Independent Bank Corp (Massachusetts)
NASDAQ:INDB

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Independent Bank Corp (Massachusetts)

NASDAQ:INDB

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Price: 61.26 USD -2.31%

Market Cap: 2.6B USD

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INDB Alert

Independent Bank Corp (Massachusetts)

61.26

-1.45 (-2.31%)

52 Week Range	45.4604 74.97
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Independent Bank Corp (Massachusetts)

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Relative Value Valuation Multiples Multiples Across Competitors See Also

Section:

Relative Value

Valuation Multiples

Multiples Across Competitors

Relative Value

The Relative Value of one INDB stock under the Base Case scenario is 56.24 USD. Compared to the current market price of 61.26 USD, Independent Bank Corp (Massachusetts) is Overvalued by 8%.

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.

Relative Valuation FAQ:

What is Relative Valuation?

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INDB Relative Value

Base Case

56.24 USD

Overvaluation 8%

Relative Value

Price

Worst Case

Base Case

Best Case

Valuation Multiples

vs History	61
vs Industry	17

Median 3Y

3.7

Median 5Y

Industry

2.5

Forward

3.1

vs History	49
vs Industry	22

Median 3Y

12.8

Median 5Y

13.9

Industry

10.3

Forward

11.7

vs History	76
vs Industry	51

Median 3Y

0.9

Median 5Y

1.1

Industry

0.9

vs History	71
vs Industry	22

Median 3Y

0.2

Median 5Y

0.2

Industry

0.1

More Details

Multiples Across Competitors

INDB Competitors Multiples
Independent Bank Corp (Massachusetts) Competitors

All Multiples

P/S

P/E

P/B

All Countries

All Countries United States of America United Kingdom Canada New Zealand Germany Bermuda Ireland Luxembourg Austria Italy France Belgium Netherlands Portugal Switzerland Spain Lithuania Estonia Latvia Finland Iceland Sweden Norway Denmark Israel Hong Kong Korea Poland Hungary Philippines Singapore India Japan Pakistan Australia Chile Saudi Arabia Thailand China Indonesia Greece South Africa Vietnam Malaysia Brazil Argentina Mexico Croatia Turkey Taiwan Peru Russia Cyprus Cayman Islands Papua New Guinea Mongolia Guernsey British Virgin Islands Panama Puerto Rico Monaco Colombia Uruguay United Arab Emirates Macao Egypt Bahamas Jersey Anguilla Nicaragua Isle of Man Mauritius Guam Venezuela Czech Republic Malta Liechtenstein Georgia Cambodia Azerbaijan Ukraine French Guiana Martinique Costa Rica Gibraltar Morocco Virgin Islands (U.S.) Faroe Islands Nigeria Bulgaria Slovenia Slovakia Romania Kazakhstan Jordan Kenya Zimbabwe Malawi

Forward Multiples

		Market Cap	P/S	P/E	P/B
US	Independent Bank Corp (Massachusetts) NASDAQ:INDB	2.6B USD	3.7	13.8	0.9
US	PNC Financial Services Group Inc NYSE:PNC	69.8B USD	3.2	12.3	1.2
US	Truist Financial Corp NYSE:TFC	52.1B USD	3.9	11.5	0.8
CN	Bank of Jiangsu Co Ltd SSE:600919	215.4B CNY	2.5	7	0.7
US	M&T Bank Corp NYSE:MTB	29.5B USD	3.2	11.8	1
US	Fifth Third Bancorp NASDAQ:FITB	25.9B USD	3	12	1.3
CN	Bank of Ningbo Co Ltd SZSE:002142	176.5B CNY	2.4	6.7	0.8
US	First Citizens BancShares Inc (Delaware) NASDAQ:FCNCA	24.8B USD	2.6	10.1	1.1
US	Huntington Bancshares Inc NASDAQ:HBAN	23B USD	3	12	1.1
JP	Resona Holdings Inc TSE:8308	3T JPY	3.1	14.2	1.1
US	Regions Financial Corp NYSE:RF	19.7B USD	2.8	10.4	1.1

P/S Multiple

			Revenue Growth	P/S to Growth
US	Independent Bank Corp (Massachusetts) NASDAQ:INDB	Average P/S: 3 3.7	N/A	N/A
US	PNC Financial Services Group Inc NYSE:PNC	3.2	6%	0.5
US	Truist Financial Corp NYSE:TFC	3.9	19%	0.2
CN	Bank of Jiangsu Co Ltd SSE:600919	2.5	5%	0.5
US	M&T Bank Corp NYSE:MTB	3.2	4%	0.8
US	Fifth Third Bancorp NASDAQ:FITB	3	6%	0.5
CN	Bank of Ningbo Co Ltd SZSE:002142	2.4	9%	0.3
US	First Citizens BancShares Inc (Delaware) NASDAQ:FCNCA	2.6	1%	2.6
US	Huntington Bancshares Inc NASDAQ:HBAN	3	6%	0.5
JP	Resona Holdings Inc TSE:8308	3.1	N/A	N/A
US	Regions Financial Corp NYSE:RF	2.8	5%	0.6

P/E Multiple

			Earnings Growth	PEG
US	Independent Bank Corp (Massachusetts) NASDAQ:INDB	Average P/E: 11.1 13.8	N/A	N/A
US	PNC Financial Services Group Inc NYSE:PNC	12.3	12%	1
US	Truist Financial Corp NYSE:TFC	11.5	13%	0.9
CN	Bank of Jiangsu Co Ltd SSE:600919	7	N/A	N/A
US	M&T Bank Corp NYSE:MTB	11.8	11%	1.1
US	Fifth Third Bancorp NASDAQ:FITB	12	12%	1
CN	Bank of Ningbo Co Ltd SZSE:002142	6.7	10%	0.7
US	First Citizens BancShares Inc (Delaware) NASDAQ:FCNCA	10.1	4%	2.5
US	Huntington Bancshares Inc NASDAQ:HBAN	12	12%	1
JP	Resona Holdings Inc TSE:8308	14.2	N/A	N/A
US	Regions Financial Corp NYSE:RF	10.4	12%	0.9

P/B Multiple


US	Independent Bank Corp (Massachusetts) NASDAQ:INDB	Average P/B: 1 0.9
US	PNC Financial Services Group Inc NYSE:PNC	1.2
US	Truist Financial Corp NYSE:TFC	0.8
CN	Bank of Jiangsu Co Ltd SSE:600919	0.7
US	M&T Bank Corp NYSE:MTB	1
US	Fifth Third Bancorp NASDAQ:FITB	1.3
CN	Bank of Ningbo Co Ltd SZSE:002142	0.8
US	First Citizens BancShares Inc (Delaware) NASDAQ:FCNCA	1.1
US	Huntington Bancshares Inc NASDAQ:HBAN	1.1
JP	Resona Holdings Inc TSE:8308	1.1
US	Regions Financial Corp NYSE:RF	1.1

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Independent Bank Corp (Massachusetts)
NASDAQ:INDB

Relative Value

Valuation Multiples

Multiples Across Competitors

INDB Competitors Multiples
Independent Bank Corp (Massachusetts) Competitors

See Also

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Independent Bank Corp (Massachusetts) NASDAQ:INDB

Relative Value

Valuation Multiples

Multiples Across Competitors

INDB Competitors Multiples Independent Bank Corp (Massachusetts) Competitors

See Also

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Stocks

Independent Bank Corp (Massachusetts)
NASDAQ:INDB

INDB Competitors Multiples
Independent Bank Corp (Massachusetts) Competitors