As of 2025-10-30, the Relative Valuation of Independent Bank Corp (Michigan) (IBCP) is 42.03 USD. This relative valuation is based on P/E multiples. With the latest stock price at 31.01 USD, the upside of Independent Bank Corp (Michigan) based on Relative Valuation is 35.5%.
The range of the Relative Valuation is 34.32 - 51.31 USD.
| Range | Selected | |
| Trailing P/E multiples | 11.0x - 12.1x | 11.8x |
| Forward P/E multiples | 12.3x - 14.9x | 13.7x |
| Fair Price | 34.32 - 51.31 | 42.03 |
| Upside | 10.7% - 65.5% | 35.5% |
| Date | P/E |
| 2025-10-30 | 9.86 |
| 2025-10-29 | 9.85 |
| 2025-10-28 | 10.12 |
| 2025-10-27 | 10.20 |
| 2025-10-24 | 10.32 |
| 2025-10-23 | 10.06 |
| 2025-10-22 | 10.29 |
| 2025-10-21 | 10.28 |
| 2025-10-20 | 10.30 |
| 2025-10-17 | 9.98 |
| 2025-10-16 | 9.86 |
| 2025-10-15 | 10.13 |
| 2025-10-14 | 10.13 |
| 2025-10-13 | 9.83 |
| 2025-10-10 | 9.73 |
| 2025-10-09 | 9.99 |
| 2025-10-08 | 9.97 |
| 2025-10-07 | 10.01 |
| 2025-10-06 | 10.07 |
| 2025-10-03 | 9.88 |
| 2025-10-02 | 9.69 |
| 2025-10-01 | 9.80 |
| 2025-09-30 | 9.91 |
| 2025-09-29 | 9.91 |
| 2025-09-26 | 10.09 |
| 2025-09-25 | 10.03 |
| 2025-09-24 | 10.12 |
| 2025-09-23 | 10.11 |
| 2025-09-22 | 10.02 |
| 2025-09-19 | 10.03 |
| 2025-09-18 | 10.23 |
| 2025-09-17 | 9.98 |
| 2025-09-16 | 9.96 |
| 2025-09-15 | 10.11 |
| 2025-09-12 | 10.15 |
| 2025-09-11 | 10.29 |
| 2025-09-10 | 10.22 |
| 2025-09-09 | 10.34 |
| 2025-09-08 | 10.54 |
| 2025-09-05 | 10.50 |
| 2025-09-04 | 10.58 |
| 2025-09-03 | 10.47 |
| 2025-09-02 | 10.57 |
| 2025-08-29 | 10.52 |
| 2025-08-28 | 10.55 |
| 2025-08-27 | 10.65 |
| 2025-08-26 | 10.60 |
| 2025-08-25 | 10.47 |
| 2025-08-22 | 10.50 |
| 2025-08-21 | 10.00 |