FFMH (First Farmers and Merchants) ROE % Adjusted to Book Value: 10.55% (As of Mar. 2026)

What is First Farmers and Merchants ROE % Adjusted to Book Value?

First Farmers and Merchants FFMH 64 ROE % Adjusted to Book Value is 10.55% as of Mar. 2026. GuruFocus rates FFMH with a GF Score™ of 64/100 and a GF Value™ of $45.39 (Modestly Overvalued). The stock has 5 warning signs investors should review.

First Farmers and Merchants's ROE % for the quarter that ended in Mar. 2026 was 12.66%. First Farmers and Merchants's PB Ratio for the quarter that ended in Mar. 2026 was 1.20. First Farmers and Merchants's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 10.55%.

First Farmers and Merchants ROE % Adjusted to Book Value Related Terms

First Farmers and Merchants ROE % Adjusted to Book Value Historical Data

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The historical data trend for First Farmers and Merchants's ROE % Adjusted to Book 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 Farmers and Merchants ROE % Adjusted to Book Value Chart

First Farmers and Merchants Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROE % Adjusted to Book Value

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10.11

12.86

16.71

11.89

10.66

First Farmers and Merchants Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															12.01	11.36	11.31	9.90	10.55

FFMH vs OVBC, FBLA, NKSH: ROE % Adjusted to Book Value Comparison

For the Banks - Regional subindustry, First Farmers and Merchants's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book 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 Farmers and Merchants ROE % Adjusted to Book Value vs Banks Industry

For the Banks industry and Financial Services sector, First Farmers and Merchants's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where First Farmers and Merchants's ROE % Adjusted to Book Value falls into.

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64GF Score

First Farmers and Merchants Corp FFMH

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First Farmers and Merchants ROE % Adjusted to Book Value Calculation

First Farmers and Merchants's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	12.05%	/	1.13
	=	10.66%

First Farmers and Merchants's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	12.66%	/	1.20
	=	10.55%

Frequently Asked Questions Learn more about ROE % Adjusted to Book Value →

What does a ROE % Adjusted to Book Value of 10.55% mean?

First Farmers and Merchants (FFMH) has a ROE % Adjusted to Book Value of 10.55% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on First Farmers and Merchants and its competitors.

Is First Farmers and Merchants' ROE % Adjusted to Book Value too high?

First Farmers and Merchants' current ROE % Adjusted to Book Value is 10.55%. Overall, First Farmers and Merchants has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does First Farmers and Merchants' ROE % Adjusted to Book Value compare to OVBC and FBLA?

First Farmers and Merchants' ROE % Adjusted to Book Value of 10.55% 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 ROE % Adjusted to Book Value for a Banks company?

A good ROE % Adjusted to Book Value depends on the Banks industry context. However, ROE % Adjusted to Book 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 ROE % Adjusted to Book Value mean?

A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on First Farmers and Merchants and its competitors. First Farmers and Merchants's current ROE % Adjusted to Book Value is 10.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is First Farmers and Merchants stock overvalued right now?

Based on GuruFocus' analysis, First Farmers and Merchants (FFMH) is currently considered Modestly Overvalued. The stock's GF Value™ is $45.39, compared to a current price of $57.75 — trading 27.2% above its estimated fair value. The current ROE % Adjusted to Book Value is 10.55%. First Farmers and Merchants' overall GF Score™ is 64/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROE % Adjusted to Book Value calculated?

ROE % Adjusted to Book Value is calculated from a company's financial statements. For First Farmers and Merchants (FFMH), the current ROE % Adjusted to Book Value is 10.55% 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 First Farmers and Merchants (FFMH) Overvalued in 2026?

Based on GuruFocus' analysis, First Farmers and Merchants stock appears to be overvalued. The current stock price of $57.75 is trading 27.2% above its estimated GF Value™ of $45.39. GuruFocus considers First Farmers and Merchants to be Modestly Overvalued.

Key valuation signals for FFMH:

ROE % Adjusted to Book Value: 10.55%
GF Value™: $45.39 vs. price of $57.75 (27.2% above fair value)
GF Score™: 64/100 with 5 warning signs

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

First Farmers and Merchants Business Description

Industry Financial Services Banks

Comparable Companies OVBC FBLA NKSH PEBK VABK CBNA QNBC FOTB CFFI CBTN SHSE:600036 SGX:D05 MIL:UCG NSE:HDFCBANK XPAR:BNP MIL:ISP TSE:8411 SAU:1120 NSE:ICICIBANK XMAD:CABK

Address 816 South Garden Street, Columbia, TN, USA, 38401

Website https://www.myfirstfarmers.com

First Farmers and Merchants Corp is a bank holding company whose principal activity is the ownership and management of its wholly-owned subsidiary. The Bank is engaged in providing a full range of banking and financial services, including lending, investing of funds, obtaining deposits, trust, and wealth management operations, and other financing activities to individual and corporate customers in the Middle Tennessee area. The Bank is subject to competition from other financial institutions. It has one reportable segment, which is banking and financial services.

64GF Score

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$57.75

Price

$45.39

GF Value

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