FRME
First Merchants
PEG ratio, current and historical analysis
- Stocks
- Financial Services
- NASDAQ: FRME
- PEG Ratio
FRME's PEG ratio is unavailable because the earnings growth data is negative or zero. First Merchants last had a PEG ratio of 0.69 in December 2025.
FRME PEG ratio history
A ten years lookback shows an average PEG ratio of 4.41 for First Merchants. FRME reached its maximum PEG ratio of 50.83 during the Mar 2021 quarter over the past ten years. The Dec 2018 quarter had the bottom reading at 0.21, indicating the most optimal growth-adjusted valuation.
First Merchants PEG ratio by year
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 0.69 | 9.61 | 14% |
| 2024 | N/A | 11.66 | -8.6% |
| 2023 | N/A | 9.91 | -2.3% |
| 2022 | 35.77 | 10.73 | 0.3% |
| 2021 | 0.28 | 10.97 | 38.9% |
| 2020 | N/A | 13.6 | -14.1% |
| 2019 | N/A | 13 | -0.9% |
| 2018 | 0.21 | 10.61 | 51.6% |
| 2017 | 2.82 | 19.75 | 7% |
| 2016 | 1.26 | 18.92 | 15% |
| 2015 | 3.5 | 14.69 | 4.2% |
| 2014 | 0.81 | 13.7 | 16.9% |
| 2013 | N/A | 16 | 0% |
| 2012 | 0.03 | 10.45 | 317.6% |
| 2011 | N/A | 24.91 | -29.2% |
First Merchants PEG ratio by quarter (TTM)
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Mar 2026 | N/A | 11.36 | -4.5% |
| Dec 2025 | 0.69 | 9.61 | 14% |
| Sep 2025 | 0.29 | 9.4 | 32.8% |
| Jun 2025 | 0.42 | 9.9 | 23.6% |
| Mar 2025 | 3.91 | 11.33 | 2.9% |
| Dec 2024 | N/A | 11.66 | -8.6% |
| Sep 2024 | N/A | 12.32 | -28.8% |
| Jun 2024 | N/A | 10.64 | -28.4% |
| Mar 2024 | N/A | 10.06 | -13% |
| Dec 2023 | N/A | 9.91 | -2.3% |
| Sep 2023 | 0.32 | 6.56 | 20.5% |
| Jun 2023 | 0.23 | 6.46 | 27.8% |
| Mar 2023 | 1.76 | 8.26 | 4.7% |
| Dec 2022 | 35.77 | 10.73 | 0.3% |
| Sep 2022 | N/A | 10.99 | -6.6% |
FRME average PEG ratio chart
PEG comparison
FRME EPS growth
FRME Price vs fair value
FRME PEG vs peers
| Stock name | PEG ratio | Market cap |
|---|---|---|
| THFF First Financial Corp | 0.23 | $893.32M |
| GABC German American Bancorp Inc | 0.27 | $1.72B |
| LKFN Lakeland Financial Corp | 0.65 | $1.53B |
| SRCE 1St Source Corp | 0.83 | $1.9B |
| ONB Old National Bancorp | 1.03 | $9.78B |
| HBNC Horizon Bancorp Inc | N/A | $1.01B |
| FRME First Merchants Corp | N/A | $2.64B |
Frequently asked questions
What is First Merchants's PEG ratio?
FRME's PEG ratio is unavailable because EPS growth data is negative or not present.
What is the 3-year average PEG ratio for First Merchants (FRME)?
FRME's 3-year PEG ratio average stands at 0.98.
What is the 5-year average PEG ratio for First Merchants (FRME)?
FRME's 5-year PEG ratio average stands at 3.75.
What is the highest PEG ratio for FRME?
The Mar 2021 quarter marked the ten years high at 50.83 for FRME's PEG ratio.
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.