First Merchants (FRME) Price to Sales (2011 - 2026)
First Merchants' (FRME) Price to Sales was 27.01 for Q2 2026, up 13.8% from 23.75 a year earlier and up 9.0% from the prior quarter.
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Analysis
First Merchants (FRME) Price to Sales (2011 - 2026) Analysis & Trends
For FY2025, Price to Sales at First Merchants was 22.59, down 11.3% from FY2024.
- Price to Sales has declined for four consecutive years.
- By year, Price to Sales came in at 25.48 in FY2024 (-0.8%), 25.68 in FY2023 (-11.8%), 29.10 in FY2022 (-3.9%) and 30.28 in FY2021 (+9.2%).
- The Q2 2026 figure ranks as the highest quarterly Price to Sales since Q4 2022.
- Year over year, Price to Sales gained in four of the last eight quarters, with growth averaging 3.7%.
- The high point for year-over-year Price to Sales in five years was Q3 2021 (growth of 82.7%); the low point was Q3 2023 (a decline of 28.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 24.79 (Q1 2026), 22.59 (Q4 2025) and 23.05 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.45 Bn | 912.92 Bn | - |
| 2 | Banco Santander Chile | 401.52 Bn | 521.46 Bn | - |
| 3 | Bank Of America | 377.43 Bn | -1,998.64 Bn | - |
| 4 | Hsbc Holdings | 330.31 Bn | 330.37 Bn | - |
| 5 | Morgan Stanley | 299.17 Bn | -209.92 Bn | - |
| 6 | Royal Bank Of Canada | 274.08 Bn | 124.82 Bn | - |
| 7 | Mitsubishi Ufj Financial | 270.70 Bn | -1,317.79 Bn | 10.89 Bn |
| 8 | Goldman Sachs | 263.13 Bn | -3,293.98 Bn | - |
| 9 | Wells Fargo & Company | 243.64 Bn | 245.78 Bn | - |
| 10 | First Merchants | 2.50 Bn | 2.50 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.01 |
| Mar 31, 2026 | 24.79 |
| Dec 31, 2025 | 22.59 |
| Sep 30, 2025 | 23.05 |
| Jun 30, 2025 | 23.75 |
| Mar 31, 2025 | 25.54 |
| Dec 31, 2024 | 25.48 |
| Sep 30, 2024 | 24.37 |
| Jun 30, 2024 | 22.31 |
| Mar 31, 2024 | 24.03 |
| Dec 31, 2023 | 25.68 |
| Sep 30, 2023 | 19.67 |
| Jun 30, 2023 | 20.07 |
| Mar 31, 2023 | 23.01 |
| Dec 31, 2022 | 29.10 |
| Sep 30, 2022 | 27.51 |
| Jun 30, 2022 | 25.66 |
| Mar 31, 2022 | 28.51 |
| Dec 31, 2021 | 30.28 |
| Sep 30, 2021 | 30.91 |
API Access
First Merchants Price to Sales 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-sales&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-sales", "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-sales&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();