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Midland States Bancorp (NAS:MSBI) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Midland States Bancorp Forward PE Ratio Related Terms
Midland States Bancorp Forward PE Ratio Historical Data
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The historical data trend for Midland States Bancorp's Forward PE Ratio 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.
Midland States Bancorp Forward PE Ratio Chart
Midland States Bancorp Annual Data
Trend
2016-12
2017-12
2018-12
2024-12
2025-12
Forward PE Ratio
13.44
13.26
7.21
8.80
7.88
Midland States Bancorp Quarterly Data
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
11.04
11.79
13.44
14.14
14.45
12.18
13.26
13.66
17.67
10.42
7.21
8.53
9.82
8.16
8.80
6.86
7.09
6.62
7.88
8.05
MSBI vs AMBZ, NPB, BHB: Forward PE Ratio Comparison
For the Banks - Regional subindustry, Midland States Bancorp's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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.
Midland States Bancorp Forward PE Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Midland States Bancorp's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Midland States Bancorp's Forward PE Ratio falls into.
Midland States Bancorp Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Midland States Bancorp (MSBI) has a Forward PE Ratio of 9.65 as of Jul. 16, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Midland States Bancorp and its competitors. According to the industry distribution chart, Midland States Bancorp ranks #276 out of 819 companies in the Banks industry, placing it in the top 33.7%.
Is Midland States Bancorp's Forward PE Ratio too high?
Midland States Bancorp's current Forward PE Ratio is 9.65. The Banks industry median Forward PE Ratio is 11.14. Midland States Bancorp's value of 9.65 is 13.4% below this industry median. Based on the distribution chart, Midland States Bancorp ranks #276 out of 819 companies in the Banks industry, which is above the industry midpoint. Overall, Midland States Bancorp has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Midland States Bancorp's Forward PE Ratio compare to AMBZ and NPB?
According to the Banks industry distribution chart, Midland States Bancorp ranks #276 out of 819 companies for Forward PE Ratio. This puts Midland States Bancorp in the upper half of its industry. The industry median Forward PE Ratio is 11.14. Midland States Bancorp's value of 9.65 is 13.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Banks company?
The median Forward PE Ratio among Banks companies is 11.14, based on 819 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Midland States Bancorp's current Forward PE Ratio of 9.65 is 13.4% below 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Midland States Bancorp and its competitors. For the Banks industry, the median Forward PE Ratio is 11.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Midland States Bancorp's current Forward PE Ratio is 9.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Midland States Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Midland States Bancorp (MSBI) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.02, compared to a current price of $30.66 — trading 61.2% above its estimated fair value. The current Forward PE Ratio is 9.65 and 13.4% below the Banks industry median of 11.14. Midland States Bancorp's overall GF Score™ is 56/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Midland States Bancorp (MSBI), the current Forward PE Ratio is 9.65 as of Jul. 16, 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 Midland States Bancorp (MSBI) Overvalued in 2026?
Based on GuruFocus' analysis, Midland States Bancorp stock appears to be overvalued.
The current stock price of $30.66 is trading 61.2% above its estimated GF Value™ of $19.02.
GuruFocus considers Midland States Bancorp to be Significantly Overvalued.
Key valuation signals for MSBI:
Forward PE Ratio: 9.65
GF Value™: $19.02 vs. price of $30.66 (61.2% above fair value)
Industry Position: 13.4% below the Banks median (#276 of 819)
No single metric tells the full story. See the MSBI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Midland States Bancorp Inc is a diversified financial holding company. The company provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services. The Banking segment, which generates the majority of the revenue, provides financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage, and other consumer loan products; commercial equipment financing, etc. The Wealth Management segment consists of trust and fiduciary services, brokerage, and retirement planning services. The Corporate segment includes the holding company's financing and investment activities, administrative expenses.
56GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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