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MBWM Mercantile Bank PE ratio, current and historical analysis

The price-to-earnings ratio for Mercantile Bank stock stands at 10.16 as of Dec 6, 2024. This is calculated based on the current EPS of $4.97 and the stock price of $50.51 per share. An increase of 26% has been recorded in the PE ratio compared to the average of 8.0 of the last four quarters.

MBWM PE ratio history

How has MBWM's PE ratio performed in the past

Over the last ten years, the average PE ratio of Mercantile Bank has been 11.73. The current 10.16 P/E ratio is 13% lower than the historical average. In the past ten years, MBWM's PE ratio peaked in the Dec 2016 quarter at 19.23, with a price of $37.7 and an EPS of $1.96. The Jun 2023 quarter marked the lowest point at 5.57, with a price of $27.62 and an EPS of $4.96.

Average
11.73
Median
11.24
Minimum
5.57
Maximum
19.23

Mercantile Bank PE ratio by year

Maximum annual increase: 49.14% in 2014

Maximum annual decrease: -40.01% in 2018

Year PE ratio Change
2023 7.87 -9.54%
2022 8.7 -8.32%
2021 9.49 -5.38%
2020 10.03 -17.24%
2019 12.12 8.5%
2018 11.17 -40.01%
2017 18.62 -3.17%
2016 19.23 27.69%
2015 15.06 -8.28%
2014 16.42 49.14%

MBWM average PE ratio chart

What is the average PE ratio of MBWM for the past years

Currently, MBWM's PE ratio is higher than its 3 and 5-year historical averages, but it is lower than the 10-year average.

3-year avg
8.17
5-year avg
8.52
10-year avg
11.73
15-year avg
12.4

MBWM PE vs peers

What is MBWM's PE ratio compared to its peers

MBWM's PE ratio stands lower than its peer stocks FITB and SRCE.

Stock name PE ratio Market cap
MBWM Mercantile Bank Corp 10.16 $815.33M
SRCE 1St Source Corp 12.22 $1.57B
IBCP Independent Bank Corp 12.76 $794.39M
FITB Fifth Third Bancorp 15.63 $31.66B

Frequently asked questions

What is Mercantile Bank's PE ratio?

The price to earnings ratio for MBWM stock is 10.16 as of Dec 6, 2024.

What is the 3-year average PE ratio for Mercantile Bank (MBWM)?

The average PE ratio for MBWM stock over the past 3 years is 8.17.

What is the 5-year average PE ratio for Mercantile Bank (MBWM)?

The average PE ratio for MBWM stock over the past 5 years is 8.52.

What is the highest PE ratio for MBWM?

The highest quarterly PE ratio in the last ten years has been 19.23 and it was in the Dec 2016 quarter.

How does the current PE ratio for MBWM compare to its historical average?

The current price to earnings ratio of MBWM is 13% lower than the 10-year historical average.

How is MBWM's PE ratio calculated (Mercantile Bank PE ratio formula)?

The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Dec 6, 2024), Mercantile Bank's stock price is $50.51. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $4.97. Therefore, Mercantile Bank's PE ratio for today is 10.16. PE RATIO(10.16) = STOCK PRICE($50.51) / TTM EPS($4.97)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from and Sharadar.