FMAO
Farmers & Merchants Bancorp
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NASDAQ: FMAO
- PE Ratio
The PE ratio for Farmers & Merchants Bancorp stock stands at 10.36 as of Jun 3, 2026. This results from the current EPS of $2.62 and stock price of $27.14. A decrease of 2.1% has been seen in the P/E ratio compared to the average of 10.6 of the last 4 quarters.
FMAO PE ratio history
Over the last ten years, the average PE ratio of Farmers & Merchants Bancorp has been 15.7. The current 10.36 PE ratio is 34% below the historical average. Over the past ten years, FMAO's PE ratio was at its highest in the Dec 2017 quarter at 29.57, with a price of $40.8 and an EPS of $1.38. The Mar 2026 quarter recorded the bottom point at 9.8, with a price of $25.67 and an EPS of $2.62.
Farmers & Merchants Bancorp PE ratio by year
Maximum annual increase: 114.59% in 2017
Maximum annual decrease: -34.39% in 2025
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 10.17 | -34.39% | $24.72 | $2.43 |
| 2024 | 15.5 | 4.38% | $29.45 | $1.9 |
| 2023 | 14.85 | 34.39% | $24.8 | $1.67 |
| 2022 | 11.05 | -32.33% | $27.18 | $2.46 |
| 2021 | 16.33 | 27.78% | $32.83 | $2.01 |
| 2020 | 12.78 | -29.63% | $23 | $1.8 |
| 2019 | 18.16 | -24.05% | $30.15 | $1.66 |
| 2018 | 23.91 | -19.14% | $38.49 | $1.61 |
| 2017 | 29.57 | 114.59% | $40.8 | $1.38 |
| 2016 | 13.78 | 14.74% | $17.5 | $1.27 |
| 2015 | 12.01 | -6.61% | $13.45 | $1.12 |
| 2014 | 12.86 | 11.92% | $13.37 | $1.04 |
| 2013 | 11.49 | 19.44% | $11.03 | $0.96 |
| 2012 | 9.62 | -0.31% | $10 | $1.04 |
| 2011 | 9.65 | -20.64% | $8.78 | $0.91 |
Farmers & Merchants Bancorp PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 9.8 | -3.64% | $25.67 | $2.62 |
| Dec 2025 | 10.17 | -5.22% | $24.72 | $2.43 |
| Sep 2025 | 10.73 | -7.9% | $25.01 | $2.33 |
| Jun 2025 | 11.65 | -1.1% | $25.28 | $2.17 |
| Mar 2025 | 11.78 | -24% | $23.91 | $2.03 |
| Dec 2024 | 15.5 | -4.67% | $29.45 | $1.9 |
| Sep 2024 | 16.26 | 9.94% | $27.65 | $1.7 |
| Jun 2024 | 14.79 | 5.49% | $23.22 | $1.57 |
| Mar 2024 | 14.02 | -5.59% | $22.29 | $1.59 |
| Dec 2023 | 14.85 | 50.76% | $24.8 | $1.67 |
| Sep 2023 | 9.85 | -7.69% | $17.53 | $1.78 |
| Jun 2023 | 10.67 | 0.95% | $22.51 | $2.11 |
| Mar 2023 | 10.57 | -4.34% | $24.32 | $2.3 |
| Dec 2022 | 11.05 | 4.05% | $27.18 | $2.46 |
| Sep 2022 | 10.62 | -23.87% | $26.87 | $2.53 |
FMAO Price vs fair value
FMAO average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
FMAO's current P/E ratio is below the 3, 5 and 10-year averages.
PE comparison
Farmers & Merchants Bancorp's P/E of 10.36 is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 12.1, Farmers & Merchants Bancorp's P/E is 14% lower.
FMAO PE vs peers
Compared to its peer stocks FITB and NWBI, FMAO's PE ratio stands lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FMAO Farmers & Merchants Bancorp Inc | 10.63 | $383.58M |
| NWBI Northwest Bancshares Inc | 14.92 | $2.07B |
| FITB Fifth Third Bancorp | 17.27 | $46.95B |
Frequently asked questions
What is Farmers & Merchants Bancorp's PE ratio?
As of Jun 3, 2026, FMAO stock has a price to earnings ratio of 10.36.
What is the 3-year average PE ratio for Farmers & Merchants Bancorp (FMAO)?
The average PE ratio for FMAO stock over the past 3 years is 12.51.
What is the 5-year average PE ratio for Farmers & Merchants Bancorp (FMAO)?
The average PE ratio for FMAO stock over the past 5 years is 12.59.
What is the highest PE ratio for FMAO?
In the last ten years, the Dec 2017 quarter recorded the highest quarterly PE ratio at 29.57.
How does the current PE ratio for FMAO compare to its historical average?
FMAO's price to earnings ratio is currently 34% below its 10-year historical average.
How is FMAO's PE ratio calculated (Farmers & Merchants Bancorp PE ratio formula)?
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (Jun 3, 2026), Farmers & Merchants Bancorp's stock price is $27.14. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $2.62. Therefore, Farmers & Merchants Bancorp's P/E ratio for today is 10.36. PE RATIO(10.36) = STOCK PRICE($27.14) / TTM EPS($2.62)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.