Federal Agricultural Mortgage Corporation (AGM) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Federal Agricultural Mortgage Corporation $245, price $217, upside +13.0%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? No
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Federal Agricultural Mortgage Corporation
AGM · USSpeculativeUpside exists, but weak quality makes the signal speculative.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $79.92 – $241.74 · fair‑value band $135.60 – $306.85 · the $217.17 price screens below the $245.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Company profile
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through seven segments: Farm & Ranch, Corporate AgFinance, Power & Utilities, Broadband Infrastructure, Renewable Energy, Funding, and Investments.
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Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through seven segments: Farm & Ranch, Corporate AgFinance, Power & Utilities, Broadband Infrastructure, Renewable Energy, Funding, and Investments. The Farm & Ranch segment includes the USDA Securities portfolio, Farm & Ranch loans, and AgVantage securities secured by Farm & Ranch loans. The Corporate AgFinance segment includes loans and AgVantage securities to larger and more complex farming operations, agribusinesses focused on food and fiber processing, and other supply chain production. The Power & Utilities segment includes loans to rural electric generation and transmission cooperatives and distribution cooperatives, as well as AgVantage securities secured by those types of loans. The Broadband Infrastructure segment includes loans to rural fiber, cable/broadband, tower, wireless, local exchange carrier, and data center projects. The Renewable Energy segment includes rural electric, solar, wind, and gas projects. The Funding segment includes debt issuance, hedging, asset/liability management, and capital allocation. The Investments segment includes an investment portfolio, which is held for liquidity purposes. The company is involved in a line of agricultural finance business, including purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in, or obligations secured by pools of eligible loans; servicing eligible loans; and issuing long-term standby purchase commitments for designated eligible loans. Federal Agricultural Mortgage Corporation was incorporated in 1987 and is headquartered in Washington, District Of Columbia.
Stock analysis
Federal Agricultural Mortgage Corporation (AGM) currently trades at $217.17, while our model-based Fair Value estimate is $245.48, implying the stock looks roughly 11.5% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of $264.55 per share, and 4 of the 8 models we run sit above the $217.17 price.
Bear case: the Dividend Discount group reads lowest at $103.68, and 4 of the 8 models stay below the price. Evidence for this calculation is high.
Scenario range: $135.60 (bear) to $306.85 (bull), the price of $217.17 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Federal Agricultural Mortgage Corporation reported revenue of $1.3B in FY2025 versus $448M in FY2021, a compound +31.0%/yr. Reported net income was $207M in FY2025, compounding +11.1%/yr from FY2021.
Key figures
Market cap $2.4B · P/E ratio 10.6 · P/S ratio 1.66 · EPS (TTM) $17.35 · Dividend yield 2.8% · Net margin 15.7% · Return on equity 13.4% · Return on assets (EBIT) 0.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 58% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −32% fair-value upside, at 13%, AGM screens cheaper than that median.
Fair Value models
All 8 models by family
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Set up alert →Quality Score breakdown
Of which business quality 42 · Market factors (momentum, volatility) 69
Revenue & earnings trend
Growth Forecast
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Compare Federal Agricultural Mortgage Corporation with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Credit Services · 330 stocks
Valuation Multiplesvs Credit Services median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Credit Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Visa Inc V | $362.04 | $227.35 | −37% |
| Mastercard Incorporated MA | $555.89 | $356.78 | −36% |
| American Express Company AXP | $305.07 | $206.40 | −32% |
| Capital One Financial Corporation COF | $200.55 | $125.36 | −37% |
| Bajaj Finance Limited BAJFINANCE | ₹1,043 | ₹1,101 | +6% |
| PayPal Holdings PYPL | $52.89 | $99.46 | +88% |
| Affirm Holdings AFRM | $71.77 | $16.24 | −77% |
| Shriram Finance Limited SHRIRAMFIN | ₹1,011 | ₹1,374 | +36% |
| Synchrony Financial, SYF | $72.67 | $137.28 | +89% |
| SoFi Technologies, Inc SOFI | $17.16 | $5.57 | −68% |
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Key figures of Federal Agricultural Mortgage Corporation
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