As of 2025-07-04, the Relative Valuation of First Merchants Corp (FRME) is 49.92 USD. This relative valuation is based on P/E multiples. With the latest stock price at 40.33 USD, the upside of First Merchants Corp based on Relative Valuation is 23.8%.
The range of the Relative Valuation is 44.16 - 53.50 USD.
| Range | Selected | |
| Trailing P/E multiples | 13.3x - 14.9x | 14.8x |
| Forward P/E multiples | 11.9x - 12.8x | 12.6x |
| Fair Price | 44.16 - 53.50 | 49.92 |
| Upside | 9.5% - 32.7% | 23.8% |
| Date | P/E |
| 2025-06-27 | 10.79 |
| 2025-06-26 | 10.62 |
| 2025-06-25 | 10.37 |
| 2025-06-24 | 10.40 |
| 2025-06-23 | 10.36 |
| 2025-06-20 | 10.03 |
| 2025-06-18 | 9.98 |
| 2025-06-17 | 9.88 |
| 2025-06-16 | 9.97 |
| 2025-06-13 | 10.05 |
| 2025-06-12 | 10.34 |
| 2025-06-11 | 10.42 |
| 2025-06-10 | 10.55 |
| 2025-06-09 | 10.40 |
| 2025-06-06 | 10.32 |
| 2025-06-05 | 10.21 |
| 2025-06-04 | 10.28 |
| 2025-06-03 | 10.54 |
| 2025-06-02 | 10.39 |
| 2025-05-30 | 10.53 |
| 2025-05-29 | 10.58 |
| 2025-05-28 | 10.49 |
| 2025-05-27 | 10.70 |
| 2025-05-23 | 10.43 |
| 2025-05-22 | 10.51 |
| 2025-05-21 | 10.54 |
| 2025-05-20 | 10.94 |
| 2025-05-19 | 10.99 |
| 2025-05-16 | 10.94 |
| 2025-05-15 | 10.97 |
| 2025-05-14 | 10.91 |
| 2025-05-13 | 10.99 |
| 2025-05-12 | 10.95 |
| 2025-05-09 | 10.54 |
| 2025-05-08 | 10.60 |
| 2025-05-07 | 10.38 |
| 2025-05-06 | 10.28 |
| 2025-05-05 | 10.34 |
| 2025-05-02 | 10.34 |
| 2025-05-01 | 10.03 |
| 2025-04-30 | 9.95 |
| 2025-04-29 | 10.03 |
| 2025-04-28 | 9.94 |
| 2025-04-25 | 9.93 |
| 2025-04-24 | 10.19 |
| 2025-04-23 | 10.31 |
| 2025-04-22 | 10.12 |
| 2025-04-21 | 9.75 |
| 2025-04-17 | 9.92 |
| 2025-04-16 | 9.90 |