As of May 1, 2024, the Merchants Bancorp stock's PE ratio is 7.35. This takes into account the latest EPS of $5.66 and stock price of $41.6. The PE ratio marks an increase of 22% from its last 4 quarters average of 6.0.
The PE ratio of Merchants Bancorp has averaged 7.04 over the last seven years. The current P/E ratio of 7.35 is 4.4% higher than the historical average. Looking back at the last seven years, MBIN's PE ratio peaked in the Jun 2018 quarter at 12.68, when the price was $19.02 and the EPS was $1.5. The lowest point was in the Sep 2020 quarter, when it reached 4.15 with a price of $13.14 and an EPS of $3.17.
Maximum annual increase: 38.75% in 2023
Maximum annual decrease: -42.55% in 2020
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 7.52 | 38.75% |
| 2022 | 5.42 | -17.88% |
| 2021 | 6.6 | 38.08% |
| 2020 | 4.78 | -42.55% |
| 2019 | 8.32 | -13.06% |
| 2018 | 9.57 | 10.89% |
| 2017 | 8.63 | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
The current PE ratio of MBIN is higher than its 3 and 5-year averages.
In comparison to its peer stocks NRIM and NKSH, MBIN's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MBIN Merchants Bancorp | 7.57 | $1.86B |
| NKSH National Bankshares Inc | 10.3 | $161.43M |
| NRIM Northrim Bancorp Inc | 11 | $274.02M |
MBIN's price to earnings ratio is 7.35 as of May 1, 2024.
As an average over the last 3 years, MBIN stock has a PE ratio of 5.73.
As an average over the last 5 years, MBIN stock has a PE ratio of 6.01.
Over the last seven years, the Jun 2018 quarter recorded the highest quarterly PE ratio at 12.68.
MBIN's price to earnings ratio is currently 4.4% above its 7-year historical average.
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (May 1, 2024), Merchants Bancorp's share price is $41.6. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $5.66. Therefore, Merchants Bancorp's PE ratio for today is 7.35. PE RATIO(7.35) = STOCK PRICE($41.6) / TTM EPS($5.66)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.