IBCP
Independent Bank Corp (Michigan)
Price:  
31.30 
USD
Volume:  
57,909.00
United States | Banks
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IBCP Relative Valuation

37.9%
Upside

As of 2025-06-24, the Relative Valuation of Independent Bank Corp (Michigan) (IBCP) is 43.15 USD. This relative valuation is based on P/E multiples. With the latest stock price at 31.30 USD, the upside of Independent Bank Corp (Michigan) based on Relative Valuation is 37.9%.

The range of the Relative Valuation is 35.05 - 48.99 USD.

Range Selected
Trailing P/E multiples 10.9x - 13.8x 12.6x
Forward P/E multiples 12.9x - 14.2x 13.2x
Fair Price 35.05 - 48.99 43.15
Upside 12.0% - 56.5% 37.9%
31.30 USD
Stock Price
43.15 USD
Fair Price

IBCP Relative Valuation - Historical P/E Data

Date P/E
2025-06-20 9.49
2025-06-18 9.48
2025-06-17 9.42
2025-06-16 9.43
2025-06-13 9.54
2025-06-12 9.80
2025-06-11 9.88
2025-06-10 9.95
2025-06-09 9.86
2025-06-06 9.81
2025-06-05 9.63
2025-06-04 9.70
2025-06-03 9.89
2025-06-02 9.74
2025-05-30 9.84
2025-05-29 9.91
2025-05-28 9.84
2025-05-27 10.01
2025-05-23 9.81
2025-05-22 9.86
2025-05-21 9.93
2025-05-20 10.16
2025-05-19 10.13
2025-05-16 10.12
2025-05-15 10.23
2025-05-14 10.02
2025-05-13 10.14
2025-05-12 10.11
2025-05-09 9.87
2025-05-08 9.95
2025-05-07 9.71
2025-05-06 9.71
2025-05-05 9.78
2025-05-02 9.83
2025-05-01 9.57
2025-04-30 9.51
2025-04-29 9.69
2025-04-28 9.62
2025-04-25 9.69
2025-04-24 9.64
2025-04-23 9.76
2025-04-22 9.66
2025-04-21 9.36
2025-04-17 9.40
2025-04-16 9.33
2025-04-15 9.18
2025-04-14 9.04
2025-04-11 8.90
2025-04-10 8.99
2025-04-09 9.31