First Internet Bancorp (FRA:45H) Median PS Value: €31.12 (As of Jun. 29, 2026) — 4163% Above Median


FRA:45H First Internet Bancorp FRA:45H
62 GF Score
Price €22.40
GF Value €21.81
Valuation Fairly Valued
! 7 Warning Signs
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What is First Internet Bancorp Median PS Value?

First Internet Bancorp FRA:45H +3.70% 62 Median PS Value is €31.12 as of Jun. 29, 2026, which is 100% below its 10-year median of 0.73. GuruFocus rates FRA:45H with a GF Score™ of 62/100 and a GF Value™ of €21.81 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,043 Banks companies, First Internet Bancorp ranks better than 88.3% on this metric.

This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.

Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. First Internet Bancorp's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was €11.488. First Internet Bancorp's 10-Year median PS Ratio is 2.7089. Therefore, the Median PS Value for today is €31.12.

As of today (2026-06-29), First Internet Bancorp's share price is €22.40. First Internet Bancorp's Median PS Value is €31.12. Therefore, First Internet Bancorp's Price to Median PS Value for today is 0.72.

The historical rank and industry rank for First Internet Bancorp's Median PS Value or its related term are showing as below:

FRA:45H' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.47   Med: 0.73   Max: 1.41
Current: 0.72

During the past 13 years, the highest Price to Median PS Value of First Internet Bancorp was 1.41. The lowest was 0.47. And the median was 0.73.

FRA:45H's Price-to-Median-PS-Value is ranked better than
88.3% of 1043 companies
in the Banks industry
Industry Median: 1.11 vs FRA:45H: 0.72

First Internet Bancorp  (FRA:45H) Median PS Value Explanation

This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.

It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.

First Internet Bancorp's Price to Median PS Value for today is calculated as

Price to Median PS Value=Share Price/Median PS Value
=22.40/31.12
=0.72

* 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.


First Internet Bancorp Median PS Value Related Terms


First Internet Bancorp Median PS Value Historical Data

* Premium members only.

The historical data trend for First Internet Bancorp's Median PS Value 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.

First Internet Bancorp Median PS Value Chart

First Internet Bancorp Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Median PS Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.26 31.90 28.83 40.87 29.09

First Internet Bancorp Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Median PS Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.29 38.79 30.66 29.09 32.22

FRA:45H vs NKSH, MRBK, FBLA: Median PS Value Comparison

For the Banks - Regional subindustry, First Internet Bancorp's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.


First Internet Bancorp Price-to-Median-PS-Value vs Banks Industry

For the Banks industry and Financial Services sector, First Internet Bancorp's Price-to-Median-PS-Value distribution charts can be found below:

* The bar in red indicates where First Internet Bancorp's Price-to-Median-PS-Value falls into.


FRA:45H
62GF Score
First Internet Bancorp FRA:45H
Median PS Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Internet Bancorp Median PS Value Calculation

First Internet Bancorp's Median PS Value for today is calculated as

Median PS Value=Revenue per Share (TTM)*10-Year Median PS Ratio
=11.488*2.7089
=31.12

10-Year Median PS Ratio is 2.7089.
First Internet Bancorp's Revenue per Share 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 €11.488.

* 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.

Frequently Asked Questions Learn more about Median PS Value →
What does a Median PS Value of €31.12 mean?
First Internet Bancorp (FRA:45H) has a Median PS Value of €31.12 as of Jun. 29, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on First Internet Bancorp and its competitors. This is 4163% above median its historical median of 0.73. Over the past decade, First Internet Bancorp's Median PS Value has ranged from 0.47 to 1.41. According to the industry distribution chart, First Internet Bancorp ranks #122 out of 1043 companies in the Banks industry, placing it in the top 11.7%.
Is First Internet Bancorp's Median PS Value too high?
First Internet Bancorp's current Median PS Value of €31.12 is 4163% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.41. Based on the distribution chart, First Internet Bancorp ranks #122 out of 1043 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, First Internet Bancorp has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Internet Bancorp's Median PS Value compare to NKSH and MRBK?
According to the Banks industry distribution chart, First Internet Bancorp ranks #122 out of 1043 companies for Median PS Value. This places First Internet Bancorp in the top 12% of its industry — outperforming the majority of peers. The industry median Median PS Value is 1.11. Historically, First Internet Bancorp's own Median PS Value has ranged from 0.47 to 1.41 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Median PS Value for a Banks company?
The median Median PS Value among Banks companies is 1.11, based on 1,043 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS Value 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 Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on First Internet Bancorp and its competitors. For the Banks industry, the median Median PS Value is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Internet Bancorp's current Median PS Value is €31.12, which is 4163% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Internet Bancorp stock overvalued right now?
Based on GuruFocus' analysis, First Internet Bancorp (FRA:45H) is currently considered Fairly Valued. The stock's GF Value™ is €21.81, compared to a current price of €22.40 — trading 2.7% above its estimated fair value. The current Median PS Value is €31.12, which is 4163% above median its 10-year median of 0.73. First Internet Bancorp's overall GF Score™ is 62/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For First Internet Bancorp (FRA:45H), the current Median PS Value is €31.12 as of Jun. 29, 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 First Internet Bancorp (FRA:45H) Overvalued in 2026?

Based on GuruFocus' analysis, First Internet Bancorp stock appears to be overvalued. The current stock price of €22.40 is trading 2.7% above its estimated GF Value™ of €21.81. GuruFocus considers First Internet Bancorp to be Fairly Valued.

Key valuation signals for FRA:45H:

  • Median PS Value: €31.12 (4163% above median its 10-year median of 0.73)
  • GF Value™: €21.81 vs. price of €22.40 (2.7% above fair value)
  • GF Score™: 62/100 with 7 warning signs

No single metric tells the full story. See the FRA:45H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Internet Bancorp Business Description

Other Exchanges INBK:USA
Address 8701 East 116th Street, Fishers, IN, USA, 46038
First Internet Bancorp is a bank holding company. Through its subsidiaries, it provides commercial real estate (CRE) lending, including nationwide single tenant lease financing and commercial and industrial (C&I) lending, including business banking or treasury management services. The company offers its products and services through the internet and does not have any branches. With operations organized into a single segment called the Commercial Banking segment, it also provides retail banking services.
62GF Score

Get the complete analysis for FRA:45H

Median PS Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€22.40
Price
€21.81
GF Value