According to Independent Bank (Michigan)'s latest financial reports the company has a price-to-book ratio of 3.55303.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.
Year | P/B ratio | Change |
---|---|---|
2024-12-31 | 1.60 | 19.51% |
2023-12-31 | 1.34 | -7.51% |
2022-12-31 | 1.45 | 14.31% |
2021-12-31 | 1.27 | 22.38% |
2020-12-31 | 1.04 | -28.74% |
2019-12-31 | 1.45 | -0.54% |
2018-12-31 | 1.46 | -19.23% |
2017-12-31 | 1.81 | -2.24% |
2016-12-31 | 1.85 | 37.2% |
2015-12-31 | 1.35 | 12.79% |
2014-12-31 | 1.20 | 1.2% |
2013-12-31 | 1.18 | 400.81% |
2012-12-31 | 0.2361 | 114.87% |
2011-12-31 | 0.1099 | 28.06% |
2010-12-31 | 0.0858 | -45.51% |
2009-12-31 | 0.1575 | -38.27% |
2008-12-31 | 0.2551 | -71.49% |
2007-12-31 | 0.8946 | -60.06% |
2006-12-31 | 2.24 | -7.14% |
2005-12-31 | 2.41 | -13.79% |
2004-12-31 | 2.80 | -18.22% |
2003-12-31 | 3.42 | 31.3% |
2002-12-31 | 2.61 |