Farmers & Merchants Bancorp Inc.

FMAO Financial Banks Regional

Farmers & Merchants Bancorp Inc.’s revenue for fiscal 2025 (year ended December 2025) was $190.7 million, up 6.41% from fiscal 2024.

Revenue
+6.18%
EPS
+32.5%
Free cash flow
+36.0%
Total debt
−10.6%

Quarter to September 2026, against a year earlier

36.16 0.21 −0.58%
Market cap
$500.5M
P/E
11.6×
Fwd P/E
11.3×
Dividend yield
2.56%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Farmers & Merchants Bancorp Inc. (FMAO) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Farmers & Merchants Bancorp Inc. (FMAO) trades at a P/E ratio of 11.6×. Over the past ten years it has ranged from 7.8× (May 2023) to 32.8× (September 2017); the current reading is higher than 20% of that period. That is in line with the Banks Regional industry median of 12.0× and in line with the Financial sector median of 12.2×.

P/E ratio, daily

Embed this chart

Annual newest first

Period P/E ratio Change
FY2025 10.2× (34.10%)
FY2024 15.5× 8.58%
FY2023 14.3× 34.29%
FY2022 10.6× (35.24%)
FY2021 16.4× 28.46%
FY2020 12.8× (29.65%)
FY2019 18.2× (24.03%)
FY2018 23.9× (17.68%)
FY2017 29.0× 109.92%
FY2016 13.8× 15.20%

Quarterly newest first

Period P/E ratio Change
Sep 2026 11.1× 5.66%
Jun 2026 10.5× 6.85%
Mar 2026 9.8× (3.72%)
Dec 2025 10.2× (5.24%)
43 more quarters

Against its own ten years

Low 7.8× High 32.8×
Ten-year median 13.1×
Current reading's percentile 22

P/E ratio against peers

Company P/E ratio
NRIM Northrim BanCorp Inc compare 9.4×
HBCP Home Bancorp, Inc. compare 10.6×
PBAM Private Bancorp of America, Inc. compare 10.8×
OBT Orange County Bancorp, Inc. compare 11.2×
PDLB Ponce Financial Group, Inc. compare 11.3×
FRBA First Bank compare 11.6×
FMAO Farmers & Merchants Bancorp Inc. 11.6×
WTBA West Bancorporation, Inc. compare 12.9×
CZNC Citizens & Northern Corp compare 19.2×
Banks Regional industry median 12.0×
Financial sector median 12.2×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

More on FMAO