FRME
First Merchants Corp
Price:  
37.03 
USD
Volume:  
144,222.00
United States | Banks
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FRME Fair Value

-46.89 %
Upside

What is the fair value of FRME?

As of 2025-06-13, the Fair Value of First Merchants Corp (FRME) is 19.67 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 37.03 USD, the upside of First Merchants Corp is -46.89%.

Is FRME a good investment?

With the market price of 37.03 USD and our fair value calculation, First Merchants Corp (FRME) is not a good investment. Investing in FRME stocks now will result in a potential loss of 46.89%.

37.03 USD
Stock Price
19.67 USD
Fair Price
FAIR VALUE CALCULATION

FRME Fair Value

Peter Lynch's formula is:

FRME Fair Value
= Earnings Growth Rate x TTM EPS
FRME Fair Value
= 5.49 x 3.58
FRME Fair Value
= 19.67

The earnings growth rate we use in the formula is the average growth rate of net income/earnings over the last 5 years. If the average growth rate is smaller than 5%, we set it to 5%. If it is larger than 25%, we set it to 25%. If the TTM EPS is negative, Peter Lynch Fair Value's result can be unreliable.

Historical Earnings
2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31 5Y Avg
Net income 148.60 205.50 222.10 223.79 201.40 200.28
YoY growth -9.67% 38.29% 8.08% 0.76% -10.00% 5.49%

FRME Fair Value - Key Data

Market Cap (mil) 2,159.22
P/E 10.34x
Forward P/E 9.96x
EPS 3.58
Avg earnings growth rate 5.49%
TTM earnings 208.80