FMBH (First Mid Bancshares) Shiller PE Ratio: 13.99 (As of Sep. 01, 2026) — Near Median

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FMBH First Mid Bancshares Inc FMBH
61 GF Score
Price $49.79
GF Value $38.94
Valuation Modestly Overvalued
! 7 Warning Signs
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What is First Mid Bancshares Shiller PE Ratio?

First Mid Bancshares FMBH +0.06% 61 Shiller PE Ratio is 13.99 as of Sep. 01, 2026, which is 2% below its 10-year median of 14.25. GuruFocus rates FMBH with a GF Score™ of 61/100 and a GF Value™ of $38.94 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,239 Banks companies, First Mid Bancshares ranks worse than 51.33% on this metric.

As of today (2026-09-01), First Mid Bancshares's current share price is $49.79. First Mid Bancshares's E10 for the quarter that ended in Jun. 2026 was $3.56. First Mid Bancshares's Shiller PE Ratio for today is 13.99.

The historical rank and industry rank for First Mid Bancshares's Shiller PE Ratio or its related term are showing as below:

FMBH' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.82   Med: 14.25   Max: 23.64
Current: 13.99

During the past years, First Mid Bancshares's highest Shiller PE Ratio was 23.64. The lowest was 7.82. And the median was 14.25.

FMBH's Shiller PE Ratio is ranked worse than
51.33% of 1239 companies
in the Banks industry
Industry Median: 13.75 vs FMBH: 13.99

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

First Mid Bancshares's adjusted earnings per share data for the three months ended in Jun. 2026 was $1.040. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.56 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Mid Bancshares  (NAS:FMBH) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


First Mid Bancshares Shiller PE Ratio Related Terms


First Mid Bancshares Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for First Mid Bancshares's Shiller PE Ratio 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 Mid Bancshares Shiller PE Ratio Chart

First Mid Bancshares Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.17 11.43 11.58 11.64 11.52

First Mid Bancshares Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio 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 11.38 11.28 11.52 11.81 13.50

FMBH vs WABC, ESQ, HBT: Shiller PE Ratio Comparison

For the Banks - Regional subindustry, First Mid Bancshares's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Mid Bancshares Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, First Mid Bancshares's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where First Mid Bancshares's Shiller PE Ratio falls into.


FMBH
61GF Score
First Mid Bancshares Inc FMBH
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Mid Bancshares Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

First Mid Bancshares's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=49.79/3.56
=13.99

* 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 Mid Bancshares's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, First Mid Bancshares's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.04/333.9520*333.9520
=1.040

Current CPI (Jun. 2026) = 333.9520.

First Mid Bancshares Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.510 241.428 0.705
201612 0.550 241.432 0.761
201703 0.500 243.801 0.685
201706 0.660 244.955 0.900
201709 0.610 246.819 0.825
201712 0.370 246.524 0.501
201803 0.660 249.554 0.883
201806 0.720 251.989 0.954
201809 0.540 252.439 0.714
201812 0.620 251.233 0.824
201903 0.800 254.202 1.051
201906 0.660 256.143 0.860
201909 0.700 256.759 0.910
201912 0.720 256.974 0.936
202003 0.600 258.115 0.776
202006 0.600 257.797 0.777
202009 0.690 260.280 0.885
202012 0.810 260.474 1.038
202103 0.240 264.877 0.303
202106 0.680 271.696 0.836
202109 1.010 274.310 1.230
202112 0.930 278.802 1.114
202203 0.860 287.504 0.999
202206 0.860 296.311 0.969
202209 0.880 296.808 0.990
202212 1.010 296.797 1.136
202303 0.930 301.836 1.029
202306 0.800 305.109 0.876
202309 0.680 307.789 0.738
202312 0.760 306.746 0.827
202403 0.860 312.332 0.920
202406 0.820 314.175 0.872
202409 0.810 315.301 0.858
202412 0.800 315.605 0.847
202503 0.930 319.799 0.971
202506 0.980 322.561 1.015
202509 0.940 324.800 0.966
202512 0.990 324.054 1.020
202603 1.060 330.213 1.072
202606 1.040 333.952 1.040

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 13.99 mean?
First Mid Bancshares (FMBH) has a Shiller PE Ratio of 13.99 as of Sep. 01, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on First Mid Bancshares and its competitors. This is near median its historical median of 14.25. Over the past decade, First Mid Bancshares' Shiller PE Ratio has ranged from 7.82 to 23.64. According to the industry distribution chart, First Mid Bancshares ranks #636 out of 1239 companies in the Banks industry, placing it in the top 51.3%.
Is First Mid Bancshares' Shiller PE Ratio too high?
First Mid Bancshares' current Shiller PE Ratio of 13.99 is near median its 10-year median of 14.25. Over the past 10 years, this metric has ranged from a low of 7.82 to a high of 23.64. The Banks industry median Shiller PE Ratio is 13.75. First Mid Bancshares' value of 13.99 is 1.7% above this industry median. Based on the distribution chart, First Mid Bancshares ranks #636 out of 1239 companies in the Banks industry, which is below the industry midpoint. Overall, First Mid Bancshares has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Mid Bancshares' Shiller PE Ratio compare to WABC and ESQ?
According to the Banks industry distribution chart, First Mid Bancshares ranks #636 out of 1239 companies for Shiller PE Ratio. This places First Mid Bancshares in the lower half of its industry. The industry median Shiller PE Ratio is 13.75. First Mid Bancshares' value of 13.99 is 1.7% above this benchmark. Historically, First Mid Bancshares' own Shiller PE Ratio has ranged from 7.82 to 23.64 over the past decade. While the company's 10-year median is 14.25 vs. the industry median of 13.75, First Mid Bancshares 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 Shiller PE Ratio for a Banks company?
The median Shiller PE Ratio among Banks companies is 13.75, based on 1,239 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Mid Bancshares's current Shiller PE Ratio of 13.99 is 1.7% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on First Mid Bancshares and its competitors. For the Banks industry, the median Shiller PE Ratio is 13.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Mid Bancshares's current Shiller PE Ratio is 13.99, which is near median its own 10-year median of 14.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Mid Bancshares stock overvalued right now?
Based on GuruFocus' analysis, First Mid Bancshares (FMBH) is currently considered Modestly Overvalued. The stock's GF Value™ is $38.94, compared to a current price of $49.79 — trading 27.9% above its estimated fair value. The current Shiller PE Ratio is 13.99, which is near median its 10-year median of 14.25 and 1.7% above the Banks industry median of 13.75. First Mid Bancshares' overall GF Score™ is 61/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For First Mid Bancshares (FMBH), the current Shiller PE Ratio is 13.99 as of Sep. 01, 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 Mid Bancshares (FMBH) Overvalued in 2026?

Based on GuruFocus' analysis, First Mid Bancshares stock appears to be overvalued. The current stock price of $49.79 is trading 27.9% above its estimated GF Value™ of $38.94. GuruFocus considers First Mid Bancshares to be Modestly Overvalued.

Key valuation signals for FMBH:

  • Shiller PE Ratio: 13.99 (near median its 10-year median of 14.25)
  • GF Value™: $38.94 vs. price of $49.79 (27.9% above fair value)
  • GF Score™: 61/100 with 7 warning signs
  • Industry Position: 1.7% above the Banks median (#636 of 1239)

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


First Mid Bancshares Business Description

Address 1421 Charleston Avenue, Mattoon, IL, USA, 61938
First Mid Bancshares Inc is a United States based financial holding company. Through its wholly-owned subsidiary, First Mid Bank, it is engaged in the business of banking. The company offers trust, farm services, investment services, and retirement planning through its wholly owned subsidiary, it also provides data processing services to affiliates and insurance products and services to customers through its subsidiary. The company's operations cover community banking, wealth management and insurance services. Key revenue is derived from the provision of community banking services.
61GF Score

Get the complete analysis for FMBH

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

$49.79
Price
$38.94
GF Value