Start with its own history
At 13.86×, FBMS is 10.9% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · FBMSBanks - RegionalUpdated Nov 4, 2026
The First Bancshares, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
13.86×
10.9% belowthe 10-year annual average
Share price33.81
÷Earnings per share2.44
Price and EPS in quote currency. Calculation details
Investors are paying 13.86 for every 1 of reported earnings per share.
P/E over time
2015 – 2024
Annual P/ESelected-period average 15.56×
3-year average12.55×3 positive annual observations
5-year average12.53×5 positive annual observations
10-year average15.56×10 positive annual observations
Peer median · TTM15.91×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 22 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2024 | 14.29× | +17.4% |
| Dec 31, 2023 | 12.17× | +8.7% |
| Dec 31, 2022 | 11.19× | -12.2% |
| Dec 31, 2021 | 12.75× | +4.0% |
| Dec 31, 2020 | 12.25× | -11.3% |
| Dec 31, 2019 | 13.82× | -34.7% |
| Dec 31, 2018 | 21.15× | -31.3% |
| Dec 31, 2017 | 30.81× | +99.4% |
View all 22 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2016 | 15.45× | +32.3% |
| Dec 31, 2015 | 11.68× | -3.4% |
| Dec 31, 2014 | 12.09× | -15.5% |
| Dec 31, 2013 | 14.31× | +77.7% |
| Dec 31, 2012 | 8.05× | -12.3% |
| Dec 31, 2011 | 9.18× | -20.1% |
| Dec 31, 2010 | 11.49× | -19.8% |
| Dec 31, 2009 | 14.33× | -1.7% |
| Dec 31, 2008 | 14.58× | -13.2% |
| Dec 31, 2007 | 16.80× | -25.0% |
| Dec 31, 2006 | 22.41× | +13.4% |
| Dec 31, 2005 | 19.75× | +20.5% |
| Dec 31, 2004 | 16.39× | -14.6% |
| Dec 31, 2003 | 19.19× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How FBMS compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 FBMS This stockThe First Bancshares, Inc. | 13.86× |
 NICNicolet Bankshares, Inc. | 16.33× |
 HTLFHeartland Financial USA, Inc. | 38.49× |
 OCFCOceanFirst Financial Corp. | 26.52× |
 BRKLCorgi ETF Trust I - Corgi BRKB 2x Daily ETF | 66.74× |
 PFCPremier Financial Corp. | 15.49× |
 LBAILakeland Bancorp, Inc. | 10.41× |
 MBINMerchants Bancorp | 8.79× |
 BHLBBerkshire Hills Bancorp, Inc. | 11.65× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does FBMS’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 15.91×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take FBMS into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("FBMS", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 33.81 ÷ EPS 2.44 = 13.86×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 4, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
FBMS P/E ratio: common questions
The essentials behind the numbers.
The First Bancshares, Inc.'s current P/E is 13.86× based on the quote data last updated Nov 4, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.