Which has the lower trailing P/E, COFS or FMAO?

COFS has the lower trailing P/E: COFS trades at 9.14 and FMAO at 12.24. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, COFS or FMAO?

Over the past five years, FMAO grew revenue faster — COFS at a 16.92% CAGR versus FMAO at 17.50%.

Does COFS or FMAO pay a bigger dividend?

COFS yields 3.51% and FMAO yields 2.59% based on trailing dividends and the latest price.

Is COFS or FMAO more profitable?

COFS runs the higher net margin — COFS at 29.96% versus FMAO at 20.53%.

How have COFS and FMAO total returns compared?

Over the past 10 years, COFS delivered 8.94% and FMAO delivered 11.24% annualized total return. Past performance doesn't predict future results.

ChoiceOne Financial Services, Inc. (COFS) vs Farmers & Merchants Bancorp, Inc. (FMAO)

A side-by-side comparison of ChoiceOne Financial Services, Inc. and Farmers & Merchants Bancorp, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

COFS

ChoiceOne Financial Services, Inc.

$496M

$33.16Financial ServicesDelayed quote: Oct 6, 2026, 10:39 AM EDT

FMAO

Farmers & Merchants Bancorp, Inc.

$490M

$35.61Financial ServicesDelayed quote: Oct 6, 2026, 10:40 AM EDT

Total return — COFS vs FMAO

growth of $100 · dividends reinvested · last 10y

COFS +138.2% (+9.1%/yr)FMAO +196.5% (+11.5%/yr)FMAO compounded faster over this window

COFS FMAO

COFS vs FMAO: by the numbers

•COFS is the larger company ($496M vs $490M market cap).
•COFS trades at the lower trailing earnings multiple (9.14 vs 12.24 P/E), one valuation lens rather than an overall verdict.
•COFS converts more revenue to profit (29.96% vs 20.53% net margin).
•FMAO grew revenue faster over the past five years (17.50% vs 16.92% CAGR).
•COFS pays the higher dividend yield (3.51% vs 2.59%).

Metrics side by side

Valuation

Metric	COFS	FMAO
P/E ratio	9.14	12.24
Forward P/E	8.96	11.22
P/S ratio	2.71	2.51
P/B ratio	1.03	1.27

Profitability

Metric	COFS	FMAO
Operating margin	19.22%	26.25%
Net margin	29.96%	20.53%
ROE	11.34%	10.40%

ChoiceOne Financial Services, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Farmers & Merchants Bancorp, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

Metric	COFS	FMAO
Dividend yield	3.51%	2.59%
Payout ratio	31.96%	31.53%

Growth (annualized)

Metric	COFS	FMAO
Revenue CAGR (5Y)	16.92%	17.50%
EPS CAGR (5Y)	-0.58%	N/A
Total return CAGR (5Y)	10.47%	12.50%

Frequently asked

Which has the lower trailing P/E, COFS or FMAO?: COFS has the lower trailing P/E: COFS trades at 9.14 and FMAO at 12.24. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, COFS or FMAO?: Over the past five years, FMAO grew revenue faster — COFS at a 16.92% CAGR versus FMAO at 17.50%.
Does COFS or FMAO pay a bigger dividend?: COFS yields 3.51% and FMAO yields 2.59% based on trailing dividends and the latest price.
Is COFS or FMAO more profitable?: COFS runs the higher net margin — COFS at 29.96% versus FMAO at 20.53%.
How have COFS and FMAO total returns compared?: Over the past 10 years, COFS delivered 8.94% and FMAO delivered 11.24% annualized total return. Past performance doesn't predict future results.

Go deeper

Full COFS analysis Full FMAO analysis Interactive comparison tool

Dig into the metrics

ChoiceOne Financial Services P/E ratio Farmers & Merchants Bancorp P/E ratio ChoiceOne Financial Services dividend yield Farmers & Merchants Bancorp dividend yield ChoiceOne Financial Services ROE Farmers & Merchants Bancorp ROE ChoiceOne Financial Services operating margin Farmers & Merchants Bancorp operating margin ChoiceOne Financial Services revenue growth Farmers & Merchants Bancorp revenue growth

ChoiceOne Financial Services & Farmers & Merchants Bancorp appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.