Mercantile Bank (MBWM)

P/S ratio as of September 2024 (TTM): 3.20

According to Mercantile Bank's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 3.19604. At the end of 2024 the company had a P/S ratio of 2.71.

P/S ratio history for Mercantile Bank from 2001 to 2024

PS ratio at the end of each year

Year	P/S ratio	Change
2024	2.71	-5.35%
2023	2.87	2.74%
2022	2.79	-9.86%
2021	3.10	16.82%
2020	2.65	-32.98%
2019	3.95	17.71%
2018	3.36	-25.85%
2017	4.53	-6.45%
2016	4.84	41.4%
2015	3.42	-15.73%
2014	4.06	17.08%
2013	3.47	32.17%
2012	2.63	83.2%
2011	1.43	33.39%
2010	1.07	143.32%
2009	0.4417	-35.59%
2008	0.6859	-68.12%
2007	2.15	-52.44%
2006	4.52	-5.64%
2005	4.79	-21.14%
2004	6.08	-12.7%
2003	6.96	52.5%
2002	4.57	0.65%
2001	4.54

P/S ratio for similar companies or competitors

Company	P/S ratio	P/S ratio differencediff.	Country
Independent Bank (Michigan) IBCP	3.46	8.35%	🇺🇸 USA
Macatawa Bank MCBC	4.97	55.48%	🇺🇸 USA
1st Source SRCE	3.92	22.79%	🇺🇸 USA

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In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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P/S ratio for Mercantile Bank (MBWM)

P/S ratio as of September 2024 (TTM): 3.20