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 7.78 as of 2026-10-06T15:02:39.446Z.
Consensus retrieved: 2026-10-06T11:40:20.415Z. 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: 2026-10-06T15:02:39.446Z.
Quote observation: 2026-10-06T13:30:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 851c6f427f8c8fc1793d18ddca1b1489a278b008f90b4dfa4554d7c71354db1e
Forward PE Ratio (7.78) = Dated Quote Price ($25.26) / Consensus Forward EPS ($3.25)
FORWARD PE RATIO
7.78
SECTOR MEDIAN · FINANCIAL SERVICES
11.20
median of 317 covered companies
CURRENT VS SECTOR MEDIAN
-30.54%
vs the sector median at left
First Merchants Corporation
Market Cap
$2.79B
Forward PE Ratio
7.78
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| First Merchants Corporation (FRMEP) | $2.79B | 7.78 |
| Brighthouse Financial, Inc. (BHF)vs › | $2.90B | 2.55 |
| NBT Bancorp Inc. (NBTB)vs › | $2.65B | 12.19 |
| The Baldwin Insurance Group, Inc. (BWIN)vs › | $2.58B | 15.84 |
| Inter & Co, Inc. (INTR)vs › | $3.02B | N/A |
| NMI Holdings, Inc. (NMIH)vs › | $3.02B | 7.56 |
| Strive, Inc. (ASST)vs › | $3.04B | N/A |
| Merchants Bancorp (MBINM)vs › | $2.54B | 4.56 |
| First Hawaiian, Inc. (FHB)vs › | $3.05B | 10.64 |
| Columbia Financial, Inc. (CLBK)vs › | $2.52B | 40.39 |
Trailing P/E
8.1
reported TTM EPS
Forward P/E
7.8
consensus EPS · fiscal year ending 2026-12-31
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $3.25 implies +3.8% EPS growth vs the reported trailing $3.13.
At the dated quote price of $25.26, 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 | $3.25 | $3.22 – $3.27 | 1 | 7.8x |
| 2027-12-31 | $4.50 | $4.46 – $4.52 | 1 | 5.6x |
| 2028-12-31 | $4.90 | $4.86 – $4.93 | 1 | 5.2x |
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
