IBCP PE Ratio & Valuation,Is IBCP Overvalued

IBCP Relative Valuation

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. If the market price exceeds this fair value range, IBCP is overvalued; if below, it's undervalued.

Historical Valuation

Independent Bank Corp (Michigan) (IBCP) is now in the Fair zone, suggesting that its current forward PE ratio of 10.35 is considered Fairly compared with the five-year average of 8.96. The fair price of Independent Bank Corp (Michigan) (IBCP) is between 29.25 to 36.55 according to relative valuation methord.

Relative Value

Fair Zone

29.25-36.55

Current Price：35.08

Fair

10.35

0.00

EV/EBITDA

Independent Bank Corp (Michigan). (IBCP) has a current EV/EBITDA of 0.00. The 5-year average EV/EBITDA is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward EV/EBITDA of 0.00 falls within the Strongly Undervalued range.

NaN

EV/EBIT

Independent Bank Corp (Michigan). (IBCP) has a current EV/EBIT of NaN. The 5-year average EV/EBIT is NaN. The thresholds are as follows: Strongly Undervalued below NaN, Undervalued between NaN and NaN, Fairly Valued between NaN and NaN, Overvalued between NaN and NaN, and Strongly Overvalued above NaN. The current Forward EV/EBIT of NaN falls within the range.

3.54

Independent Bank Corp (Michigan). (IBCP) has a current PS of 3.54. The 5-year average PS is 3.25. The thresholds are as follows: Strongly Undervalued below 2.20, Undervalued between 2.20 and 2.73, Fairly Valued between 3.78 and 2.73, Overvalued between 3.78 and 4.30, and Strongly Overvalued above 4.30. The current Forward PS of 3.54 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/OCF

Independent Bank Corp (Michigan). (IBCP) has a current P/OCF of 0.00. The 5-year average P/OCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/OCF of 0.00 falls within the Strongly Undervalued range.

0.00

P/FCF

Independent Bank Corp (Michigan). (IBCP) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.

Independent Bank Corp (Michigan) (IBCP) has a current Price-to-Book (P/B) ratio of 1.47. Compared to its 3-year average P/B ratio of 1.33 , the current P/B ratio is approximately 10.25% higher. Relative to its 5-year average P/B ratio of 1.30, the current P/B ratio is about 13.28% higher. Independent Bank Corp (Michigan) (IBCP) has a Forward Free Cash Flow (FCF) yield of approximately 10.56%. Compared to its 3-year average FCF yield of 12.50%, the current FCF yield is approximately -15.54% lower. Relative to its 5-year average FCF yield of 15.21% , the current FCF yield is about -30.55% lower.

1.47

P/B

Median3y

1.33

Median5y

1.30

10.56

FCF Yield

Median3y

12.50

Median5y

15.21

Competitors Valuation Multiple

The average P/S ratio for IBCP's competitors is 3.28, providing a benchmark for relative valuation. Independent Bank Corp (Michigan) Corp (IBCP) exhibits a P/S ratio of 3.54, which is 8.07% above the industry average. Given its robust revenue growth of 14.24%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of IBCP increased by 0.09% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 41.60M to 47.53M.

The secondary factor is the Margin Expansion, contributed 10.93%to the performance.

Overall, the performance of IBCP in the past 1 year is driven by Revenue Growth. Which is more sustainable.

14.24%

41.60M → 47.53M

Revenue Growth

10.93%

33.20 → 36.83

Margin Expansion

-25.08%

14.32 → 10.73

P/E Change

0.09%

34.83 → 34.86

Mkt Cap Growth

People Also Watch

Frequently Asked Questions

Is Independent Bank Corp (Michigan) (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 29.25 to 36.55 according to relative valuation methord.

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

What is the current P/B ratio for Independent Bank Corp (Michigan) (IBCP) as of Dec 15 2025?

As of Dec 15 2025, Independent Bank Corp (Michigan) (IBCP) has a P/B ratio of 1.47. This indicates that the market values IBCP at 1.47 times its book value.

What is the current FCF Yield for Independent Bank Corp (Michigan) (IBCP) as of Dec 15 2025?

As of Dec 15 2025, Independent Bank Corp (Michigan) (IBCP) has a FCF Yield of 10.56%. This means that for every dollar of Independent Bank Corp (Michigan)’s market capitalization, the company generates 10.56 cents in free cash flow.

What is the current Forward P/E ratio for Independent Bank Corp (Michigan) (IBCP) as of Dec 15 2025?

As of Dec 15 2025, Independent Bank Corp (Michigan) (IBCP) has a Forward P/E ratio of 10.35. This means the market is willing to pay $10.35 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 Dec 15 2025?

As of Dec 15 2025, Independent Bank Corp (Michigan) (IBCP) has a Forward P/S ratio of 3.54. This means the market is valuing IBCP at $3.54 for every dollar of expected revenue over the next 12 months.

IBCP Valuation

IBCP Valuation

IBCP Relative Valuation

Historical Valuation

Competitors Valuation Multiple

Performance Decomposition

People Also Watch

Frequently Asked Questions

Is Independent Bank Corp (Michigan) (IBCP) currently overvalued or undervalued?

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

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

What is the current P/B ratio for Independent Bank Corp (Michigan) (IBCP) as of Dec 15 2025?

What is the current FCF Yield for Independent Bank Corp (Michigan) (IBCP) as of Dec 15 2025?

What is the current Forward P/E ratio for Independent Bank Corp (Michigan) (IBCP) as of Dec 15 2025?

What is the current Forward P/S ratio for Independent Bank Corp (Michigan) (IBCP) as of Dec 15 2025?