As of 2026-01-01, the Relative Valuation of Mercantile Bank Corp (MBWM) is 62.34 USD. This relative valuation is based on P/E multiples. With the latest stock price at 48.00 USD, the upside of Mercantile Bank Corp based on Relative Valuation is 29.9%.
The range of the Relative Valuation is 51.69 - 77.26 USD.
| Range | Selected | |
| Trailing P/E multiples | 9.8x - 12.1x | 10.8x |
| Forward P/E multiples | 11.0x - 14.6x | 12.8x |
| Fair Price | 51.69 - 77.26 | 62.34 |
| Upside | 7.7% - 61.0% | 29.9% |
| Date | P/E |
| 2025-12-30 | 9.08 |
| 2025-12-29 | 9.19 |
| 2025-12-26 | 9.26 |
| 2025-12-24 | 9.31 |
| 2025-12-23 | 9.34 |
| 2025-12-22 | 9.33 |
| 2025-12-19 | 9.41 |
| 2025-12-18 | 9.42 |
| 2025-12-17 | 9.35 |
| 2025-12-16 | 9.46 |
| 2025-12-15 | 9.49 |
| 2025-12-12 | 9.42 |
| 2025-12-11 | 9.39 |
| 2025-12-10 | 9.30 |
| 2025-12-09 | 8.96 |
| 2025-12-08 | 8.92 |
| 2025-12-05 | 8.85 |
| 2025-12-04 | 9.03 |
| 2025-12-03 | 9.05 |
| 2025-12-02 | 8.82 |
| 2025-12-01 | 8.84 |
| 2025-11-28 | 8.73 |
| 2025-11-26 | 8.83 |
| 2025-11-25 | 8.88 |
| 2025-11-24 | 8.56 |
| 2025-11-21 | 8.69 |
| 2025-11-20 | 8.37 |
| 2025-11-19 | 8.35 |
| 2025-11-18 | 8.31 |
| 2025-11-17 | 8.34 |
| 2025-11-14 | 8.64 |
| 2025-11-13 | 8.65 |
| 2025-11-12 | 8.68 |
| 2025-11-11 | 8.67 |
| 2025-11-10 | 8.63 |
| 2025-11-07 | 8.57 |
| 2025-11-06 | 8.60 |
| 2025-11-05 | 8.64 |
| 2025-11-04 | 8.37 |
| 2025-11-03 | 8.42 |
| 2025-10-31 | 8.33 |
| 2025-10-30 | 8.32 |
| 2025-10-29 | 8.22 |
| 2025-10-28 | 8.51 |
| 2025-10-27 | 8.51 |
| 2025-10-24 | 8.66 |
| 2025-10-23 | 8.53 |
| 2025-10-22 | 8.60 |
| 2025-10-21 | 8.53 |
| 2025-10-20 | 8.48 |