Merchants Bancorp PE ratio MBIN

Share price divided by earnings per share over the last twelve months, since 2018.

Today, Oct 23, 2026: 9.8×
8-year median: 6.7×
Against its 8-year history: 84th; percentile: 0 is its lowest day, 100 its highest
8-year range: 4.8× to 13.5×
Peer median: 13.0×

Merchants Bancorp's PE ratio is 9.8× as of Oct 23, 2026: a share price of $48.97 against $4.98 of earnings per share over the last twelve months.

That is above its 8-year median of 6.7×, higher than on 84% of days in the last 8 years.

Over that time it ranged from 4.8× in Aug 2021 to 13.5× in Jul 2026.

The median for 10 regional banks of a similar size is 13.0×.

PE ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	9.8×	7.6×	13.5×
2025	7.8×	5.0×	8.3×
2024	6.0×	5.5×	8.6×
2023	8.2×	5.0×	8.2×
2022	5.4×	4.8×	6.7×
2021	6.4×	4.8×	8.2×
2020	5.8×	5.3×	10.8×
2019	9.9×	8.0×	11.5×
2018	8.8×	8.4×	12.6×

Against its peers

Companies in Banks - Regional nearest Merchants Bancorp's size, closest first, today.

Company	PE ratio
MBINMerchants Bancorp	9.8×
EFSCEnterprise Financial Services	12.2×
OFGOFG Bancorp	10.1×
BANRBanner	11.6×
SRCE1ST Source	12.0×
HTHHilltop	13.5×
SYBTStock Yards Bancorp	15.6×
BUSEFirst Busey	12.5×
BBTBeacon Financial	15.5×
GABCGerman American Bancorp	13.4×
FBNCFirst Bancorp	20.0×
Peer median	13.0×

Where Merchants Bancorp ranks

What the PE ratio tells you

Share price divided by earnings per share over the last twelve months. It is the price tag on a dollar of profit: 20× means you pay $20 for $1 of yearly earnings.

Blank while earnings are negative. A very low PE can mean the market expects profits to fall, so read it with growth and the company's own history.

More on Merchants Bancorp

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.