Basis: FMP quote price / unrounded diluted EPS from four consecutive issuer fiscal quarters. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/E ratio high or low?
The P/E ratio of 12.31 is in line with its 5-year average of 12.75, around the middle of its 5-year range (7.76–20.48).
As of 2026-10-06T14:16:45.421Z. 9.79% above its 12-month average of 11.21.
Calculation as of: 2026-10-06T14:16:45.421Z.
Quote observation: 2026-10-06T14:15:14.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 8ec7cc02b06d9c49ae57d048d048fd4507e0d42b41865713c5c3c50425b7e182
PE Ratio (12.31) = Close Price ($35.82) / Diluted TTM EPS ($2.91)
PE RATIO
12.31
PE RATIO AVG TTM
11.21
PE RATIO AVG 3Y
12.58
PE RATIO AVG 5Y
12.75
PE RATIO AVG 10Y
14.58
PE RATIO AVG 15Y
13.08
PE RATIO AVG 20Y
13.06
CURRENT VS TTM AVG
+9.79%
CURRENT VS 3Y AVG
-2.18%
CURRENT VS 5Y AVG
-3.43%
CURRENT VS 10Y AVG
-15.57%
CURRENT VS 15Y AVG
-5.85%
CURRENT VS 20Y AVG
-5.77%
SECTOR MEDIAN · FINANCIAL SERVICES
13.43
median of 371 covered companies
CURRENT VS SECTOR MEDIAN
-8.34%
vs the sector median at left
Farmers & Merchants Bancorp, Inc.
Market Cap
$493.18M
PE Ratio
12.31
TTM Avg
11.21
3Y Avg
12.58
5Y Avg
12.75
Market Cap
$491.61M
PE Ratio
10.15
TTM Avg
8.73
3Y Avg
7.43
5Y Avg
12.28
Market Cap
$500.02M
PE Ratio
9.21
TTM Avg
16.07
3Y Avg
13.48
5Y Avg
11.41
Market Cap
$473.92M
PE Ratio
78.58
TTM Avg
130.21
3Y Avg
130.21
5Y Avg
130.21
Market Cap
$471.39M
PE Ratio
41.24
TTM Avg
63.13
3Y Avg
63.13
5Y Avg
63.13
Market Cap
$471.03M
PE Ratio
74.54
TTM Avg
172.99
3Y Avg
172.99
5Y Avg
172.99
Market Cap
$514.96M
PE Ratio
N/A
TTM Avg
1310.42
3Y Avg
1310.42
5Y Avg
1310.42
Market Cap
$460.46M
PE Ratio
17.42
TTM Avg
15.56
3Y Avg
13.17
5Y Avg
13.16
| NAME | MARKET CAP | PE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Farmers & Merchants Bancorp, Inc. (FMAO) | $493.18M | 12.31 | 11.21 | 12.58 | 12.75 |
| Greenlight Capital Re, Ltd. (GLRE)vs › | $491.61M | 10.15 | 8.73 | 7.43 | 12.28 |
| ChoiceOne Financial Services, Inc. (COFS)vs › | $500.02M | 9.21 | 16.07 | 13.48 | 11.41 |
| Crane Harbor Acquisition Corp. II Class A Ordinary Shares (CRAN)vs › | $473.92M | 78.58 | 130.21 | 130.21 | 130.21 |
| Cantor Equity Partners IV, Inc. Class A Ordinary Shares (CEPF)vs › | $471.39M | 41.24 | 63.13 | 63.13 | 63.13 |
| Gores Holdings X, Inc. (GTEN)vs › | $471.03M | 74.54 | 172.99 | 172.99 | 172.99 |
| Churchill Capital Corp XI (CCXI)vs › | $514.96M | N/A | 1310.42 | 1310.42 | 1310.42 |
| Sierra Bancorp (BSRR)vs › | $516.13M | 11.57 | 11.41 | 10.46 | 9.73 |
| Citizens & Northern Corporation (CZNC)vs › | $460.46M | 17.42 | 15.56 | 13.17 | 13.16 |
| Bankwell Financial Group, Inc. (BWFG)vs › | $530.85M | 12.40 | 12.49 | 12.53 | 10.86 |
At 12.3, P/E is near its 20-year median — higher than 38% of readings in its 20-year history.
20-year low
7.8
median
12.8
20-year high
32.7
Trailing P/E
12.3
Forward P/E
11.3
Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.
Calculation:
Current Price
$35.82
Forward EPS (Est.)
$3.17
Forward P/E
11.29
Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.
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
| DATE | PE RATIO |
|---|---|
| 2026-10-05 | 12.15 |
| 2026-10-02 | 12.20 |
| 2026-10-01 | 12.00 |
| 2026-09-30 | 11.90 |
| 2026-09-29 | 11.93 |
| 2026-09-28 | 12.01 |
| 2026-09-25 | 12.00 |
| 2026-09-24 | 12.04 |
| 2026-09-23 | 11.88 |
| 2026-09-22 | 12.15 |
| 2026-09-21 | 12.20 |
| 2026-09-18 | 12.21 |
| 2026-09-17 | 12.26 |
| 2026-09-16 | 12.30 |
| 2026-09-15 | 12.29 |
| 2026-09-14 | 12.31 |
| 2026-09-11 | 12.19 |
| 2026-09-10 | 12.17 |
| 2026-09-09 | 12.00 |
| 2026-09-08 | 11.98 |
| 2026-09-04 | 12.12 |
| 2026-09-03 | 12.09 |
| 2026-09-02 | 11.88 |
| 2026-09-01 | 11.65 |
| 2026-08-31 | 11.67 |
| 2026-08-28 | 11.77 |
| 2026-08-27 | 11.65 |
| 2026-08-26 | 11.62 |
| 2026-08-25 | 11.57 |
| 2026-08-24 | 11.68 |
| 2026-08-21 | 11.70 |
| 2026-08-20 | 11.59 |
| 2026-08-19 | 11.51 |
| 2026-08-18 | 11.97 |
| 2026-08-17 | 12.04 |
| 2026-08-14 | 12.07 |
| 2026-08-13 | 12.14 |
| 2026-08-12 | 12.08 |
| 2026-08-11 | 12.05 |
| 2026-08-10 | 11.81 |
| 2026-08-07 | 12.00 |
| 2026-08-06 | 11.78 |
| 2026-08-05 | 11.74 |
| 2026-08-04 | 11.95 |
| 2026-08-03 | 11.54 |
| 2026-07-31 | 11.46 |
| 2026-07-30 | 11.46 |
| 2026-07-29 | 13.44 |
| 2026-07-28 | 13.20 |
| 2026-07-27 | 11.95 |
| 2026-07-24 | 11.86 |
| 2026-07-23 | 11.64 |
| 2026-07-22 | 11.68 |
| 2026-07-21 | 11.84 |
| 2026-07-20 | 11.79 |
| 2026-07-17 | 11.71 |
| 2026-07-16 | 12.07 |
| 2026-07-15 | 11.56 |
| 2026-07-14 | 11.42 |
| 2026-07-13 | 11.52 |
| 2026-07-10 | 11.43 |
| 2026-07-09 | 11.47 |
| 2026-07-08 | 11.30 |
| 2026-07-07 | 11.61 |
| 2026-07-06 | 11.82 |
| 2026-07-02 | 11.75 |
| 2026-07-01 | 12.05 |
| 2026-06-30 | 11.72 |
| 2026-06-29 | 11.71 |
| 2026-06-26 | 11.67 |
| 2026-06-25 | 11.47 |
| 2026-06-24 | 11.31 |
| 2026-06-23 | 11.20 |
| 2026-06-22 | 10.98 |
| 2026-06-18 | 11.05 |
| 2026-06-17 | 10.94 |
| 2026-06-16 | 11.06 |
| 2026-06-15 | 10.88 |
| 2026-06-12 | 11.03 |
| 2026-06-11 | 10.87 |
| 2026-06-10 | 10.93 |
| 2026-06-09 | 10.93 |
| 2026-06-08 | 10.78 |
| 2026-06-05 | 10.76 |
| 2026-06-04 | 10.67 |
| 2026-06-03 | 10.40 |
| 2026-06-02 | 10.75 |
| 2026-06-01 | 10.50 |
| 2026-05-29 | 10.70 |
| 2026-05-28 | 10.66 |
| 2026-05-27 | 10.68 |
| 2026-05-26 | 10.64 |
| 2026-05-22 | 10.55 |
| 2026-05-21 | 10.66 |
| 2026-05-20 | 10.56 |
| 2026-05-19 | 10.41 |
| 2026-05-18 | 10.43 |
| 2026-05-15 | 10.13 |
| 2026-05-14 | 10.24 |
| 2026-05-13 | 10.23 |
| 2026-05-12 | 10.33 |
| 2026-05-11 | 10.42 |
| 2026-05-08 | 10.67 |
| 2026-05-07 | 10.60 |
| 2026-05-06 | 10.41 |
| 2026-05-05 | 10.43 |
| 2026-05-04 | 10.13 |
| 2026-05-01 | 10.44 |
| 2026-04-30 | 10.26 |
| 2026-04-29 | 11.02 |
| 2026-04-28 | 11.43 |
| 2026-04-27 | 11.35 |
| 2026-04-24 | 11.01 |
| 2026-04-23 | 10.96 |
| 2026-04-22 | 11.05 |
| 2026-04-21 | 11.09 |
| 2026-04-20 | 11.24 |
| 2026-04-17 | 11.31 |
| 2026-04-16 | 11.07 |
| 2026-04-15 | 11.07 |
| 2026-04-14 | 11.07 |
| 2026-04-13 | 11.09 |
| 2026-04-10 | 11.25 |
| 2026-04-09 | 11.27 |
| 2026-04-08 | 10.99 |
| 2026-04-07 | 10.79 |
| 2026-04-06 | 10.59 |
| 2026-04-02 | 10.69 |
| 2026-04-01 | 10.72 |
| 2026-03-31 | 10.61 |
| 2026-03-30 | 10.59 |
| 2026-03-27 | 10.39 |
| 2026-03-26 | 10.33 |
| 2026-03-25 | 10.37 |
| 2026-03-24 | 10.30 |
| 2026-03-23 | 10.40 |
| 2026-03-20 | 10.33 |
| 2026-03-19 | 10.33 |
| 2026-03-18 | 10.03 |
| 2026-03-17 | 10.16 |
| 2026-03-16 | 10.26 |
| 2026-03-13 | 10.12 |
| 2026-03-12 | 10.25 |
| 2026-03-11 | 10.43 |
| 2026-03-10 | 10.57 |
| 2026-03-09 | 10.35 |
| 2026-03-06 | 10.47 |
| 2026-03-05 | 10.39 |
| 2026-03-04 | 10.77 |
| 2026-03-03 | 10.92 |
| 2026-03-02 | 11.12 |
| 2026-02-27 | 11.15 |
| 2026-02-26 | 11.84 |
| 2026-02-25 | 11.69 |
| 2026-02-24 | 11.37 |
| 2026-02-23 | 11.53 |
| 2026-02-20 | 11.99 |
| 2026-02-19 | 11.88 |
| 2026-02-18 | 11.98 |
| 2026-02-17 | 12.48 |
| 2026-02-13 | 12.75 |
| 2026-02-12 | 11.84 |
| 2026-02-11 | 11.96 |
| 2026-02-10 | 11.87 |
| 2026-02-09 | 12.05 |
| 2026-02-06 | 12.19 |
| 2026-02-05 | 12.06 |
| 2026-02-04 | 12.22 |
| 2026-02-03 | 11.95 |
| 2026-02-02 | 11.94 |
| 2026-01-30 | 11.56 |
| 2026-01-29 | 11.29 |
| 2026-01-28 | 10.99 |
| 2026-01-27 | 11.32 |
| 2026-01-26 | 11.26 |
| 2026-01-23 | 11.06 |
| 2026-01-22 | 11.50 |
| 2026-01-21 | 11.54 |
| 2026-01-20 | 10.91 |
| 2026-01-16 | 10.91 |
| 2026-01-15 | 10.94 |
| 2026-01-14 | 10.90 |
| 2026-01-13 | 10.72 |
| 2026-01-12 | 10.80 |
| 2026-01-09 | 10.85 |
| 2026-01-08 | 10.84 |
| 2026-01-07 | 10.37 |
| 2026-01-06 | 10.51 |
| 2026-01-05 | 10.52 |
| 2026-01-02 | 10.49 |
| 2025-12-31 | 10.66 |
| 2025-12-30 | 10.73 |
| 2025-12-29 | 10.77 |
| 2025-12-26 | 11.25 |
| 2025-12-24 | 11.16 |
| 2025-12-23 | 11.34 |
| 2025-12-22 | 11.47 |
| 2025-12-19 | 11.85 |
| 2025-12-18 | 11.94 |
| 2025-12-17 | 12.07 |
| 2025-12-16 | 11.80 |
| 2025-12-15 | 11.94 |
| 2025-12-12 | 11.88 |
| 2025-12-11 | 11.53 |
| 2025-12-10 | 11.54 |
| 2025-12-09 | 11.03 |
| 2025-12-08 | 10.65 |
| 2025-12-05 | 10.69 |
| 2025-12-04 | 10.96 |
| 2025-12-03 | 10.98 |
| 2025-12-02 | 10.51 |
| 2025-12-01 | 10.55 |
| 2025-11-28 | 10.56 |
| 2025-11-26 | 10.81 |
| 2025-11-25 | 10.86 |
| 2025-11-24 | 10.71 |
| 2025-11-21 | 10.77 |
| 2025-11-20 | 10.06 |
| 2025-11-19 | 9.97 |
| 2025-11-18 | 10.13 |
| 2025-11-17 | 10.19 |
| 2025-11-14 | 10.66 |
| 2025-11-13 | 10.71 |
| 2025-11-12 | 10.62 |
| 2025-11-11 | 10.53 |
| 2025-11-10 | 10.47 |
| 2025-11-07 | 10.55 |
| 2025-11-06 | 10.45 |
| 2025-11-05 | 10.59 |
| 2025-11-04 | 10.36 |
| 2025-11-03 | 10.26 |
| 2025-10-31 | 11.06 |
| 2025-10-30 | 10.96 |
| 2025-10-29 | 10.65 |
| 2025-10-28 | 11.06 |
| 2025-10-27 | 11.09 |
| 2025-10-24 | 11.38 |
| 2025-10-23 | 11.20 |
| 2025-10-22 | 11.38 |
| 2025-10-21 | 11.33 |
| 2025-10-20 | 11.50 |
| 2025-10-17 | 10.96 |
| 2025-10-16 | 10.70 |
| 2025-10-15 | 11.35 |
| 2025-10-14 | 11.47 |
| 2025-10-13 | 11.16 |
| 2025-10-10 | 10.81 |
| 2025-10-09 | 11.35 |
| 2025-10-08 | 11.66 |
| 2025-10-07 | 11.47 |
| 2025-10-06 | 11.73 |
| 2025-10-03 | 11.71 |
| 2025-10-02 | 11.37 |
| 2025-10-01 | 11.79 |
| 2025-09-30 | 11.58 |
| 2025-09-29 | 12.04 |
| 2025-09-26 | 12.17 |
| 2025-09-25 | 11.91 |
| 2025-09-24 | 11.94 |
| 2025-09-23 | 12.05 |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.
