FMBH
First Mid Bancshares
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NASDAQ: FMBH
- PE Ratio
As of Jun 3, 2026, the First Mid Bancshares stock's P/E ratio is 10.86. This takes into account the latest EPS of $3.97 and stock price of $43.13. The PE ratio has increased by 4.6% from its last 4 quarters average of 10.4.
FMBH PE ratio history
The PE ratio of First Mid Bancshares has averaged 12.4 over the last ten years. The current price-to-earnings ratio of 10.86 is 12% 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.
First Mid Bancshares PE ratio by year
Maximum annual increase: 43.16% in 2015
Maximum annual decrease: -40.38% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 10.16 | -8.63% | $39 | $3.84 |
| 2024 | 11.12 | 1.74% | $36.82 | $3.31 |
| 2023 | 10.93 | 23.36% | $34.66 | $3.17 |
| 2022 | 8.86 | -40.38% | $32.08 | $3.62 |
| 2021 | 14.86 | 19.65% | $42.79 | $2.88 |
| 2020 | 12.42 | 1.47% | $33.66 | $2.71 |
| 2019 | 12.24 | -3.01% | $35.25 | $2.88 |
| 2018 | 12.62 | -30.24% | $31.92 | $2.53 |
| 2017 | 18.09 | 10.1% | $38.54 | $2.13 |
| 2016 | 16.43 | 16.28% | $34 | $2.07 |
| 2015 | 14.13 | 43.16% | $26 | $1.84 |
| 2014 | 9.87 | N/A | $18.55 | $1.88 |
| 2013 | N/A | N/A | N/A | $1.74 |
| 2012 | N/A | N/A | N/A | $1.62 |
| 2011 | N/A | N/A | N/A | $1.29 |
First Mid Bancshares PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 10.38 | 2.17% | $41.19 | $3.97 |
| Dec 2025 | 10.16 | -1.84% | $39 | $3.84 |
| Sep 2025 | 10.35 | -2.54% | $37.88 | $3.66 |
| Jun 2025 | 10.62 | 2.81% | $37.49 | $3.53 |
| Mar 2025 | 10.33 | -7.1% | $34.9 | $3.38 |
| Dec 2024 | 11.12 | -6.87% | $36.82 | $3.31 |
| Sep 2024 | 11.94 | 13.71% | $38.91 | $3.26 |
| Jun 2024 | 10.5 | -0.1% | $32.88 | $3.13 |
| Mar 2024 | 10.51 | -3.84% | $32.68 | $3.11 |
| Dec 2023 | 10.93 | 41.58% | $34.66 | $3.17 |
| Sep 2023 | 7.72 | 16.44% | $26.56 | $3.44 |
| Jun 2023 | 6.63 | -9.92% | $24.14 | $3.64 |
| Mar 2023 | 7.36 | -16.93% | $27.22 | $3.7 |
| Dec 2022 | 8.86 | -1.66% | $32.08 | $3.62 |
| Sep 2022 | 9.01 | -7.02% | $31.97 | $3.55 |
FMBH Price vs fair value
FMBH 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.
Currently, FMBH's PE ratio is higher than the 3 and 5-year averages, but it is under its 10-year average.
PE comparison
With a price to earnings (P/E) of 10.86, FMBH stands lower than the Financial Services sector, the industry and its peers average. Looking at the Financial Services sector average of 12.1, First Mid Bancshares's price to earnings (P/E) is 10% lower.
FMBH PE vs peers
FMBH's PE ratio is less than its peer stocks FCNCA and RNST, but it is above HOMB's and TMP's. First Mid Bancshares's current PE ratio of 10.86 is less than the average of its peers, which is 12.65.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TMP Tompkins Financial Corp | 7.38 | $1.25B |
| HOMB Home Bancshares Inc | 11.05 | $5.41B |
| FMBH First Mid Bancshares Inc | 11.24 | $1.19B |
| FCNCA First Citizens Bancshares Inc | 11.79 | $23.72B |
| GABC German American Bancorp Inc | 12.01 | $1.64B |
| STBA S&T Bancorp Inc | 12.66 | $1.63B |
| OVBC Ohio Valley Banc Corp | 14.7 | $227.12M |
| BOH Bank Of Hawaii Corp | 15.24 | $3.03B |
| FCBC First Community Bankshares Inc | 16.15 | $810.51M |
| RNST Renasant Corp | 16.48 | $3.74B |
Frequently asked questions
What is First Mid Bancshares's PE ratio?
FMBH stock has a price to earnings ratio of 10.86 as of Jun 3, 2026.
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 10.1.
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 10.69.
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 12% below its 10-year historical average.
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 3, 2026), First Mid Bancshares's share price is $43.13. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $3.97. Therefore, First Mid Bancshares's price to earnings ratio for today is 10.86. PE RATIO(10.86) = STOCK PRICE($43.13) / TTM EPS($3.97)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.