Historical Valuation
Mercantile Bank Corp (MBWM) is now in the Fair zone, suggesting that its current forward PE ratio of 8.82 is considered Fairly compared with the five-year average of 8.78. The fair price of Mercantile Bank Corp (MBWM) is between 45.04 to 57.71 according to relative valuation methord.
Relative Value
Fair Zone
45.04-57.71
Current Price：49.41
Fair
P/E
EV/EBITDA
EV/EBIT
P/S
P/OCF
P/FCF
1Y
3Y
5Y
Trailing
Forward
Mercantile Bank Corp (MBWM) has a current Price-to-Book (P/B) ratio of 1.18. Compared to its 3-year average P/B ratio of 1.18 , the current P/B ratio is approximately 0.13% higher. Relative to its 5-year average P/B ratio of 1.18, the current P/B ratio is about -0.68% higher. Mercantile Bank Corp (MBWM) has a Forward Free Cash Flow (FCF) yield of approximately 8.41%. Compared to its 3-year average FCF yield of 12.09%, the current FCF yield is approximately -30.45% lower. Relative to its 5-year average FCF yield of 12.38% , the current FCF yield is about -32.10% lower.
P/B
Median3y
1.18
Median5y
1.18
FCF Yield
Median3y
12.09
Median5y
12.38
Competitors Valuation Multiple
AI Analysis for MBWM
The average P/S ratio for MBWM competitors is 3.02, providing a benchmark for relative valuation. Mercantile Bank Corp Corp (MBWM.O) exhibits a P/S ratio of 2.90, which is -3.95% above the industry average. Given its robust revenue growth of 6.45%, this premium appears unsustainable.
Performance Decomposition
AI Analysis for MBWM
1Y
3Y
5Y
Market capitalization of MBWM increased by 0.00% over the past 1 year. The primary factor behind the change was an decrease in Unknown from 0.00 to 0.00.
The secondary factor is the Unknown, contributed 0.00%to the performance.
Overall, the performance of MBWM in the past 1 year is driven by Unknown.
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Frequently Asked Questions
Is MBWM currently overvalued or undervalued?
Mercantile Bank Corp (MBWM) is now in the Fair zone, suggesting that its current forward PE ratio of 8.82 is considered Fairly compared with the five-year average of 8.78. The fair price of Mercantile Bank Corp (MBWM) is between 45.04 to 57.71 according to relative valuation methord.
What is Mercantile Bank Corp (MBWM) fair value?
MBWM's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of Mercantile Bank Corp (MBWM) is between 45.04 to 57.71 according to relative valuation methord.
How does MBWM's valuation metrics compare to the industry average?
The average P/S ratio for MBWM's competitors is 3.02, providing a benchmark for relative valuation. Mercantile Bank Corp Corp (MBWM) exhibits a P/S ratio of 2.90, which is -3.95% above the industry average. Given its robust revenue growth of 6.45%, this premium appears unsustainable.
What is the current P/B ratio for Mercantile Bank Corp (MBWM) as of Jan 10 2026?
As of Jan 10 2026, Mercantile Bank Corp (MBWM) has a P/B ratio of 1.18. This indicates that the market values MBWM at 1.18 times its book value.
What is the current FCF Yield for Mercantile Bank Corp (MBWM) as of Jan 10 2026?
As of Jan 10 2026, Mercantile Bank Corp (MBWM) has a FCF Yield of 8.41%. This means that for every dollar of Mercantile Bank Corp’s market capitalization, the company generates 8.41 cents in free cash flow.
What is the current Forward P/E ratio for Mercantile Bank Corp (MBWM) as of Jan 10 2026?
As of Jan 10 2026, Mercantile Bank Corp (MBWM) has a Forward P/E ratio of 8.82. This means the market is willing to pay $8.82 for every dollar of Mercantile Bank Corp’s expected earnings over the next 12 months.
What is the current Forward P/S ratio for Mercantile Bank Corp (MBWM) as of Jan 10 2026?
As of Jan 10 2026, Mercantile Bank Corp (MBWM) has a Forward P/S ratio of 2.90. This means the market is valuing MBWM at $2.90 for every dollar of expected revenue over the next 12 months.