As of 2026-05-12, the Relative Valuation of First Merchants Corp (FRME) is 45.72 USD. This relative valuation is based on P/E multiples. With the latest stock price at 39.91 USD, the upside of First Merchants Corp based on Relative Valuation is 14.6%.
The range of the Relative Valuation is 39.37 - 57.18 USD.
| Range | Selected | |
| Trailing P/E multiples | 12.5x - 14.8x | 13.6x |
| Forward P/E multiples | 11.3x - 14.4x | 12.4x |
| Fair Price | 39.37 - 57.18 | 45.72 |
| Upside | -1.4% - 43.3% | 14.6% |
| Date | P/E |
| 2026-05-11 | 12.71 |
| 2026-05-08 | 12.87 |
| 2026-05-07 | 12.90 |
| 2026-05-06 | 12.97 |
| 2026-05-05 | 12.92 |
| 2026-05-04 | 12.75 |
| 2026-05-01 | 12.88 |
| 2026-04-30 | 12.88 |
| 2026-04-29 | 12.68 |
| 2026-04-28 | 12.89 |
| 2026-04-27 | 12.84 |
| 2026-04-24 | 12.61 |
| 2026-04-23 | 12.65 |
| 2026-04-22 | 12.86 |
| 2026-04-21 | 12.86 |
| 2026-04-20 | 13.13 |
| 2026-04-17 | 13.10 |
| 2026-04-16 | 12.77 |
| 2026-04-15 | 12.91 |
| 2026-04-14 | 13.02 |
| 2026-04-13 | 13.10 |
| 2026-04-10 | 13.08 |
| 2026-04-09 | 13.21 |
| 2026-04-08 | 13.01 |
| 2026-04-07 | 12.74 |
| 2026-04-06 | 12.73 |
| 2026-04-02 | 12.56 |
| 2026-04-01 | 12.53 |
| 2026-03-31 | 12.34 |
| 2026-03-30 | 12.15 |
| 2026-03-27 | 12.06 |
| 2026-03-26 | 12.19 |
| 2026-03-25 | 12.16 |
| 2026-03-24 | 12.10 |
| 2026-03-23 | 12.06 |
| 2026-03-20 | 11.65 |
| 2026-03-19 | 11.66 |
| 2026-03-18 | 11.61 |
| 2026-03-17 | 11.68 |
| 2026-03-16 | 11.71 |
| 2026-03-13 | 11.60 |
| 2026-03-12 | 11.64 |
| 2026-03-11 | 11.77 |
| 2026-03-10 | 11.91 |
| 2026-03-09 | 11.76 |
| 2026-03-06 | 11.96 |
| 2026-03-05 | 12.28 |
| 2026-03-04 | 12.41 |
| 2026-03-03 | 12.46 |
| 2026-03-02 | 12.53 |