Macatawa Bank (MCBC) - P/B ratio

P/B ratio as of September 2024 : 1.74

According to Macatawa Bank's latest financial reports the company has a price-to-book ratio of 1.74.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Macatawa Bank - P/B ratio (from 2001 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.35	-11.88%
2022-12-31	1.53	28.8%
2021-12-31	1.19	-0.24%
2020-12-31	1.19	-31.73%
2019-12-31	1.74	1.68%
2018-12-31	1.71	-12.62%
2017-12-31	1.96	-9.85%
2016-12-31	2.18	61.16%
2015-12-31	1.35	4.47%
2014-12-31	1.29	1.36%
2013-12-31	1.28	111.7%
2012-12-31	0.6024	-7.88%
2011-12-31	0.6539	-39.09%
2010-12-31	1.07	155.41%
2009-12-31	0.4204	6.18%
2008-12-31	0.3959	-56.37%
2007-12-31	0.9074	-58.81%
2006-12-31	2.20	-16.07%
2005-12-31	2.63	18.92%
2004-12-31	2.21	13.25%
2003-12-31	1.95	41.81%
2002-12-31	1.37

P/B ratio for similar companies or competitors

Company	P/B ratio	differencediff.	Country
Independent Bank (Michigan) IBCP	1.71	-1.50%	🇺🇸 USA
Mercantile Bank MBWM	1.40	-19.36%	🇺🇸 USA
First Busey BUSE	1.17	-32.66%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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