As of 2025-10-26, the Relative Valuation of First Merchants Corp (FRME) is 38.79 USD. This relative valuation is based on P/E multiples. With the latest stock price at 37.27 USD, the upside of First Merchants Corp based on Relative Valuation is 4.1%.
The range of the Relative Valuation is 38.23 - 39.07 USD.
| Range | Selected | |
| Trailing P/E multiples | - | - |
| Forward P/E multiples | 10.9x - 11.2x | 11.1x |
| Fair Price | 38.23 - 39.07 | 38.79 |
| Upside | 2.6% - 4.8% | 4.1% |
| Date | P/E |