Is Merchants Bancorp overvalued?

Merchants Bancorp (MBIN) looks overvalued — trading about 46% above its fair value.

Overvalued

Price

$55.12

Fair value

$30.00

Current P/E

13.4

Normal P/E

7.3

Market cap

$2.53B

Dividend yield

0.8%

Return on equity

11.6%

Sector

Financial Services

Fair value compares MBIN's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 11 Aug 2026.

Related stocks