First Merchants Corp (FRME) valuation
First Merchants P/E ratio history
First Merchants trades at 12.6 times its earnings over the last twelve months and 9.6 times the earnings analysts expect over the next twelve.
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
First Merchants valuation against its peers
| Company | Market value | P/E | Forward P/E |
|---|---|---|---|
| First MerchantsFRME | $2.56B | 12.6 | 9.6 |
| Gcm GrosvenorGCMG | $2.55B | 22.2 | 12.8 |
| Beacon FinancialBBT | $2.57B | 16.0 | 9.3 |
| MARA HoldingsMARA | $2.58B | — | — |
| Hci GroupHCI | $2.53B | 8.5 | 9.5 |
| TrustmarkTRMK | $2.59B | 11.3 | 10.6 |
| First BancorpFBNC | $2.63B | 19.8 | 12.7 |
| Dynex Capital ReitDX | $2.63B | 3.5 | — |
| First BuseyBUSE | $2.44B | 11.1 | 10.8 |
| Peer median | 11.3 | 10.7 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: FRME returns
No forecast, no recommendation. This page describes First Merchants Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.