun 30, 2025 | 0.55 |
| Mar 31, 2025 | 0.38 |
| Dec 31, 2024 | 0.20 |
| Sep 30, 2024 | 0.08 |
| Jun 30, 2024 | 0.10 |
| Mar 31, 2024 | 0.11 |
| Dec 31, 2023 | 0.08 |
| Sep 30, 2023 | 0.05 |
| Jun 30, 2023 | 0.04 |
| Mar 31, 2023 | 0.04 |
| Dec 31, 2022 | 0.03 |
| Sep 30, 2022 | 0.05 |
| Jun 30, 2022 | 0.04 |
| Mar 31, 2022 | 0.09 |
| Dec 31, 2021 | 0.10 |
API Access
Federal National Mortgage Association Fannie Mae Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=FNMA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "FNMA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=FNMA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();