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 4.17 as of 2026-10-06T17:37:16.290Z.
Consensus retrieved: 2026-10-06T13:44:56.943Z. 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: 2026-10-06T17:37:16.290Z.
Quote observation: 2026-10-06T17:33:42.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 74635915b007ae71f5029457e03aa7ac1bf56f39c994f0193b5d1ded8da7cd66
Forward PE Ratio (4.17) = Dated Quote Price ($23.25) / Consensus Forward EPS ($5.57)
FORWARD PE RATIO
4.17
SECTOR MEDIAN · FINANCIAL SERVICES
11.18
median of 378 covered companies
CURRENT VS SECTOR MEDIAN
-62.70%
vs the sector median at left
Merchants Bancorp
Market Cap
$2.38B
Forward PE Ratio
4.17
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Merchants Bancorp (MBINL) | $2.38B | 4.17 |
| Nuveen Quality Municipal Income Fund (NAD)vs › | $2.37B | N/A |
| Merchants Bancorp (MBINN)vs › | $2.38B | 3.39 |
| Oxford Lane Capital Corp. (OXLCM)vs › | $2.44B | 6.42 |
| Merchants Bancorp (MBIN)vs › | $2.29B | 8.94 |
| Banner Corporation (BANR)vs › | $2.28B | 11.27 |
| Stock Yards Bancorp, Inc. (SYBT)vs › | $2.28B | 14.82 |
| Skyward Specialty Insurance Group, Inc. (SKWD)vs › | $2.27B | 11.12 |
| First Bancorp (FBNC)vs › | $2.49B | 13.21 |
| Columbia Financial, Inc. (CLBK)vs › | $2.49B | 39.95 |
Trailing P/E
4.7
reported TTM EPS
Forward P/E
4.2
consensus EPS · fiscal year ending 2026-12-31
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $5.57 implies +11.8% EPS growth vs the reported trailing $4.98.
At the dated quote price of $23.25, 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 | $5.57 | $5.41 – $5.73 | 2 | 4.2x |
| 2027-12-31 | $6.01 | $5.55 – $6.47 | 2 | 3.9x |
| 2028-12-31 | $6.91 | $6.74 – $7.09 | 1 | 3.4x |
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
