MBIN currently has a PEG ratio reading of 1.2 as of Aug 14, 2026. Dividing the 11.02 PE ratio by the 9.2% earnings growth rate yields this valuation metric.
A nine years lookback shows an average PEG ratio of 0.5 for Merchants Bancorp. Compared to historical data, MBIN's 1.2 PE to growth ratio represents a rise of 140%. The nine years high occurred in the Mar 2023 quarter at 3.59, reflecting maximum valuation relative to growth. The minimum was hit in the Sep 2020 quarter at 0.03, indicating optimal value relative to growth during that period.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | N/A | 9.01 | -40.2% |
| 2024 | 0.49 | 5.77 | 11.7% |
| 2023 | 0.29 | 7.52 | 26.1% |
| 2022 | N/A | 5.42 | -6.1% |
| 2021 | 0.27 | 6.6 | 24.2% |
| 2020 | 0.03 | 4.78 | 143.7% |
| 2019 | 0.61 | 8.32 | 13.7% |
| 2018 | N/A | 9.57 | -8.6% |
| 2017 | 0.16 | 8.63 | 55.1% |
| 2016 | N/A | N/A | 8.9% |
| 2015 | N/A | N/A | N/A |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Jun 2026 | 1.09 | 10.04 | 9.2% |
| Mar 2026 | N/A | 10.47 | -24.9% |
| Dec 2025 | N/A | 9.01 | -40.2% |
| Sep 2025 | N/A | 7.29 | -28.2% |
| Jun 2025 | N/A | 7.25 | -30.7% |
| Mar 2025 | N/A | 6.78 | -14.6% |
| Dec 2024 | 0.49 | 5.77 | 11.7% |
| Sep 2024 | 0.43 | 7.41 | 17.2% |
| Jun 2024 | 0.16 | 6.16 | 39.4% |
| Mar 2024 | 0.16 | 6.76 | 41.1% |
| Dec 2023 | 0.29 | 7.52 | 26.1% |
| Sep 2023 | 0.37 | 5.35 | 14.6% |
| Jun 2023 | 1.23 | 5.42 | 4.4% |
| Mar 2023 | 3.59 | 5.75 | 1.6% |
| Dec 2022 | N/A | 5.42 | -6.1% |
MBIN's PEG ratio today is higher than its 3 and 5-year averages.
Merchants Bancorp's PEG of 1.2 is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 0.46, Merchants Bancorp's PEG is 161% higher.
Compared to its peer stocks NRIM and NKSH, MBIN's PEG ratio comes in higher.
MBIN's Aug 14, 2026 PEG ratio comes in at 1.2.
Over the last 3 years, MBIN's PEG ratio has settled near 0.43.
Over the last 5 years, MBIN's PEG ratio has settled near 0.74.
In the last nine years, MBIN's peak PEG ratio of 3.59 was recorded in the Mar 2023 quarter.
Compared to the 9-year average, MBIN's PEG ratio is 140% higher.
To calculate the PEG ratio, take the company's PE ratio and divide by its EPS growth (YoY TTM). As of Aug 14, 2026, Merchants Bancorp has a P/E ratio of 11.02. Earnings grew at 9.2% over the TTM period ending Jun 2026. Applying the formula, this produces a price to earnings growth ratio of 1.2. PEG RATIO(1.2) = PE RATIO(11.02) / EPS GROWTH(9.2%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.