Mercantile Bank CorporationMBWMNASDAQ
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PE Ratio History
Trending higher, below historical average, slight contraction.
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Price-to-earnings ratio
Latest
9.02
↓ 26% below average
Average (9y)
12.13
Historical baseline
Range
High:19.25
Low:7.87
CAGR
-5.6%
Structural decline
| Period | Value | Change |
|---|---|---|
| 2024 | 9.02 | +14.6% |
| 2023 | 7.87 | -9.5% |
| 2022 | 8.70 | -8.4% |
| 2021 | 9.49 | -5.3% |
| 2020 | 10.01 | -17.2% |
| 2019 | 12.10 | +8.4% |
| 2018 | 11.16 | -40.1% |
| 2017 | 18.64 | -3.2% |
| 2016 | 19.25 | +27.6% |
| 2015 | 15.08 | - |