Independent Bank Corp (Michigan) (IBCP) is now in the Fair zone, suggesting that its current forward PE ratio of 9.55 is considered Fairly compared with the five-year average of 9.04. The fair price of Independent Bank Corp (Michigan) (IBCP) is between 31.96 to 39.80 according to relative valuation method.

Relative Value

Fair Zone

31.96-39.80

Current Price：35.36

Fair

P/E

EV/EBITDA

EV/EBIT

P/S

P/OCF

P/FCF

Trailing

Forward

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Independent Bank Corp (Michigan) (IBCP) has a current Price-to-Book (P/B) ratio of 1.36. Compared to its 3-year average P/B ratio of 1.33, the current P/B ratio is approximately 2.06% higher. Relative to its 5-year average P/B ratio of 1.31, the current P/B ratio is about 3.83% higher. Independent Bank Corp (Michigan) (IBCP) has a Forward Free Cash Flow (FCF) yield of approximately 11.44%. Compared to its 3-year average FCF yield of 11.90%, the current FCF yield is approximately -3.91% lower. Relative to its 5-year average FCF yield of 15.25%, the current FCF yield is about -25.03% lower.

Competitors Valuation Multiple

AI Analysis

The average P/S ratio for IBCP competitors is 3.35, providing a benchmark for relative valuation. Independent Bank Corp (Michigan) Corp (IBCP.O) exhibits a P/S ratio of 3.27, which is -2.34% above the industry average. Given its robust revenue growth of -7.63%, this premium appears unsustainable.

P/E

P/S

EV/EBITDA

EV/EBIT

Earnings Growth

Market Cap

Performance Decomposition

AI Analysis

Market capitalization of IBCP increased by 0.00% over the past 1 year(s). The primary factor behind the change was an decrease in Unknown from 0.00 to 0.00.

The secondary factor is the Unknown, contributed 0.00% to the performance.

Overall, the performance of IBCP in the past 1 year(s) is driven by Unknown.

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Frequently Asked Questions

Is IBCP currently overvalued or undervalued?

What is Independent Bank Corp (Michigan) (IBCP) fair value?

IBCP's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. The fair price of Independent Bank Corp (Michigan) (IBCP) is between 31.96 to 39.80 according to relative valuation method.

How does IBCP's valuation metrics compare to the industry average?

The average P/S ratio for IBCP's competitors is 3.35, providing a benchmark for relative valuation. Independent Bank Corp (Michigan) Corp (IBCP) exhibits a P/S ratio of 3.27, which is -2.34% above the industry average. Given its robust revenue growth of -7.63%, this premium appears unsustainable.

What is the current P/B ratio for Independent Bank Corp (Michigan) (IBCP) as of Mar 03 2026?

As of Mar 03 2026, Independent Bank Corp (Michigan) (IBCP) has a P/B ratio of 1.36. This indicates that the market values IBCP at 1.36 times its book value.

What is the current FCF Yield for Independent Bank Corp (Michigan) (IBCP) as of Mar 03 2026?

As of Mar 03 2026, Independent Bank Corp (Michigan) (IBCP) has a FCF Yield of 11.44%. This means that for every dollar of Independent Bank Corp (Michigan)'s market capitalization, the company generates 11.44 cents in free cash flow.

What is the current Forward P/E ratio for Independent Bank Corp (Michigan) (IBCP) as of Mar 03 2026?

As of Mar 03 2026, Independent Bank Corp (Michigan) (IBCP) has a Forward P/E ratio of 9.55. This means the market is willing to pay $9.55 for every dollar of Independent Bank Corp (Michigan)'s expected earnings over the next 12 months.

What is the current Forward P/S ratio for Independent Bank Corp (Michigan) (IBCP) as of Mar 03 2026?

As of Mar 03 2026, Independent Bank Corp (Michigan) (IBCP) has a Forward P/S ratio of 3.27. This means the market is valuing IBCP at $3.27 for every dollar of expected revenue over the next 12 months.

IBCP Valuation