MBWM
Mercantile Bank Corp
Price:  
48.97 
USD
Volume:  
45,987.00
United States | Banks
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MBWM Relative Valuation

20.3%
Upside

As of 2025-07-04, the Relative Valuation of Mercantile Bank Corp (MBWM) is 58.94 USD. This relative valuation is based on P/E multiples. With the latest stock price at 48.97 USD, the upside of Mercantile Bank Corp based on Relative Valuation is 20.3%.

The range of the Relative Valuation is 53.97 - 66.38 USD.

Range Selected
Trailing P/E multiples 11.3x - 12.7x 11.9x
Forward P/E multiples 11.2x - 13.5x 12.4x
Fair Price 53.97 - 66.38 58.94
Upside 10.2% - 35.5% 20.3%
48.97 USD
Stock Price
58.94 USD
Fair Price

MBWM Relative Valuation - Historical P/E Data

Date P/E
2025-07-02 10.25
2025-07-01 10.01
2025-06-30 9.72
2025-06-27 9.70
2025-06-26 9.63
2025-06-25 9.45
2025-06-24 9.45
2025-06-23 9.41
2025-06-20 9.18
2025-06-18 9.12
2025-06-17 9.02
2025-06-16 9.07
2025-06-13 9.11
2025-06-12 9.37
2025-06-11 9.43
2025-06-10 9.53
2025-06-09 9.35
2025-06-06 9.31
2025-06-05 9.09
2025-06-04 9.14
2025-06-03 9.25
2025-06-02 9.15
2025-05-30 9.25
2025-05-29 9.38
2025-05-28 9.29
2025-05-27 9.39
2025-05-23 9.15
2025-05-22 9.27
2025-05-21 9.32
2025-05-20 9.63
2025-05-19 9.61
2025-05-16 9.59
2025-05-15 9.70
2025-05-14 9.57
2025-05-13 9.62
2025-05-12 9.53
2025-05-09 9.16
2025-05-08 9.19
2025-05-07 9.07
2025-05-06 9.03
2025-05-05 9.06
2025-05-02 9.13
2025-05-01 8.89
2025-04-30 8.86
2025-04-29 9.00
2025-04-28 8.84
2025-04-25 8.76
2025-04-24 8.81
2025-04-23 8.70
2025-04-22 8.72