Mercantile Bank Corp
NASDAQ:MBWM

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Mercantile Bank Corp
NASDAQ:MBWM
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Price: 49.81 USD -0.24% Market Closed
Market Cap: 809.4m USD

Relative Value

The Relative Value of one MBWM stock under the Base Case scenario is 53.82 USD. Compared to the current market price of 49.81 USD, Mercantile Bank Corp is Undervalued by 7%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

MBWM Relative Value
Base Case
53.82 USD
Undervaluation 7%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
4
vs Industry
33
Median 3Y
2.9
Median 5Y
2.7
Industry
2.8
Forward
3.3
vs History
20
vs Industry
58
Median 3Y
8.4
Median 5Y
8.5
Industry
11.5
Forward
9
vs History
9
vs Industry
26
Median 3Y
1.2
Median 5Y
1.1
Industry
1
vs History
6
vs Industry
31
Median 3Y
0.2
Median 5Y
0.1
Industry
0.1

Multiples Across Competitors

MBWM Competitors Multiples
Mercantile Bank Corp Competitors

All Multiples
P/S
P/E
P/B
All Countries
Close
Market Cap P/S P/E P/B
US
Mercantile Bank Corp
NASDAQ:MBWM
809.6m USD 3.4 9.5 1.2
US
PNC Financial Services Group Inc
NYSE:PNC
83.1B USD 3.7 13.5 1.4
US
Truist Financial Corp
NYSE:TFC
64.3B USD 3.2 13.1 1
US
M&T Bank Corp
NYSE:MTB
31.9B USD 3.3 12.2 1.1
US
Fifth Third Bancorp
NASDAQ:FITB
31.6B USD 3.5 14 1.5
CN
Bank of Jiangsu Co Ltd
SSE:600919
189.6B CNY 2.1 5.9 0.6
US
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
26.4B USD 2.8 11.6 1.2
CN
Bank of Ningbo Co Ltd
SZSE:002142
185B CNY 2.4 6.6 0.7
US
Huntington Bancshares Inc
NASDAQ:HBAN
26B USD 3.3 12.3 1.2
US
Citizens Financial Group Inc
NYSE:CFG
25.3B USD 3.1 16.1 1
US
Regions Financial Corp
NYSE:RF
24.5B USD 3.3 11.9 1.3