FRMEFirst Merchants Corporation
Is the price fair?
At the top of its own P/E range. That is the only one of 3 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Expensive vs its own history: P/E 11.5 vs a 9.6 median over 40 quarters (+20% vs median).
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.
What FRME's price assumes
First Merchants Corporation trades at 11.5× earnings against 11.8× for the median Banks - Regional name, cheaper than its own group.
Trailing P/E · Banks - Regional median 11.8 · cheaper than the typical name in its group
- Price / sales
- 2.46
Price / sales · as of 2026-Q1
- Price / book
- 0.88
Price / book · as of 2026-Q1
Details›
- Price / bookas of 2026-Q1
- 0.88
- Financial Services median P/E625 names
- 12.1
- Banks - Regional median P/E234 names
- 11.8
- Market capitalisation
- $2.73B
| Method | Per share |
|---|---|
| Its own P/E history, lower quartile | $30.68 |
| Its own P/E history, median | $32.38 |
| Its own P/E history, upper quartile | $38.58 |
| 52-week range | $34.01 – $45.25 |
| Today | $38.98 |
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.
Banks, Regional
The closest names by size in the same industry