Filing Flows › Federal National Mortgage Association Fannie Mae (FNMA) › Stock forecast & fair value
Federal National Mortgage Association Fannie Mae (FNMA) stock forecast and fair value
Federal National Mortgage Association Fannie Mae (FNMA) trades at $4.26. 4 analysts' median price target is $4.00 (-6%), from $3.50 to $5.00. Across 11 valuation methods the middle fair value is $4.34 (+2%).
Fair value by method
| Method | Low | Point | High | vs price |
|---|---|---|---|---|
| P/E vs peers | $1.82 | $2.45 | $3.94 | -43% |
| P/E vs peers, weighted | $2.61 | $4.34 | $6.27 | +2% |
| P/E vs peers, matched | $1.51 | $2.45 | $3.39 | -42% |
| Residual income | $20.35 | $21.08 | $21.86 | +395% |
| P/TBV vs ROTCE (bank peers) | $24.13 | $31.89 | $39.66 | +649% |
| Analysts' price targets | $3.50 | $4.12 | $5.00 | -3% |
| Justified P/TBV (Gordon growth) | $23.51 | $26.93 | $31.52 | +532% |
| Stage-weighted value (financial (bank / insurer)) | $20.25 | $23.92 | $27.95 | +461% |
| Graham number | $7.94 | $9.73 | $11.23 | +128% |
| Graham formula (revised) | $1.35 | $2.29 | $3.22 | -46% |
Federal National Mortgage Association Fannie Mae's latest quarter
Federal National Mortgage Association Fannie Mae, Q3 2026: revenue $7.7B (+5% year over year), operating margin 66.8%, net earnings $4.2B, operating cash flow $876M. The chart follows the revenue to costs, profit and cash.
Questions
What is the price target for FNMA stock?
The median of 4 analysts' 12-month targets is $4.00, -6% from $4.26; the range is $3.50 to $5.00. The average rating is hold.
What is Federal National Mortgage Association Fannie Mae's fair value?
The fair-value methods on Filing Flows (DCF, Monte Carlo, peer multiples and others) put it between $1.10 and $31.89, with a middle value of $4.34 against a price of $4.26. Each method's assumptions are on the page.
Is FNMA stock a buy?
Filing Flows does not give advice. It shows what analysts expect, what each valuation method implies and the figures behind them, read from SEC filings, so you can judge for yourself.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.