As of 2024-09-13, the Relative Valuation of Independent Bank Corp (Michigan) (IBCP) is 37.12 USD. This relative valuation is based on P/E multiples. With the latest stock price at 32.96 USD, the upside of Independent Bank Corp (Michigan) based on Relative Valuation is 12.6%.
The range of the Relative Valuation is 31.80 - 46.52 USD.
| Range | Selected | |
| Trailing P/E multiples | 10.1x - 12.1x | 11.1x |
| Forward P/E multiples | 11.1x - 16.0x | 13.5x |
| Fair Price | 31.80 - 46.52 | 37.12 |
| Upside | -3.5% - 41.1% | 12.6% |
| Date | P/E |
| 2024-09-13 | 10.66 |
| 2024-09-12 | 10.47 |
| 2024-09-11 | 10.38 |
| 2024-09-10 | 10.70 |
| 2024-09-09 | 10.31 |
| 2024-09-06 | 10.27 |
| 2024-09-05 | 10.53 |
| 2024-09-04 | 10.54 |
| 2024-09-03 | 10.82 |
| 2024-08-30 | 10.76 |
| 2024-08-29 | 10.75 |
| 2024-08-28 | 10.80 |
| 2024-08-27 | 10.74 |
| 2024-08-26 | 10.78 |
| 2024-08-23 | 10.90 |
| 2024-08-22 | 10.32 |
| 2024-08-21 | 10.25 |
| 2024-08-20 | 10.27 |
| 2024-08-19 | 10.35 |
| 2024-08-16 | 10.37 |
| 2024-08-15 | 10.33 |
| 2024-08-14 | 10.15 |
| 2024-08-13 | 10.16 |
| 2024-08-12 | 9.98 |
| 2024-08-09 | 9.94 |
| 2024-08-08 | 9.88 |
| 2024-08-07 | 9.86 |
| 2024-08-06 | 9.92 |
| 2024-08-05 | 9.91 |
| 2024-08-02 | 10.41 |
| 2024-08-01 | 10.62 |
| 2024-07-31 | 11.02 |
| 2024-07-30 | 11.05 |
| 2024-07-29 | 10.88 |
| 2024-07-26 | 10.89 |
| 2024-07-25 | 11.16 |
| 2024-07-24 | 10.56 |
| 2024-07-23 | 10.57 |
| 2024-07-22 | 10.25 |
| 2024-07-19 | 10.00 |
| 2024-07-18 | 9.98 |
| 2024-07-17 | 10.13 |
| 2024-07-16 | 9.92 |
| 2024-07-15 | 9.41 |
| 2024-07-12 | 8.98 |
| 2024-07-11 | 8.88 |
| 2024-07-10 | 8.55 |
| 2024-07-09 | 8.37 |
| 2024-07-08 | 8.24 |
| 2024-07-05 | 8.10 |