As of 2025-12-28, the Relative Valuation of First Merchants Corp (FRME) is 58.97 USD. This relative valuation is based on P/E multiples. With the latest stock price at 38.35 USD, the upside of First Merchants Corp based on Relative Valuation is 53.8%.
The range of the Relative Valuation is 48.99 - 67.45 USD.
| Range | Selected | |
| Trailing P/E multiples | 13.4x - 16.7x | 15.4x |
| Forward P/E multiples | 12.4x - 15.1x | 14.2x |
| Fair Price | 48.99 - 67.45 | 58.97 |
| Upside | 27.7% - 75.9% | 53.8% |
| Date | P/E |
| 2025-12-22 | 9.59 |
| 2025-12-19 | 9.51 |
| 2025-12-18 | 9.66 |
| 2025-12-17 | 9.64 |
| 2025-12-16 | 9.63 |
| 2025-12-15 | 9.67 |
| 2025-12-12 | 9.62 |
| 2025-12-11 | 9.62 |
| 2025-12-10 | 9.57 |
| 2025-12-09 | 9.19 |
| 2025-12-08 | 9.23 |
| 2025-12-05 | 9.25 |
| 2025-12-04 | 9.32 |
| 2025-12-03 | 9.30 |
| 2025-12-02 | 9.12 |
| 2025-12-01 | 9.21 |
| 2025-11-28 | 9.13 |
| 2025-11-26 | 9.20 |
| 2025-11-25 | 9.22 |
| 2025-11-24 | 9.06 |
| 2025-11-21 | 9.13 |
| 2025-11-20 | 8.75 |
| 2025-11-19 | 8.77 |
| 2025-11-18 | 8.71 |
| 2025-11-17 | 8.67 |
| 2025-11-14 | 8.98 |
| 2025-11-13 | 8.96 |
| 2025-11-12 | 8.89 |
| 2025-11-11 | 9.00 |
| 2025-11-10 | 8.98 |
| 2025-11-07 | 8.93 |
| 2025-11-06 | 8.83 |
| 2025-11-05 | 8.95 |
| 2025-11-04 | 8.84 |
| 2025-11-03 | 8.86 |
| 2025-10-31 | 8.80 |
| 2025-10-30 | 8.86 |
| 2025-10-29 | 8.83 |
| 2025-10-28 | 9.07 |
| 2025-10-27 | 9.11 |
| 2025-10-24 | 9.24 |
| 2025-10-23 | 9.03 |
| 2025-10-22 | 9.08 |
| 2025-10-21 | 9.15 |
| 2025-10-20 | 9.11 |
| 2025-10-17 | 8.85 |
| 2025-10-16 | 8.76 |
| 2025-10-15 | 9.17 |
| 2025-10-14 | 9.34 |
| 2025-10-13 | 9.10 |