Question 1

What is Federal Agricultural Mortgage's EV/EBITDA ratio?

Accepted Answer

Federal Agricultural Mortgage (AGM) EV/EBITDA ratio is 132.5× as of July 22, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Federal Agricultural Mortgage?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Federal Agricultural Mortgage specifically, the relevant sector benchmark is the current sector median of 10.2×.

Question 5

Is Federal Agricultural Mortgage's EV/EBITDA ratio high or low?

Accepted Answer

Federal Agricultural Mortgage's EV/EBITDA ratio of 132.5× is above its own 5-year average of 64.3× and above the sector median of 10.2×. That places the current reading at the 100th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Federal Agricultural Mortgage's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Federal Agricultural Mortgage (AGM) EV/EBITDA ratio has ranged from a low of 14.2× in 2013 to a high of 150.9× in 2019. The 5-year average is 64.3× and the 5-year median is 57.2×.

Question 7

What was Federal Agricultural Mortgage's EV/EBITDA ratio in 2025?

Accepted Answer

Federal Agricultural Mortgage (AGM) EV/EBITDA ratio at the end of 2025 was 57.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Federal Agricultural Mortgage's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$2.27B	$256M	57.1×	-16.4×	Dec 31, 2025
2024	$2.14B	$258M	73.5×	+45.6×	Dec 31, 2024
2023	$2.07B	$661M	27.9×	-33.3×	Dec 31, 2023
2022	$1.22B	$226M	61.1×	+5.2×	Dec 31, 2022
2021	$1.33B	$249M	56.0×	-1.2×	Dec 31, 2021
2020	$797M	$212M	57.2×	-93.7×	Dec 31, 2020
2019	$894M	$139M	150.9×	+49.0×	Dec 31, 2019
2018	$642M	$177M	101.9×	-22.8×	Dec 31, 2018
2017	$833M	$140M	124.7×	+17.4×	Dec 31, 2017
2016	$603M	$141M	107.3×	+65.8×	Dec 31, 2016
2015	$341M	$123M	41.5×	-2.5×	Dec 31, 2015
2014	$329M	$111M	44.0×	-32.4×	Dec 31, 2014
2013	$375M	$160M	76.3×	+5.0×	Dec 31, 2013
2012	$349M	$159M	71.4×	+51.0×	Dec 31, 2012
2011	$187M	$125M	20.3×	-82.5×	Dec 31, 2011
2010	$168M	$80.1M	102.8×	+70.9×	Dec 31, 2010
2009	$71.2M	$157M	32.0×	—	Dec 31, 2009
2008	$35.5M	-$123M	—	—	Dec 31, 2008
2007	$260M	$135M	63.7×	+40.4×	Dec 31, 2007
2006	$288M	$172M	23.3×	-6.8×	Dec 31, 2006
2005	$335M	$129M	30.0×	-12.1×	Dec 31, 2005
2004	$272M	$78.9M	42.1×	-7.0×	Dec 31, 2004
2003	$385M	$75.2M	49.2×	+5.1×	Dec 31, 2003
2002	$406M	$80.8M	44.1×	—	Dec 31, 2002


Arch Capital Group (ACGL)	4.3×
M&T Bank (MTB)	3.8×
1st Source (SRCE)	3.5×
Allstate (ALL)	3.4×
Mercury General (MCY)	3.2×
AXIS Capital Holdings (AXS)	2.2×
Commerce Bancshares (CBSH)	2.2×
American International Group (AIG)	1.9×
United Bankshares (UBSI)	1.7×
Atlantic Union Bankshares (AUB)	1.1×
W. R. Berkley (WRB)	0.2×
KeyCorp (KEY)	-0.4×
Capital One Financial (COF)	-0.5×
Everest Group (EG)	-0.7×
Aflac (AFL)	-1.1×
Northern Trust (NTRS)	-2.6×
Regions Financial (RF)	-3.1×
Principal Financial Group (PFG)	-4.1×
Fifth Third Bank (FITB)	-4.4×
JPMorgan Chase (JPM)	-5.2×
BancFirst (BANF)	-5.5×
Wells Fargo (WFC)	-6.9×
Ames National (ATLO)	-16.7×
Apollo Global Management (APO)	-17.2×
MetLife (MET)	-46.3×

EV/EBITDA for Federal Agricultural Mortgage (AGM) 2002-2026

EV/EBITDA daily chart for Federal Agricultural Mortgage (AGM)

Historical EV/EBITDA for Federal Agricultural Mortgage (AGM) from 2002 to 2025

About EV/EBITDA at Federal Agricultural Mortgage (AGM)

Federal Agricultural Mortgage EV/EBITDA by Year

Federal Agricultural Mortgage EV/EBITDA 2025: 57.1×

Federal Agricultural Mortgage EV/EBITDA 2024: 73.5×

Federal Agricultural Mortgage EV/EBITDA 2023: 27.9×

Federal Agricultural Mortgage EV/EBITDA 2022: 61.1×

Federal Agricultural Mortgage EV/EBITDA 2021: 56.0×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Federal Agricultural Mortgage (AGM) Key Financials