What is the intrinsic value of MBWM?

As of 2025-11-02, the Intrinsic Value of Mercantile Bank Corp (MBWM) is 60.86 USD. This MBWM valuation is based on the model Peter Lynch Fair Value. With the current market price of 43.85 USD, the upside of Mercantile Bank Corp is 38.79%.

Is MBWM undervalued or overvalued?

Based on its market price of 43.85 USD and our intrinsic valuation, Mercantile Bank Corp (MBWM) is undervalued by 38.79%.

	Range	Selected	Upside
a
Fair Value	60.86 - 60.86	60.86	38.79%
P/E	49.38 - 63.27	55.43	26.4%
DDM - Stable	34.83 - 64.73	49.78	13.5%
DDM - Multi	47.71 - 68.97	56.40	28.6%