As of 2025-07-11, the Relative Valuation of Independent Bank Corp (Michigan) (IBCP) is 45.00 USD. This relative valuation is based on P/E multiples. With the latest stock price at 34.36 USD, the upside of Independent Bank Corp (Michigan) based on Relative Valuation is 31.0%.
The range of the Relative Valuation is 36.46 - 49.83 USD.
| Range | Selected | |
| Trailing P/E multiples | 11.4x - 14.6x | 13.0x |
| Forward P/E multiples | 13.9x - 14.8x | 14.4x |
| Fair Price | 36.46 - 49.83 | 45.00 |
| Upside | 6.1% - 45.0% | 31.0% |
| Date | P/E |
| 2025-07-09 | 10.62 |
| 2025-07-08 | 10.68 |
| 2025-07-07 | 10.59 |
| 2025-07-03 | 10.80 |
| 2025-07-02 | 10.53 |
| 2025-07-01 | 10.49 |
| 2025-06-30 | 10.12 |
| 2025-06-27 | 10.18 |
| 2025-06-26 | 10.06 |
| 2025-06-25 | 9.84 |
| 2025-06-24 | 9.84 |
| 2025-06-23 | 9.77 |
| 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 |