As of 2024-12-15, the Relative Valuation of Independent Bank Corp (Michigan) (IBCP) is 43.11 USD. This relative valuation is based on P/E multiples. With the latest stock price at 37.97 USD, the upside of Independent Bank Corp (Michigan) based on Relative Valuation is 13.5%.
The range of the Relative Valuation is 36.73 - 50.22 USD.
| Range | Selected | |
| Trailing P/E multiples | 12.4x - 13.9x | 12.8x |
| Forward P/E multiples | 14.4x - 16.8x | 16.1x |
| Fair Price | 36.73 - 50.22 | 43.11 |
| Upside | -3.3% - 32.3% | 13.5% |
| Date | P/E |
| 2024-12-04 | 12.87 |
| 2024-12-03 | 12.68 |
| 2024-12-02 | 12.72 |
| 2024-11-29 | 12.66 |
| 2024-11-27 | 12.77 |
| 2024-11-26 | 12.88 |
| 2024-11-25 | 13.08 |
| 2024-11-22 | 12.96 |
| 2024-11-21 | 12.69 |
| 2024-11-20 | 12.48 |
| 2024-11-19 | 12.55 |
| 2024-11-18 | 12.45 |
| 2024-11-15 | 12.70 |
| 2024-11-14 | 12.76 |
| 2024-11-13 | 12.84 |
| 2024-11-12 | 12.97 |
| 2024-11-11 | 13.12 |
| 2024-11-08 | 12.58 |
| 2024-11-07 | 12.37 |
| 2024-11-06 | 12.85 |
| 2024-11-05 | 11.16 |
| 2024-11-04 | 11.01 |
| 2024-11-01 | 11.07 |
| 2024-10-31 | 11.03 |
| 2024-10-30 | 11.29 |
| 2024-10-29 | 11.18 |
| 2024-10-28 | 11.16 |
| 2024-10-25 | 10.96 |
| 2024-10-24 | 11.02 |
| 2024-10-23 | 11.18 |
| 2024-10-22 | 11.28 |
| 2024-10-21 | 11.11 |
| 2024-10-18 | 11.48 |
| 2024-10-17 | 11.76 |
| 2024-10-16 | 11.70 |
| 2024-10-15 | 11.48 |
| 2024-10-14 | 11.25 |
| 2024-10-11 | 11.20 |
| 2024-10-10 | 10.79 |
| 2024-10-09 | 10.87 |
| 2024-10-08 | 10.79 |
| 2024-10-07 | 10.72 |
| 2024-10-04 | 10.89 |
| 2024-10-03 | 10.55 |
| 2024-10-02 | 10.59 |
| 2024-10-01 | 10.90 |
| 2024-09-30 | 11.22 |
| 2024-09-27 | 10.80 |
| 2024-09-26 | 10.92 |
| 2024-09-25 | 10.97 |