First Mid Bancshares, Inc. (FMBH) P/E Ratio History
Historical price-to-earnings valuation from 2000 to 2025
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FMBH Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, First Mid Bancshares, Inc. (FMBH) trades at a price-to-earnings ratio of 11.5x, with a stock price of $43.94 and trailing twelve-month earnings per share of $3.82.
The current P/E is roughly in line with its 5-year average of 11.1x. Over the past five years, FMBH's P/E has ranged from a low of 6.7x to a high of 18.8x, placing the current valuation at the 75th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.2x, FMBH is roughly in line with its sector peers. The sector includes 775 companies with P/E ratios ranging from 0.0x to 197.4x.
The PEG ratio of 1.58 (P/E divided by 16% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, FMBH trades at a notable discount to the S&P 500 median P/E of 24.9x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our FMBH DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
FMBH P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $900M | 9.5Lowest | 0.63Best | +11% | |
| $3B | 19.8 | 2.67 | +12% | |
| $2B | 12.1 | 0.83 | +12% | |
| $335M | 12.7 | - | +35%Best | |
| $2B | 13.7 | 1.95 | +13% | |
| $4B | 17.5 | 1.80 | +2% | |
| $5B | 20.7 | 3.97 | +12% | |
| $4B | 10.3 | 0.74 | +32% | |
| $711M | 10.6 | 2.01 | +3% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
FMBH Historical P/E Data (2000–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $39.00 | $3.84 | 10.2x | -26% |
| FY2025 Q3 | $37.88 | $3.65 | 10.4x | -24% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $37.49 | $3.52 | 10.7x | -22% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $34.90 | $3.36 | 10.4x | -24% |
| FY2024 Q4 | $36.82 | $3.29 | 11.2x | -18% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $38.91 | $3.25 | 12.0x | -13% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $32.88 | $3.12 | 10.5x | -23% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $32.68 | $3.10 | 10.5x | -23% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $34.66 | $3.17 | 10.9x | -20% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $26.56 | $3.41 | 7.8x | -43% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $24.14 | $3.61 | 6.7x | -51% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $27.22 | $3.67 | 7.4x | -46% |
Average P/E for displayed period: 13.7x
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Start ComparisonFMBH — Frequently Asked Questions
Quick answers to the most common questions about buying FMBH stock.
Is FMBH stock overvalued or undervalued?
FMBH trades at 11.5x P/E, near its 5-year average of 11.1x. The 75th percentile ranking places valuation within normal historical bounds.
How does FMBH's valuation compare to peers?
First Mid Bancshares, Inc. P/E of 11.5x compares to sector median of 13.2x. The discount suggests lower growth expectations or higher risk.
What is FMBH's PEG ratio?
FMBH PEG ratio is 1.58. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 2000-2025.