Mercantile Bank
MBWM
$38.47
Share price
0.87%
Change (1 day)
46.61%
Change (1 year)
Categories
Mercantile Bank (MBWM) - P/B ratio
P/B ratio as of May 2024 : 1.18
According to Mercantile Bank's latest financial reports the company has a price-to-book ratio of 1.18.
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.
Mercantile Bank - P/B ratio (from 2001 to 2023)
P/B ratio by year
| Year | P/B ratio | Change |
|---|---|---|
| 2023-12-31 | 1.24 | 2.98% |
| 2022-12-31 | 1.20 | -0.98% |
| 2021-12-31 | 1.22 | 20.95% |
| 2020-12-31 | 1.00 | -30.12% |
| 2019-12-31 | 1.44 | 15.49% |
| 2018-12-31 | 1.25 | -21.9% |
| 2017-12-31 | 1.59 | -11.59% |
| 2016-12-31 | 1.80 | 49.95% |
| 2015-12-31 | 1.20 | 10.59% |
| 2014-12-31 | 1.09 | -11.58% |
| 2013-12-31 | 1.23 | 25.51% |
| 2012-12-31 | 0.9800 | 92.73% |
| 2011-12-31 | 0.5085 | -9.17% |
| 2010-12-31 | 0.5598 | 196.37% |
| 2009-12-31 | 0.1889 | -10.22% |
| 2008-12-31 | 0.2104 | -71.64% |
| 2007-12-31 | 0.7419 | -57.83% |
| 2006-12-31 | 1.76 | -6.62% |
| 2005-12-31 | 1.88 | -6.09% |
| 2004-12-31 | 2.01 | 5.15% |
| 2003-12-31 | 1.91 | 24.9% |
| 2002-12-31 | 1.53 |
P/B ratio for similar companies or competitors
| Company | P/B ratio | differencediff. | Country |
|---|---|---|---|
 Macatawa Bank MCBC | 1.71 | 45.34% | 🇺🇸 USA |
 Independent Bank (Michigan) IBCP | 1.29 | 9.91% | 🇺🇸 USA |
 1st Source
SRCE | 1.18 | 0.53% | 🇺🇸 USA |