Back to FRME overview
#
FRME First Merchants
PE ratio, current and historical analysis

## FRME PE ratio history

### First Merchants PE ratio by year

## FRME average PE ratio chart

## FRME PE vs peers

## Frequently asked questions

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What is First Merchants's PE ratio?

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What is the 3-year average PE ratio for First Merchants (FRME)?

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What is the 5-year average PE ratio for First Merchants (FRME)?

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What is the highest PE ratio for FRME?

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

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Why is First Merchants's PE ratio so low?

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How is FRME's PE ratio calculated (First Merchants PE ratio formula)?

The current P/E ratio for First Merchants stock as of Jun 18, 2024 is 9.15. This is calculated based on the TTM EPS of $3.47 and the stock price of $31.74 per share. The PE ratio has increased by 11% from its last 4 quarters average of 8.2.

How has FRME's PE ratio performed in the past

The average historical PE ratio of First Merchants for the last ten years is 12.99. The current price-to-earnings ratio of 9.15 is 30% less than the historical average. Analyzing the last ten years, FRME's PE ratio reached its highest point in the Dec 2017 quarter at 19.75, when the price was $42.06 and the EPS was $2.13. The lowest point was recorded in the Jun 2023 quarter, when it reached 6.46 with a price of $28.23 and an EPS of $4.37.

Average

12.99

Median

12.86

Minimum

6.46

Maximum

19.75

Maximum annual increase: 28.8% in 2016

Maximum annual decrease: -46.28% in 2018

Year | PE ratio | Change |
---|---|---|

2023 | 9.91 | -7.64% |

2022 | 10.73 | -2.19% |

2021 | 10.97 | -19.34% |

2020 | 13.6 | 4.62% |

2019 | 13 | 22.53% |

2018 | 10.61 | -46.28% |

2017 | 19.75 | 4.39% |

2016 | 18.92 | 28.8% |

2015 | 14.69 | 7.23% |

2014 | 13.7 | -14.38% |

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

The current PE ratio of FRME is under its 3, 5 and 10-year averages.

3-year avg

9.87

5-year avg

10.52

10-year avg

12.99

15-year avg

14

What is FRME's PE ratio compared to its peers

When compared to its peers LKFN and SRCE, FRME's PE ratio is lower, but it is higher than ONB's and THFF's. First Merchants's PE ratio is trading below the peer average of 12.75.

Stock name | PE ratio | Market cap |
---|---|---|

THFF First Financial Corp | 7.59 | $420.82M |

ONB Old National Bancorp | 8.68 | $5.15B |

FRME First Merchants Corp | 9.15 | $1.86B |

SRCE 1St Source Corp | 10.15 | $1.24B |

GABC German American Bancorp Inc | 11.6 | $977.19M |

LKFN Lakeland Financial Corp | 16.72 | $1.55B |

HBNC Horizon Bancorp Inc | 21.76 | $518.36M |

The price to earnings ratio for FRME stock as of Jun 18, 2024, stands at 9.15.

As an average over the last 3 years, FRME stock has a PE ratio of 9.87.

As an average over the last 5 years, FRME stock has a PE ratio of 10.52.

The highest quarterly PE ratio in the last ten years has been 19.75 and it was in the Dec 2017 quarter.

The current PE ratio of FRME is 30% lower than the 10-year historical average.

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

The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Jun 18, 2024), First Merchants's share price is $31.74. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $3.47. Therefore, First Merchants's price to earnings ratio for today is 9.15. `PE RATIO(9.15) = STOCK PRICE($31.74) / TTM EPS($3.47)`

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