As of 2025-01-16, the Relative Valuation of Mercantile Bank Corp (MBWM) is 54.57 USD. This relative valuation is based on P/E multiples. With the latest stock price at 44.38 USD, the upside of Mercantile Bank Corp based on Relative Valuation is 23.0%.
The range of the Relative Valuation is 47.75 - 59.77 USD.
| Range | Selected | |
| Trailing P/E multiples | 11.7x - 12.1x | 11.7x |
| Forward P/E multiples | 9.1x - 10.1x | 9.8x |
| Fair Price | 47.75 - 59.77 | 54.57 |
| Upside | 7.6% - 34.7% | 23.0% |
| Date | P/E |
| 2025-01-15 | 8.95 |
| 2025-01-14 | 8.77 |
| 2025-01-13 | 8.52 |
| 2025-01-10 | 8.41 |
| 2025-01-08 | 8.65 |
| 2025-01-07 | 8.66 |
| 2025-01-06 | 8.79 |
| 2025-01-03 | 8.91 |
| 2025-01-02 | 8.83 |
| 2024-12-31 | 8.98 |
| 2024-12-30 | 9.01 |
| 2024-12-27 | 9.04 |
| 2024-12-26 | 9.19 |
| 2024-12-24 | 9.16 |
| 2024-12-23 | 9.10 |
| 2024-12-20 | 9.17 |
| 2024-12-19 | 9.05 |
| 2024-12-18 | 9.11 |
| 2024-12-17 | 9.68 |
| 2024-12-16 | 9.94 |
| 2024-12-13 | 9.92 |
| 2024-12-12 | 10.01 |
| 2024-12-11 | 10.24 |
| 2024-12-10 | 10.13 |
| 2024-12-09 | 10.06 |
| 2024-12-06 | 10.19 |
| 2024-12-05 | 10.21 |
| 2024-12-04 | 10.26 |
| 2024-12-03 | 10.08 |
| 2024-12-02 | 10.23 |
| 2024-11-29 | 10.10 |
| 2024-11-27 | 10.19 |
| 2024-11-26 | 10.11 |
| 2024-11-25 | 10.32 |
| 2024-11-22 | 10.17 |
| 2024-11-21 | 9.89 |
| 2024-11-20 | 9.75 |
| 2024-11-19 | 9.80 |
| 2024-11-18 | 9.79 |
| 2024-11-15 | 9.91 |
| 2024-11-14 | 9.98 |
| 2024-11-13 | 10.00 |
| 2024-11-12 | 10.13 |
| 2024-11-11 | 10.16 |
| 2024-11-08 | 9.78 |
| 2024-11-07 | 9.68 |
| 2024-11-06 | 10.32 |
| 2024-11-05 | 8.86 |
| 2024-11-04 | 8.68 |
| 2024-11-01 | 8.72 |