Independent Bank Corp (Michigan)
NASDAQ:IBCP
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Independent Bank Corp (Michigan)
Relative Value
The Relative Value of one
IBCP
stock under the Base Case scenario is
22.73
USD.
Compared to the current market price of 23.62 USD,
Independent Bank Corp (Michigan)
is
Overvalued by 4%.
Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.
Valuation Multiples
Multiples Across Competitors
IBCP Competitors Multiples
Independent Bank Corp (Michigan) Competitors
| Market Cap | P/S | P/E | P/B | ||||
|---|---|---|---|---|---|---|---|
| US |
|
Independent Bank Corp (Michigan)
NASDAQ:IBCP
|
493.7m USD | 2.3 | 8 | 1.2 | |
| US |
|
PNC Financial Services Group Inc
NYSE:PNC
|
60.1B USD | 2.9 | 12.6 | 1.2 | |
| US |
|
Truist Financial Corp
NYSE:TFC
|
47.2B USD | 2 | -32.5 | 0.8 | |
| US |
|
Fifth Third Bancorp
NASDAQ:FITB
|
24.1B USD | 2.8 | 11.2 | 1.3 | |
| US |
|
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
|
23.7B USD | 2.3 | 9.1 | 1.1 | |
| US |
|
M&T Bank Corp
NYSE:MTB
|
23.7B USD | 2.5 | 9.6 | 0.9 | |
| CN |
|
Bank of Ningbo Co Ltd
SZSE:002142
|
151B CNY | 2.3 | 6 | 0.7 | |
| CN |
|
Bank of Jiangsu Co Ltd
SSE:600919
|
135.8B CNY | 1.7 | 4.7 | 0.5 | |
| US |
|
Huntington Bancshares Inc
NASDAQ:HBAN
|
17.9B USD | 2.5 | 11 | 0.9 | |
| US |
|
Regions Financial Corp
NYSE:RF
|
17.1B USD | 2.3 | 9.9 | 1 | |
| US |
|
Citizens Financial Group Inc
NYSE:CFG
|
15.6B USD | 1.9 | 12 | 0.7 |
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