As of 2024-07-27, the Relative Valuation of Mercantile Bank Corp (MBWM) is 53.09 USD. This relative valuation is based on P/E multiples. With the latest stock price at 50.44 USD, the upside of Mercantile Bank Corp based on Relative Valuation is 5.3%.
The range of the Relative Valuation is 50.01 - 58.36 USD.
| Range | Selected | |
| Trailing P/E multiples | 10.0x - 11.6x | 10.8x |
| Forward P/E multiples | 9.5x - 10.6x | 9.9x |
| Fair Price | 50.01 - 58.36 | 53.09 |
| Upside | -0.8% - 15.7% | 5.3% |
| Date | P/E |
| 2024-07-26 | 10.01 |
| 2024-07-25 | 9.89 |
| 2024-07-24 | 9.52 |
| 2024-07-23 | 9.74 |
| 2024-07-22 | 9.68 |
| 2024-07-19 | 9.52 |
| 2024-07-18 | 9.50 |
| 2024-07-17 | 9.83 |
| 2024-07-16 | 9.81 |
| 2024-07-15 | 8.75 |
| 2024-07-12 | 8.43 |
| 2024-07-11 | 8.42 |
| 2024-07-10 | 7.94 |
| 2024-07-09 | 7.75 |
| 2024-07-08 | 7.68 |
| 2024-07-05 | 7.60 |
| 2024-07-03 | 7.78 |
| 2024-07-02 | 7.96 |
| 2024-07-01 | 7.91 |
| 2024-06-28 | 8.05 |
| 2024-06-27 | 7.84 |
| 2024-06-26 | 7.59 |
| 2024-06-25 | 7.43 |
| 2024-06-24 | 7.51 |
| 2024-06-21 | 7.32 |
| 2024-06-20 | 7.41 |
| 2024-06-18 | 7.31 |
| 2024-06-17 | 7.29 |
| 2024-06-14 | 7.16 |
| 2024-06-13 | 7.32 |
| 2024-06-12 | 7.41 |
| 2024-06-11 | 7.23 |
| 2024-06-10 | 7.19 |
| 2024-06-07 | 7.22 |
| 2024-06-06 | 7.38 |
| 2024-06-05 | 7.39 |
| 2024-06-04 | 7.31 |
| 2024-06-03 | 7.48 |
| 2024-05-31 | 7.60 |
| 2024-05-30 | 7.51 |
| 2024-05-29 | 7.33 |
| 2024-05-28 | 7.50 |
| 2024-05-24 | 7.56 |
| 2024-05-23 | 7.51 |
| 2024-05-22 | 7.76 |
| 2024-05-21 | 7.81 |
| 2024-05-20 | 7.78 |
| 2024-05-17 | 7.92 |
| 2024-05-16 | 7.93 |
| 2024-05-15 | 7.91 |