As of 2026-03-11, the Relative Valuation of Independent Bank Corp (Michigan) (IBCP) is 45.19 USD. This relative valuation is based on P/E multiples. With the latest stock price at 33.83 USD, the upside of Independent Bank Corp (Michigan) based on Relative Valuation is 33.6%.
The range of the Relative Valuation is 33.42 - 54.91 USD.
| Range | Selected | |
| Trailing P/E multiples | 10.0x - 12.3x | 10.9x |
| Forward P/E multiples | 12.9x - 15.6x | 15.4x |
| Fair Price | 33.42 - 54.91 | 45.19 |
| Upside | -1.2% - 62.3% | 33.6% |
| Date | P/E |
| 2026-03-05 | 10.42 |
| 2026-03-04 | 10.60 |
| 2026-03-03 | 10.59 |
| 2026-03-02 | 10.60 |
| 2026-02-27 | 10.42 |
| 2026-02-26 | 10.78 |
| 2026-02-25 | 10.75 |
| 2026-02-24 | 10.61 |
| 2026-02-23 | 10.65 |
| 2026-02-20 | 11.08 |
| 2026-02-19 | 11.01 |
| 2026-02-18 | 10.89 |
| 2026-02-17 | 10.99 |
| 2026-02-13 | 10.98 |
| 2026-02-12 | 10.77 |
| 2026-02-11 | 10.79 |
| 2026-02-10 | 10.80 |
| 2026-02-09 | 10.86 |
| 2026-02-06 | 10.97 |
| 2026-02-05 | 10.97 |
| 2026-02-04 | 11.01 |
| 2026-02-03 | 10.89 |
| 2026-02-02 | 10.90 |
| 2026-01-30 | 10.54 |
| 2026-01-29 | 10.47 |
| 2026-01-28 | 10.23 |
| 2026-01-27 | 10.48 |
| 2026-01-26 | 10.47 |
| 2026-01-23 | 10.41 |
| 2026-01-22 | 10.61 |
| 2026-01-21 | 10.51 |
| 2026-01-20 | 10.00 |
| 2026-01-16 | 10.15 |
| 2026-01-15 | 10.15 |
| 2026-01-14 | 9.90 |
| 2026-01-13 | 9.76 |
| 2026-01-12 | 9.82 |
| 2026-01-09 | 9.90 |
| 2026-01-08 | 10.05 |
| 2026-01-07 | 9.80 |
| 2026-01-06 | 9.84 |
| 2026-01-05 | 9.85 |
| 2026-01-02 | 9.65 |
| 2025-12-31 | 9.75 |
| 2025-12-30 | 9.83 |
| 2025-12-29 | 9.97 |
| 2025-12-26 | 9.93 |
| 2025-12-24 | 10.05 |
| 2025-12-23 | 10.08 |
| 2025-12-22 | 10.15 |