As of 2025-09-18, the Relative Valuation of First Merchants Corp (FRME) is 54.20 USD. This relative valuation is based on P/E multiples. With the latest stock price at 39.85 USD, the upside of First Merchants Corp based on Relative Valuation is 36.0%.
The range of the Relative Valuation is 45.64 - 65.14 USD.
| Range | Selected | |
| Trailing P/E multiples | 13.3x - 16.7x | 15.0x |
| Forward P/E multiples | 12.7x - 14.4x | 13.8x |
| Fair Price | 45.64 - 65.14 | 54.20 |
| Upside | 14.5% - 63.5% | 36.0% |
| Date | P/E |
| 2025-09-10 | 10.29 |
| 2025-09-09 | 10.29 |
| 2025-09-08 | 10.46 |
| 2025-09-05 | 10.49 |
| 2025-09-04 | 10.71 |
| 2025-09-03 | 10.53 |
| 2025-09-02 | 10.55 |
| 2025-08-29 | 10.62 |
| 2025-08-28 | 10.65 |
| 2025-08-27 | 10.69 |
| 2025-08-26 | 10.59 |
| 2025-08-25 | 10.50 |
| 2025-08-22 | 10.68 |
| 2025-08-21 | 10.15 |
| 2025-08-20 | 10.10 |
| 2025-08-19 | 10.07 |
| 2025-08-18 | 9.97 |
| 2025-08-15 | 9.94 |
| 2025-08-14 | 10.11 |
| 2025-08-13 | 10.10 |
| 2025-08-12 | 9.94 |
| 2025-08-11 | 9.58 |
| 2025-08-08 | 9.61 |
| 2025-08-07 | 9.48 |
| 2025-08-06 | 9.58 |
| 2025-08-05 | 9.64 |
| 2025-08-04 | 9.59 |
| 2025-08-01 | 9.49 |
| 2025-07-31 | 9.75 |
| 2025-07-30 | 9.89 |
| 2025-07-29 | 10.14 |
| 2025-07-28 | 10.24 |
| 2025-07-25 | 10.18 |
| 2025-07-24 | 10.16 |
| 2025-07-23 | 10.55 |
| 2025-07-22 | 10.61 |
| 2025-07-21 | 10.46 |
| 2025-07-18 | 10.39 |
| 2025-07-17 | 10.41 |
| 2025-07-16 | 10.34 |
| 2025-07-15 | 10.27 |
| 2025-07-14 | 10.67 |
| 2025-07-11 | 10.48 |
| 2025-07-10 | 10.64 |
| 2025-07-09 | 10.53 |
| 2025-07-08 | 10.44 |
| 2025-07-07 | 10.30 |
| 2025-07-03 | 10.42 |
| 2025-07-02 | 10.32 |
| 2025-07-01 | 10.17 |