As of 2025-09-18, the Relative Valuation of Mercantile Bank Corp (MBWM) is 62.23 USD. This relative valuation is based on P/E multiples. With the latest stock price at 46.79 USD, the upside of Mercantile Bank Corp based on Relative Valuation is 33.0%.
The range of the Relative Valuation is 53.40 - 71.67 USD.
| Range | Selected | |
| Trailing P/E multiples | 10.7x - 11.8x | 11.4x |
| Forward P/E multiples | 11.3x - 14.1x | 13.2x |
| Fair Price | 53.40 - 71.67 | 62.23 |
| Upside | 14.1% - 53.2% | 33.0% |
| Date | P/E |
| 2025-09-16 | 9.34 |
| 2025-09-15 | 9.47 |
| 2025-09-12 | 9.53 |
| 2025-09-11 | 9.65 |
| 2025-09-10 | 9.55 |
| 2025-09-09 | 9.54 |
| 2025-09-08 | 9.69 |
| 2025-09-05 | 9.72 |
| 2025-09-04 | 9.81 |
| 2025-09-03 | 9.72 |
| 2025-09-02 | 9.79 |
| 2025-08-29 | 9.83 |
| 2025-08-28 | 9.92 |
| 2025-08-27 | 9.95 |
| 2025-08-26 | 9.87 |
| 2025-08-25 | 9.81 |
| 2025-08-22 | 9.88 |
| 2025-08-21 | 9.36 |
| 2025-08-20 | 9.52 |
| 2025-08-19 | 9.38 |
| 2025-08-18 | 9.34 |
| 2025-08-15 | 9.24 |
| 2025-08-14 | 9.41 |
| 2025-08-13 | 9.41 |
| 2025-08-12 | 9.28 |
| 2025-08-11 | 8.89 |
| 2025-08-08 | 8.89 |
| 2025-08-07 | 8.79 |
| 2025-08-06 | 8.92 |
| 2025-08-05 | 8.99 |
| 2025-08-04 | 8.95 |
| 2025-08-01 | 8.87 |
| 2025-07-31 | 9.12 |
| 2025-07-30 | 9.21 |
| 2025-07-29 | 9.45 |
| 2025-07-28 | 9.53 |
| 2025-07-25 | 9.52 |
| 2025-07-24 | 9.58 |
| 2025-07-23 | 9.76 |
| 2025-07-22 | 9.55 |
| 2025-07-21 | 9.73 |
| 2025-07-18 | 9.70 |
| 2025-07-17 | 9.72 |
| 2025-07-16 | 9.62 |
| 2025-07-15 | 9.54 |
| 2025-07-14 | 9.87 |
| 2025-07-11 | 9.67 |
| 2025-07-10 | 9.97 |
| 2025-07-09 | 9.85 |
| 2025-07-08 | 9.87 |