First Merchants Corp (FRMEP) stock
FRMEPNasdaqNational Commercial BanksFiscal year ends December 31Also trades as FRME
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 11/303% below fair value
$25.17+0.00 (0.00%)
Close on Oct 30, 2026Market cap $1.58BP/E 7.8Yield 5.68%
First Merchants price to sales ratio
The price-to-sales ratio is market cap divided by revenue over the trailing twelve months.
First Merchants's price to sales ratio was 3.5× on Oct 19, 2026, against 3.1× a year earlier. Over the last 5 years it ranged from 2.3× to 4.9×, with a median of 3.5×.
Price to Sales Ratio at the end of each year
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| 2026 | Oct 19, 2026 | 3.5× | +0.3 |
| 2025 | Dec 31, 2025 | 3.2× | −0.5 |
| 2024 | Dec 31, 2024 | 3.7× | +0.4 |
| 2023 | Dec 29, 2023 | 3.3× | −0.9 |
| 2022 | Dec 30, 2022 | 4.2× | −0.1 |
| 2021 | Dec 31, 2021 | 4.3× | +0.1 |
| 2020 | Dec 31, 2020 | 4.2× | −1.2 |
| 2019 | Dec 31, 2019 | 5.4× | +1.2 |
| 2018 | Dec 31, 2018 | 4.2× | −2.2 |
| 2017 | Dec 29, 2017 | 6.4× | +0.9 |
| 2016 | Dec 30, 2016 | 5.5× | +1.8 |
| 2015 | Dec 31, 2015 | 3.6× | +0.3 |
| 2014 | Dec 31, 2014 | 3.3× | +0.1 |
| 2013 | Dec 31, 2013 | 3.2× | +1.2 |
| 2012 | Dec 31, 2012 | 2.0× | +0.7 |
| 2011 | Dec 30, 2011 | 1.3× | – |