Farmers And Merchants Bank of Long Beach (FMBL) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Farmers And Merchants Bank of Long Beach $8,479, price $9,870, upside -14.1%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $4,009 – $9,962 · fair‑value band $6,359 – $10,599 · the $9,870 price screens above the $8,479 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Farmers & Merchants Bank of Long Beach provides various banking products and services to individuals, professionals, and small to medium-sized businesses in the Los Angeles, Orange, and Santa Barbara Counties of the United States.
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Farmers & Merchants Bank of Long Beach provides various banking products and services to individuals, professionals, and small to medium-sized businesses in the Los Angeles, Orange, and Santa Barbara Counties of the United States. It offers checking, savings, Christmas club savings, health savings, market rate savings, and money market accounts; demand and time deposits; certificates of deposit accounts; youth accounts; and individual retirement accounts. The company also provides personal home, commercial real estate, real estate and construction, commercial business, equipment, and small business administration loans, as well as lines of credit, and loans secured by inventory and receivables; financing for residential loans comprising single-family and multifamily loans; and credit and debit cards. In addition, it offers treasury management services comprising account management, receivables and payables, and risk management services; commercial and industrial lending services; and faith-based and healthcare banking services, as well as online and mobile banking services. Further, the company provides digital banking services, such as cash management features, send money, automated clearing house, direct connect, credit score monitoring, and bank-by-text services. Farmers & Merchants Bank of Long Beach was founded in 1907 and is headquartered in Long Beach, California.
Stock analysis
Farmers And Merchants Bank of Long Beach (FMBL) currently trades at $9,870, while our model-based Fair Value estimate is $8,479, implying the stock looks roughly 16.4% overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of $9,060 per share, and 0 of the 6 models we run sit above the $9,870 price.
Bear case: the Dividend Discount group reads lowest at $1,409, and 6 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: $6,359 (bear) to $10,599 (bull), the price of $9,870 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Farmers And Merchants Bank of Long Beach reported revenue of $288M in FY2025 versus $317M in FY2021, a compound −2.3%/yr. Reported net income was $68.3M in FY2025, compounding −12.2%/yr from FY2021.
Key figures
Market cap $1.2B · P/E ratio 17.7 · P/S ratio 4.19 · EPS (TTM) $558.79 · Dividend yield 0.6% · Net margin 23.7% · Return on equity 4.9% · Return on assets (EBIT) 1.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 42% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −14%, FMBL screens cheaper than that median.
Fair Value models
Bear $6,359Fair Value $8,479Bull $10,599
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($473.04 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+12.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−4.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.5%
Start year 2020 (pandemic). Over 10 years: +2.9% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−2.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.0%
Dividend (yield on the price)0.6%
Profit margin 2014 to 2019 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.48% → 39%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−10.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −12.7% a year for the price.
Compare Farmers And Merchants Bank of Long Beach with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1074 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside−14% · Above median
Profitability
Return on equity (TTM)6% · Below median
Return on assets1% · Below median
Net margin (TTM)28% · Below median
Operating margin (TTM)48% · Above median
Growth and dividend
Revenue growth50% · Top 25%
Dividend yield (TTM)0.6% · Bottom 25%
Balance sheet
Debt / equity0.19× · Below median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Farmers And Merchants Bank of Long Beach Fair Value". https://www.fairvalue-calculator.com/stock/FMBL
Frequently asked questions
Is Farmers And Merchants Bank of Long Beach (FMBL) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $8,479 versus a price of $9,870, about −14% upside (overvalued).
What is the fair value of FMBL?
Our model-based fair value for Farmers And Merchants Bank of Long Beach is $8,479 (as of Sep 24, 2026), built from audited fundamentals. The current price: $9,870.
What is the quality score of FMBL?
Farmers And Merchants Bank of Long Beach has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Farmers And Merchants Bank of Long Beach (FMBL)?
Our model-based price target is the fair value of $8,479 (as of Sep 24, 2026) from 6 valuation models. Cautious scenario $6,359, optimistic scenario $10,599. It is a calculation from audited fundamentals, not an analyst target.
What is the Farmers And Merchants Bank of Long Beach stock forecast for 2026?
Our models put fair value at $8,479, about −14% upside versus a price of $9,870 (overvalued). Cautious scenario $6,359, optimistic scenario $10,599. The calculation is refreshed regularly with new filings.
What is the revenue of Farmers And Merchants Bank of Long Beach (FMBL)?
Farmers And Merchants Bank of Long Beach reported trailing-twelve-month revenue of about $304M (latest available figure, as of Sep 24, 2026).
Does Farmers And Merchants Bank of Long Beach pay a dividend?
Farmers And Merchants Bank of Long Beach currently shows a dividend yield of about 0.57% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Farmers And Merchants Bank of Long Beach (FMBL)?
For today's price to be fair in a discounted-cash-flow model, Farmers And Merchants Bank of Long Beach would have to grow free cash flow by -10.6 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of FMBL use?
Our models discount Farmers And Merchants Bank of Long Beach at 9.8 %: a base by market capitalisation (small), damped by beta 0.25, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Farmers And Merchants Bank of Long Beach that is -10.6 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Farmers And Merchants Bank of Long Beach (FMBL) delivered so far?
Over the past 5 years revenue at Farmers And Merchants Bank of Long Beach grew +0.5 % a year. The price currently implies -10.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Farmers And Merchants Bank of Long Beach (FMBL) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Farmers And Merchants Bank of Long Beach (-10.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Farmers And Merchants Bank of Long Beach (FMBL)?
The free-cash-flow yield on the price is 9.08 %: that much free cash flow Farmers And Merchants Bank of Long Beach produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Farmers And Merchants Bank of Long Beach (FMBL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Farmers And Merchants Bank of Long Beach it is $8,479 per share (as of Sep 24, 2026), against a price of $9,870. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Farmers And Merchants Bank of Long Beach stock overvalued or undervalued in 2026?
As of Sep 24, 2026, FMBL trades above its calculated fair value: price $9,870, fair value $8,479, a gap of about −14% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FMBL?
No. The price is what the market pays today ($9,870); the fair value is what the company's own numbers justify ($8,479). For Farmers And Merchants Bank of Long Beach the two are $1,391 per share apart. That gap is exactly why we show both numbers side by side.
How much is Farmers And Merchants Bank of Long Beach worth?
The market values Farmers And Merchants Bank of Long Beach at about $1.2B (market capitalisation, as of Sep 24, 2026). Per share that is $9,870; our models calculate a fair value of $8,479 per share.
What do the bullish and bearish scenarios say about FMBL?
Our models span a range for Farmers And Merchants Bank of Long Beach: cautious scenario $6,359, base $8,479, optimistic $10,599 per share (as of Sep 24, 2026, price $9,870). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FMBL?
Farmers And Merchants Bank of Long Beach trades at a price-to-earnings ratio of 17.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $8,479 is built from several models across several years. Other multiples: P/B 0.8, P/S 3.6.
How solid is the balance sheet of Farmers And Merchants Bank of Long Beach (FMBL)?
Balance-sheet figures for Farmers And Merchants Bank of Long Beach (as of Sep 24, 2026): return on equity 6.3%, debt of 0.19 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is FMBL from its 52-week high?
Farmers And Merchants Bank of Long Beach trades at $9,870, about 1% below its 52-week high of $9,962 and 42% above the low of $6,936 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $8,479 is for.
Which stocks are comparable to Farmers And Merchants Bank of Long Beach?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Farmers And Merchants Bank of Long Beach stock attractive at the current price?
The data as of Sep 24, 2026: price $9,870, calculated fair value $8,479 (−14%), Quality Score 61/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FMBL calculated?
We run Farmers And Merchants Bank of Long Beach through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $8,479, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Farmers And Merchants Bank of Long Beach itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Farmers And Merchants Bank of Long Beach (FMBL)?
The closing price on Sep 23, 2026 was $9,870. Our model-based fair value is $8,479, about −14% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Farmers And Merchants Bank of Long Beach right now?
Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Farmers And Merchants Bank of Long Beach
How large is the market capitalisation of Farmers And Merchants Bank of Long Beach (FMBL)?
The market capitalisation of Farmers And Merchants Bank of Long Beach is $1.2B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Farmers And Merchants Bank of Long Beach (FMBL)?
The price-to-sales ratio of Farmers And Merchants Bank of Long Beach is 4.19 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Farmers And Merchants Bank of Long Beach (FMBL)?
Earnings per share at Farmers And Merchants Bank of Long Beach are $558.79 (price ÷ EPS = P/E 17.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Farmers And Merchants Bank of Long Beach (FMBL)?
The dividend yield of Farmers And Merchants Bank of Long Beach is 0.6% (payout 10.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Farmers And Merchants Bank of Long Beach (FMBL)?
The net margin of Farmers And Merchants Bank of Long Beach is 23.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Farmers And Merchants Bank of Long Beach (FMBL)?
The return on equity (ROE) of Farmers And Merchants Bank of Long Beach is 4.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Farmers And Merchants Bank of Long Beach (FMBL)?
On an EBIT basis the return on assets of Farmers And Merchants Bank of Long Beach is 1.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Farmers And Merchants Bank of Long Beach (FMBL)?
The operating margin of Farmers And Merchants Bank of Long Beach is 37.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Farmers And Merchants Bank of Long Beach (FMBL)?
Revenue at Farmers And Merchants Bank of Long Beach is growing +15.4% versus a year earlier (3y avg −4.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Farmers And Merchants Bank of Long Beach (FMBL)?
Earnings per share at Farmers And Merchants Bank of Long Beach are growing +15.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Farmers And Merchants Bank of Long Beach (FMBL) carry?
The net debt of Farmers And Merchants Bank of Long Beach is $377M (fiscal year 2023, ≈ 3.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Sep 24, 2026