Mercantile Bank CorporationMBWMNASDAQ
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PB Ratio History
Valuation in line with historical average
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Price-to-book ratio
Latest
1.23
Near historical average
Average (9y)
1.32
Historical baseline
Range
High:1.80
Low:1.00
CAGR
+0.1%
Modest growth trend
| Period | Value | Change |
|---|---|---|
| 2024 | 1.23 | -0.9% |
| 2023 | 1.24 | +3.0% |
| 2022 | 1.20 | -1.9% |
| 2021 | 1.23 | +22.5% |
| 2020 | 1.00 | -30.3% |
| 2019 | 1.44 | +14.9% |
| 2018 | 1.25 | -21.5% |
| 2017 | 1.59 | -11.6% |
| 2016 | 1.80 | +47.6% |
| 2015 | 1.22 | - |