As of 2025-11-01, the Relative Valuation of Mercantile Bank Corp (MBWM) is 60.70 USD. This relative valuation is based on P/E multiples. With the latest stock price at 43.85 USD, the upside of Mercantile Bank Corp based on Relative Valuation is 38.4%.
The range of the Relative Valuation is 52.64 - 72.29 USD.
| Range | Selected | |
| Trailing P/E multiples | 10.0x - 12.0x | 11.0x |
| Forward P/E multiples | 10.5x - 13.7x | 12.1x |
| Fair Price | 52.64 - 72.29 | 60.70 |
| Upside | 20.0% - 64.8% | 38.4% |
| Date | P/E |
| 2025-10-30 | 8.31 |
| 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 |
| 2025-10-17 | 8.28 |
| 2025-10-16 | 8.20 |
| 2025-10-15 | 8.64 |
| 2025-10-14 | 8.79 |
| 2025-10-13 | 8.56 |
| 2025-10-10 | 8.39 |
| 2025-10-09 | 8.55 |
| 2025-10-08 | 8.58 |
| 2025-10-07 | 8.61 |
| 2025-10-06 | 8.69 |
| 2025-10-03 | 8.53 |
| 2025-10-02 | 8.48 |
| 2025-10-01 | 8.52 |
| 2025-09-30 | 8.55 |
| 2025-09-29 | 8.53 |
| 2025-09-26 | 8.70 |
| 2025-09-25 | 8.69 |
| 2025-09-24 | 8.75 |
| 2025-09-23 | 8.79 |
| 2025-09-22 | 8.85 |
| 2025-09-19 | 8.93 |
| 2025-09-18 | 9.17 |
| 2025-09-17 | 8.89 |
| 2025-09-16 | 8.89 |
| 2025-09-15 | 9.01 |
| 2025-09-12 | 9.07 |
| 2025-09-11 | 9.18 |
| 2025-09-10 | 9.08 |
| 2025-09-09 | 9.08 |
| 2025-09-08 | 9.23 |
| 2025-09-05 | 9.25 |
| 2025-09-04 | 9.34 |
| 2025-09-03 | 9.25 |
| 2025-09-02 | 9.32 |
| 2025-08-29 | 9.36 |
| 2025-08-28 | 9.44 |
| 2025-08-27 | 9.46 |
| 2025-08-26 | 9.40 |
| 2025-08-25 | 9.34 |
| 2025-08-22 | 9.40 |
| 2025-08-21 | 8.91 |