Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Merchants Bancorp's Enterprise Value is $7,012.7 Mil.
Merchants Bancorp's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $-1,086.6 Mil. Therefore, Merchants Bancorp's EV-to-OCF for today is -6.45.
The historical rank and industry rank for Merchants Bancorp's EV-to-OCF or its related term are showing as below:
MBIN'
s EV-to-OCF Range Over the Past 10 Years
Min: -61.58 Med: -2.18 Max: 96.86
Current: -6.45
During the past 11 years, the highest EV-to-OCF of Merchants Bancorp was 96.86. The lowest was -61.58. And the median was -2.18.
MBIN's EV-to-OCF is ranked better than 85.99% of 1499
companies
in the Banks industry
Industry Median: 4.08
vs MBIN: -6.45
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.
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.
Merchants Bancorp's PE Ratio (TTM) for today is calculated as:
Merchants Bancorp's share price for today is $54.28.
Merchants Bancorp's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.980.
* 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.
Merchants Bancorp EV-to-OCF Related Terms
Merchants Bancorp EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Merchants Bancorp's EV-to-OCF can be seen below:
* 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, Merchants Bancorp'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.
Merchants Bancorp EV-to-OCF vs Banks Industry
For the Banks industry and Financial Services sector, Merchants Bancorp's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Merchants Bancorp's EV-to-OCF falls into.
Merchants Bancorp's current Enterprise Value is $7,012.7 Mil.
Merchants Bancorp's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,086.6 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.
Merchants Bancorp (MBIN) has a EV-to-OCF of -6.45 as of Aug. 10, 2026. According to the industry distribution chart, Merchants Bancorp ranks #210 out of 1499 companies in the Banks industry, placing it in the top 14%.
Is Merchants Bancorp's EV-to-OCF too high?
Merchants Bancorp's current EV-to-OCF is -6.45. Based on the distribution chart, Merchants Bancorp ranks #210 out of 1499 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Merchants Bancorp has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merchants Bancorp's EV-to-OCF compare to OFG and BLX?
According to the Banks industry distribution chart, Merchants Bancorp ranks #210 out of 1499 companies for EV-to-OCF. This places Merchants Bancorp in the top 14% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 4.08. 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. 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. Merchants Bancorp's current EV-to-OCF is -6.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merchants Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Merchants Bancorp (MBIN) is currently considered Modestly Overvalued. The stock's GF Value™ is $44.20, compared to a current price of $54.28 — trading 22.8% above its estimated fair value. The current EV-to-OCF is -6.45. Merchants Bancorp's overall GF Score™ is 76/100 with 10 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 Merchants Bancorp (MBIN), the current EV-to-OCF is -6.45 as of Aug. 10, 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 Merchants Bancorp (MBIN) Overvalued in 2026?
Based on GuruFocus' analysis, Merchants Bancorp stock appears to be overvalued.
The current stock price of $54.28 is trading 22.8% above its estimated GF Value™ of $44.20.
GuruFocus considers Merchants Bancorp to be Modestly Overvalued.
Key valuation signals for MBIN:
EV-to-OCF: -6.45
GF Value™: $44.20 vs. price of $54.28 (22.8% above fair value)
No single metric tells the full story. See the MBIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merchants Bancorp is a United States-based bank holding company operating multiple lines of business focused on FHA multi-family housing and healthcare facility financing and servicing, retail and correspondent residential mortgage banking, and traditional community banking. Its segments include Multi-family Mortgage Banking, which originates and services government-sponsored mortgages for multi-family and healthcare facilities; Mortgage Warehousing, which offers mortgage warehouse financing, commercial loans and deposit services; and the Banking segment, which generates maximum revenue and provides portfolio lending for multi-family and healthcare facility loans, residential mortgage banking, agricultural lending, SBA lending and community banking.
76GF Score
Get the complete analysis for MBIN
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MBIN has been successfully added to your 
