Independent Bank Corp (Massachusetts)
INDB
#4080
Rank
$2.02 B
Marketcap
$47.72
Share price
-1.99%
Change (1 day)
-6.27%
Change (1 year)

P/E ratio for Independent Bank Corp (Massachusetts) (INDB)

P/E ratio as of June 2024 (TTM): 8.32

According to Independent Bank Corp (Massachusetts)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.32308. 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
202214.8-33.69%
202122.311.62%
202020.020.91%
201916.63.81%
201815.9-27.19%
201721.9-9.87%
201624.330.55%
201518.69.1%
201417.1-4.52%
201317.921.55%
201214.714.7%
201112.8-10.01%
201014.2-37.89%
200922.933.19%
200817.228.35%
200713.4-18.13%
200616.423.99%
200513.2-18.99%
200416.34.85%
200315.56.39%
200214.64.74%
200114.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
8.60 3.32%๐Ÿ‡บ๐Ÿ‡ธ USA
8.19-1.62%๐Ÿ‡บ๐Ÿ‡ธ USA
9.89 18.88%๐Ÿ‡บ๐Ÿ‡ธ USA
6.91-16.93%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
8.48 1.94%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
8.21-1.31%๐Ÿ‡บ๐Ÿ‡ธ USA
7.91-5.01%๐Ÿ‡บ๐Ÿ‡ธ 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.