P/E ratio for Independent Bank (INDB)
P/E ratio as of March 2023 (TTM): 16.8
According to Independent Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.7605. At the end of 2021 the company had a P/E ratio of 22.3.
P/E ratio history for Independent Bank from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Washington Trust Bancorp WASH | 8.31 | -50.45% | 🇺🇸 USA |
 Union Bankshares UNB | 7.97 | -52.44% | 🇺🇸 USA |
 Northeast Bank NBN | 6.49 | -61.29% | 🇺🇸 USA |
 Enterprise Bancorp EBTC | 8.96 | -46.52% | 🇺🇸 USA |
 Century BanCorp CNBKA | N/A | N/A | 🇺🇸 USA |
 Brookline Bancorp BRKL | 7.47 | -55.44% | 🇺🇸 USA |
 Boston Private BPFH | N/A | N/A | 🇺🇸 USA |
 Bar Harbor Bankshares
BHB | 9.19 | -45.19% | 🇺🇸 USA |
 Webster Financial WBS | 10.9 | -35.12% | 🇺🇸 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.