Intrinsiqs

Is First Merchants Corporation overvalued?

First Merchants Corporation (FRME) looks undervalued — trading about 28% below its fair value.

Undervalued
Current price $40.90 Fair value $52.40
Price
$40.90
Fair value
$52.40
Current P/E
10.3
Normal P/E
13.2
Market cap
$2.56B
Dividend yield
3.6%
Return on equity
7.5%
Sector
Financial Services

See the full interactive analysis →

Fair value compares FRME's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 12 Nov 2026.

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