Independent Bank (Michigan)
IBCP
$24.49
Share price
0.53%
Change (1 day)
41.48%
Change (1 year)
Categories
Independent Bank (Michigan) (IBCP) - P/B ratio
P/B ratio as of April 2024 : 1.27
According to Independent Bank (Michigan)'s latest financial reports the company has a price-to-book ratio of 1.27.
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 (Michigan) - P/B ratio (from 2001 to 2023)
P/B ratio by year
| Year | P/B ratio | Change |
|---|---|---|
| 2023-12-31 | 1.34 | -7.51% |
| 2022-12-31 | 1.45 | 14.31% |
| 2021-12-31 | 1.27 | 22.38% |
| 2020-12-31 | 1.04 | -28.74% |
| 2019-12-31 | 1.45 | -0.54% |
| 2018-12-31 | 1.46 | -19.23% |
| 2017-12-31 | 1.81 | -2.24% |
| 2016-12-31 | 1.85 | 37.2% |
| 2015-12-31 | 1.35 | 12.79% |
| 2014-12-31 | 1.20 | 1.2% |
| 2013-12-31 | 1.18 | 400.81% |
| 2012-12-31 | 0.2361 | 114.87% |
| 2011-12-31 | 0.1099 | 28.06% |
| 2010-12-31 | 0.0858 | -45.51% |
| 2009-12-31 | 0.1575 | -38.27% |
| 2008-12-31 | 0.2551 | -71.49% |
| 2007-12-31 | 0.8946 | -60.06% |
| 2006-12-31 | 2.24 | -7.14% |
| 2005-12-31 | 2.41 | -13.79% |
| 2004-12-31 | 2.80 | -18.22% |
| 2003-12-31 | 3.42 | 31.3% |
| 2002-12-31 | 2.61 |
P/B ratio for similar companies or competitors
| Company | P/B ratio | differencediff. | Country |
|---|---|---|---|
 Huntington Bancshares
HBAN | 1.02 | -19.78% | 🇺🇸 USA |
 Mercantile Bank MBWM | 1.13 | -11.07% | 🇺🇸 USA |
 Macatawa Bank MCBC | 1.71 | 34.83% | 🇺🇸 USA |
 1st Source
SRCE | 1.15 | -9.29% | 🇺🇸 USA |