As of 2025-10-21, the Relative Valuation of Independent Bank Corp (Massachusetts) (INDB) is 52.36 USD. This relative valuation is based on P/E multiples. With the latest stock price at 68.60 USD, the upside of Independent Bank Corp (Massachusetts) based on Relative Valuation is -23.7%.
The range of the Relative Valuation is 51.99 - 58.84 USD.
| Range | Selected | |
| Trailing P/E multiples | - | - |
| Forward P/E multiples | 11.2x - 12.7x | 11.3x |
| Fair Price | 51.99 - 58.84 | 52.36 |
| Upside | -24.2% - -14.2% | -23.7% |
| Date | P/E |