What is FMBH's Value Score?

FIRST MID BANCSHARES, INC. (FMBH) has a StockPik Value Score of 80 out of 100 — a high score, indicating strong value characteristics across multiple metrics. The Value Score is a composite ranking built from P/E ratio, P/B ratio, Graham Number, ROE, gross margin, debt-to-equity, current ratio, and Piotroski F-Score, calculated from SEC EDGAR annual filing data.

What is FMBH's Piotroski F-Score?

FIRST MID BANCSHARES, INC. (FMBH) has a Piotroski F-Score of 4 out of 9 — a moderate score. The F-Score assesses nine binary financial criteria across profitability, leverage, and operating efficiency. A score of 7–9 indicates a financially improving company; a score of 0–3 is a warning sign.

Is FMBH trading below its Graham Number?

FMBH is currently trading below its Graham Number. The stock price of $40.12 is 29.7% below the Graham Number of $57.06, representing a margin of safety by Benjamin Graham's definition. The Graham Number is calculated as √(22.5 × EPS × Book Value Per Share) and represents Benjamin Graham's ceiling price for a defensive investor.

What is FMBH's Graham Number?

FMBH's Graham Number is $57.06, calculated using the Benjamin Graham formula √(22.5 × EPS × Book Value per Share). The Graham Number is an estimate of intrinsic value — the maximum price a defensive investor should pay. At the current price of $40.12, FMBH is trading 30% below its Graham Number.

What is FMBH's Piotroski F-Score?

FMBH's Piotroski F-Score is 4 out of 9, indicating moderate financial health. The Piotroski F-Score evaluates nine criteria across profitability, leverage, and operating efficiency. Scores of 7 or above are considered strong; 3 or below indicate financial weakness.

Is FMBH (FIRST MID BANCSHARES, INC.) undervalued?

FMBH scores 80/100 on StockPik's Value Score, placing it in undervalued territory. The stock trades 30% below its Graham Number of $57.06.

What is FMBH's P/E ratio?

FMBH's trailing P/E ratio is 11.0x — a low earnings multiple, suggesting the stock may be undervalued relative to its earnings. The Financial Services sector average P/E is 18.1x. Compare against other Financial Services stocks in the StockPik screener.

Does FIRST MID BANCSHARES, INC. (FMBH) pay a dividend?

Yes, FMBH currently pays a dividend yield of 2.4%. View the full dividend and value analysis on StockPik.

What sector is FIRST MID BANCSHARES, INC. (FMBH) in?

FIRST MID BANCSHARES, INC. (FMBH) is in the Financial Services sector, specifically in the State Commercial Banks industry. Compare it against other Financial Services stocks by Value Score, P/E ratio, and Piotroski F-Score on StockPik.

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FIRST MID BANCSHARES, INC. (FMBH)

NASDAQ Small Cap

Financial Services › State Commercial Banks

$40.12

Market Cap: $966M

Data as of Sep 30, 2025 (TTM)

Price History

Feb 9, 2026 — Apr 4, 2026

Investment Snapshot

Trading 30% below Graham Number ($57.06) — significant margin of safety
Piotroski F-Score 4/9 — moderate financial health
ROE of 9.1% — below-average profitability
Dividend yield of 2.4%

FIRST MID BANCSHARES, INC. (FMBH) is a Financial Services company operating in State Commercial Banks, listed on the NASDAQ , with a market capitalisation of $966 million . Key value metrics: P/E ratio 11.0, P/B ratio 1.01, Piotroski F-Score 4 out of 9 (moderate financial health) .

Value Score

out of 100

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Key Metrics

P/E Ratio

11.04

P/B Ratio

1.01

EPS

$3.64

Div. Yield

2.4%

PEG Ratio

—

P/S Ratio

—

EV/EBITDA

—

ROE

—

ROA

—

Gross Margin

—

Op. Margin

—

Net Margin

—

Debt/Equity

—

Current Ratio

—

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Current vs 5-Year Average

Based on 5 years of SEC filings

Net Margin

—

↑ +2.1pp avg —

Gross Margin

—

↑ +2.1pp avg —

Operating Margin

—

↑ +2.1pp avg —

Return on Equity

—

↑ +2.1pp avg —

Debt / Equity

—

↑ +2.1pp avg —

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Revenue & Net Income

Profit Margins

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EPS & Free Cash Flow Per Share

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Financial Statements

Metric	FY22	FY23	FY24
Revenue	$X.XB	$X.XB	$X.XB
Gross Profit	$X.XB	$X.XB	$X.XB
Operating Income	$X.XB	$X.XB	$X.XB
Net Income	$X.XB	$X.XB	$X.XB
EBITDA	$X.XB	$X.XB	$X.XB
Total Assets	$X.XB	$X.XB	$X.XB
Total Liabilities	$X.XB	$X.XB	$X.XB

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Data sourced from SEC EDGAR and Polygon.io. Methodology. View more Financial Services stocks →

FIRST MID BANCSHARES, INC. — Fundamental Analysis Summary

FIRST MID BANCSHARES, INC. (FMBH) is trading 30% below its Graham Number of $57.06 — a significant margin of safety by Benjamin Graham's standard. The stock carries a low trailing P/E ratio of 11.0x.

On financial health, FMBH shows a moderate Piotroski F-Score of 4/9, and modest return on equity of 9.1% (sector average: 5.8%), and manageable leverage with a debt-to-equity ratio of 0.37.

StockPik's composite Value Score for FMBH is 80/100 — placing it in undervalued territory. The score is built from ten fundamental signals: P/E, P/B, PEG ratio, P/S ratio, return on equity, gross margin, debt-to-equity, current ratio, dividend yield, and Piotroski F-Score.

FMBH shows earnings growing at 16%.

FMBH pays a modest dividend yield of 2.4%.

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How is the Value Score calculated?

Read our full methodology →

What is the margin of safety?

How to calculate the margin of safety using the Graham Number, and what counts as a good margin of safety →

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