As of 2026-09-27, the Relative Valuation of Independent Bank Corp (Michigan) (IBCP) is 46.08 USD. This relative valuation is based on P/E multiples. With the latest stock price at 35.83 USD, the upside of Independent Bank Corp (Michigan) based on Relative Valuation is 28.6%.
The range of the Relative Valuation is 37.83 - 58.56 USD.
| Range | Selected | |
| Trailing P/E multiples | 10.9x - 11.8x | 11.3x |
| Forward P/E multiples | 12.4x - 16.1x | 14.5x |
| Fair Price | 37.83 - 58.56 | 46.08 |
| Upside | 5.6% - 63.4% | 28.6% |
| Date | P/E |
| 2026-09-25 | 10.36 |
| 2026-09-24 | 10.23 |
| 2026-09-23 | 10.13 |
| 2026-09-22 | 10.23 |
| 2026-09-21 | 10.30 |
| 2026-09-18 | 10.40 |
| 2026-09-17 | 10.40 |
| 2026-09-16 | 10.47 |
| 2026-09-15 | 10.72 |
| 2026-09-14 | 10.68 |
| 2026-09-11 | 10.64 |
| 2026-09-10 | 10.67 |
| 2026-09-09 | 10.55 |
| 2026-09-08 | 10.62 |
| 2026-09-04 | 10.73 |
| 2026-09-03 | 10.63 |
| 2026-09-02 | 10.55 |
| 2026-09-01 | 10.37 |
| 2026-08-31 | 10.48 |
| 2026-08-28 | 10.58 |
| 2026-08-27 | 10.52 |
| 2026-08-26 | 10.54 |
| 2026-08-25 | 10.54 |
| 2026-08-24 | 10.61 |
| 2026-08-21 | 10.66 |
| 2026-08-20 | 10.70 |
| 2026-08-19 | 10.61 |
| 2026-08-18 | 10.93 |
| 2026-08-17 | 11.02 |
| 2026-08-14 | 11.00 |
| 2026-08-13 | 11.04 |
| 2026-08-12 | 10.99 |
| 2026-08-11 | 10.91 |
| 2026-08-10 | 10.88 |
| 2026-08-07 | 10.92 |
| 2026-08-06 | 11.05 |
| 2026-08-05 | 11.02 |
| 2026-08-04 | 11.04 |
| 2026-08-03 | 11.05 |
| 2026-07-31 | 10.97 |
| 2026-07-30 | 10.96 |
| 2026-07-29 | 11.10 |
| 2026-07-28 | 11.10 |
| 2026-07-27 | 10.79 |
| 2026-07-24 | 10.81 |
| 2026-07-23 | 10.52 |
| 2026-07-22 | 10.34 |
| 2026-07-21 | 10.48 |
| 2026-07-20 | 10.48 |
| 2026-07-17 | 10.45 |