First Merchants (FRME) Price to Book (2010 - 2026)
First Merchants' (FRME) Price to Book stood at 0.94 in Q3 2026, up 5.0% from 0.89 a year earlier but down 6.8% from the prior quarter.
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Analysis
First Merchants (FRME) Price to Book (2010 - 2026) Analysis & Trends
For FY2025, First Merchants' Price to Book came in at 0.87, down 13.7% from FY2024.
- Across earlier years, Price to Book came in at 1.00 in FY2024 (+2.3%), 0.98 in FY2023 (-18.0%), 1.20 in FY2022 (+2.2%) and 1.17 in FY2021 (+8.8%).
- Quarterly Price to Book has ranged from 0.78 in Q2 2023 to 1.23 in Q1 2022 over the past five years.
- On a year-over-year basis, Price to Book rose in five of the last eight quarters, with growth averaging 0.4%.
- Peak year-over-year performance for Price to Book in the last five years was growth of 18.9% in Q3 2024, against a decline of 34.2% in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 1.01 (Q2 2026), 0.91 (Q1 2026) and 0.87 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn |
| 10 | First Merchants | 256.31 Mn | 256.31 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.09 |
| Jun 30, 2026 | 0.10 |
| Mar 31, 2026 | 0.09 |
| Dec 31, 2025 | 0.09 |
| Sep 30, 2025 | 0.09 |
| Jun 30, 2025 | 0.09 |
| Mar 31, 2025 | 0.10 |
| Dec 31, 2024 | 0.10 |
| Sep 30, 2024 | 0.09 |
| Jun 30, 2024 | 0.09 |
| Mar 31, 2024 | 0.09 |
| Dec 31, 2023 | 0.10 |
| Sep 30, 2023 | 0.08 |
| Jun 30, 2023 | 0.08 |
| Mar 31, 2023 | 0.09 |
| Dec 31, 2022 | 0.12 |
| Sep 30, 2022 | 0.12 |
| Jun 30, 2022 | 0.11 |
| Mar 31, 2022 | 0.12 |
| Dec 31, 2021 | 0.12 |
API Access
First Merchants Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "FRME", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();