Last 47 quarters of trend data · Financial Services · Banks - Regional
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 10.41 | 8.89 | 9.17 | 8.70 | 9.77 | 11.29 | 11.72 | 12.07 | 14.40 | 13.82 | 14.29 | 15.12 | 12.52 | 12.79 | 12.67 | 12.82 | 9.88 | 13.17 | 14.58 | 13.91 | 10.57 |
| — | -21.2% | -21.8% | -27.9% | -32.2% | -18.3% | -18.0% | -20.2% | +15.0% | +8.1% | +12.8% | +17.9% | +26.8% | -2.9% | -13.1% | -7.8% | -6.5% | +8.6% | +2.0% | +45.2% | -15.5% | |
| P/S Ratio | 4.08 | 3.10 | 2.77 | 2.68 | 2.80 | 2.92 | 2.96 | 3.84 | 3.77 | 3.20 | 3.26 | 3.67 | 2.67 | 3.18 | 3.28 | 3.54 | 3.39 | 4.32 | 4.96 | 4.45 | 2.85 |
| — | +6.2% | -6.3% | -30.2% | -25.6% | -8.7% | -9.2% | +4.8% | +41.0% | +0.7% | -0.6% | +3.6% | -21.2% | -26.4% | -33.9% | -20.5% | +19.0% | +37.6% | +39.3% | +47.3% | -0.6% | |
| P/B Ratio | 1.31 | 1.10 | 0.94 | 0.92 | 0.94 | 0.98 | 0.94 | 1.20 | 1.12 | 0.98 | 0.96 | 1.07 | 0.79 | 1.01 | 1.08 | 1.24 | 1.24 | 1.53 | 1.63 | 1.44 | 0.98 |
| — | +12.3% | +0.2% | -23.6% | -16.1% | -0.9% | -2.0% | +12.4% | +41.3% | -2.3% | -11.4% | -13.7% | -36.5% | -34.2% | -33.8% | -13.9% | +27.2% | +58.3% | +44.5% | +39.7% | +7.5% | |
| P/FCF | 14.11 | 9.20 | 12.67 | 6.15 | 7.89 | 222.30 | 7.62 | 53.62 | 5.11 | 8.68 | 60.27 | 9.80 | 39.28 | 190.84 | 128.55 | 5.19 | — | 7.68 | 15.72 | 15.48 | 4.51 |
| — | -95.9% | +66.2% | -88.5% | +54.5% | +2461.6% | -87.4% | +447.3% | -87.0% | -95.5% | -53.1% | +88.7% | — | +2385.4% | +717.8% | -66.5% | — | -24.8% | +37.9% | +142.6% | -42.2% | |
| EV / EBITDA | 13.93 | 8.20 | 7.93 | 9.32 | 8.77 | 11.08 | 11.07 | 11.19 | 11.47 | 12.84 | 12.98 | 15.78 | 14.12 | 16.34 | 13.00 | 12.66 | 9.83 | 11.10 | 11.22 | 9.56 | 5.81 |
| — | -26.0% | -28.3% | -16.7% | -23.6% | -13.7% | -14.7% | -29.1% | -18.7% | -21.5% | -0.2% | +24.6% | +43.6% | +47.3% | +15.9% | +32.5% | +69.2% | +92.2% | +60.6% | +83.9% | -26.8% | |
| EV / EBIT | 16.22 | 8.20 | 9.09 | 10.56 | 10.38 | 12.98 | 13.04 | 12.69 | 13.93 | 15.74 | 16.05 | 19.05 | 17.64 | 19.47 | 15.32 | 14.30 | 10.63 | 12.17 | 12.29 | 10.58 | 6.74 |
| — | -36.9% | -30.2% | -16.7% | -25.5% | -17.5% | -18.8% | -33.4% | -21.0% | -19.2% | +4.7% | +33.3% | +65.9% | +60.0% | +24.6% | +35.1% | +57.7% | +72.5% | +43.4% | +83.2% | -29.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.3% | 66.4% | 66.2% | 64.3% | 62.6% | 60.8% | 60.3% | 57.5% | 55.0% | 54.3% | 57.1% | 54.6% | 56.3% | 64.5% | 68.9% | 76.7% | 83.1% | 86.4% | 89.5% | 89.3% | 90.1% |
| — | +9.2% | +9.7% | +11.8% | +13.9% | +11.9% | +5.6% | +5.2% | -2.3% | -15.8% | -17.1% | -28.8% | -32.2% | -25.3% | -23.0% | -14.1% | -7.8% | -3.5% | +6.7% | +7.9% | +12.2% | |
| Operating Margin | 22.5% | 29.1% | 25.8% | 26.4% | 23.5% | 20.6% | 19.7% | 23.2% | 18.0% | 16.0% | 16.2% | 16.6% | 15.1% | 20.1% | 22.8% | 26.9% | 38.6% | 38.3% | 39.1% | 36.6% | 32.1% |
| — | +41.3% | +31.0% | +13.6% | +30.8% | +28.4% | +21.8% | +40.1% | +19.1% | -20.3% | -28.9% | -38.3% | -61.0% | -47.4% | -41.8% | -26.5% | +20.5% | +26.8% | +39.7% | -2.6% | +21.5% | |
| Net Margin | 17.6% | 23.2% | 20.0% | 20.1% | 18.5% | 16.4% | 15.6% | 18.5% | 14.4% | 12.7% | 12.8% | 13.4% | 12.2% | 16.0% | 18.3% | 21.7% | 30.9% | 30.7% | 31.5% | 29.0% | 25.2% |
| — | +42.0% | +28.2% | +8.9% | +28.3% | +28.6% | +22.3% | +38.4% | +18.1% | -20.6% | -30.1% | -38.5% | -60.4% | -47.7% | -42.0% | -25.2% | +22.7% | +28.5% | +36.9% | -0.2% | +23.1% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.4% | 3.1% | 2.6% | 2.7% | 2.5% | 2.2% | 2.0% | 2.5% | 2.0% | 1.8% | 1.7% | 1.8% | 1.6% | 2.0% | 2.1% | 2.5% | 3.2% | 2.9% | 2.8% | 2.8% | 2.3% |
| — | +39.9% | +25.4% | +6.9% | +25.5% | +25.0% | +21.0% | +39.7% | +26.0% | -9.7% | -21.1% | -28.0% | -50.7% | -32.6% | -22.9% | -10.8% | +36.1% | +45.5% | +40.3% | +1.2% | +28.5% | |
| ROA | 1.0% | 0.3% | 0.3% | 0.3% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.2% | 0.2% | 0.2% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% |
| — | +47.5% | +34.4% | +15.6% | +35.4% | +33.2% | +26.2% | +45.9% | +29.7% | -10.9% | -23.2% | -31.4% | -54.4% | -37.5% | -30.2% | -21.6% | +21.5% | +28.8% | +20.9% | -12.8% | +10.5% | |
| ROIC | 4.9% | 1.8% | 1.4% | 1.5% | 1.4% | 1.2% | 1.0% | 1.2% | 0.9% | 0.8% | 0.8% | 0.8% | 0.7% | 0.9% | 1.1% | 1.3% | 1.8% | 1.8% | 1.8% | 1.9% | 1.8% |
| — | +53.0% | +38.7% | +24.3% | +50.3% | +39.2% | +27.9% | +50.3% | +35.5% | -12.0% | -30.4% | -39.2% | -62.8% | -48.3% | -36.5% | -30.6% | +3.3% | +14.9% | +18.7% | -14.6% | +21.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.81 | 0.57 | 0.71 | 0.81 | 0.68 | 0.72 | 0.89 | 0.92 | 0.97 | 1.02 | 1.01 | 1.04 | 1.09 | 1.16 | 0.75 | 0.76 | 0.72 | 0.53 | 0.45 | 0.43 | 0.32 |
| — | -20.7% | -19.9% | -12.0% | -30.0% | -29.7% | -11.3% | -11.5% | -11.3% | -12.3% | +34.1% | +36.8% | +51.5% | +118.3% | +66.9% | +76.5% | +124.5% | +178.6% | +131.7% | +122.8% | +64.5% | |
| Debt / EBITDA | 6.06 | 14.78 | 19.00 | 20.63 | 18.47 | 22.08 | 29.81 | 25.81 | 33.02 | 37.37 | 38.13 | 39.60 | 44.98 | 39.34 | 24.18 | 22.54 | 16.71 | 13.17 | 11.69 | 11.93 | 9.36 |
| — | -33.1% | -36.3% | -20.0% | -44.1% | -40.9% | -21.8% | -34.8% | -26.6% | -5.0% | +57.7% | +75.7% | +169.2% | +198.6% | +106.8% | +89.0% | +78.5% | +112.4% | +78.7% | +141.3% | +35.0% | |
| Current Ratio | 0.11 | 11.41 | 0.13 | 0.11 | 0.10 | 0.09 | 0.13 | 0.22 | 0.24 | 0.21 | 0.20 | 0.19 | 0.19 | 0.17 | 0.17 | 0.19 | 0.20 | 0.21 | 0.22 | 0.26 | 0.29 |
| — | +12263.4% | -5.8% | -49.8% | -58.9% | -56.1% | -33.8% | +16.8% | +24.5% | +21.4% | +17.9% | +1.3% | -3.3% | -15.8% | -23.6% | -26.8% | -31.1% | -24.9% | -18.5% | +2.8% | +46.3% | |
| Quick Ratio | 0.11 | 11.41 | 0.13 | 0.11 | 0.10 | 0.09 | 0.13 | 0.22 | 0.24 | 0.21 | 0.20 | 0.19 | 0.19 | 0.17 | 0.17 | 0.19 | 0.20 | 0.21 | 0.22 | 0.26 | 0.29 |
| — | +12263.4% | -5.8% | -49.8% | -58.9% | -56.1% | -33.8% | +16.8% | +24.5% | +21.4% | +17.9% | +1.3% | -3.3% | -15.8% | -23.6% | -26.8% | -31.1% | -24.9% | -18.5% | +2.8% | +46.3% | |
| Interest Coverage | 0.61 | 0.88 | 0.78 | 0.76 | 0.64 | 0.55 | 0.51 | 0.55 | 0.40 | 0.36 | 0.37 | 0.37 | 0.35 | 0.57 | 0.80 | 1.28 | 3.43 | 5.04 | 4.75 | 4.05 | 4.51 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying FMAO stock.
Farmers & Merchants Bancorp, Inc.'s current P/E is 10.4x. The average P/E over the last 4 quarters is 9.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Farmers & Merchants Bancorp, Inc.'s current operating margin is 22.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Farmers & Merchants Bancorp, Inc.'s business trajectory between earnings reports.