As of 2026-03-29, the Relative Valuation of First Merchants Corp (FRME) is 47.11 USD. This relative valuation is based on P/E multiples. With the latest stock price at 37.85 USD, the upside of First Merchants Corp based on Relative Valuation is 24.5%.
The range of the Relative Valuation is 39.65 - 55.90 USD.
| Range | Selected | |
| Trailing P/E multiples | 11.1x - 15.7x | 12.8x |
| Forward P/E multiples | 10.8x - 13.7x | 12.1x |
| Fair Price | 39.65 - 55.90 | 47.11 |
| Upside | 4.7% - 47.7% | 24.5% |
| Date | P/E |
| 2026-03-27 | 10.62 |
| 2026-03-26 | 10.73 |
| 2026-03-25 | 10.71 |
| 2026-03-24 | 10.65 |
| 2026-03-23 | 10.62 |
| 2026-03-20 | 10.25 |
| 2026-03-19 | 10.27 |
| 2026-03-18 | 10.22 |
| 2026-03-17 | 10.29 |
| 2026-03-16 | 10.31 |
| 2026-03-13 | 10.22 |
| 2026-03-12 | 10.25 |
| 2026-03-11 | 10.36 |
| 2026-03-10 | 10.49 |
| 2026-03-09 | 10.36 |
| 2026-03-06 | 10.53 |
| 2026-03-05 | 10.81 |
| 2026-03-04 | 10.93 |
| 2026-03-03 | 10.97 |
| 2026-03-02 | 11.04 |
| 2026-02-27 | 10.96 |
| 2026-02-26 | 11.51 |
| 2026-02-25 | 11.54 |
| 2026-02-24 | 11.33 |
| 2026-02-23 | 11.43 |
| 2026-02-20 | 11.88 |
| 2026-02-19 | 11.80 |
| 2026-02-18 | 11.86 |
| 2026-02-17 | 11.93 |
| 2026-02-13 | 11.79 |
| 2026-02-12 | 11.68 |
| 2026-02-11 | 11.79 |
| 2026-02-10 | 11.72 |
| 2026-02-09 | 11.79 |
| 2026-02-06 | 11.88 |
| 2026-02-05 | 11.74 |
| 2026-02-04 | 11.73 |
| 2026-02-03 | 11.45 |
| 2026-02-02 | 11.47 |
| 2026-01-30 | 11.15 |
| 2026-01-29 | 10.92 |
| 2026-01-28 | 10.62 |
| 2026-01-27 | 10.71 |
| 2026-01-26 | 10.66 |
| 2026-01-23 | 10.68 |
| 2026-01-22 | 11.12 |
| 2026-01-21 | 11.03 |
| 2026-01-20 | 10.57 |
| 2026-01-16 | 10.68 |
| 2026-01-15 | 10.81 |