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Mercantile BankMBWM +0.78%67 EV-to-OCF is 16.20 as of Aug. 30, 2026, which is 11% above its 10-year median of 14.54. GuruFocus rates MBWM with a GF Score™ of 67/100 and a GF Value™ of $48.83 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,493 Banks companies, Mercantile Bank ranks worse than 85.06% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Mercantile Bank's Enterprise Value is $1,172.1 Mil.
Mercantile Bank's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $72.3 Mil. Therefore, Mercantile Bank's EV-to-OCF for today is 16.20.
The historical rank and industry rank for Mercantile Bank's EV-to-OCF or its related term are showing as below:
MBWM'
s EV-to-OCF Range Over the Past 10 Years
Min: 1.09 Med: 14.54 Max: 50.82
Current: 16.2
During the past 13 years, the highest EV-to-OCF of Mercantile Bank was 50.82. The lowest was 1.09. And the median was 14.54.
MBWM's EV-to-OCF is ranked worse than 85.06% of 1493
companies
in the Banks industry
Industry Median: 3.89
vs MBWM: 16.20
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Mercantile Bank's PE Ratio (TTM) for today is calculated as:
Mercantile Bank's share price for today is $60.2525.
Mercantile Bank's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.680.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Mercantile Bank EV-to-OCF Related Terms
Mercantile Bank EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Mercantile Bank's EV-to-OCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, Mercantile Bank's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mercantile Bank EV-to-OCF vs Banks Industry
For the Banks industry and Financial Services sector, Mercantile Bank's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Mercantile Bank's EV-to-OCF falls into.
Mercantile Bank's current Enterprise Value is $1,172.1 Mil.
Mercantile Bank's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $72.3 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mercantile Bank (MBWM) has a EV-to-OCF of 16.20 as of Aug. 30, 2026. This is 11% above median its historical median of 14.54. Over the past decade, Mercantile Bank's EV-to-OCF has ranged from 1.09 to 50.82. According to the industry distribution chart, Mercantile Bank ranks #1270 out of 1493 companies in the Banks industry, placing it in the top 85.1%.
Is Mercantile Bank's EV-to-OCF too high?
Mercantile Bank's current EV-to-OCF of 16.20 is 11% above median its 10-year median of 14.54. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 50.82. The Banks industry median EV-to-OCF is 3.89. Mercantile Bank's value of 16.20 is 316.5% above this industry median. Based on the distribution chart, Mercantile Bank ranks #1270 out of 1493 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Mercantile Bank has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercantile Bank's EV-to-OCF compare to SBSI and BFST?
According to the Banks industry distribution chart, Mercantile Bank ranks #1270 out of 1493 companies for EV-to-OCF. This places Mercantile Bank in the lower half of its industry. The industry median EV-to-OCF is 3.89. Mercantile Bank's value of 16.20 is 316.5% above this benchmark. Historically, Mercantile Bank's own EV-to-OCF has ranged from 1.09 to 50.82 over the past decade. While the company's 10-year median is 14.54 vs. the industry median of 3.89, Mercantile Bank has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Banks company?
The median EV-to-OCF among Banks companies is 3.89, based on 1,493 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mercantile Bank's current EV-to-OCF of 16.20 is 316.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Banks industry, the median EV-to-OCF is 3.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercantile Bank's current EV-to-OCF is 16.20, which is 11% above median its own 10-year median of 14.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercantile Bank stock overvalued right now?
Based on GuruFocus' analysis, Mercantile Bank (MBWM) is currently considered Modestly Overvalued. The stock's GF Value™ is $48.83, compared to a current price of $60.25 — trading 23.4% above its estimated fair value. The current EV-to-OCF is 16.20, which is 11% above median its 10-year median of 14.54 and 316.5% above the Banks industry median of 3.89. Mercantile Bank's overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Mercantile Bank (MBWM), the current EV-to-OCF is 16.20 as of Aug. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mercantile Bank (MBWM) Overvalued in 2026?
Based on GuruFocus' analysis, Mercantile Bank stock appears to be overvalued.
The current stock price of $60.25 is trading 23.4% above its estimated GF Value™ of $48.83.
GuruFocus considers Mercantile Bank to be Modestly Overvalued.
Key valuation signals for MBWM:
EV-to-OCF: 16.20 (11% above median its 10-year median of 14.54)
GF Value™: $48.83 vs. price of $60.25 (23.4% above fair value)
Industry Position: 316.5% above the Banks median (#1270 of 1493)
No single metric tells the full story. See the MBWM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercantile Bank Corp operates as a bank holding company. It offers various commercial banking services to individuals, businesses, governmental units, and other institutions. These services include deposit products such as checking, savings, and term certificate accounts and lending products such as commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.
67GF Score
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