Midland States Bancorp, Inc. (MSBI) P/E Ratio History
Fairly ValuedTrading at 11.5x, near 5Y avg of 10.3x · 65th percentile · In line with own history · Data 2016–2026
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P/E Ratio Analysis
As of November 8, 2026, Midland States Bancorp, Inc. (MSBI) trades at a price-to-earnings ratio of 11.5x, with a stock price of $31.72 and trailing twelve-month earnings per share of $2.76.
The current P/E is 12% above its 5-year average of 10.3x. Over the past five years, MSBI's P/E has ranged from a low of 4.9x to a high of 19.5x, placing the current valuation at the 65th percentile of its historical range.
Compared to the Financial Services sector median P/E of 12.1x, MSBI is roughly in line with its sector peers. The sector includes 763 companies with P/E ratios ranging from 0.0x to 190.1x.
Relative to the broader market, MSBI trades at a notable discount to the S&P 500 median P/E of 21.8x. 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 Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
MSBI P/E vs Peers
Small-Cap Community Banks peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $1B | 11.0 | 0.73 | +11% | |
| $5B | 11.1 | 0.79 | +32%Best | |
| $748M | 11.3 | 2.14 | +3% | |
| $3B | 12.7 | 1.80 | +13% | |
| $4B | 15.3 | 0.81 | +11% | |
| $4B | 15.0 | 3.33 | +13% | |
| $3B | 13.0 | - | -344% | |
| $620M | 10.6Lowest | 0.42Best | +17% | |
| $973M | 10.6 | 0.84 | +22% | |
| $1B | 11.4 | 1.12 | +18% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
MSBI Historical P/E Data (2016–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Sep 30 2026 | $32.16 | $2.31 | 13.9x | -7% |
| FY2026 Q2 | - | $31.14 | $1.60 | 19.5x | +30% |
| FY2026 Q1 | - | $22.31 | $1.21 | 18.4x | +23% |
| FY2024 Q4 | - | $24.40 | $2.57 | 9.5x | -37% |
| FY2024 Q3 | Sep 30 2024 | $22.38 | $2.91 | 7.7x | -49% |
| FY2024 Q2 | Jun 30 2024 | $22.65 | $2.58 | 8.8x | -41% |
| FY2024 Q1 | Mar 31 2024 | $25.13 | $2.38 | 10.6x | -30% |
| FY2023 Q4 | Dec 31 2023 | $27.56 | $2.32 | 11.9x | -21% |
| FY2023 Q3 | Sep 30 2023 | $20.54 | $3.43 | 6.0x | -60% |
| FY2023 Q2 | Jun 30 2023 | $19.91 | $4.06 | 4.9x | -67% |
| FY2023 Q1 | Mar 31 2023 | $21.42 | $4.17 | 5.1x | -66% |
| FY2022 Q4 | Dec 31 2022 | $26.62 | $4.23 | 6.3x | -58% |
| FY2022 Q3 | Sep 30 2022 | $23.57 | $3.95 | 6.0x | -60% |
| FY2022 Q2 | - | $24.04 | $3.77 | 6.4x | -57% |
| FY2022 Q1 | - | $28.86 | $3.68 | 7.8x | -48% |
| FY2021 Q4 | Dec 31 2021 | $24.79 | $3.57 | 6.9x | -54% |
| FY2021 Q3 | - | $24.73 | $2.91 | 8.5x | -43% |
| FY2021 Q2 | Jun 30 2021 | $26.27 | $2.05 | 12.8x | -15% |
| FY2021 Q1 | Mar 31 2021 | $27.74 | $1.70 | 16.3x | +9% |
| FY2020 Q4 | - | $17.87 | $0.95 | 18.8x | +25% |
| FY2020 Q3 | Sep 30 2020 | $12.85 | $1.10 | 11.7x | -22% |
| FY2020 Q2 | - | $14.95 | $1.61 | 9.3x | -38% |
| FY2020 Q1 | - | $17.49 | $1.75 | 10.0x | -33% |
| FY2019 Q4 | - | $28.96 | $2.26 | 12.8x | -15% |
| FY2019 Q3 | Sep 30 2019 | $26.05 | $2.42 | 10.8x | -28% |
| FY2019 Q2 | Jun 30 2019 | $26.72 | $2.26 | 11.8x | -21% |
| FY2019 Q1 | Mar 31 2019 | $24.06 | $2.11 | 11.4x | -24% |
| FY2018 Q4 | Dec 31 2018 | $22.34 | $1.62 | 13.8x | -8% |
| FY2018 Q3 | Sep 30 2018 | $32.10 | $1.05 | 30.6x | +104% |
| FY2018 Q2 | Jun 30 2018 | $34.26 | $0.80 | 42.9x | +186% |
| FY2018 Q1 | Mar 31 2018 | $31.56 | $0.48 | 66.0x | +340% |
| FY2017 Q4 | Dec 31 2017 | $32.48 | $0.92 | 35.4x | +136% |
| FY2017 Q3 | Sep 30 2017 | $31.68 | $1.56 | 20.3x | +35% |
| FY2017 Q2 | Jun 30 2017 | $33.52 | $1.97 | 17.0x | +14% |
| FY2017 Q1 | Mar 31 2017 | $34.39 | $2.27 | 15.1x | +1% |
| FY2016 Q4 | Dec 31 2016 | $36.18 | $2.09 | 17.3x | +15% |
| FY2016 Q3 | Sep 30 2016 | $25.34 | $1.87 | 13.6x | -10% |
| FY2016 Q2 | - | $21.69 | $1.59 | 13.6x | -9% |
Average P/E for displayed period: 15.0x
MSBI Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
MSBI — Frequently Asked Questions
Quick answers to the most common questions about buying MSBI stock.
What is MSBI's P/E ratio?
Midland States Bancorp, Inc. (MSBI) trailing twelve-month P/E ratio is 11.5x, based on TTM diluted EPS of $2.76. The 5-year average P/E is 10.3x and the historical range spans 4.9x to 19.5x.
Is MSBI stock overvalued or undervalued?
MSBI trades at 11.5x P/E, near its 5-year average of 10.3x. The 65th percentile ranking within the 4.9x–19.5x historical range places valuation within normal bounds.
Is MSBI stock expensive?
MSBI is fairly valued relative to its own history. The current P/E of 11.5x is near the 5-year average of 10.3x (65th percentile of historical range).
What is MSBI's historical P/E range?
Over the past 5 years, MSBI's P/E ratio has ranged from 4.9x to 19.5x, with a median of 8.8x and an average of 10.3x. The current P/E of 11.5x places the stock at the 65th percentile of this range. Full historical data spans 2016–2026.
How does MSBI's P/E compare to the S&P 500?
MSBI trades at 11.5x P/E versus the S&P 500 median of 21.8x. The 47% discount to the market suggests lower growth expectations or perceived higher risk.
How does MSBI's valuation compare to Financial Services peers?
Midland States Bancorp, Inc. P/E of 11.5x compares to the Financial Services sector median of 12.1x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is MSBI's PEG ratio?
MSBI PEG ratio is N/A, based on a P/E of 11.5x and EPS growth of -565.2%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is MSBI's earnings yield?
MSBI earnings yield is 8.69%, the inverse of its 11.5x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.