Mercantile Bank Corp
NASDAQ:MBWM

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Mercantile Bank Corp
NASDAQ:MBWM
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Price: 41.84 USD -0.55% Market Closed
Market Cap: 679.5m USD

Relative Value

The Relative Value of one MBWM stock under the Base Case scenario is 40.81 USD. Compared to the current market price of 41.84 USD, Mercantile Bank Corp is Overvalued by 2%.

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
40.81 USD
Overvaluation 2%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
15
vs Industry
33
Median 3Y
2.7
Median 5Y
2.6
Industry
2.5
Forward
2.8
vs History
30
vs Industry
58
Median 3Y
8.4
Median 5Y
7.9
Industry
10.1
Forward
8.5
vs History
36
vs Industry
26
Median 3Y
1.1
Median 5Y
1.1
Industry
0.9
vs History
25
vs Industry
31
Median 3Y
0.1
Median 5Y
0.1
Industry
0.1

Multiples Across Competitors

MBWM Competitors Multiples
Mercantile Bank Corp Competitors

Market Cap P/S P/E P/B
US
Mercantile Bank Corp
NASDAQ:MBWM
679.3m USD 2.9 8.8 1.1
US
PNC Financial Services Group Inc
NYSE:PNC
62.7B USD 2.9 11.1 1.1
US
Truist Financial Corp
NYSE:TFC
49.3B USD 3.7 10.9 0.8
US
M&T Bank Corp
NYSE:MTB
27.2B USD 2.9 10.9 0.9
CN
Bank of Jiangsu Co Ltd
SSE:600919
182.2B CNY 2.2 6 0.6
US
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
23.9B USD 2.5 9.7 1.1
US
Fifth Third Bancorp
NASDAQ:FITB
23.5B USD 2.8 10.9 1.2
CN
Bank of Ningbo Co Ltd
SZSE:002142
163.4B CNY 2.3 6.3 0.7
US
Huntington Bancshares Inc
NASDAQ:HBAN
21B USD 2.8 10.9 1
US
Regions Financial Corp
NYSE:RF
18.2B USD 2.6 9.6 1
JP
Resona Holdings Inc
TSE:8308
2.5T JPY 2.5 11.5 0.9