As of 2026-07-17, the Relative Valuation of Mercantile Bank Corp (MBWM) is 60.40 USD. This relative valuation is based on P/E multiples. With the latest stock price at 58.75 USD, the upside of Mercantile Bank Corp based on Relative Valuation is 2.8%.
The range of the Relative Valuation is 59.28 - 71.82 USD.
| Range | Selected | |
| Trailing P/E multiples | 11.2x - 11.6x | 11.4x |
| Forward P/E multiples | 10.5x - 12.7x | 10.6x |
| Fair Price | 59.28 - 71.82 | 60.40 |
| Upside | 0.9% - 22.2% | 2.8% |
| Date | P/E |
| 2026-07-15 | 10.86 |
| 2026-07-14 | 10.72 |
| 2026-07-13 | 10.79 |
| 2026-07-10 | 10.72 |
| 2026-07-09 | 10.64 |
| 2026-07-08 | 10.55 |
| 2026-07-07 | 10.79 |
| 2026-07-06 | 10.89 |
| 2026-07-02 | 10.86 |
| 2026-07-01 | 11.07 |
| 2026-06-30 | 10.79 |
| 2026-06-29 | 10.74 |
| 2026-06-26 | 10.73 |
| 2026-06-25 | 10.57 |
| 2026-06-24 | 10.48 |
| 2026-06-23 | 10.32 |
| 2026-06-22 | 10.14 |
| 2026-06-18 | 10.10 |
| 2026-06-17 | 10.01 |
| 2026-06-16 | 10.22 |
| 2026-06-15 | 10.10 |
| 2026-06-12 | 10.37 |
| 2026-06-11 | 10.19 |
| 2026-06-10 | 10.22 |
| 2026-06-09 | 10.13 |
| 2026-06-08 | 9.97 |
| 2026-06-05 | 9.91 |
| 2026-06-04 | 9.89 |
| 2026-06-03 | 9.57 |
| 2026-06-02 | 9.94 |
| 2026-06-01 | 9.78 |
| 2026-05-29 | 9.96 |
| 2026-05-28 | 9.93 |
| 2026-05-27 | 9.86 |
| 2026-05-26 | 9.94 |
| 2026-05-22 | 9.81 |
| 2026-05-21 | 9.88 |
| 2026-05-20 | 9.77 |
| 2026-05-19 | 9.57 |
| 2026-05-18 | 9.62 |
| 2026-05-15 | 9.37 |
| 2026-05-14 | 9.60 |
| 2026-05-13 | 9.51 |
| 2026-05-12 | 9.63 |
| 2026-05-11 | 9.62 |
| 2026-05-08 | 9.79 |
| 2026-05-07 | 9.77 |
| 2026-05-06 | 9.81 |
| 2026-05-05 | 9.77 |
| 2026-05-04 | 9.60 |