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What is Farmers and Merchants Bancshares EV-to-OCF?
Farmers and Merchants BancsharesFMBN 54 EV-to-OCF is 74.45 as of Aug. 11, 2026, which is 64% above its 10-year median of 45.33. GuruFocus rates FMBN with a GF Score™ of 54/100 and a GF Value™ of $24.00 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,499 Banks companies, Farmers and Merchants Bancshares ranks worse than 96.93% on this metric.
The historical rank and industry rank for Farmers and Merchants Bancshares's EV-to-OCF or its related term are showing as below:
FMBN'
s EV-to-OCF Range Over the Past 10 Years
Min: 9.8 Med: 45.33 Max: 144.06
Current: 74.45
During the past 11 years, the highest EV-to-OCF of Farmers and Merchants Bancshares was 144.06. The lowest was 9.80. And the median was 45.33.
FMBN's EV-to-OCF is ranked worse than 96.93% of 1499
companies
in the Banks industry
Industry Median: 4.08
vs FMBN: 74.45
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Farmers and Merchants Bancshares (OTCPK:FMBN) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Farmers and Merchants Bancshares's PE Ratio (TTM) for today is calculated as:
Farmers and Merchants Bancshares's share price for today is $38.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Farmers and Merchants Bancshares's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.340.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Farmers and Merchants Bancshares EV-to-OCF Related Terms
Farmers and Merchants Bancshares EV-to-OCF 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.
For the Banks - Regional subindustry, Farmers and Merchants Bancshares's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Banks Industry
For the Banks industry and Financial Services sector, Farmers and Merchants Bancshares's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Farmers and Merchants Bancshares's EV-to-OCF falls into.
Farmers and Merchants Bancshares's current Enterprise Value is $137.73 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Farmers and Merchants Bancshares's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $1.85 Mil.
* 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 EV-to-OCF of 74.45 as of Aug. 11, 2026. This is 64% above median its historical median of 45.33. Over the past decade, Farmers and Merchants Bancshares' EV-to-OCF has ranged from 9.80 to 144.06. According to the industry distribution chart, Farmers and Merchants Bancshares ranks #1453 out of 1499 companies in the Banks industry, placing it in the top 96.9%.
Is Farmers and Merchants Bancshares' EV-to-OCF too high?
Farmers and Merchants Bancshares' current EV-to-OCF of 74.45 is 64% above median its 10-year median of 45.33. Over the past 10 years, this metric has ranged from a low of 9.80 to a high of 144.06. The Banks industry median EV-to-OCF is 4.08. Farmers and Merchants Bancshares' value of 74.45 is 1724.8% above this industry median. Based on the distribution chart, Farmers and Merchants Bancshares ranks #1453 out of 1499 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Farmers and Merchants Bancshares has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Farmers and Merchants Bancshares' EV-to-OCF compare to BOTJ and CMHF?
According to the Banks industry distribution chart, Farmers and Merchants Bancshares ranks #1453 out of 1499 companies for EV-to-OCF. This places Farmers and Merchants Bancshares in the lower half of its industry. The industry median EV-to-OCF is 4.08. Farmers and Merchants Bancshares' value of 74.45 is 1724.8% above this benchmark. Historically, Farmers and Merchants Bancshares' own EV-to-OCF has ranged from 9.80 to 144.06 over the past decade. While the company's 10-year median is 45.33 vs. the industry median of 4.08, 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 EV-to-OCF for a Banks company?
The median EV-to-OCF among Banks companies is 4.08, based on 1,499 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Farmers and Merchants Bancshares's current EV-to-OCF of 74.45 is 1724.8% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Banks industry, the median EV-to-OCF is 4.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Farmers and Merchants Bancshares's current EV-to-OCF is 74.45, which is 64% above median its own 10-year median of 45.33. 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 $24.00, compared to a current price of $38.00 — trading 58.3% above its estimated fair value. The current EV-to-OCF is 74.45, which is 64% above median its 10-year median of 45.33 and 1724.8% above the Banks industry median of 4.08. Farmers and Merchants Bancshares' overall GF Score™ is 54/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Farmers and Merchants Bancshares (FMBN), the current EV-to-OCF is 74.45 as of Aug. 11, 2026. 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 $38.00 is trading 58.3% above its estimated GF Value™ of $24.00.
GuruFocus considers Farmers and Merchants Bancshares to be Significantly Overvalued.
Key valuation signals for FMBN:
EV-to-OCF: 74.45 (64% above median its 10-year median of 45.33)
GF Value™: $24.00 vs. price of $38.00 (58.3% above fair value)
Industry Position: 1724.8% above the Banks median (#1453 of 1499)
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 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.
54GF Score
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