Independent Bank Corporation (IBCP) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2025
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IBCP Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Independent Bank Corporation (IBCP) trades at a price-to-earnings ratio of 10.3x, with a stock price of $33.52 and trailing twelve-month earnings per share of $3.29.
The current P/E is 23% above its 5-year average of 8.3x. Over the past five years, IBCP's P/E has ranged from a low of 6.0x to a high of 11.3x, placing the current valuation at the 85th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.3x, IBCP trades at a 23% discount to its sector peers. The sector includes 779 companies with P/E ratios ranging from 0.0x to 197.4x.
The PEG ratio of 1.95 (P/E divided by 3% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, IBCP trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our IBCP DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
IBCP P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $898M | 9.5Lowest | 0.63Best | +11% | |
| $204M | 14.5 | 2.85 | +9% | |
| $1B | 12.3 | 0.84 | +22%Best | |
| $2B | 15.5 | 3.90 | +10% | |
| $5B | 20.7 | 3.96 | +12% | |
| $26B | 11.8 | 0.79 | +14% | |
| $34B | 16.0 | - | -2% | |
| $8B | 12.8 | 1.13 | +5% | |
| $3B | 15.8 | 8.26 | +3% | |
| $2B | 13.4 | 1.91 | +13% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
IBCP Historical P/E Data (1990–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $32.53 | $3.28 | 9.9x | -45% |
| FY2025 Q3 | $30.98 | $3.26 | 9.5x | -48% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $32.41 | $3.07 | 10.6x | -42% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $30.79 | $3.14 | 9.8x | -46% |
| FY2024 Q4 | $34.83 | $3.16 | 11.0x | -39% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $33.35 | $2.94 | 11.3x | -38% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $27.00 | $3.12 | 8.7x | -52% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $25.35 | $2.94 | 8.6x | -53% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $26.02 | $2.79 | 9.3x | -49% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $18.34 | $2.85 | 6.4x | -65% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $16.96 | $2.83 | 6.0x | -67% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $17.77 | $2.74 | 6.5x | -64% |
Average P/E for displayed period: 18.2x
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Start ComparisonIBCP — Frequently Asked Questions
Quick answers to the most common questions about buying IBCP stock.
Is IBCP stock overvalued or undervalued?
IBCP trades at 10.3x P/E, above its 5-year average of 8.3x. The 85th percentile ranking indicates a premium to historical valuation.
How does IBCP's valuation compare to peers?
Independent Bank Corporation P/E of 10.3x compares to sector median of 13.3x. The discount suggests lower growth expectations or higher risk.
What is IBCP's PEG ratio?
IBCP PEG ratio is 1.95. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1990-2025.