As of 2025-06-22, the Relative Valuation of Mercantile Bank Corp (MBWM) is 55.51 USD. This relative valuation is based on P/E multiples. With the latest stock price at 43.86 USD, the upside of Mercantile Bank Corp based on Relative Valuation is 26.6%.
The range of the Relative Valuation is 49.86 - 64.73 USD.
| Range | Selected | |
| Trailing P/E multiples | 10.4x - 12.5x | 11.4x |
| Forward P/E multiples | 10.0x - 12.8x | 11.2x |
| Fair Price | 49.86 - 64.73 | 55.51 |
| Upside | 13.7% - 47.6% | 26.6% |
| Date | P/E |
| 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 |
| 2025-04-21 | 8.43 |
| 2025-04-17 | 8.52 |
| 2025-04-16 | 8.44 |
| 2025-04-15 | 8.31 |
| 2025-04-14 | 8.12 |
| 2025-04-11 | 8.07 |
| 2025-04-10 | 8.13 |
| 2025-04-09 | 8.61 |