First Merchants Corp
NASDAQ:FRME

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First Merchants Corp
NASDAQ:FRME
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Price: 44.05 USD 1.5% Market Closed
Market Cap: 2.6B USD
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Relative Value

The Relative Value of one FRME stock under the Base Case scenario is 41.27 USD. Compared to the current market price of 44.05 USD, First Merchants Corp is Overvalued by 6%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FRME Relative Value
Base Case
41.27 USD
Overvaluation 6%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
33
vs Industry
22
Median 3Y
3.6
Median 5Y
3.8
Industry
2.5
Forward
3.8
vs History
6
vs Industry
43
Median 3Y
10.3
Median 5Y
10.6
Industry
10.7
Forward
13.3
vs History
42
vs Industry
42
Median 3Y
1
Median 5Y
1
Industry
1
vs History
26
vs Industry
31
Median 3Y
0.2
Median 5Y
0.2
Industry
0.1

Multiples Across Competitors

FRME Competitors Multiples
First Merchants Corp Competitors

All Multiples
P/S
P/E
P/B
All Countries
Close
Market Cap P/S P/E P/B
US
First Merchants Corp
NASDAQ:FRME
2.6B USD 4.1 14.4 1.1
US
PNC Financial Services Group Inc
NYSE:PNC
83.4B USD 3.9 17.6 1.5
US
Truist Financial Corp
NYSE:TFC
63.7B USD 4.6 -33.3 1
US
M&T Bank Corp
NYSE:MTB
36.7B USD 4 16.2 1.3
US
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
33.4B USD 3.4 13.2 1.5
US
Fifth Third Bancorp
NASDAQ:FITB
32.4B USD 3.8 15.7 1.6
US
Huntington Bancshares Inc
NASDAQ:HBAN
26B USD 3.6 17.1 1.3
US
Regions Financial Corp
NYSE:RF
24.9B USD 3.5 15.2 1.3
CN
Bank of Jiangsu Co Ltd
SSE:600919
162.6B CNY 2 6.3 0.5
CN
Bank of Ningbo Co Ltd
SZSE:002142
158.4B CNY 2.3 6.1 0.7
US
Citizens Financial Group Inc
NYSE:CFG
21.2B USD 2.7 18.2 0.9

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