As of 2026-09-28, the Relative Valuation of Mercantile Bank Corp (MBWM) is 59.41 USD. This relative valuation is based on P/E multiples. With the latest stock price at 60.03 USD, the upside of Mercantile Bank Corp based on Relative Valuation is -1.0%.
The range of the Relative Valuation is 57.10 - 70.22 USD.
| Range | Selected | |
| Trailing P/E multiples | 10.7x - 11.2x | 10.9x |
| Forward P/E multiples | 10.4x - 12.8x | 10.8x |
| Fair Price | 57.10 - 70.22 | 59.41 |
| Upside | -4.9% - 17.0% | -1.0% |
| Date | P/E |
| 2026-09-25 | 10.90 |
| 2026-09-24 | 10.81 |
| 2026-09-23 | 10.66 |
| 2026-09-22 | 10.74 |
| 2026-09-21 | 10.84 |
| 2026-09-18 | 10.90 |
| 2026-09-17 | 10.96 |
| 2026-09-16 | 11.00 |
| 2026-09-15 | 11.22 |
| 2026-09-14 | 11.14 |
| 2026-09-11 | 11.21 |
| 2026-09-10 | 11.13 |
| 2026-09-09 | 10.96 |
| 2026-09-08 | 11.02 |
| 2026-09-04 | 11.28 |
| 2026-09-03 | 11.21 |
| 2026-09-02 | 11.08 |
| 2026-09-01 | 10.74 |
| 2026-08-31 | 10.85 |
| 2026-08-28 | 10.93 |
| 2026-08-27 | 10.85 |
| 2026-08-26 | 10.87 |
| 2026-08-25 | 10.95 |
| 2026-08-24 | 10.95 |
| 2026-08-21 | 10.83 |
| 2026-08-20 | 10.86 |
| 2026-08-19 | 10.82 |
| 2026-08-18 | 11.05 |
| 2026-08-17 | 11.10 |
| 2026-08-14 | 11.18 |
| 2026-08-13 | 11.15 |
| 2026-08-12 | 11.13 |
| 2026-08-11 | 11.05 |
| 2026-08-10 | 11.00 |
| 2026-08-07 | 11.02 |
| 2026-08-06 | 11.14 |
| 2026-08-05 | 11.26 |
| 2026-08-04 | 11.25 |
| 2026-08-03 | 11.03 |
| 2026-07-31 | 10.91 |
| 2026-07-30 | 10.85 |
| 2026-07-29 | 10.97 |
| 2026-07-28 | 10.96 |
| 2026-07-27 | 10.65 |
| 2026-07-24 | 10.62 |
| 2026-07-23 | 10.38 |
| 2026-07-22 | 10.50 |
| 2026-07-21 | 10.84 |
| 2026-07-20 | 10.47 |
| 2026-07-17 | 10.50 |