FMBN (Farmers and Merchants Bancshares) Moat Score: 4/10 (As of Jun. 25, 2026)


FMBN Farmers and Merchants Bancshares Inc FMBN
51 GF Score
Price $35.50
GF Value $24.88
! 5 Warning Signs
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What is Farmers and Merchants Bancshares Moat Score?

Farmers and Merchants Bancshares FMBN 51 Moat Score is 4 as of Jun. 25, 2026. GuruFocus rates FMBN with a GF Score™ of 51/100 and a GF Value™ of $24.88. The stock has 5 warning signs investors should review.

Farmers and Merchants Bancshares has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Farmers and Merchants Bancshares has Narrow Moat: Farmers and Merchants Bancshares Inc has a discernible but modest moat with regional market presence and customer loyalty. It benefits from economies of scale, but lacks significant pricing power, exclusive licenses, or strong brand strength to elevate it to a stronger narrow moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Farmers and Merchants Bancshares might have Narrow Moat - Discernible but modest moat.

Farmers and Merchants Bancshares  (OTCPK:FMBN) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Farmers and Merchants Bancshares Moat Score Related Terms

FMBN vs JDVB, RVSB, FMBM: Moat Score Comparison

For the Banks - Regional subindustry, Farmers and Merchants Bancshares's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Banks Industry

For the Banks industry and Financial Services sector, Farmers and Merchants Bancshares's Moat Score distribution charts can be found below:

* The bar in red indicates where Farmers and Merchants Bancshares's Moat Score falls into.


FMBN
51GF Score
Farmers and Merchants Bancshares Inc FMBN
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 4 mean?
Farmers and Merchants Bancshares (FMBN) has a Moat Score of 4 as of Jun. 25, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.
Is Farmers and Merchants Bancshares' Moat Score too high?
Farmers and Merchants Bancshares' current Moat Score is 4. Overall, Farmers and Merchants Bancshares has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Farmers and Merchants Bancshares' Moat Score compare to JDVB and RVSB?
Farmers and Merchants Bancshares' Moat Score of 4 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Banks company?
A good Moat Score depends on the Banks industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Farmers and Merchants Bancshares's current Moat Score is 4. 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?
Farmers and Merchants Bancshares (FMBN) has a current Moat Score of 4. The stock's GF Value™ is $24.88, compared to a current price of $35.50 — trading 42.7% above its estimated fair value. The current Moat Score is 4. Farmers and Merchants Bancshares' overall GF Score™ is 51/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Farmers and Merchants Bancshares (FMBN), the current Moat Score is 4 as of Jun. 25, 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 $35.50 is trading 42.7% above its estimated GF Value™ of $24.88.

Key valuation signals for FMBN:

  • Moat Score: 4
  • GF Value™: $24.88 vs. price of $35.50 (42.7% above fair value)
  • GF Score™: 51/100 with 5 warning signs

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 Business Description

Address 221 Jefferson Street, Burlington, IA, USA, 52601
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.
51GF Score

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

$35.50
Price
$24.88
GF Value