Merchants Bancorp (MBIN) Stock Analysis — PE Ratio, PS Ratio, Intrinsic Value & 2030 Price Target
Merchants Bancorp stock (MBIN) is currently trading at $42.94. Merchants Bancorp PE ratio is 11.29. Merchants Bancorp PS ratio (Price-to-Sales) is 3.48. Analyst consensus price target for MBIN is $47.33. WallStSmart rates MBIN as Underperform.
- MBIN PE ratio analysis and historical PE chart
- MBIN PS ratio (Price-to-Sales) history and trend
- MBIN intrinsic value — DCF, Graham Number, EPV models
- MBIN stock price prediction 2025 2026 2027 2028 2029 2030
- MBIN fair value vs current price
- MBIN insider transactions and insider buying
- Is MBIN undervalued or overvalued?
- Merchants Bancorp financial analysis — revenue, earnings, cash flow
- MBIN Piotroski F-Score and Altman Z-Score
- MBIN analyst price target and Smart Rating
Merchants Bancorp
📊 No data available
Try selecting a different time range
MBIN Intrinsic Value Analysis for Value Investors
Benjamin Graham Formula · Merchants Bancorp (MBIN)
MBIN trades 81% above its Graham fair value of $25.70, indicating the stock may be overvalued at current levels.
Based on Benjamin Graham Formula. Growth rate capped at 25%. For informational purposes only. Not financial advice.
Smart Analysis
Merchants Bancorp (MBIN) · 9 metrics scored
Smart Score
Category Performance
WallStSmart pulls financial metrics like revenue growth, profit margins, and valuation ratios and scores each one from 0 to 10 based on how strong or weak it is. Those 10 scores are grouped into 4 categories: Growth, Profitability, Valuation, and Quality — which form the 4 axes of the spider chart you see. The categories are then combined into a final score out of 100, but not equally. Growth and Profitability together count for 60% of the total, because a fast-growing profitable business matters more than just a cheap one. That final number maps to a rating (Strong Buy, Buy, Hold, Avoid) and a letter grade, giving you one clear Stock Rating.
Investment Thesis
Strong fundamentals in operating margin, price/book, profit margin. Concerns around return on equity and revenue growth. Mixed signals suggest waiting for clearer direction before acting.
Merchants Bancorp (MBIN) Key Strengths (3)
Keeps $52 of every $100 in revenue after operating costs
Keeps $39 of every $100 in revenue as net profit
Trading at 1.14x book value, attractively priced
Supporting Valuation Data
Merchants Bancorp (MBIN) Areas to Watch (6)
Revenue declining -17.60%, a shrinking business
Earnings declining -30.60%, profits shrinking
Low profitability relative to shareholder equity
Small-cap company with higher risk but more growth potential
Revenue is fairly priced at 3.48x sales
Moderate institutional interest at 35.97%
Supporting Valuation Data
Merchants Bancorp (MBIN) Detailed Analysis Report
Overall Assessment
This company scores 49/100 in our Smart Analysis, earning a D+ grade. Out of 9 metrics analyzed, 3 register as strengths (avg 9.3/10) while 6 fall into concern territory (avg 3.3/10). The category breakdown reveals uneven performance, with some areas requiring attention.
The Bull Case
The strongest argument centers on Operating Margin, Profit Margin, Price/Book. Valuation metrics including Price/Book (1.14) suggest the stock is attractively priced. Profitability is solid with Operating Margin at 52.00%, Profit Margin at 38.80%.
The Bear Case
The primary concerns are Revenue Growth, EPS Growth, Return on Equity. Some valuation metrics including Price/Sales (3.48) suggest expensive pricing. Growth concerns include Revenue Growth at -17.60%, EPS Growth at -30.60%, which may limit upside. Profitability pressure is visible in Return on Equity at 9.67%.
Key Dynamics to Monitor
Three factors to monitor going forward. First, whether Revenue Growth improves, as this is the primary drag on the overall score. Second, margin trajectory, with Return on Equity at 9.67% needing improvement to support the investment thesis. Third, growth sustainability, with Revenue Growth at -17.60% needing to reaccelerate.
Risk Considerations
Based on the metric profile, this is a higher risk investment. There are more areas of concern than strength, warranting a more conservative position size. Investors should size positions according to their risk tolerance and maintain diversification.
Bottom Line
Fundamental challenges outweigh strengths at current levels. Revenue Growth and EPS Growth are the primary drags. Consider waiting for meaningful improvement before committing capital.
Disclaimer: Smart Analysis is a scoring system developed by WallStSmart Team. Scores update daily using multi-model valuation framework. Always conduct your own research and consult with financial advisors before making investment decisions.
MBIN Price-to-Sales(PS) Ratio Chart
Historical valuation based on market cap ÷ trailing 12-month revenue
MBIN's Price-to-Sales ratio of 3.48x sits near its historical average of 3.55x (60th percentile), suggesting the market is pricing in steady-state growth. The current valuation is 63% below its historical high of 9.49x set in Jun 2018, and 252% above its historical low of 0.99x in Oct 2025. Over the past 12 months, the PS ratio has expanded from ~1.2x, reflecting growing market expectations outpacing revenue growth.
WallStSmart Analysis Synopsis
Data-driven financial summary for Merchants Bancorp (MBIN) · FINANCIAL SERVICES › BANKS - REGIONAL
The Big Picture
Merchants Bancorp faces headwinds with declining revenue, though profitability provides a cushion. Revenue reached 564M with 18% decline year-over-year. Profit margins are strong at 38.8%, reflecting pricing power and operational efficiency.
Key Findings
ROE of 967.0% means the company generates strong returns on shareholder equity. Above 20% is considered top-tier.
Profit margin of 38.8% and operating margin of 52.0% demonstrate strong pricing power and operational efficiency.
Revenue contracted 18% YoY. Worth determining whether this is cyclical or structural.
Free cash flow is -196M, meaning the company is burning cash. This may be acceptable for high-growth companies investing heavily.
What to Watch Next
Debt management: total debt of 3.8B is significantly higher than cash (16M). Monitor refinancing risk.
Sector dynamics: monitor BANKS - REGIONAL industry trends, competitive moves, and regulatory changes that could impact Merchants Bancorp.
Bottom Line
Merchants Bancorp faces challenges with declining revenue. While profitability provides a buffer, the long-term trajectory needs to improve. Watch for management's strategic response and whether the company can stabilize or pivot to new growth drivers.
This synopsis is generated from publicly available financial data. It is not financial advice. Always conduct your own research and consult a qualified financial advisor before making investment decisions.
Insider Transactions(36 last 3 months)
| Insider | Type | Shares |
|---|---|---|
PETRIE, MICHAEL F. Director, Chairman and CEO, 10% Owner | Sell | -377 |
| Insider | Type | Shares |
|---|---|---|
PETRIE, MICHAEL F. Director, Chairman and CEO, 10% Owner | Sell | -1,502 |
| Insider | Type | Shares |
|---|---|---|
PETRIE, MICHAEL F. Director, Chairman and CEO, 10% Owner | Sell | -100 |
| Insider | Type | Shares |
|---|---|---|
PETRIE, MICHAEL F. Director, Chairman and CEO, 10% Owner | Sell | -14,610 |
| Insider | Type | Shares |
|---|---|---|
PETRIE, MICHAEL F. Director, Chairman and CEO, 10% Owner | Sell | -7,149 |
| Insider | Type | Shares |
|---|---|---|
PETRIE, MICHAEL F. Director, Chairman and CEO, 10% Owner | Sell | -2,034 |
| Insider | Type | Shares |
|---|---|---|
PETRIE, MICHAEL F. Director, Chairman and CEO, 10% Owner | Sell | -6,929 |
| Insider | Type | Shares |
|---|---|---|
PETRIE, MICHAEL F. Director, Chairman and CEO, 10% Owner | Sell | -1,383 |
| Insider | Type | Shares |
|---|---|---|
PETRIE, MICHAEL F. Director, Chairman and CEO, 10% Owner | Sell | -2,404 |
Data sourced from SEC Form 4 filings
Last updated: 8:23:19 AM
About Merchants Bancorp(MBIN)
NASDAQ
FINANCIAL SERVICES
BANKS - REGIONAL
USA
Merchants Bancorp is the diversified bank holding company in the United States. The company is headquartered in Carmel, Indiana.