As of 2026-03-31, the Relative Valuation of Independent Bank Corp (Michigan) (IBCP) is 45.46 USD. This relative valuation is based on P/E multiples. With the latest stock price at 32.75 USD, the upside of Independent Bank Corp (Michigan) based on Relative Valuation is 38.8%.
The range of the Relative Valuation is 33.02 - 55.61 USD.
| Range | Selected | |
| Trailing P/E multiples | 9.9x - 12.2x | 10.8x |
| Forward P/E multiples | 12.9x - 15.7x | 15.4x |
| Fair Price | 33.02 - 55.61 | 45.46 |
| Upside | 0.8% - 69.8% | 38.8% |
| Date | P/E |
| 2026-03-23 | 9.87 |
| 2026-03-20 | 9.61 |
| 2026-03-19 | 9.86 |
| 2026-03-18 | 9.79 |
| 2026-03-17 | 9.95 |
| 2026-03-16 | 10.07 |
| 2026-03-13 | 9.99 |
| 2026-03-12 | 9.95 |
| 2026-03-11 | 9.93 |
| 2026-03-10 | 10.16 |
| 2026-03-09 | 10.16 |
| 2026-03-06 | 10.28 |
| 2026-03-05 | 10.44 |
| 2026-03-04 | 10.63 |
| 2026-03-03 | 10.61 |
| 2026-03-02 | 10.62 |
| 2026-02-27 | 10.44 |
| 2026-02-26 | 10.80 |
| 2026-02-25 | 10.78 |
| 2026-02-24 | 10.63 |
| 2026-02-23 | 10.67 |
| 2026-02-20 | 11.11 |
| 2026-02-19 | 11.03 |
| 2026-02-18 | 10.91 |
| 2026-02-17 | 11.01 |
| 2026-02-13 | 11.00 |
| 2026-02-12 | 10.79 |
| 2026-02-11 | 10.81 |
| 2026-02-10 | 10.82 |
| 2026-02-09 | 10.88 |
| 2026-02-06 | 10.99 |
| 2026-02-05 | 10.99 |
| 2026-02-04 | 11.03 |
| 2026-02-03 | 10.91 |
| 2026-02-02 | 10.92 |
| 2026-01-30 | 10.56 |
| 2026-01-29 | 10.49 |
| 2026-01-28 | 10.25 |
| 2026-01-27 | 10.50 |
| 2026-01-26 | 10.49 |
| 2026-01-23 | 10.43 |
| 2026-01-22 | 10.63 |
| 2026-01-21 | 10.53 |
| 2026-01-20 | 10.02 |
| 2026-01-16 | 10.17 |
| 2026-01-15 | 10.17 |
| 2026-01-14 | 9.92 |
| 2026-01-13 | 9.78 |
| 2026-01-12 | 9.84 |
| 2026-01-09 | 9.92 |