First MerchantsFRME.OValuation Analysis

As of Oct 16, 2026, First Merchants (FRME.O) trades at a P/E of 13.50x, P/B of 0.92x, P/S of 3.60x, and a dividend yield of 2.78%.
Longitudinal percentile comparison: P/E sits at the 66th percentile over the trailing 10Y window (vs. 87th percentile over 3Y); P/B sits at the 21st percentile over the trailing 10Y window (vs. 31st percentile over 3Y); P/S sits at the 32nd percentile over the trailing 10Y window (vs. 65th percentile over 3Y).
Cross-sectional valuation: its P/E ranks at the 44th percentile within its industry and the 33rd percentile across the broader market.
Shareholder return highlight: Total Shareholder Yield is 4.67%, ranking at the 60th percentile over the trailing 20Y window.
Notably, P/E and P/B aren't telling quite the same story, 45.2 points apart — worth checking the full percentile matrix on this page for the complete picture. The P/E percentile sits lower across the market than within its own industry — relatively cheaper next to the market as a whole. Of the 4.67% total shareholder yield, 2.78% is paid out as dividends and roughly 1.89% is implied to come from buybacks — both channels are meaningfully in play. First Merchants operates in the Finance, Insurance, And Real Estate sector. Data refreshes weekly and is for reference only, not investment advice.