As of 2024-12-04, the Relative Valuation of Independent Bank Corp (Michigan) (IBCP) is 43.63 USD. This relative valuation is based on P/E multiples. With the latest stock price at 37.63 USD, the upside of Independent Bank Corp (Michigan) based on Relative Valuation is 15.9%.
The range of the Relative Valuation is 36.55 - 49.68 USD.
| Range | Selected | |
| Trailing P/E multiples | 12.3x - 14.4x | 12.9x |
| Forward P/E multiples | 14.8x - 16.6x | 16.4x |
| Fair Price | 36.55 - 49.68 | 43.63 |
| Upside | -2.9% - 32.0% | 15.9% |
| Date | P/E |
| 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 |
| 2024-09-24 | 11.14 |
| 2024-09-23 | 11.37 |
| 2024-09-20 | 11.41 |
| 2024-09-19 | 11.87 |
| 2024-09-18 | 11.54 |
| 2024-09-17 | 11.46 |
| 2024-09-16 | 11.43 |
| 2024-09-13 | 11.31 |
| 2024-09-12 | 11.09 |
| 2024-09-11 | 11.00 |
| 2024-09-10 | 11.33 |
| 2024-09-09 | 10.93 |
| 2024-09-06 | 10.88 |
| 2024-09-05 | 11.16 |
| 2024-09-04 | 11.17 |
| 2024-09-03 | 11.47 |
| 2024-08-30 | 11.40 |