As of 2024-12-15, the Relative Valuation of Mercantile Bank Corp (MBWM) is 58.22 USD. This relative valuation is based on P/E multiples. With the latest stock price at 49.15 USD, the upside of Mercantile Bank Corp based on Relative Valuation is 18.4%.
The range of the Relative Valuation is 49.84 - 64.83 USD.
| Range | Selected | |
| Trailing P/E multiples | 12.4x - 13.1x | 12.8x |
| Forward P/E multiples | 9.5x - 11.3x | 10.1x |
| Fair Price | 49.84 - 64.83 | 58.22 |
| Upside | 1.4% - 31.9% | 18.4% |
| Date | P/E |
| 2024-12-13 | 9.92 |
| 2024-12-12 | 10.01 |
| 2024-12-11 | 10.24 |
| 2024-12-10 | 10.13 |
| 2024-12-09 | 10.06 |
| 2024-12-06 | 10.19 |
| 2024-12-05 | 10.21 |
| 2024-12-04 | 10.26 |
| 2024-12-03 | 10.08 |
| 2024-12-02 | 10.23 |
| 2024-11-29 | 10.10 |
| 2024-11-27 | 10.19 |
| 2024-11-26 | 10.11 |
| 2024-11-25 | 10.32 |
| 2024-11-22 | 10.17 |
| 2024-11-21 | 9.89 |
| 2024-11-20 | 9.75 |
| 2024-11-19 | 9.80 |
| 2024-11-18 | 9.79 |
| 2024-11-15 | 9.91 |
| 2024-11-14 | 9.98 |
| 2024-11-13 | 10.00 |
| 2024-11-12 | 10.13 |
| 2024-11-11 | 10.16 |
| 2024-11-08 | 9.78 |
| 2024-11-07 | 9.68 |
| 2024-11-06 | 10.32 |
| 2024-11-05 | 8.86 |
| 2024-11-04 | 8.68 |
| 2024-11-01 | 8.72 |
| 2024-10-31 | 8.65 |
| 2024-10-30 | 8.87 |
| 2024-10-29 | 8.83 |
| 2024-10-28 | 8.94 |
| 2024-10-25 | 8.60 |
| 2024-10-24 | 8.83 |
| 2024-10-23 | 8.84 |
| 2024-10-22 | 8.85 |
| 2024-10-21 | 8.75 |
| 2024-10-18 | 9.16 |
| 2024-10-17 | 9.36 |
| 2024-10-16 | 9.37 |
| 2024-10-15 | 9.00 |
| 2024-10-14 | 8.76 |
| 2024-10-11 | 8.86 |
| 2024-10-10 | 8.41 |
| 2024-10-09 | 8.50 |
| 2024-10-08 | 8.38 |
| 2024-10-07 | 8.42 |
| 2024-10-04 | 8.43 |