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FMBH First Mid Bancshares PE ratio, current and historical analysis

As of Jun 14, 2024, the First Mid Bancshares stock's P/E ratio is 9.75. This takes into account the latest EPS of $3.11 and stock price of $30.32. The PE ratio has increased by 9% from its last 4 quarters average of 8.9.

FMBH PE ratio history

How has FMBH's PE ratio performed in the past

The PE ratio of First Mid Bancshares has averaged 12.61 over the last ten years. The current price-to-earnings ratio of 9.75 is 23% less than the historical average. Analyzing the last ten years, FMBH's PE ratio reached its highest point in the Mar 2021 quarter at 18.69, when the price was $43.93 and the EPS was $2.35. The lowest point was recorded in the Jun 2023 quarter, when it reached 6.63 with a price of $24.14 and an EPS of $3.64.

Average
12.61
Median
12.43
Minimum
6.63
Maximum
18.69

First Mid Bancshares PE ratio by year

Maximum annual increase: 43.16% in 2015

Maximum annual decrease: -40.38% in 2022

Year PE ratio Change
2023 10.93 23.36%
2022 8.86 -40.38%
2021 14.86 19.65%
2020 12.42 1.47%
2019 12.24 -3.01%
2018 12.62 -30.24%
2017 18.09 10.1%
2016 16.43 16.28%
2015 14.13 43.16%
2014 9.87 -21.91%

FMBH average PE ratio chart

What is the average PE ratio of FMBH for the past years

Currently, FMBH's PE ratio is under its 3, 5 and 10-year averages.

3-year avg
10.69
5-year avg
11.29
10-year avg
12.61
15-year avg
13.54

FMBH PE vs peers

What is FMBH's PE ratio compared to its peers

FMBH's PE ratio is less than its peer stocks HOMB and RNST, but it is above FCNCA's and STBA's. First Mid Bancshares's current PE ratio of 9.75 is less than the average of its peers, which is 11.0.

Stock name PE ratio Market cap
STBA S&T Bancorp Inc 8.44 $1.15B
OVBC Ohio Valley Banc Corp 9 $103.97M
FCNCA First Citizens Bancshares Inc 9.05 $23.71B
FMBH First Mid Bancshares Inc 9.75 $724.53M
MCBC Macatawa Bank Corp 11.23 $462.85M
GABC German American Bancorp Inc 11.31 $953.16M
RNST Renasant Corp 11.5 $1.59B
HOMB Home Bancshares Inc 11.76 $4.57B
FCBC First Community Bankshares Inc 12.63 $614.29M
MOFG MidWestOne Financial Group Inc 14.1 $319.99M
TMP Tompkins Financial Corp 91.73 $634.23M

Frequently asked questions

What is First Mid Bancshares's PE ratio?

FMBH stock has a price to earnings ratio of 9.75 as of Jun 14, 2024.

What is the 3-year average PE ratio for First Mid Bancshares (FMBH)?

The average PE ratio for FMBH stock over the past 3 years is 10.69.

What is the 5-year average PE ratio for First Mid Bancshares (FMBH)?

The average PE ratio for FMBH stock over the past 5 years is 11.29.

What is the highest PE ratio for FMBH?

The highest quarterly PE ratio in the last ten years has been 18.69 and it was in the Mar 2021 quarter.

How does the current PE ratio for FMBH compare to its historical average?

FMBH's price to earnings ratio is currently 23% below its 10-year historical average.

Why is First Mid Bancshares's PE ratio so low?

FMBH's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.

How is FMBH's PE ratio calculated (First Mid Bancshares PE ratio formula)?

The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jun 14, 2024), First Mid Bancshares's share price is $30.32. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $3.11. Therefore, First Mid Bancshares's price to earnings ratio for today is 9.75. PE RATIO(9.75) = STOCK PRICE($30.32) / TTM EPS($3.11)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.