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Merchants BancorpMBIN +0.66%78 Intrinsic Value: Projected FCF is $-13.90 as of Sep. 20, 2026. GuruFocus rates MBIN with a GF Score™ of 78/100 and a GF Value™ of $43.84 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 1,301 Banks companies, Merchants Bancorp ranks worse than 76863.87% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-09-20), Merchants Bancorp's Intrinsic Value: Projected FCF is $-13.90. The stock price of Merchants Bancorp is $52.07. Therefore, Merchants Bancorp's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.
The historical rank and industry rank for Merchants Bancorp's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 11 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Merchants Bancorp was 2.63. The lowest was 2.63. And the median was 2.63.
MBIN's Price-to-Projected-FCF is not ranked *
in the Banks industry.
Industry Median: 0.6 * Ranked among companies with meaningful Price-to-Projected-FCF only.
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Merchants Bancorp's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
52.07
/
36.431307863272
=
1.43
* 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 Intrinsic Value: Projected FCF Related Terms
Merchants Bancorp Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Merchants Bancorp's Intrinsic Value: Projected FCF 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.
MBIN vs SYBT, BUSE, BANR: Intrinsic Value: Projected FCF Comparison
For the Banks - Regional subindustry, Merchants Bancorp's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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 Price-to-Projected-FCF vs Banks Industry
For the Banks industry and Financial Services sector, Merchants Bancorp's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Merchants Bancorp's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of $-13.90 mean?
Merchants Bancorp (MBIN) has a Intrinsic Value: Projected FCF of $-13.90 as of Sep. 20, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Merchants Bancorp and its competitors. According to the industry distribution chart, Merchants Bancorp ranks #999999 out of 1301 companies in the Banks industry.
Is Merchants Bancorp's Intrinsic Value: Projected FCF too high?
Merchants Bancorp's current Intrinsic Value: Projected FCF is $-13.90. Based on the distribution chart, Merchants Bancorp ranks #999999 out of 1301 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Merchants Bancorp has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merchants Bancorp's Intrinsic Value: Projected FCF compare to SYBT and BUSE?
According to the Banks industry distribution chart, Merchants Bancorp ranks #999999 out of 1301 companies for Intrinsic Value: Projected FCF. This places Merchants Bancorp in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.60. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Banks company?
The median Intrinsic Value: Projected FCF among Banks companies is 0.60, based on 1,301 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Merchants Bancorp and its competitors. For the Banks industry, the median Intrinsic Value: Projected FCF is 0.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merchants Bancorp's current Intrinsic Value: Projected FCF is $-13.90. 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 $43.84, compared to a current price of $52.07 — trading 18.8% above its estimated fair value. The current Intrinsic Value: Projected FCF is $-13.90. Merchants Bancorp's overall GF Score™ is 78/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Merchants Bancorp (MBIN), the current Intrinsic Value: Projected FCF is $-13.90 as of Sep. 20, 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 $52.07 is trading 18.8% above its estimated GF Value™ of $43.84.
GuruFocus considers Merchants Bancorp to be Modestly Overvalued.
Key valuation signals for MBIN:
Intrinsic Value: Projected FCF: $-13.90
GF Value™: $43.84 vs. price of $52.07 (18.8% 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.
78GF Score
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Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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