As of 2026-04-01, the Relative Valuation of Mercantile Bank Corp (MBWM) is 51.43 USD. This relative valuation is based on P/E multiples. With the latest stock price at 50.50 USD, the upside of Mercantile Bank Corp based on Relative Valuation is 1.8%.
The range of the Relative Valuation is 50.22 - 58.59 USD.
| Range | Selected | |
| Trailing P/E multiples | 9.9x - 10.7x | 10.0x |
| Forward P/E multiples | 9.1x - 10.6x | 9.3x |
| Fair Price | 50.22 - 58.59 | 51.43 |
| Upside | -0.6% - 16.0% | 1.8% |
| Date | P/E |
| 2026-03-31 | 9.83 |
| 2026-03-30 | 9.74 |
| 2026-03-27 | 9.60 |
| 2026-03-26 | 9.69 |
| 2026-03-25 | 9.59 |
| 2026-03-24 | 9.70 |
| 2026-03-23 | 9.78 |
| 2026-03-20 | 9.46 |
| 2026-03-19 | 9.78 |
| 2026-03-18 | 9.66 |
| 2026-03-17 | 9.67 |
| 2026-03-16 | 9.74 |
| 2026-03-13 | 9.71 |
| 2026-03-12 | 9.74 |
| 2026-03-11 | 9.72 |
| 2026-03-10 | 9.76 |
| 2026-03-09 | 9.75 |
| 2026-03-06 | 9.79 |
| 2026-03-05 | 10.10 |
| 2026-03-04 | 10.25 |
| 2026-03-03 | 10.22 |
| 2026-03-02 | 10.22 |
| 2026-02-27 | 10.05 |
| 2026-02-26 | 10.37 |
| 2026-02-25 | 10.42 |
| 2026-02-24 | 10.19 |
| 2026-02-23 | 10.18 |
| 2026-02-20 | 10.53 |
| 2026-02-19 | 10.44 |
| 2026-02-18 | 10.50 |
| 2026-02-17 | 10.57 |
| 2026-02-13 | 10.49 |
| 2026-02-12 | 10.46 |
| 2026-02-11 | 10.46 |
| 2026-02-10 | 10.51 |
| 2026-02-09 | 10.63 |
| 2026-02-06 | 10.65 |
| 2026-02-05 | 10.69 |
| 2026-02-04 | 10.66 |
| 2026-02-03 | 10.46 |
| 2026-02-02 | 10.40 |
| 2026-01-30 | 10.11 |
| 2026-01-29 | 9.99 |
| 2026-01-28 | 9.72 |
| 2026-01-27 | 9.90 |
| 2026-01-26 | 9.93 |
| 2026-01-23 | 9.95 |
| 2026-01-22 | 10.37 |
| 2026-01-21 | 10.42 |
| 2026-01-20 | 9.85 |