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% |
| 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 |