As of 2025-12-30, the Relative Valuation of Independent Bank Corp (Michigan) (IBCP) is 44.16 USD. This relative valuation is based on P/E multiples. With the latest stock price at 33.25 USD, the upside of Independent Bank Corp (Michigan) based on Relative Valuation is 32.8%.
The range of the Relative Valuation is 36.58 - 50.94 USD.
| Range | Selected | |
| Trailing P/E multiples | 11.1x - 12.6x | 12.1x |
| Forward P/E multiples | 12.9x - 15.2x | 14.4x |
| Fair Price | 36.58 - 50.94 | 44.16 |
| Upside | 10.0% - 53.2% | 32.8% |
| Date | P/E |
| 2025-12-26 | 10.01 |
| 2025-12-24 | 10.14 |
| 2025-12-23 | 10.17 |
| 2025-12-22 | 10.24 |
| 2025-12-19 | 10.32 |
| 2025-12-18 | 10.61 |
| 2025-12-17 | 10.60 |
| 2025-12-16 | 10.68 |
| 2025-12-15 | 10.65 |
| 2025-12-12 | 10.54 |
| 2025-12-11 | 10.55 |
| 2025-12-10 | 10.43 |
| 2025-12-09 | 10.17 |
| 2025-12-08 | 10.15 |
| 2025-12-05 | 10.13 |
| 2025-12-04 | 10.26 |
| 2025-12-03 | 10.28 |
| 2025-12-02 | 10.02 |
| 2025-12-01 | 10.12 |
| 2025-11-28 | 9.87 |
| 2025-11-26 | 9.89 |
| 2025-11-25 | 9.99 |
| 2025-11-24 | 9.51 |
| 2025-11-21 | 9.51 |
| 2025-11-20 | 9.26 |
| 2025-11-19 | 9.18 |
| 2025-11-18 | 9.09 |
| 2025-11-17 | 9.09 |
| 2025-11-14 | 9.39 |
| 2025-11-13 | 9.39 |
| 2025-11-12 | 9.41 |
| 2025-11-11 | 9.40 |
| 2025-11-10 | 9.41 |
| 2025-11-07 | 9.27 |
| 2025-11-06 | 9.23 |
| 2025-11-05 | 9.32 |
| 2025-11-04 | 9.15 |
| 2025-11-03 | 9.22 |
| 2025-10-31 | 9.14 |
| 2025-10-30 | 9.38 |
| 2025-10-29 | 9.31 |
| 2025-10-28 | 9.57 |
| 2025-10-27 | 9.64 |
| 2025-10-24 | 9.75 |
| 2025-10-23 | 9.51 |
| 2025-10-22 | 9.72 |
| 2025-10-21 | 9.71 |
| 2025-10-20 | 9.74 |
| 2025-10-17 | 9.43 |
| 2025-10-16 | 9.32 |