Midland States Bancorp, Inc. (MSBI) P/E Ratio History
Historical price-to-earnings valuation from 2016 to 2025
Loading P/E history...
MSBI Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Midland States Bancorp, Inc. (MSBI) trades at a price-to-earnings ratio of -4.6x, with a stock price of $28.34 and trailing twelve-month earnings per share of $-5.69.
The current P/E is 149% below its 5-year average of 9.5x. Over the past five years, MSBI's P/E has ranged from a low of 4.9x to a high of 20.8x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.1x, MSBI trades at a 135% discount to its sector peers. The sector includes 775 companies with P/E ratios ranging from 0.0x to 195.8x.
Relative to the broader market, MSBI trades at a notable discount to the S&P 500 median P/E of 25.1x. 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 MSBI 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.
MSBI P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $898M | 9.5 | 0.63 | +11% | |
| $4B | 10.3 | 0.74 | +32%Best | |
| $699M | 10.4 | 1.97 | +3% | |
| $2B | 13.5 | 1.92 | +13% | |
| $4B | 17.6 | 1.81 | +2% | |
| $5B | 20.8 | 3.98 | +12% | |
| $473M | 9.4Lowest | 0.37Best | +17% | |
| $908M | 12.1 | 0.95 | +22% | |
| $1B | 14.4 | 2.97 | +6% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
MSBI Historical P/E Data (2016–2025)
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 | $21.17 | $1.02 | 20.8x | +41% |
| FY2025 Q3 | $17.14 | $1.11 | 15.4x | +5% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $17.32 | $1.61 | 10.8x | -27% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $17.12 | $2.22 | 7.7x | -47% |
| FY2024 Q4 | $24.40 | $2.57 | 9.5x | -35% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $22.38 | $2.91 | 7.7x | -48% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $22.65 | $2.58 | 8.8x | -40% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $25.13 | $2.38 | 10.6x | -28% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $27.56 | $2.32 | 11.9x | -19% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $20.54 | $3.43 | 6.0x | -59% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $19.91 | $4.06 | 4.9x | -67% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $21.42 | $4.17 | 5.1x | -65% |
Average P/E for displayed period: 14.7x
See MSBI's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs MSBI Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare MSBI vs BRK-A
Side-by-side business, growth, and profitability comparison vs Berkshire Hathaway Inc..
Start ComparisonMSBI — Frequently Asked Questions
Quick answers to the most common questions about buying MSBI stock.
Is MSBI stock overvalued or undervalued?
MSBI trades at -4.6x P/E, below its 5-year average of 9.5x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does MSBI's valuation compare to peers?
Midland States Bancorp, Inc. P/E of -4.6x compares to sector median of 13.1x. The discount suggests lower growth expectations or higher risk.
What is MSBI's PEG ratio?
MSBI PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2016-2025.