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The historical rank and industry rank for Farmers & Merchants Bancorp's Net Margin % or its related term are showing as below:
FMCB'
s Net Margin % Range Over the Past 10 Years
Min: 23.08 Med: 36.55 Max: 39.47
Current: 39.06
FMCB's Net Margin % is ranked better than 82.7% of 1526
companies
in the Banks industry
Industry Median: 27.05
vs FMCB: 39.06
Farmers & Merchants Bancorp (OTCPK:FMCB) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Farmers & Merchants Bancorp Net Margin % Related Terms
Farmers & Merchants Bancorp Net Margin % Historical Data
* 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, Farmers & Merchants Bancorp's Net Margin %, along with its competitors' market caps and Net Margin % 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 & Merchants Bancorp Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Farmers & Merchants Bancorp's Net Margin % distribution charts can be found below:
* The bar in red indicates where Farmers & Merchants Bancorp's Net Margin % falls into.
* 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.
Farmers & Merchants Bancorp (FMCB) has a Net Margin % of 38.79% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Farmers & Merchants Bancorp and its competitors. This is near median its historical median of 36.55. Over the past decade, Farmers & Merchants Bancorp's Net Margin % has ranged from 23.08 to 39.47. According to the industry distribution chart, Farmers & Merchants Bancorp ranks #264 out of 1526 companies in the Banks industry, placing it in the top 17.3%.
Is Farmers & Merchants Bancorp's Net Margin % too high?
Farmers & Merchants Bancorp's current Net Margin % of 38.79% is near median its 10-year median of 36.55. Over the past 10 years, this metric has ranged from a low of 23.08 to a high of 39.47. The Banks industry median Net Margin % is 27.05. Farmers & Merchants Bancorp's value of 38.79% is 43.4% above this industry median. Based on the distribution chart, Farmers & Merchants Bancorp ranks #264 out of 1526 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Farmers & Merchants Bancorp has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Farmers & Merchants Bancorp's Net Margin % compare to HAFC and MPB?
According to the Banks industry distribution chart, Farmers & Merchants Bancorp ranks #264 out of 1526 companies for Net Margin %. This places Farmers & Merchants Bancorp in the top 17% of its industry — outperforming the majority of peers. The industry median Net Margin % is 27.05. Farmers & Merchants Bancorp's value of 38.79% is 43.4% above this benchmark. Historically, Farmers & Merchants Bancorp's own Net Margin % has ranged from 23.08 to 39.47 over the past decade. While the company's 10-year median is 36.55 vs. the industry median of 27.05, Farmers & Merchants Bancorp has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Banks company?
The median Net Margin % among Banks companies is 27.05, based on 1,526 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Farmers & Merchants Bancorp's current Net Margin % of 38.79% is 43.4% above 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Farmers & Merchants Bancorp and its competitors. For the Banks industry, the median Net Margin % is 27.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Farmers & Merchants Bancorp's current Net Margin % is 38.79%, which is near median its own 10-year median of 36.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Farmers & Merchants Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Farmers & Merchants Bancorp (FMCB) is currently considered Modestly Overvalued. The stock's GF Value™ is $1,194.25, compared to a current price of $1,367.45 — trading 14.5% above its estimated fair value. The current Net Margin % is 38.79%, which is near median its 10-year median of 36.55 and 43.4% above the Banks industry median of 27.05. Farmers & Merchants Bancorp's overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Farmers & Merchants Bancorp (FMCB), the current Net Margin % is 38.79% as of Mar. 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 & Merchants Bancorp (FMCB) Overvalued in 2026?
Based on GuruFocus' analysis, Farmers & Merchants Bancorp stock appears to be overvalued.
The current stock price of $1,367.45 is trading 14.5% above its estimated GF Value™ of $1,194.25.
GuruFocus considers Farmers & Merchants Bancorp to be Modestly Overvalued.
Key valuation signals for FMCB:
Net Margin %: 38.79% (near median its 10-year median of 36.55)
GF Value™: $1,194.25 vs. price of $1,367.45 (14.5% above fair value)
Industry Position: 43.4% above the Banks median (#264 of 1526)
No single metric tells the full story. See the FMCB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Farmers & Merchants Bancorp is a bank holding company that provides a broad range of lending products, including commercial, commercial real estate, construction, agribusiness, consumer, credit card, residential real estate loans, and equipment leases. Its offerings include term loans, lines of credit, working capital financing, and letters of credit, along with automobile, home improvement, and home equity financing for individuals. It also offers deposit products such as checking, savings, money market accounts, certificates of deposit, individual retirement accounts, and online banking services. In addition, it provides specialized services for commercial clients, including merchant credit card programs, collection services, account reconciliation, and electronic funds transfers.
74GF Score
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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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