Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 11.24 as of 2026-10-06T15:02:36.489Z.
Consensus retrieved: 2026-10-06T11:35:06.192Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-10-06T15:02:36.489Z.
Quote observation: 2026-10-06T14:56:41.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 8ec7cc02b06d9c49ae57d048d048fd4507e0d42b41865713c5c3c50425b7e182
Forward PE Ratio (11.24) = Dated Quote Price ($35.66) / Consensus Forward EPS ($3.17)
FORWARD PE RATIO
11.24
SECTOR MEDIAN · FINANCIAL SERVICES
11.20
median of 319 covered companies
CURRENT VS SECTOR MEDIAN
+0.36%
vs the sector median at left
Farmers & Merchants Bancorp, Inc.
Market Cap
$491.04M
Forward PE Ratio
11.24
Market Cap
$473.69M
Forward PE Ratio
N/A
Market Cap
$471.62M
Forward PE Ratio
N/A
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Farmers & Merchants Bancorp, Inc. (FMAO) | $491.04M | 11.24 |
| Greenlight Capital Re, Ltd. (GLRE)vs › | $492.81M | 29.69 |
| ChoiceOne Financial Services, Inc. (COFS)vs › | $496.51M | 8.98 |
| Crane Harbor Acquisition Corp. II Class A Ordinary Shares (CRAN)vs › | $473.69M | N/A |
| Orange County Bancorp, Inc. (OBT)vs › | $508.70M | 11.00 |
| Gores Holdings X, Inc. (GTEN)vs › | $472.59M | N/A |
| Cantor Equity Partners IV, Inc. Class A Ordinary Shares (CEPF)vs › | $471.62M | N/A |
| Churchill Capital Corp XI (CCXI)vs › | $511.60M | N/A |
| Sierra Bancorp (BSRR)vs › | $518.12M | 11.14 |
| Citizens & Northern Corporation (CZNC)vs › | $460.46M | 11.84 |
Trailing P/E
12.3
reported TTM EPS
Forward P/E
11.2
consensus EPS · fiscal year ending 2026-12-31
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $3.17 implies +8.9% EPS growth vs the reported trailing $2.91.
At the dated quote price of $35.66, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $3.17 | $2.94 – $3.31 | 3 | 11.2x |
| 2027-12-31 | $3.27 | $3.11 – $3.37 | 3 | 10.9x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
