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 10.07 is considered Fairly compared with the five-year average of 8.95. The fair price of Independent Bank Corp (Michigan) (IBCP) is between 28.32 to 35.56 according to relative valuation methord.
Relative Value
Fair Zone
28.32-35.56
Current Price：33.92
Fair
10.07
PE
1Y
3Y
5Y
Trailing
Forward
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.
3.45
PS
Independent Bank Corp (Michigan). (IBCP) has a current PS of 3.45. 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 3.77 and 2.73, Overvalued between 3.77 and 4.30, and Strongly Overvalued above 4.30. The current Forward PS of 3.45 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 1.43. Compared to its 3-year average P/B ratio of 1.34 , the current P/B ratio is approximately 7.12% higher. Relative to its 5-year average P/B ratio of 1.30, the current P/B ratio is about 10.33% higher. Independent Bank Corp (Michigan) (IBCP) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 12.71%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 15.23% , the current FCF yield is about -100.00% lower.
1.43
P/B
Median3y
1.34
Median5y
1.30
10.83
FCF Yield
Median3y
12.71
Median5y
15.23
Competitors Valuation Multiple
The average P/S ratio for IBCP's competitors is , providing a benchmark for relative valuation. Independent Bank Corp (Michigan) Corp (IBCP) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of 14.24%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of IBCP decreased by 2.61% 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.
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FAQ
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 05 2025?
What is the current FCF Yield for Independent Bank Corp (Michigan) (IBCP) as of Dec 05 2025?
What is the current Forward P/E ratio for Independent Bank Corp (Michigan) (IBCP) as of Dec 05 2025?