Start with its own history
At 4.12×, FNMAN is 99.8% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
OTC · FNMANFinancial - MortgagesUpdated Oct 23, 2026
Federal National Mortgage Association P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
4.12×
99.8% belowthe 10-year annual average
Share price11.44
÷Earnings per share2.778
Price and EPS in quote currency. Calculation details
Investors are paying 4.12 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 1803.30×
3-year average5284.44×3 positive annual observations
5-year average3324.36×5 positive annual observations
10-year average1803.30×10 positive annual observations
Peer median · TTM19.60×5 peers with positive P/E
Historical P/E ratios
Annual period-end data · 23 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 7153.33× | +9.0% |
| Dec 31, 2024 | 6560.00× | +206.5% |
| Dec 31, 2023 | 2140.00× | +202.8% |
| Dec 31, 2022 | 706.80× | +1046.4% |
| Dec 31, 2021 | 61.65× | -93.3% |
| Dec 31, 2020 | 919.23× | +878.2% |
| Dec 31, 2019 | 93.98× | +5042.1% |
| Dec 31, 2018 | 1.83× | -70.3% |
View all 23 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 6.16× | -98.4% |
| Dec 31, 2016 | 390.00× | +45082.9% |
| Dec 31, 2015 | 0.86× | +3.5% |
| Dec 31, 2014 | 0.83× | +303.7% |
| Dec 31, 2013 | 0.21× | -80.9% |
| Dec 31, 2012 | 1.08× | N/M |
| Dec 31, 2011 | N/M | N/M |
| Dec 31, 2010 | N/M | N/M |
| Dec 31, 2009 | N/M | N/M |
| Dec 31, 2008 | N/M | N/M |
| Dec 31, 2007 | N/M | N/M |
| Dec 31, 2006 | 16.27× | +101.3% |
| Dec 31, 2005 | 8.08× | -43.8% |
| Dec 31, 2004 | 14.39× | +55.6% |
| Dec 31, 2003 | 9.24× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How FNMAN compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 FNMAN This stockFederal National Mortgage Association | 4.12× |
 FMCCFederal Home Loan Mortgage Corporation | N/M |
 PFSIPennyMac Financial Services, Inc. | 8.38× |
 WDWalker & Dunlop, Inc. | 29.64× |
 PMTWPennyMac Mortgage Investment Trust | N/M |
 DXDynex Capital, Inc. | 50.23× |
 MFAMFA Financial, Inc. | 5.01× |
 CIMChimera Investment Corporation | N/M |
 ABRArbor Realty Trust | 19.60× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does FNMAN’s P/E tell you?
Compare like with like
The median of the 5 positive peer ratios above is 19.60×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take FNMAN into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("FNMAN", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 11.44 ÷ EPS 2.778 = 4.12×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Oct 23, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
FNMAN P/E ratio: common questions
The essentials behind the numbers.
Federal National Mortgage Association's current P/E is 4.12× based on the quote data last updated Oct 23, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.