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MBWM Valuation

Mercantile Bank Corp
$
47.860
-0.89(-1.826%)1D
  • Overview
  • Forecast
  • Valuation
  • Earnings

MBWM Relative Valuation

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. If the market price exceeds this fair value range, MBWM is overvalued; if below, it's undervalued.

Historical Valuation

Mercantile Bank Corp (MBWM) is now in the Fair zone, suggesting that its current forward PE ratio of 9.92 is considered Fairly compared with the five-year average of 9.16. The fair price of Mercantile Bank Corp (MBWM) is between 40.33 to 55.56 according to relative valuation methord.
Relative Value
Fair Zone
40.33-55.56
Current Price:49.25
Fair
P/E
EV/EBITDA
EV/EBIT
P/S
P/OCF
P/FCF
1Y
3Y
5Y
Trailing
Forward
1.30
P/B
Median3y
1.19
Median5y
1.16
6.25
FCF Yield
Median3y
14.32
Median5y
12.24

Competitors Valuation Multiple

The average P/S ratio for MBWM's competitors is 2.88, providing a benchmark for relative valuation. Mercantile Bank Corp Corp (MBWM) exhibits a P/S ratio of 3.25, which is 12.75% above the industry average. Given its robust revenue growth of 2.80%, this premium appears unsustainable.

FAQ

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Is Mercantile Bank Corp (MBWM) currently overvalued or undervalued?

Mercantile Bank Corp (MBWM) is now in the Fair zone, suggesting that its current forward PE ratio of 9.92 is considered Fairly compared with the five-year average of 9.16. The fair price of Mercantile Bank Corp (MBWM) is between 40.33 to 55.56 according to relative valuation methord.
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What is Mercantile Bank Corp (MBWM) fair value?

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How does MBWM's valuation metrics compare to the industry average?

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What is the current P/B ratio for Mercantile Bank Corp (MBWM) as of Jul 22 2025?

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What is the current FCF Yield for Mercantile Bank Corp (MBWM) as of Jul 22 2025?

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What is the current Forward P/E ratio for Mercantile Bank Corp (MBWM) as of Jul 22 2025?

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What is the current Forward P/S ratio for Mercantile Bank Corp (MBWM) as of Jul 22 2025?