Mercantile Bank (MBWM) - P/B ratio

P/B ratio as of September 2024 : 1.37

According to Mercantile Bank's latest financial reports the company has a price-to-book ratio of 1.37.
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 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
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
Independent Bank (Michigan) IBCP	1.69	23.37%	🇺🇸 USA
Macatawa Bank MCBC	1.74	26.76%	🇺🇸 USA
1st Source SRCE	1.33	-2.68%	🇺🇸 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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