Obermatt

Farmers & Merchants Bancorp

NAQ:FMAO · US30779N1054
BanksSmall

360

38
Profit price64
Cash yield81
Price/Sales43
EV / Gross Profit50
Price/Book84
Returns on capital57
Profit margins
Cash Conversion39
Accruals59
Owner Earnings Margin63
Sales growth48
Profit Growth29
Owner Earnings Growth61
Reinvestment45
Price momentum39
Debt load20
Debt serviceability47
Liquidity44
Analyst ratings1
Opinion Changes50
Price Target Upside15
Market mood1
Value Creation13/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Farmers & Merchants Bancorp clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryUSA
IndustryBanks
SizeSmall
TypePublic Company
ExchangeNASDAQCM
Founded1985
Websiteir.fm.bank
ISINUS30779N1054
Last UpdateApr 2, 2026

Description

Farmers & Merchants Bancorp, Inc. operates as a holding company for Farmers & Merchants Bank of Central California (the ‘bank’ or ‘F&M Bank’) that operates all financial service activities. Market Area The company’s primary service area is the mid…

Analysis

Middle-of-the-road

Farmers & Merchants Bancorp, Inc. is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is attractive. You pay 9.4× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is moderate and the balance sheet is adequate. The company scores 13/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
10
2023202420252026

All-time high

57

Feb 2026

All-time low

4

Jan 2025

Average rank

19

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
43
31
7
5
Price/Earnings
74
7
7
13
Price/Book
84
54
48
29
Dividend Yield
81
71
59
63
Value (overall)
83
27
14
7

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →