SharesGrow 7-Criteria Score
All 7 criteria scored · valuation-related highlighted on this page
Merchants Bancorp (MBIN) trades at a trailing P/E of 9.7, forward P/E of 9.1. Trailing earnings yield is 10.29%, forward earnings yield 11.04%. PEG 0.23 (Peter Lynch undervalued ≤1.0). Graham Number is $73.01.
Criteria proven by this page:
- VALUE (71/100, Pass) — P/E is below market average (9.7); PEG ≤ 1.0 — Peter Lynch undervalued (0.23); earnings yield beats bond yields (10.29%).
- Forward P/E 9.1 (down from trailing 9.7) — analysts expect earnings to grow, which would improve the valuation.
- PEG Ratio 0.23 — below 1.0 suggests the stock is undervalued relative to its earnings growth rate (Peter Lynch criterion).
- Trailing Earnings Yield 10.29% — exceeds typical bond yields (~4.3%), making equity attractive vs fixed income. Forward yield improves to 11.04% as earnings recover.
- Analyst consensus target $42.00 (-11.6% downside) — slight downside risk — the market may be ahead of analyst expectations.
Overall SharesGrow Score: 64/100 with 4/7 criteria passed.
SharesGrow 7-Criteria Score
✓
VALUE
71/100
Price-to-Earnings & upside
Proven by this page
✗
HEALTH
33/100
Debt-to-Equity & liquidity
→ Health
Valuation Snapshot — MBIN
Valuation Multiples
P/E (TTM)9.7
Forward P/E9.1
PEG Ratio0.23
Forward PEG0.23
P/B Ratio0.93
P/S Ratio1.56
EV/EBITDA22.4
Per Share Data
EPS (TTM)$4.77
Forward EPS (Est.)$5.24
Book Value / Share$49.70
Revenue / Share$29.68
FCF / Share$-3.70
Yields & Fair Value
Earnings Yield10.29%
Forward Earnings Yield11.04%
Dividend Yield0.88%
Graham Number$73.01
SharesGrow IV$124.83 (+162.7%)
Analyst Target$42.00 (-11.6%)
Historical Valuation
| Year |
P/E (TTM) |
PEG Ratio |
P/B Ratio |
P/S Ratio |
Dividend Yield |
| 2016 |
10.7 |
1.20 |
1.72 |
3.65 |
1.75% |
| 2017 |
8.1 |
0.15 |
1.21 |
3.22 |
1.79% |
| 2018 |
9.1 |
-1.07 |
1.36 |
3.09 |
1.78% |
| 2019 |
7.3 |
0.54 |
0.87 |
2.22 |
3.05% |
| 2020 |
4.4 |
0.03 |
0.98 |
1.98 |
2.98% |
| 2021 |
6.0 |
0.25 |
1.18 |
2.95 |
2.29% |
| 2022 |
4.8 |
-0.79 |
0.72 |
1.74 |
3.63% |
| 2023 |
6.6 |
0.25 |
1.08 |
1.55 |
2.64% |
| 2024 |
5.1 |
0.44 |
0.73 |
1.13 |
3.13% |
| 2025 |
7.1 |
-0.18 |
0.69 |
1.14 |
3.80% |
P/E Ratio & Earnings Yield
Earnings Per Share (EPS) History
| Year |
EPS (Diluted) |
Revenue |
Net Income |
Net Margin |
| 2016 |
$0.98 |
$97.19M |
$33.13M |
34.1% |
| 2017 |
$1.52 |
$137.97M |
$54.68M |
39.6% |
| 2018 |
$1.38 |
$185.53M |
$62.87M |
33.9% |
| 2019 |
$1.58 |
$254.55M |
$77.33M |
30.4% |
| 2020 |
$3.85 |
$401.18M |
$180.53M |
45% |
| 2021 |
$4.76 |
$461.56M |
$227.1M |
49.2% |
| 2022 |
$4.47 |
$602.07M |
$219.72M |
36.5% |
| 2023 |
$5.64 |
$1.19B |
$279.23M |
23.5% |
| 2024 |
$6.30 |
$1.45B |
$320.39M |
22.1% |
| 2025 |
$3.78 |
$1.37B |
$218.77M |
16% |
Analyst Estimates
| Year |
EPS (Avg) |
EPS Range |
Revenue (Avg) |
Revenue Range |
Analysts |
| 2026 |
$5.24 |
$5.05 – $5.35 |
$728.16M |
$718.54M – $744.68M |
2 |
| 2027 |
$5.75 |
$5.34 – $6.22 |
$755.29M |
$750.41M – $763.46M |
2 |
| 2028 |
$6.31 |
$6.23 – $6.45 |
$804.14M |
$789.58M – $818.71M |
1 |
