P/E ratio for Mercantile Bank (MBWM)
P/E ratio as of April 2024 (TTM): 6.89
According to Mercantile Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.89333. At the end of 2022 the company had a P/E ratio of 8.70.
P/E ratio history for Mercantile Bank from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.70 | -8.64% |
| 2021 | 9.52 | -4.7% |
| 2020 | 9.99 | -17.56% |
| 2019 | 12.1 | 8.9% |
| 2018 | 11.1 | -40.23% |
| 2017 | 18.6 | -3.71% |
| 2016 | 19.3 | 28.42% |
| 2015 | 15.1 | -9.75% |
| 2014 | 16.7 | 51.52% |
| 2013 | 11.0 | -11.25% |
| 2012 | 12.4 | 434.41% |
| 2011 | 2.32 | -148.69% |
| 2010 | -4.77 | 864.32% |
| 2009 | -0.4944 | -93.22% |
| 2008 | -7.29 | -148.7% |
| 2007 | 15.0 | -9.81% |
| 2006 | 16.6 | -14.38% |
| 2005 | 19.4 | -14.01% |
| 2004 | 22.5 | -2.96% |
| 2003 | 23.2 | 33.76% |
| 2002 | 17.4 | 8.72% |
| 2001 | 16.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Macatawa Bank MCBC | 10.7 | 55.32% | 🇺🇸 USA |
 Independent Bank (Michigan) IBCP | 8.68 | 25.88% | 🇺🇸 USA |
 1st Source
SRCE | 9.63 | 39.74% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.