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Independent Bank INDB

US equityMarket cap rank #2311
$79.71 −$0.35 (-0.44%)
Pre-market · Oct 6, 7:00 am ET · After hours $79.71 0.00%
Open$80.09
Prev close$80.06
Day range$78.91 – $80.27
Volume453.7K
Market cap$3.78B
P/E (TTM)14.4
Dividend yield3.09%

Valuation

Multiples measured against the stock's own five-year history

Price / earnings14.4x
CheapRich

Around its usual level · 43rd percentile, 5-year average 15.5x

#1085 of 2974 stocks by PE (1 = cheapest)

P/E over five years

6x13x20x27xOct '21Apr '24Oct '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$83.27
Price vs. fair value-4.3%Close to the estimate
Star rating★★★☆☆
Economic moatNone
UncertaintyHigh
MultipleCurrentForward5y averagePercentile vs. own historyIndustry rank
PE 14.41 10.56 15.47 43% (cheaper than usual) #1085 of 2974 (1 = cheapest)

Percentile is against this stock’s own 5-year valuation range: higher means it’s trading rich relative to its own history, lower means cheap relative to its own history — it is not a comparison against other companies. Forward multiples use consensus estimates for the next twelve months; a forward multiple below the current one usually signals analysts expect earnings to grow.

Morningstar view

Star rating★★★
Fair value estimate$83.27
Economic moatNone
UncertaintyHigh

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