As of 2024-07-27, the Relative Valuation of Independent Bank Corp (Michigan) (IBCP) is 37.24 USD. This relative valuation is based on P/E multiples. With the latest stock price at 34.29 USD, the upside of Independent Bank Corp (Michigan) based on Relative Valuation is 8.6%.
The range of the Relative Valuation is 32.37 - 46.75 USD.
| Range | Selected | |
| Trailing P/E multiples | 10.9x - 12.0x | 11.6x |
| Forward P/E multiples | 11.6x - 16.1x | 13.8x |
| Fair Price | 32.37 - 46.75 | 37.24 |
| Upside | -5.6% - 36.3% | 8.6% |
| Date | P/E |
| 2024-07-26 | 11.55 |
| 2024-07-25 | 11.83 |
| 2024-07-24 | 11.19 |
| 2024-07-23 | 11.20 |
| 2024-07-22 | 10.87 |
| 2024-07-19 | 10.60 |
| 2024-07-18 | 10.58 |
| 2024-07-17 | 10.74 |
| 2024-07-16 | 10.52 |
| 2024-07-15 | 9.98 |
| 2024-07-12 | 9.52 |
| 2024-07-11 | 9.41 |
| 2024-07-10 | 9.07 |
| 2024-07-09 | 8.88 |
| 2024-07-08 | 8.74 |
| 2024-07-05 | 8.59 |
| 2024-07-03 | 8.77 |
| 2024-07-02 | 8.91 |
| 2024-07-01 | 8.88 |
| 2024-06-28 | 9.09 |
| 2024-06-27 | 8.59 |
| 2024-06-26 | 8.38 |
| 2024-06-25 | 8.29 |
| 2024-06-24 | 8.26 |
| 2024-06-21 | 8.04 |
| 2024-06-20 | 8.08 |
| 2024-06-18 | 8.11 |
| 2024-06-17 | 8.12 |
| 2024-06-14 | 7.95 |
| 2024-06-13 | 8.16 |
| 2024-06-12 | 8.25 |
| 2024-06-11 | 8.12 |
| 2024-06-10 | 8.05 |
| 2024-06-07 | 8.16 |
| 2024-06-06 | 8.24 |
| 2024-06-05 | 8.14 |
| 2024-06-04 | 8.11 |
| 2024-06-03 | 8.37 |
| 2024-05-31 | 8.44 |
| 2024-05-30 | 8.35 |
| 2024-05-29 | 8.24 |
| 2024-05-28 | 8.44 |
| 2024-05-24 | 8.55 |
| 2024-05-23 | 8.45 |
| 2024-05-22 | 8.77 |
| 2024-05-21 | 8.85 |
| 2024-05-20 | 8.89 |
| 2024-05-17 | 8.92 |
| 2024-05-16 | 8.83 |
| 2024-05-15 | 8.81 |