P/E ratio for Independent Bank Corp (Massachusetts) (INDB)
P/E ratio as of April 2024 (TTM): 9.02
According to Independent Bank Corp (Massachusetts)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.01709. At the end of 2022 the company had a P/E ratio of 14.8.
P/E ratio history for Independent Bank Corp (Massachusetts) from 2001 to 2023
PE ratio at the end of each year
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Washington Trust Bancorp WASH | 8.66 | -4.01% | 🇺🇸 USA |
 Union Bankshares UNB | 9.77 | 8.39% | 🇺🇸 USA |
 Northeast Bank NBN | 9.09 | 0.78% | 🇺🇸 USA |
 Enterprise Bancorp EBTC | 7.17 | -20.44% | 🇺🇸 USA |
 Century BanCorp CNBKA | N/A | N/A | 🇺🇸 USA |
 Brookline Bancorp BRKL | 8.45 | -6.29% | 🇺🇸 USA |
 Boston Private BPFH | N/A | N/A | 🇺🇸 USA |
 Bar Harbor Bankshares
BHB | 8.13 | -9.79% | 🇺🇸 USA |
 Webster Financial WBS | 8.60 | -4.60% | 🇺🇸 USA |
How to read a P/E ratio?
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.