Independent Bank Corp. (INDB) - P/B ratio

P/B ratio as of May 2026 : 1.04

According to Independent Bank Corp.'s latest financial reports the company has a price-to-book ratio of 4.3796.
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. - P/B ratio (from 2001 to 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	1.02	10.45%
2024-12-31	0.9228	-7.42%
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	P/B ratio differencediff.	Country
Washington Trust Bancorp WASH	1.13	8.93%	🇺🇸 USA
Union Bankshares UNB	1.42	36.48%	🇺🇸 USA
Northeast Bank NBN	2.05	97.92%	🇺🇸 USA
Enterprise Bancorp EBTC	1.29	23.96%	🇺🇸 USA
Brookline Bancorp BRKL	0.7780	-25.05%	🇺🇸 USA
Bar Harbor Bankshares BHB	1.11	6.82%	🇺🇸 USA
Webster Financial WBS	1.23	18.65%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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