Independent Bank Corp (Massachusetts)
INDB
$52.73
Share price
0.73%
Change (1 day)
-5.84%
Change (1 year)
Categories
Independent Bank Corp (Massachusetts) (INDB) - P/B ratio
P/B ratio as of April 2024 : 0.7732
According to Independent Bank Corp (Massachusetts)'s latest financial reports the company has a price-to-book ratio of 0.7732.
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.
Independent Bank Corp (Massachusetts) - P/B ratio (from 2001 to 2023)
P/B ratio by year
| Year | P/B ratio | Change |
|---|---|---|
| 2023-12-31 | 0.9968 | -25.33% |
| 2022-12-31 | 1.33 | 4.38% |
| 2021-12-31 | 1.28 | -9.56% |
| 2020-12-31 | 1.41 | -15.59% |
| 2019-12-31 | 1.68 | -8.91% |
| 2018-12-31 | 1.84 | -9.45% |
| 2017-12-31 | 2.03 | -7.69% |
| 2016-12-31 | 2.20 | 39.07% |
| 2015-12-31 | 1.58 | -1.36% |
| 2014-12-31 | 1.60 | 1.88% |
| 2013-12-31 | 1.57 | 26.4% |
| 2012-12-31 | 1.25 | -0.35% |
| 2011-12-31 | 1.25 | -4.96% |
| 2010-12-31 | 1.32 | 24.27% |
| 2009-12-31 | 1.06 | -24.13% |
| 2008-12-31 | 1.39 | -16.79% |
| 2007-12-31 | 1.68 | -26.35% |
| 2006-12-31 | 2.28 | 18.1% |
| 2005-12-31 | 1.93 | -21.47% |
| 2004-12-31 | 2.45 | 30.26% |
| 2003-12-31 | 1.88 | 19.45% |
| 2002-12-31 | 1.58 |
P/B ratio for similar companies or competitors
| Company | P/B ratio | differencediff. | Country |
|---|---|---|---|
 Washington Trust Bancorp WASH | 0.9420 | 21.83% | 🇺🇸 USA |
 Union Bankshares UNB | 2.58 | 233.65% | 🇺🇸 USA |
 Northeast Bank NBN | 1.25 | 61.68% | 🇺🇸 USA |
 Enterprise Bancorp EBTC | 0.9364 | 21.11% | 🇺🇸 USA |
 Brookline Bancorp BRKL | 0.6234 | -19.37% | 🇺🇸 USA |
 Bar Harbor Bankshares
BHB | 0.8982 | 16.17% | 🇺🇸 USA |
 Webster Financial WBS | 0.8937 | 15.59% | 🇺🇸 USA |