What is Merchants Bancorp (MBIN)'s PEG ratio?

Merchants Bancorp (MBIN) has a PEG ratio of 0.00 (N/A), based on a PE ratio of 9.8 and expected EPS growth of -0.4% (5-Year EPS CAGR).

Is MBIN undervalued based on its PEG ratio?

A PEG below 1.0 is conventionally read as potentially undervalued, 1.0–2.0 as fairly valued, and above 2.0 as potentially overvalued relative to growth. At 0.00, Merchants Bancorp (MBIN) screens as "N/A". PEG is one signal, not investment advice — see the full DCF fair value at evidinvest.com/valuation/MBIN.

Merchants Bancorp (MBIN) PEG Ratio

N/A

PE ratio relative to earnings growth — is the valuation justified?

—

PEG Ratio

Negative EPS growth — PEG not meaningful when earnings are declining

PEG ratio is generally unreliable for Financial Services companies — earnings are driven by interest margins and provisions

PEG ratio is generally unreliable for Financial Services companies

—

Growth Rate Source

Good Data Quality5-Year EPS CAGR

Current Price

$48.82

TTM EPS

$4.98

P/E Ratio

9.80

Growth Rate

-0.4%

5-Year EPS CAGR

Sector

Financial Services

Banks - Regional

Calculated

8/18/2026

9:41:23 AM

PEG Ratio Unavailable

Negative Growth — PEG not meaningful

Peer Comparison

Sample Size

4 peers

Industry Median PEG

1.37

25th Percentile

1.07

75th Percentile

5.37

Symbol	Company	PEG	P/E	Growth	vs MBIN
BFST	Business First Bancshares, Inc.	0.98	10.9	11.1%	—
SMBK	SmartFinancial, Inc.	1.07	14.0	13.1%	—
FMBH	First Mid Bancshares, Inc.	1.67	12.0	7.2%	—
RBB	RBB Bancorp	5.37	11.2	2.1%	—

How to Interpret PEG Ratio

PEG < 1.0 — Potentially Undervalued. The stock may be priced below its earnings growth rate, suggesting a potential buying opportunity.

PEG 1.0–2.0 — Fairly Valued. The stock price is roughly in line with its earnings growth. A PEG of 1.0 is often considered "fair value."

PEG > 2.0 — Potentially Overvalued. The stock may be priced above what its earnings growth justifies.

Limitations:PEG ratios are less reliable for financial firms (earnings driven by interest margins), companies with negative/zero earnings growth, and hypergrowth companies (>100% growth) where the ratio may appear misleadingly low. Always use PEG alongside other valuation metrics.

Merchants Bancorp (MBIN) PEG Ratio

Peer Comparison

How to Interpret PEG Ratio

More on MBIN

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Merchants Bancorp (MBIN) PEG Ratio

Peer Comparison

How to Interpret PEG Ratio

More on MBIN

Compare with peers

Explore