FNLC (First Bancorp) Shiller PE Ratio: 11.46 (As of Aug. 16, 2026) — 14% Below Median

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FNLC First Bancorp Inc FNLC
58 GF Score
Price $35.63
GF Value $30.76
Valuation Modestly Overvalued
! 7 Warning Signs
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What is First Bancorp Shiller PE Ratio?

First Bancorp FNLC +0.11% 58 Shiller PE Ratio is 11.46 as of Aug. 16, 2026, which is 14% below its 10-year median of 13.33. GuruFocus rates FNLC with a GF Score™ of 58/100 and a GF Value™ of $30.76 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,242 Banks companies, First Bancorp ranks better than 67.15% on this metric.

As of today (2026-08-16), First Bancorp's current share price is $35.63. First Bancorp's E10 for the quarter that ended in Jun. 2026 was $3.11. First Bancorp's Shiller PE Ratio for today is 11.46.

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

FNLC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.98   Med: 13.33   Max: 23.48
Current: 11.45

During the past years, First Bancorp's highest Shiller PE Ratio was 23.48. The lowest was 7.98. And the median was 13.33.

FNLC's Shiller PE Ratio is ranked better than
67.15% of 1242 companies
in the Banks industry
Industry Median: 14.015 vs FNLC: 11.45

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 Bancorp's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.850. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.11 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Bancorp  (NAS:FNLC) 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 Bancorp Shiller PE Ratio Related Terms


First Bancorp Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for First Bancorp'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 Bancorp Shiller PE Ratio Chart

First Bancorp 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 14.72 12.13 10.61 9.78 8.89

First Bancorp 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 8.79 8.94 8.89 9.18 11.19

FNLC vs USCB, CHMG, PKBK: Shiller PE Ratio Comparison

For the Banks - Regional subindustry, First Bancorp'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 Bancorp Shiller PE Ratio vs Banks Industry

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

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


FNLC
58GF Score
First Bancorp Inc FNLC
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Bancorp 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 Bancorp's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=35.63/3.11
=11.46

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

For example, First Bancorp'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)
=0.85/333.9520*333.9520
=0.850

Current CPI (Jun. 2026) = 333.9520.

First Bancorp Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.420 241.428 0.581
201612 0.400 241.432 0.553
201703 0.430 243.801 0.589
201706 0.450 244.955 0.613
201709 0.460 246.819 0.622
201712 0.470 246.524 0.637
201803 0.510 249.554 0.682
201806 0.530 251.989 0.702
201809 0.550 252.439 0.728
201812 0.590 251.233 0.784
201903 0.570 254.202 0.749
201906 0.590 256.143 0.769
201909 0.580 256.759 0.754
201912 0.610 256.974 0.793
202003 0.600 258.115 0.776
202006 0.600 257.797 0.777
202009 0.650 260.280 0.834
202012 0.640 260.474 0.821
202103 0.810 264.877 1.021
202106 0.800 271.696 0.983
202109 0.820 274.310 0.998
202112 0.870 278.802 1.042
202203 0.880 287.504 1.022
202206 0.910 296.311 1.026
202209 0.910 296.808 1.024
202212 0.830 296.797 0.934
202303 0.720 301.836 0.797
202306 0.670 305.109 0.733
202309 0.670 307.789 0.727
202312 0.600 306.746 0.653
202403 0.540 312.332 0.577
202406 0.550 314.175 0.585
202409 0.680 315.301 0.720
202412 0.650 315.605 0.688
202503 0.630 319.799 0.658
202506 0.720 322.561 0.745
202509 0.810 324.800 0.833
202512 0.910 324.054 0.938
202603 0.800 330.213 0.809
202606 0.850 333.952 0.850

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 11.46 mean?
First Bancorp (FNLC) has a Shiller PE Ratio of 11.46 as of Aug. 16, 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 Bancorp and its competitors. This is 14% below median its historical median of 13.33. Over the past decade, First Bancorp's Shiller PE Ratio has ranged from 7.98 to 23.48. According to the industry distribution chart, First Bancorp ranks #408 out of 1242 companies in the Banks industry, placing it in the top 32.9%.
Is First Bancorp's Shiller PE Ratio too high?
First Bancorp's current Shiller PE Ratio of 11.46 is 14% below median its 10-year median of 13.33. Over the past 10 years, this metric has ranged from a low of 7.98 to a high of 23.48. The Banks industry median Shiller PE Ratio is 14.02. First Bancorp's value of 11.46 is 18.2% below this industry median. Based on the distribution chart, First Bancorp ranks #408 out of 1242 companies in the Banks industry, which is above the industry midpoint. Overall, First Bancorp has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Bancorp's Shiller PE Ratio compare to USCB and CHMG?
According to the Banks industry distribution chart, First Bancorp ranks #408 out of 1242 companies for Shiller PE Ratio. This puts First Bancorp in the upper half of its industry. The industry median Shiller PE Ratio is 14.02. First Bancorp's value of 11.46 is 18.2% below this benchmark. Historically, First Bancorp's own Shiller PE Ratio has ranged from 7.98 to 23.48 over the past decade. While the company's 10-year median is 13.33 vs. the industry median of 14.02, First Bancorp has consistently been below 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 14.02, based on 1,242 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 Bancorp's current Shiller PE Ratio of 11.46 is 18.2% below 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 Bancorp and its competitors. For the Banks industry, the median Shiller PE Ratio is 14.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Bancorp's current Shiller PE Ratio is 11.46, which is 14% below median its own 10-year median of 13.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Bancorp stock overvalued right now?
Based on GuruFocus' analysis, First Bancorp (FNLC) is currently considered Modestly Overvalued. The stock's GF Value™ is $30.76, compared to a current price of $35.63 — trading 15.8% above its estimated fair value. The current Shiller PE Ratio is 11.46, which is 14% below median its 10-year median of 13.33 and 18.2% below the Banks industry median of 14.02. First Bancorp's overall GF Score™ is 58/100 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 Bancorp (FNLC), the current Shiller PE Ratio is 11.46 as of Aug. 16, 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 Bancorp (FNLC) Overvalued in 2026?

Based on GuruFocus' analysis, First Bancorp stock appears to be overvalued. The current stock price of $35.63 is trading 15.8% above its estimated GF Value™ of $30.76. GuruFocus considers First Bancorp to be Modestly Overvalued.

Key valuation signals for FNLC:

  • Shiller PE Ratio: 11.46 (14% below median its 10-year median of 13.33)
  • GF Value™: $30.76 vs. price of $35.63 (15.8% above fair value)
  • GF Score™: 58/100 with 7 warning signs
  • Industry Position: 18.2% below the Banks median (#408 of 1242)

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


First Bancorp Business Description

Address 223 Main Street, Damariscotta, ME, USA, 04543
First Bancorp Inc is a Damariscotta-based bank holding company providing a range of retail and commercial banking services, including deposit accounts and consumer, commercial, and mortgage loans. The company provides investment management and private banking services through an operating division of the bank. Its revenues are generally derived from dividends paid to the company by the bank.
58GF Score

Get the complete analysis for FNLC

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

$35.63
Price
$30.76
GF Value