As of Jul 25, 2024, the Independent Bank stock's P/E ratio is 12.16. This takes into account the latest EPS of $5.18 and stock price of $63. The PE ratio has increased by 28% from its last 4 quarters average of 9.5.
The PE ratio of Independent Bank has averaged 17.65 over the last ten years. The current price-to-earnings ratio of 12.16 is 31% less than the historical average. Analyzing the last ten years, INDB's PE ratio reached its highest point in the Sep 2017 quarter at 24.64, when the price was $74.65 and the EPS was $3.03. The lowest point was recorded in the Jun 2023 quarter, when it reached 7.38 with a price of $44.51 and an EPS of $6.03.
Maximum annual increase: 31.08% in 2016
Maximum annual decrease: -36.85% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 12.14 | -18.19% |
| 2022 | 14.84 | -36.85% |
| 2021 | 23.5 | 17.09% |
| 2020 | 20.07 | 21.27% |
| 2019 | 16.55 | 3.83% |
| 2018 | 15.94 | -27.21% |
| 2017 | 21.9 | -9.84% |
| 2016 | 24.29 | 31.08% |
| 2015 | 18.53 | 8.24% |
| 2014 | 17.12 | -4.57% |
Currently, INDB's PE ratio is under its 3, 5 and 10-year averages.
When compared to its peer stocks WBS and BRKL, INDB's PE ratio is higher. Independent Bank's PE ratio is trading above the peer average of 10.95.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WBS Webster Financial Corp | 10.04 | $8.44B |
| EBTC Enterprise Bancorp Inc | 10.16 | $365.92M |
| UNB Union Bankshares Inc | 11.03 | $118.09M |
| BRKL Brookline Bancorp Inc | 11.29 | $933.39M |
| BHB Bar Harbor Bankshares | 11.9 | $498.56M |
| WASH Washington Trust Bancorp Inc | 12.04 | $556.48M |
| INDB Independent Bank Corp | 12.38 | $2.72B |
The price to earnings ratio for INDB stock is 12.16 as of Jul 25, 2024.
As an average over the last 3 years, INDB stock has a PE ratio of 15.47.
As an average over the last 5 years, INDB stock has a PE ratio of 15.9.
Over the last ten years, the quarterly PE ratio reached its highest level at 24.64 in the Sep 2017 quarter.
INDB's price to earnings ratio is currently 31% below its 10-year historical average.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (Jul 25, 2024), Independent Bank's share price is $63. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $5.18. Therefore, Independent Bank's price to earnings ratio for today is 12.16. PE RATIO(12.16) = STOCK PRICE($63) / TTM EPS($5.18)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.