Mercantile Bank Corp banner

Mercantile Bank Corp
NASDAQ:MBWM

Watchlist Manager
Mercantile Bank Corp Logo
Mercantile Bank Corp
NASDAQ:MBWM
Watchlist
Price: 54.93 USD 0.24%
Market Cap: $892.6m

Relative Value

The Relative Value of one MBWM stock under the Base Case scenario is 48.54 USD. Compared to the current market price of 54.93 USD, Mercantile Bank Corp is Overvalued by 12%.

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
48.54 USD
Overvaluation 12%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

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
943.8m USD 3.9 10.6 1.3
US
PNC Financial Services Group Inc
NYSE:PNC
93.6B USD 4.1 14.4 1.6
US
Truist Financial Corp
NYSE:TFC
69.6B USD 3.5 14.2 1.1
US
M&T Bank Corp
NYSE:MTB
35.5B USD 3.7 13.3 1.2
US
Fifth Third Bancorp
NASDAQ:FITB
35.6B USD 4 15.2 1.7
CN
Bank of Ningbo Co Ltd
SZSE:002142
214.8B CNY 2.8 7.7 0.9
US
Huntington Bancshares Inc
NASDAQ:HBAN
29.8B USD 3.7 14.4 1.2
JP
Resona Holdings Inc
TSE:8308
4.6T JPY 4.4 18.9 1.6
US
Citizens Financial Group Inc
NYSE:CFG
29B USD 3.5 17.2 1.1
CN
Bank of Jiangsu Co Ltd
SSE:600919
191.4B CNY 2.1 6 0.6
US
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
27B USD 2.9 12.8 1.2