Independent Bank (Michigan) (IBCP)

P/S ratio as of November 2024 (TTM): 3.85

According to Independent Bank (Michigan)'s latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 1.76. At the end of 2024 the company had a P/S ratio of 2.73.

P/S ratio history for Independent Bank (Michigan) from 2001 to 2024

PS ratio at the end of each year

Year	P/S ratio	Change
2024	2.73	0.75%
2023	2.71	9.88%
2022	2.46	-3.02%
2021	2.54	24.65%
2020	2.04	-34.27%
2019	3.10	-4.33%
2018	3.24	-13.18%
2017	3.73	-4.99%
2016	3.93	25.84%
2015	3.12	8.77%
2014	2.87	17.12%
2013	2.45	781.43%
2012	0.2780	248.76%
2011	0.0797	30.1%
2010	0.0613	-30.14%
2009	0.0877	-71.8%
2008	0.3109	-75.76%
2007	1.28	-63.96%
2006	3.56	6.23%
2005	3.35	-19.24%
2004	4.15	3.04%
2003	4.03	26.15%
2002	3.19	1.55%
2001	3.14

P/S ratio for similar companies or competitors

Company	P/S ratio	P/S ratio differencediff.	Country
Mercantile Bank MBWM	3.50	-9.12%	🇺🇸 USA
Macatawa Bank MCBC	4.97	29.03%	🇺🇸 USA
1st Source SRCE	4.25	10.38%	🇺🇸 USA
Huntington Bancshares HBAN	3.53	-8.22%	🇺🇸 USA

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P/S ratio for Independent Bank (Michigan) (IBCP)

P/S ratio as of November 2024 (TTM): 3.85