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What is Farmers and Merchants Bancshares Debt-to-Equity?
Farmers and Merchants BancsharesFMBN +2.78%52 Debt-to-Equity is 1.32 as of Dec. 2025, which is 222% above its 10-year median of 0.41. GuruFocus rates FMBN with a GF Score™ of 52/100 and a GF Value™ of $24.01 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,418 Banks companies, Farmers and Merchants Bancshares ranks worse than 74.82% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Farmers and Merchants Bancshares's Debt-to-Equity or its related term are showing as below:
FMBN'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.41 Max: 2.32
Current: 1.32
During the past 11 years, the highest Debt-to-Equity Ratio of Farmers and Merchants Bancshares was 2.32. The lowest was 0.07. And the median was 0.41.
FMBN's Debt-to-Equity is ranked worse than 74.82% of 1418
companies
in the Banks industry
Industry Median: 0.57
vs FMBN: 1.32
Farmers and Merchants Bancshares (OTCPK:FMBN) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Farmers and Merchants Bancshares Debt-to-Equity Related Terms
Farmers and Merchants Bancshares Debt-to-Equity Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Farmers and Merchants Bancshares Debt-to-Equity Chart
FMBN vs JDVB, RVSB, FMBM: Debt-to-Equity Comparison
For the Banks - Regional subindustry, Farmers and Merchants Bancshares's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Farmers and Merchants Bancshares Debt-to-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Farmers and Merchants Bancshares's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Farmers and Merchants Bancshares's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Farmers and Merchants Bancshares (FMBN) has a Debt-to-Equity of 1.32 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Farmers and Merchants Bancshares and its competitors. This is 222% above median its historical median of 0.41. Over the past decade, Farmers and Merchants Bancshares' Debt-to-Equity has ranged from 0.07 to 2.32. According to the industry distribution chart, Farmers and Merchants Bancshares ranks #1061 out of 1418 companies in the Banks industry, placing it in the top 74.8%.
Is Farmers and Merchants Bancshares' Debt-to-Equity too high?
Farmers and Merchants Bancshares' current Debt-to-Equity of 1.32 is 222% above median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 2.32. The Banks industry median Debt-to-Equity is 0.57. Farmers and Merchants Bancshares' value of 1.32 is 131.6% above this industry median. Based on the distribution chart, Farmers and Merchants Bancshares ranks #1061 out of 1418 companies in the Banks industry, which is below the industry midpoint. Overall, Farmers and Merchants Bancshares has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Farmers and Merchants Bancshares' Debt-to-Equity compare to JDVB and RVSB?
According to the Banks industry distribution chart, Farmers and Merchants Bancshares ranks #1061 out of 1418 companies for Debt-to-Equity. This places Farmers and Merchants Bancshares in the lower half of its industry. The industry median Debt-to-Equity is 0.57. Farmers and Merchants Bancshares' value of 1.32 is 131.6% above this benchmark. Historically, Farmers and Merchants Bancshares' own Debt-to-Equity has ranged from 0.07 to 2.32 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 0.57, Farmers and Merchants Bancshares has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Banks company?
The median Debt-to-Equity among Banks companies is 0.57, based on 1,418 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Farmers and Merchants Bancshares's current Debt-to-Equity of 1.32 is 131.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Farmers and Merchants Bancshares and its competitors. For the Banks industry, the median Debt-to-Equity is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Farmers and Merchants Bancshares's current Debt-to-Equity is 1.32, which is 222% above median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Farmers and Merchants Bancshares stock overvalued right now?
Based on GuruFocus' analysis, Farmers and Merchants Bancshares (FMBN) is currently considered Significantly Overvalued. The stock's GF Value™ is $24.01, compared to a current price of $37.00 — trading 54.1% above its estimated fair value. The current Debt-to-Equity is 1.32, which is 222% above median its 10-year median of 0.41 and 131.6% above the Banks industry median of 0.57. Farmers and Merchants Bancshares' overall GF Score™ is 52/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Farmers and Merchants Bancshares (FMBN), the current Debt-to-Equity is 1.32 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Farmers and Merchants Bancshares (FMBN) Overvalued in 2026?
Based on GuruFocus' analysis, Farmers and Merchants Bancshares stock appears to be overvalued.
The current stock price of $37.00 is trading 54.1% above its estimated GF Value™ of $24.01.
GuruFocus considers Farmers and Merchants Bancshares to be Significantly Overvalued.
Key valuation signals for FMBN:
Debt-to-Equity: 1.32 (222% above median its 10-year median of 0.41)
GF Value™: $24.01 vs. price of $37.00 (54.1% above fair value)
Industry Position: 131.6% above the Banks median (#1061 of 1418)
No single metric tells the full story. See the FMBN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Farmers and Merchants Bancshares Business Description
Farmers and Merchants Bancshares Inc is a bank holding company. The company provides financial services through its offices in the greater Burlington, Iowa area. Its primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are residential mortgage, agricultural, commercial and installment loans.
52GF Score
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