MBWM
Mercantile Bank Corp
Price:  
43.56 
USD
Volume:  
57,774.00
United States | Banks
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MBWM Fair Value

26.77 %
Upside

What is the fair value of MBWM?

As of 2025-06-19, the Fair Value of Mercantile Bank Corp (MBWM) is 55.22 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 43.56 USD, the upside of Mercantile Bank Corp is 26.77%.

Is MBWM a good investment?

With the market price of 43.56 USD and our fair value calculation, Mercantile Bank Corp (MBWM) is a good investment. Investing in MBWM stocks now will result in a potential gain of 26.77%.

43.56 USD
Stock Price
55.22 USD
Fair Price
FAIR VALUE CALCULATION

MBWM Fair Value

Peter Lynch's formula is:

MBWM Fair Value
= Earnings Growth Rate x TTM EPS
MBWM Fair Value
= 11.56 x 4.78
MBWM Fair Value
= 55.22

The earnings growth rate we use in the formula is the average growth rate of net income/earnings over the last 5 years. If the average growth rate is smaller than 5%, we set it to 5%. If it is larger than 25%, we set it to 25%. If the TTM EPS is negative, Peter Lynch Fair Value's result can be unreliable.

Historical Earnings
2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31 5Y Avg
Net income 44.10 59.00 61.10 82.22 79.59 65.20
YoY growth -10.91% 33.79% 3.56% 34.56% -3.19% 11.56%

MBWM Fair Value - Key Data

Market Cap (mil) 707.41
P/E 9.12x
Forward P/E 8.63x
EPS 4.78
Avg earnings growth rate 11.56%
TTM earnings 77.57