MBWMMercantile Bank Corporation

$61.07+38% 1Y

$61.07

$42.3052 weeks$62.16

Is the price fair?

Watch

At the top of its own P/E range. That is the only one of 3 checks this filer's data supports, so take it as a single data point rather than a settled answer.

1 to watch, 2 without data

Vs its own P/E rangedearer than 83% of its own historyderived

Expensive vs its own history: P/E 10.7 vs a 8.7 median over 41 quarters (+24% vs median).

Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.

What MBWM's price assumes

Mercantile Bank Corporation trades at 10.7× earnings against 12.3× for the median Banks - Regional name, cheaper than its own group.

10.7

Trailing P/E · Banks - Regional median 12.3 · cheaper than the typical name in its group

Price / sales: 2.92
Price / sales · as of 2026-Q2
Price / book: 1.31
Price / book · as of 2026-Q2

Details›

Price / bookas of 2026-Q2: 1.31
Financial Services median P/E599 names: 12.5
Banks - Regional median P/E234 names: 12.3
Market capitalisation17.3 million shares, counted Jul 24, 2026: $1.06B

What the market has paid for these earnings: 41 quarters of its own multiple × $5.69 of trailing earnings per share
Method	Per share
Its own P/E history, lower quartile	$42.93
Its own P/E history, median	$49.29
Its own P/E history, upper quartile	$54.76
52-week range	$42.30 – $62.16
Today	$61.07

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.