MBWM
Mercantile Bank Corp
Price:  
38.09 
USD
Volume:  
31,755.00
United States | Banks
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MBWM Relative Valuation

21.4%
Upside

As of 2024-05-27, the Relative Valuation of Mercantile Bank Corp (MBWM) is 46.24 USD. This relative valuation is based on P/E multiples. With the latest stock price at 38.09 USD, the upside of Mercantile Bank Corp based on Relative Valuation is 21.4%.

The range of the Relative Valuation is 42.74 - 48.75 USD.

Range Selected
Trailing P/E multiples 8.3x - 9.3x 8.9x
Forward P/E multiples 8.3x - 9.3x 8.9x
Fair Price 42.74 - 48.75 46.24
Upside 12.2% - 28.0% 21.4%
38.09 USD
Stock Price
46.24 USD
Fair Price

MBWM Relative Valuation - Historical P/E Data

Date P/E
2024-05-24 7.41
2024-05-23 7.37
2024-05-22 7.61
2024-05-21 7.67
2024-05-20 7.64
2024-05-17 7.76
2024-05-16 7.78
2024-05-15 7.76
2024-05-14 7.61
2024-05-13 7.59
2024-05-10 7.71
2024-05-09 7.71
2024-05-08 7.70
2024-05-07 7.69
2024-05-06 7.67
2024-05-03 7.49
2024-05-02 7.42
2024-05-01 7.30
2024-04-30 7.02
2024-04-29 7.03
2024-04-26 7.04
2024-04-25 7.10
2024-04-24 7.18
2024-04-23 7.19
2024-04-22 7.10
2024-04-19 7.02
2024-04-18 6.72
2024-04-17 6.54
2024-04-16 6.65
2024-04-15 6.90
2024-04-12 6.96
2024-04-11 6.92
2024-04-10 6.85
2024-04-09 7.24
2024-04-08 7.26
2024-04-05 7.21
2024-04-04 7.21
2024-04-03 7.17
2024-04-02 7.17
2024-04-01 7.29
2024-03-28 7.49
2024-03-27 7.40
2024-03-26 7.18
2024-03-25 7.18
2024-03-22 7.18
2024-03-21 7.29
2024-03-20 7.22
2024-03-19 6.93
2024-03-18 6.88
2024-03-15 6.95