Merchants Bancorp price to book ratio MBIN

Market value divided by the book value of the company's net assets, since 2017.

Today, Oct 23, 2026: 0.9×
9-year median: 1.0×
Against its 9-year history: 45th; percentile: 0 is its lowest day, 100 its highest
9-year range: 0.6× to 2.7×
Peer median: 1.4×

Merchants Bancorp's price to book ratio is 0.9× as of Oct 23, 2026.

That is below its 9-year median of 1.0×, close to the middle of its last 9 years.

Over that time it ranged from 0.6× in Apr 2020 to 2.7× in Mar 2018.

The median for 10 regional banks of a similar size is 1.4×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	0.9×	0.7×	1.1×
2025	0.7×	0.6×	1.0×
2024	0.9×	0.9×	1.3×
2023	1.1×	0.6×	1.1×
2022	0.7×	0.7×	1.3×
2021	1.2×	1.0×	1.6×
2020	1.0×	0.6×	1.1×
2019	0.9×	0.8×	1.6×
2018	1.4×	1.4×	2.7×
2017	2.3×	2.3×	2.4×

Against its peers

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

Company	Price to book ratio
MBINMerchants Bancorp	0.9×
EFSCEnterprise Financial Services	1.1×
OFGOFG Bancorp	1.5×
BANRBanner	1.2×
SRCE1ST Source	1.6×
HTHHilltop	1.0×
SYBTStock Yards Bancorp	2.0×
BUSEFirst Busey	1.1×
BBTBeacon Financial	1.0×
GABCGerman American Bancorp	1.6×
FBNCFirst Bancorp	1.6×
Peer median	1.4×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

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.