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 20.48 is 174% above its 5-year average of 7.47, around the middle of its 5-year range (4.41–28.18).
As of 2026-10-06T19:12:46.739Z. 10.12% below its 12-month average of 22.78.
Calculation as of: 2026-10-06T19:12:46.739Z.
Quote observation: 2026-10-06T19:10:07.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 38b4fcb32e08c5b10acc16b848a85f5630698ebf0d697b9c68fe91877d3c485e
PE Ratio (20.48) = Close Price ($32.77) / Diluted TTM EPS ($1.60)
PE RATIO
20.48
PE RATIO AVG TTM
22.78
PE RATIO AVG 3Y
7.94
PE RATIO AVG 5Y
7.47
PE RATIO AVG 10Y
12.22
PE RATIO AVG 15Y
N/A
PE RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-10.12%
CURRENT VS 3Y AVG
+157.94%
CURRENT VS 5Y AVG
+174.23%
CURRENT VS 10Y AVG
+67.59%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
13.80
median of 554 covered companies
CURRENT VS SECTOR MEDIAN
+48.35%
vs the sector median at left
Midland States Bancorp, Inc.
Market Cap
$680.05M
PE Ratio
20.48
TTM Avg
22.78
3Y Avg
7.94
5Y Avg
7.47
Market Cap
$677.91M
PE Ratio
10.59
TTM Avg
9.83
3Y Avg
10.19
5Y Avg
9.55
Market Cap
$683.23M
PE Ratio
14.93
TTM Avg
13.56
3Y Avg
11.68
5Y Avg
11.37
Market Cap
$687.70M
PE Ratio
N/A
TTM Avg
20.01
3Y Avg
17.47
5Y Avg
17.25
Market Cap
$669.34M
PE Ratio
6.06
TTM Avg
7.71
3Y Avg
11.03
5Y Avg
11.03
| NAME | MARKET CAP | PE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Midland States Bancorp, Inc. (MSBI) | $680.05M | 20.48 | 22.78 | 7.94 | 7.47 |
| Farmers National Banc Corp. (FMNB)vs › | $677.91M | 10.59 | 9.83 | 10.19 | 9.55 |
| Red River Bancshares, Inc. (RRBI)vs › | $683.23M | 14.93 | 13.56 | 11.68 | 11.37 |
| Carter Bankshares, Inc. (CARE)vs › | $675.30M | 5.18 | 11.27 | 16.26 | 14.06 |
| OFS Credit Company, Inc. (OCCIN)vs › | $683.83M | N/A | 80.20 | 65.41 | 52.00 |
| Donegal Group Inc. (DGICA)vs › | $671.51M | 9.20 | 8.55 | 30.94 | 141.48 |
| Vinci Compass Investments Ltd. (VINP)vs › | $687.70M | N/A | 20.01 | 17.47 | 17.25 |
| Gladstone Investment Corporation (GAINI)vs › | $669.34M | 6.06 | 7.71 | 11.03 | 11.03 |
| Root, Inc. (ROOT)vs › | $665.25M | 14.08 | 19.04 | 29.82 | 29.82 |
| Peoples Financial Services Corp. (PFIS)vs › | $695.96M | 12.30 | 10.88 | 18.51 | 14.61 |
At 20.5, P/E is above its 10-year median — higher than 82% of readings in its 10-year history.
10-year low
4.4
median
11.7
10-year high
75.1
Trailing P/E
20.5
Forward P/E
9.8
Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.
Calculation:
Current Price
$32.77
Forward EPS (Est.)
$3.34
Forward P/E
9.81
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 | 20.63 |
| 2026-10-02 | 20.71 |
| 2026-10-01 | 20.46 |
| 2026-09-30 | 20.10 |
| 2026-09-29 | 20.24 |
| 2026-09-28 | 20.73 |
| 2026-09-25 | 20.79 |
| 2026-09-24 | 20.71 |
| 2026-09-23 | 20.24 |
| 2026-09-22 | 20.55 |
| 2026-09-21 | 20.97 |
| 2026-09-18 | 20.96 |
| 2026-09-17 | 21.02 |
| 2026-09-16 | 20.83 |
| 2026-09-15 | 21.04 |
| 2026-09-14 | 20.99 |
| 2026-09-11 | 20.91 |
| 2026-09-10 | 20.82 |
| 2026-09-09 | 20.56 |
| 2026-09-08 | 20.78 |
| 2026-09-04 | 21.08 |
| 2026-09-03 | 20.96 |
| 2026-09-02 | 20.76 |
| 2026-09-01 | 20.37 |
| 2026-08-31 | 20.49 |
| 2026-08-28 | 20.63 |
| 2026-08-27 | 20.53 |
| 2026-08-26 | 20.49 |
| 2026-08-25 | 20.44 |
| 2026-08-24 | 20.50 |
| 2026-08-21 | 20.53 |
| 2026-08-20 | 20.33 |
| 2026-08-19 | 20.19 |
| 2026-08-18 | 20.71 |
| 2026-08-17 | 20.83 |
| 2026-08-14 | 20.86 |
| 2026-08-13 | 21.02 |
| 2026-08-12 | 20.96 |
| 2026-08-11 | 20.84 |
| 2026-08-10 | 20.75 |
| 2026-08-07 | 20.93 |
| 2026-08-06 | 21.10 |
| 2026-08-05 | 21.40 |
| 2026-08-04 | 21.58 |
| 2026-08-03 | 21.40 |
| 2026-07-31 | 21.04 |
| 2026-07-30 | 27.50 |
| 2026-07-29 | 27.79 |
| 2026-07-28 | 28.18 |
| 2026-07-27 | 27.13 |
| 2026-07-24 | 26.65 |
| 2026-07-23 | 25.60 |
| 2026-07-22 | 25.50 |
| 2026-07-21 | 26.02 |
| 2026-07-20 | 25.50 |
| 2026-07-17 | 25.72 |
| 2026-07-16 | 26.20 |
| 2026-07-15 | 25.37 |
| 2026-07-14 | 25.23 |
| 2026-07-13 | 25.42 |
| 2026-07-10 | 25.23 |
| 2026-07-09 | 24.91 |
| 2026-07-08 | 24.50 |
| 2026-07-07 | 25.02 |
| 2026-07-06 | 25.16 |
| 2026-07-02 | 25.08 |
| 2026-07-01 | 25.93 |
| 2026-06-30 | 25.74 |
| 2026-06-29 | 25.71 |
| 2026-06-26 | 25.80 |
| 2026-06-25 | 25.21 |
| 2026-06-24 | 24.95 |
| 2026-06-23 | 24.96 |
| 2026-06-22 | 24.40 |
| 2026-06-18 | 24.32 |
| 2026-06-17 | 24.07 |
| 2026-06-16 | 24.45 |
| 2026-06-15 | 24.37 |
| 2026-06-12 | 24.93 |
| 2026-06-11 | 24.49 |
| 2026-06-10 | 24.35 |
| 2026-06-09 | 23.88 |
| 2026-06-08 | 23.77 |
| 2026-06-05 | 23.58 |
| 2026-06-04 | 23.57 |
| 2026-06-03 | 22.72 |
| 2026-06-02 | 23.06 |
| 2026-06-01 | 22.72 |
| 2026-05-29 | 22.98 |
| 2026-05-28 | 22.93 |
| 2026-05-27 | 22.98 |
| 2026-05-26 | 23.26 |
| 2026-05-22 | 22.83 |
| 2026-05-21 | 22.79 |
| 2026-05-20 | 22.69 |
| 2026-05-19 | 21.95 |
| 2026-05-18 | 22.06 |
| 2026-05-15 | 21.94 |
| 2026-05-14 | 22.35 |
| 2026-05-13 | 22.04 |
| 2026-05-12 | 22.31 |
| 2026-05-11 | 22.75 |
| 2026-05-08 | 23.40 |
| 2026-05-07 | 23.42 |
| 2026-05-06 | 22.97 |
| 2026-05-05 | 22.38 |
| 2026-05-04 | 21.46 |
| 2026-05-01 | 21.81 |
| 2025-08-08 | 6.83 |
| 2025-08-07 | 6.70 |
| 2025-08-06 | 6.68 |
| 2025-08-05 | 6.50 |
| 2025-08-04 | 6.51 |
| 2025-08-01 | 6.43 |
| 2025-07-31 | 6.60 |
| 2025-07-30 | 6.74 |
| 2025-07-29 | 6.87 |
| 2025-07-28 | 7.04 |
| 2025-07-25 | 6.99 |
| 2025-07-24 | 7.00 |
| 2025-07-23 | 7.21 |
| 2025-07-22 | 7.19 |
| 2025-07-21 | 7.21 |
| 2025-07-18 | 7.19 |
| 2025-07-17 | 7.26 |
| 2025-07-16 | 7.22 |
| 2025-07-15 | 7.08 |
| 2025-07-14 | 7.39 |
| 2025-07-11 | 7.26 |
| 2025-07-10 | 7.36 |
| 2025-07-09 | 7.29 |
| 2025-07-08 | 7.30 |
| 2025-07-07 | 7.22 |
| 2025-07-03 | 7.28 |
| 2025-07-02 | 7.16 |
| 2025-07-01 | 6.21 |
| 2025-06-30 | 5.95 |
| 2025-06-27 | 6.11 |
| 2025-06-26 | 6.03 |
| 2025-06-25 | 5.88 |
| 2025-06-24 | 5.88 |
| 2025-06-23 | 5.78 |
| 2025-06-20 | 5.62 |
| 2025-06-18 | 5.60 |
| 2025-06-17 | 5.57 |
| 2025-06-16 | 5.64 |
| 2025-06-13 | 5.71 |
| 2025-06-12 | 5.88 |
| 2025-06-11 | 5.92 |
| 2025-06-10 | 5.99 |
| 2025-06-09 | 5.86 |
| 2025-06-06 | 5.83 |
| 2025-06-05 | 5.68 |
| 2025-06-04 | 5.69 |
| 2025-06-03 | 5.85 |
| 2025-06-02 | 5.68 |
| 2025-05-30 | 5.80 |
| 2025-05-29 | 5.78 |
| 2025-05-28 | 5.73 |
| 2025-05-27 | 5.82 |
| 2025-05-23 | 5.83 |
| 2025-05-22 | 5.80 |
| 2025-05-21 | 5.87 |
| 2025-05-20 | 6.14 |
| 2025-05-19 | 6.13 |
| 2025-05-16 | 6.14 |
| 2025-05-15 | 6.36 |
| 2025-05-14 | 6.29 |
| 2025-05-13 | 6.45 |
| 2025-05-12 | 6.40 |
| 2025-05-09 | 6.23 |
| 2025-05-08 | 6.27 |
| 2025-05-07 | 6.11 |
| 2025-05-06 | 6.11 |
| 2025-05-05 | 6.16 |
| 2025-05-02 | 6.30 |
| 2025-05-01 | 6.05 |
| 2025-04-30 | 5.59 |
| 2025-04-29 | 5.66 |
| 2025-04-28 | 5.69 |
| 2025-04-25 | 5.71 |
| 2025-04-24 | 5.77 |
| 2025-04-23 | 5.77 |
| 2025-04-22 | 5.68 |
| 2025-04-21 | 5.49 |
| 2025-04-17 | 5.40 |
| 2025-04-16 | 5.34 |
| 2025-04-15 | 5.23 |
| 2025-04-14 | 5.20 |
| 2025-04-11 | 5.22 |
| 2025-04-10 | 5.40 |
| 2025-04-09 | 5.66 |
| 2025-04-08 | 5.40 |
| 2025-04-07 | 5.47 |
| 2025-04-04 | 5.51 |
| 2025-04-03 | 5.44 |
| 2025-04-02 | 5.93 |
| 2025-04-01 | 5.91 |
| 2025-03-31 | 5.88 |
| 2025-03-28 | 5.95 |
| 2025-03-27 | 6.06 |
| 2025-03-26 | 6.05 |
| 2025-03-25 | 6.07 |
| 2025-03-24 | 6.22 |
| 2025-03-21 | 6.12 |
| 2025-03-20 | 6.20 |
| 2025-03-19 | 6.24 |
| 2025-03-18 | 6.25 |
| 2025-03-17 | 6.32 |
| 2025-03-14 | 6.34 |
| 2025-03-13 | 6.23 |
| 2025-03-12 | 6.29 |
| 2025-03-11 | 6.26 |
| 2025-03-10 | 6.37 |
| 2025-03-07 | 6.47 |
| 2025-03-06 | 6.44 |
| 2025-03-05 | 6.47 |
| 2025-03-04 | 6.50 |
| 2025-03-03 | 6.64 |
| 2025-02-28 | 6.66 |
| 2025-02-27 | 6.61 |
| 2025-02-26 | 6.60 |
| 2025-02-25 | 6.61 |
| 2025-02-24 | 6.50 |
| 2025-02-21 | 6.59 |
| 2025-02-20 | 6.79 |
| 2025-02-19 | 6.72 |
| 2025-02-18 | 6.72 |
| 2025-02-14 | 6.64 |
| 2025-02-13 | 6.76 |
| 2025-02-12 | 6.78 |
| 2025-02-11 | 6.88 |
| 2025-02-10 | 6.74 |
| 2025-02-07 | 6.78 |
| 2025-02-06 | 6.84 |
| 2025-02-05 | 6.66 |
| 2025-02-04 | 6.61 |
| 2025-02-03 | 6.45 |
| 2025-01-31 | 6.62 |
| 2025-01-30 | 6.81 |
| 2025-01-29 | 6.76 |
| 2025-01-28 | 6.63 |
| 2025-01-27 | 6.90 |
| 2025-01-24 | 6.87 |
| 2025-01-23 | 8.59 |
| 2025-01-22 | 8.42 |
| 2025-01-21 | 8.56 |
| 2025-01-17 | 8.46 |
| 2025-01-16 | 8.33 |
| 2025-01-15 | 8.36 |
| 2025-01-14 | 8.25 |
| 2025-01-13 | 7.90 |
| 2025-01-10 | 7.79 |
| 2025-01-08 | 8.10 |
| 2025-01-07 | 8.02 |
| 2025-01-06 | 8.07 |
| 2025-01-03 | 8.21 |
| 2025-01-02 | 8.19 |
| 2024-12-31 | 8.38 |
| 2024-12-30 | 8.45 |
Showing the most recent 260 of 2,424 data points. The chart above shows the full history.