As of 2025-09-18, the Relative Valuation of Independent Bank Corp (Michigan) (IBCP) is 41.83 USD. This relative valuation is based on P/E multiples. With the latest stock price at 31.19 USD, the upside of Independent Bank Corp (Michigan) based on Relative Valuation is 34.1%.
The range of the Relative Valuation is 34.45 - 49.43 USD.
| Range | Selected | |
| Trailing P/E multiples | 11.0x - 12.6x | 11.8x |
| Forward P/E multiples | 13.2x - 14.6x | 13.8x |
| Fair Price | 34.45 - 49.43 | 41.83 |
| Upside | 10.4% - 58.5% | 34.1% |
| Date | P/E |
| 2025-09-16 | 9.96 |
| 2025-09-15 | 10.11 |
| 2025-09-12 | 10.15 |
| 2025-09-11 | 10.29 |
| 2025-09-10 | 10.22 |
| 2025-09-09 | 10.34 |
| 2025-09-08 | 10.54 |
| 2025-09-05 | 10.50 |
| 2025-09-04 | 10.58 |
| 2025-09-03 | 10.47 |
| 2025-09-02 | 10.57 |
| 2025-08-29 | 10.52 |
| 2025-08-28 | 10.55 |
| 2025-08-27 | 10.65 |
| 2025-08-26 | 10.60 |
| 2025-08-25 | 10.47 |
| 2025-08-22 | 10.50 |
| 2025-08-21 | 10.00 |
| 2025-08-20 | 10.04 |
| 2025-08-19 | 10.04 |
| 2025-08-18 | 10.04 |
| 2025-08-15 | 9.87 |
| 2025-08-14 | 10.12 |
| 2025-08-13 | 10.27 |
| 2025-08-12 | 10.16 |
| 2025-08-11 | 9.79 |
| 2025-08-08 | 9.74 |
| 2025-08-07 | 9.66 |
| 2025-08-06 | 9.64 |
| 2025-08-05 | 9.68 |
| 2025-08-04 | 9.63 |
| 2025-08-01 | 9.63 |
| 2025-07-31 | 9.77 |
| 2025-07-30 | 9.97 |
| 2025-07-29 | 10.20 |
| 2025-07-28 | 10.33 |
| 2025-07-25 | 10.38 |
| 2025-07-24 | 10.51 |
| 2025-07-23 | 10.94 |
| 2025-07-22 | 10.90 |
| 2025-07-21 | 10.93 |
| 2025-07-18 | 10.92 |
| 2025-07-17 | 10.99 |
| 2025-07-16 | 10.84 |
| 2025-07-15 | 10.71 |
| 2025-07-14 | 11.02 |
| 2025-07-11 | 10.79 |
| 2025-07-10 | 10.99 |
| 2025-07-09 | 10.98 |
| 2025-07-08 | 10.95 |