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FRME First Merchants PE ratio, current and historical analysis

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.

FRME PE ratio history

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

First Merchants PE ratio by year

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%

FRME average PE ratio chart

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

FRME PE vs peers

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

Frequently asked questions

What is First Merchants's PE ratio?

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

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

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

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

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

What is the highest PE ratio for FRME?

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

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

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

Why is First Merchants's PE ratio so low?

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

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

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.