Independent Bank (Michigan)
IBCP
#5959
Rank
$0.52 B
Marketcap
$25.35
Share price
1.12%
Change (1 day)
44.12%
Change (1 year)

P/E ratio for Independent Bank (Michigan) (IBCP)

P/E ratio as of March 2024 (TTM): 8.80

According to Independent Bank (Michigan)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.80208. At the end of 2022 the company had a P/E ratio of 7.95.

P/E ratio history for Independent Bank (Michigan) from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20227.95-3.12%
20218.2014.14%
20207.19-35.27%
201911.1-10.2%
201812.4-46.89%
201723.314.8%
201620.317.18%
201517.33.44%
201416.71016.78%
20131.506.58%
20121.41-411.77%
2011-0.450882.07%
2010-0.247636.36%
2009-0.1816-66.46%
2008-0.5414-102.62%
200720.713.7%
200618.234.07%
200513.5-18.71%
200416.77.05%
200315.6-14.73%
200218.31.89%
200117.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
9.06 2.91%๐Ÿ‡บ๐Ÿ‡ธ USA
7.33-16.71%๐Ÿ‡บ๐Ÿ‡ธ USA
7.36-16.37%๐Ÿ‡บ๐Ÿ‡ธ USA
10.2 16.32%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.