As of 2024-09-10, the Relative Valuation of Mercantile Bank Corp (MBWM) is 48.38 USD. This relative valuation is based on P/E multiples. With the latest stock price at 43.00 USD, the upside of Mercantile Bank Corp based on Relative Valuation is 12.5%.
The range of the Relative Valuation is 42.60 - 54.66 USD.
| Range | Selected | |
| Trailing P/E multiples | 9.6x - 10.9x | 10.0x |
| Forward P/E multiples | 8.1x - 9.9x | 8.8x |
| Fair Price | 42.60 - 54.66 | 48.38 |
| Upside | -0.9% - 27.1% | 12.5% |
| Date | P/E |
| 2024-09-09 | 8.54 |
| 2024-09-06 | 8.51 |
| 2024-09-05 | 8.78 |
| 2024-09-04 | 8.82 |
| 2024-09-03 | 9.08 |
| 2024-08-30 | 9.14 |
| 2024-08-29 | 9.06 |
| 2024-08-28 | 9.11 |
| 2024-08-27 | 9.02 |
| 2024-08-26 | 9.03 |
| 2024-08-23 | 9.19 |
| 2024-08-22 | 8.59 |
| 2024-08-21 | 8.58 |
| 2024-08-20 | 8.48 |
| 2024-08-19 | 8.71 |
| 2024-08-16 | 8.60 |
| 2024-08-15 | 8.52 |
| 2024-08-14 | 8.30 |
| 2024-08-13 | 8.41 |
| 2024-08-12 | 8.25 |
| 2024-08-09 | 8.25 |
| 2024-08-08 | 8.43 |
| 2024-08-07 | 8.27 |
| 2024-08-06 | 8.40 |
| 2024-08-05 | 8.47 |
| 2024-08-02 | 8.76 |
| 2024-08-01 | 9.16 |
| 2024-07-31 | 9.61 |
| 2024-07-30 | 9.71 |
| 2024-07-29 | 9.67 |
| 2024-07-26 | 10.02 |
| 2024-07-25 | 9.90 |
| 2024-07-24 | 9.53 |
| 2024-07-23 | 9.75 |
| 2024-07-22 | 9.70 |
| 2024-07-19 | 9.53 |
| 2024-07-18 | 9.51 |
| 2024-07-17 | 9.84 |
| 2024-07-16 | 9.82 |
| 2024-07-15 | 8.77 |
| 2024-07-12 | 8.44 |
| 2024-07-11 | 8.43 |
| 2024-07-10 | 7.95 |
| 2024-07-09 | 7.76 |
| 2024-07-08 | 7.69 |
| 2024-07-05 | 7.61 |
| 2024-07-03 | 7.79 |
| 2024-07-02 | 7.97 |
| 2024-07-01 | 7.92 |
| 2024-06-28 | 8.06 |