Federal Agricultural Mortgage Corporation (AGM) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Financial - Credit Services
EV/EBITDA
↓
124.53
+2% vs avg
5yr avg: 122.34
30Y Low18.7·High93.2
P/FCF
↑
24.38
↑+222% vs avg
5yr avg: 7.56
30Y Low1.2·High24.1
P/B Ratio
↑
1.14
-7% vs avg
5yr avg: 1.23
30Y Low0.4·High3.6
ROE
↑
12.9%
-6% vs avg
5yr avg: 13.8%
30Y Low-126%·High94%
Debt/EBITDA
↓
120.53
+1% vs avg
5yr avg: 118.88
30Y Low20.6·High47.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AGM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Federal Agricultural Mortgage Corporation trades at 10.8x earnings, roughly in line with its 5-year average of 11.0x, sitting at the 54th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a discount of 20%. On a free-cash-flow basis, the stock trades at 24.4x P/FCF, 222% above the 5-year average of 7.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.0B | $1.9B | $2.2B | $2.1B | $1.2B | $1.3B | $801M | $900M | $650M | $845M | $615M |
| Enterprise Value | $31.8B | $31.8B | $30.5B | $28.9B | $26.0B | $24.1B | $22.9B | $31.0B | $18.0B | $17.5B | $15.2B |
| P/E Ratio → | 10.76 | 10.56 | 11.98 | 12.10 | 8.13 | 12.07 | 8.98 | 9.61 | 6.84 | 11.85 | 9.59 |
| P/S Ratio | 1.48 | 1.46 | 1.33 | 1.48 | 1.62 | 3.00 | 1.54 | 1.35 | 1.17 | 2.02 | 1.85 |
| P/B Ratio | 1.14 | 1.12 | 1.45 | 1.48 | 0.96 | 1.11 | 0.81 | 1.13 | 0.86 | 1.19 | 0.96 |
| P/FCF | 24.38 | 24.08 | 3.56 | 5.57 | 1.52 | 3.08 | — | — | 3.25 | 4.83 | 2.95 |
| P/OCF | 24.38 | 24.08 | 3.53 | 5.57 | 1.52 | 3.08 | — | — | 3.25 | 4.83 | 2.95 |
P/E links to full P/E history page with 30-year chart
AGM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Federal Agricultural Mortgage Corporation's enterprise value stands at 124.5x EBITDA, roughly in line with its 5-year average of 122.3x. The Financial Services sector median is 11.5x, placing the stock at a 987% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 24.14 | 18.74 | 20.41 | 34.46 | 53.90 | 44.13 | 46.59 | 32.37 | 41.79 | 45.60 |
| EV / EBITDA | 124.53 | 124.43 | 117.99 | 114.17 | 115.28 | 139.81 | 166.91 | 223.80 | 132.31 | 133.69 | 126.98 |
| EV / EBIT | 124.53 | 124.43 | 117.99 | 114.17 | 115.28 | 139.92 | 166.91 | 223.80 | 132.31 | 133.69 | 126.98 |
| EV / FCF | — | 397.44 | 50.14 | 76.89 | 32.15 | 55.29 | — | — | 89.97 | 99.83 | 72.66 |
AGM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Federal Agricultural Mortgage Corporation earns an operating margin of 19.4%, roughly in line with the Financial Services sector average. Operating margins have expanded from 17.9% to 19.4% over the past 3 years, signaling improving operational efficiency. ROE of 12.9% is modest. ROIC of 0.6% represents below-average returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.5% | 29.5% | 22.4% | 24.7% | 40.8% | 54.9% | 38.2% | 28.6% | 33.4% | 41.5% | 48.1% |
| Operating Margin | 19.4% | 19.4% | 15.9% | 17.9% | 29.9% | 38.5% | 26.4% | 20.8% | 24.5% | 31.3% | 35.9% |
| Net Profit Margin | 15.7% | 15.7% | 12.8% | 14.1% | 23.6% | 30.4% | 20.9% | 16.4% | 19.4% | 20.2% | 23.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.9% | 12.9% | 14.3% | 14.9% | 14.3% | 12.3% | 12.1% | 14.1% | 14.8% | 12.5% | 12.9% |
| ROA | 0.6% | 0.6% | 0.7% | 0.7% | 0.7% | 0.6% | 0.5% | 0.5% | 0.6% | 0.5% | 0.5% |
| ROIC | 0.6% | 0.6% | 0.6% | 0.7% | 0.7% | 0.5% | 0.4% | 0.4% | 0.6% | 0.6% | 0.6% |
| ROCE | 1.1% | 1.1% | 1.2% | 1.3% | 1.2% | 0.8% | 0.8% | 1.4% | 0.7% | 0.8% | 0.8% |
AGM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Federal Agricultural Mortgage Corporation carries a Debt/EBITDA ratio of 120.5x, which is highly leveraged (2824% above the sector average of 4.1x). Net debt stands at $29.9B ($30.8B total debt minus $931M cash). Interest coverage of just 0.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 17.93 | 17.93 | 19.68 | 19.61 | 20.17 | 19.52 | 23.35 | 38.45 | 23.62 | 23.90 | 23.00 |
| Debt / EBITDA | 120.53 | 120.53 | 113.52 | 109.39 | 113.66 | 137.29 | 168.61 | 221.67 | 130.66 | 129.53 | 124.05 |
| Net Debt / Equity | — | 17.39 | 19.00 | 18.98 | 19.49 | 18.77 | 22.31 | 37.70 | 23.05 | 23.48 | 22.59 |
| Net Debt / EBITDA | 116.89 | 116.89 | 109.62 | 105.90 | 109.85 | 132.03 | 161.09 | 217.31 | 127.53 | 127.22 | 121.82 |
| Debt / FCF | — | 373.35 | 46.58 | 71.33 | 30.63 | 52.21 | — | — | 86.72 | 95.00 | 69.71 |
| Interest Coverage | 0.28 | 0.28 | 0.21 | 0.24 | 0.51 | 0.85 | 0.44 | 0.29 | 0.37 | 0.54 | 0.70 |
AGM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.12x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.40x to 0.12x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.12 | 0.12 | 1.18 | 1.40 | 1.65 | 1.59 | 99.36 | 1.08 | — | — | — |
| Quick Ratio | 0.12 | 0.12 | 1.18 | 1.40 | 1.65 | 1.59 | 99.36 | 1.08 | — | — | — |
| Cash Ratio | 0.08 | 0.08 | 0.09 | 0.11 | 0.10 | 0.13 | 8.50 | 0.06 | — | — | — |
| Asset Turnover | — | 0.04 | 0.05 | 0.05 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
AGM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Federal Agricultural Mortgage Corporation returns 4.5% to shareholders annually primarily through dividends. A payout ratio of 42.9% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 9.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.5% | 4.6% | 4.0% | 3.6% | 5.6% | 4.6% | 6.3% | 4.9% | 5.8% | 3.4% | 3.9% |
| Payout Ratio | 42.9% | 42.9% | 41.5% | 37.4% | 38.3% | 45.1% | 46.6% | 40.1% | 35.1% | 33.7% | 31.1% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.3% | 9.5% | 8.3% | 8.3% | 12.3% | 8.3% | 11.1% | 10.4% | 14.6% | 8.4% | 10.4% |
| FCF Yield | 4.1% | 4.2% | 28.1% | 18.0% | 66.0% | 32.5% | — | — | 30.8% | 20.7% | 33.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 7.5% | 0.0% | 0.0% | 0.0% | 1.5% |
| Total Shareholder Yield | 4.5% | 4.6% | 4.0% | 3.6% | 5.6% | 4.6% | 13.8% | 4.9% | 5.8% | 3.4% | 5.4% |
| Shares Outstanding | — | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M |
Peer Comparison
Compare AGM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AGMYou | $2B | 10.8 | 124.5 | 24.4 | 29.5% | 19.4% | 12.9% | 0.6% | 120.5 |
 AGNC | $10B | 11.6 | 2.4 | 112.6 | 100.0% | 79.6% | 9.6% | 34.0% | 0.0 |
 NLY | $16B | 7.7 | 18.3 | — | 99.9% | 102.6% | 14.1% | 6.4% | 16.3 |
 RITM | $5B | 9.5 | 16.4 | — | 90.5% | 44.6% | 8.0% | 4.4% | 15.0 |
 PMT | $960M | 11.1 | 20.5 | 6.7 | 91.6% | 79.0% | 6.7% | 6.0% | 19.8 |
 RC | $330M | -0.8 | — | — | 100.0% | — | -19.0% | — | — |
 HASI | $6B | 30.7 | 39.3 | 24.4 | 99.6% | 66.2% | 7.3% | 2.7% | 19.1 |
 LADR | $1B | 20.2 | 17.3 | 15.0 | 71.8% | 62.0% | 4.3% | 4.4% | 12.7 |
 DE | $160B | 32.0 | 20.3 | 49.6 | 36.5% | 18.8% | 19.3% | 7.7% | 6.0 |
 AGCO | $9B | 12.3 | 10.3 | 11.8 | 24.8% | 6.9% | 16.9% | 8.3% | 2.6 |
 CNH | $13B | 26.4 | 10.9 | 6.7 | 31.4% | 15.4% | 6.5% | 6.6% | 7.9 |
| Financial Services Median | — | 13.4 | 11.5 | 10.7 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonAGM — Frequently Asked Questions
Quick answers to the most common questions about buying AGM stock.
What is Federal Agricultural Mortgage Corporation's P/E ratio?
Federal Agricultural Mortgage Corporation's current P/E ratio is 10.8x. The historical average is 17.4x. This places it at the 54th percentile of its historical range.
What is Federal Agricultural Mortgage Corporation's EV/EBITDA?
Federal Agricultural Mortgage Corporation's current EV/EBITDA is 124.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 35.3x.
What is Federal Agricultural Mortgage Corporation's ROE?
Federal Agricultural Mortgage Corporation's return on equity (ROE) is 12.9%. The historical average is 9.5%.
Is AGM stock overvalued?
Based on historical data, Federal Agricultural Mortgage Corporation is trading at a P/E of 10.8x. This is at the 54th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Federal Agricultural Mortgage Corporation's dividend yield?
Federal Agricultural Mortgage Corporation's current dividend yield is 4.53% with a payout ratio of 42.9%.
What are Federal Agricultural Mortgage Corporation's profit margins?
Federal Agricultural Mortgage Corporation has 29.5% gross margin and 19.4% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Federal Agricultural Mortgage Corporation have?
Federal Agricultural Mortgage Corporation's Debt/EBITDA ratio is 120.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.