As of 2025-07-03, the Intrinsic Value of Independent Bank Corp (Massachusetts) (INDB) is 55.09 USD. This INDB valuation is based on the model Peter Lynch Fair Value. With the current market price of 66.15 USD, the upside of Independent Bank Corp (Massachusetts) is -16.7%.

Is INDB undervalued or overvalued?

Based on its market price of 66.15 USD and our intrinsic valuation, Independent Bank Corp (Massachusetts) (INDB) is overvalued by 16.7%.

66.15 USD

Stock Price

55.09 USD

Intrinsic Value

Intrinsic Value Details

INDB Intrinsic Value - Valuation Summary

	Range	Selected	Upside
a
Peter Lynch Fair Value	55.09 - 55.09	55.09	-16.71%
P/E Multiples	66.25 - 87.49	73.28	10.8%
Dividend Discount Model - Stable	32.45 - 75.13	53.79	-18.7%
Dividend Discount Model - Multi Stages	67.26 - 116.34	84.83	28.2%

INDB Intrinsic Value - Peers Comparison

	Range	Selected	Upside
a
ServisFirst Bancshares Inc	43.44 - 43.44	43.44	-47.1%
International Bancshares Corp	115.9 - 115.9	115.9	64.9%
BancFirst Corp	92.46 - 92.46	92.46	-28.8%
Renasant Corp	31.91 - 31.91	31.91	-15.7%
First Interstate BancSystem Inc	11.88 - 11.88	11.88	-61.2%
Towne Bank	12.81 - 12.81	12.81	-63.8%
First Merchants Corp	19.67 - 19.67	19.67	-51.2%
Hilltop Holdings Inc	9.95 - 9.95	9.95	-68.5%
Live Oak Bancshares Inc	32.67 - 32.67	32.67	3%

INDB Intrinsic Value - Key Valuation Metrics

Market Cap (mil)	2,819
Beta	1.03
Outstanding shares (mil)	43
Enterprise Value (mil)	3,179

Market risk premium	5.1%
Cost of Equity	9.45%
Cost of Debt	5%
WACC	9.3%