According to Independent Bank Corp (Massachusetts)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.7812. At the end of 2022 the company had a P/E ratio of 14.8.
Year | P/E ratio | Change |
---|---|---|
2022 | 14.8 | -33.69% |
2021 | 22.3 | 11.62% |
2020 | 20.0 | 20.91% |
2019 | 16.6 | 3.81% |
2018 | 15.9 | -27.19% |
2017 | 21.9 | -9.87% |
2016 | 24.3 | 30.55% |
2015 | 18.6 | 9.1% |
2014 | 17.1 | -4.52% |
2013 | 17.9 | 21.55% |
2012 | 14.7 | 14.7% |
2011 | 12.8 | -10.01% |
2010 | 14.2 | -37.89% |
2009 | 22.9 | 33.19% |
2008 | 17.2 | 28.35% |
2007 | 13.4 | -18.13% |
2006 | 16.4 | 23.99% |
2005 | 13.2 | -18.99% |
2004 | 16.3 | 4.85% |
2003 | 15.5 | 6.39% |
2002 | 14.6 | 4.74% |
2001 | 14.0 |
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.