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INDB Independent Bank PE ratio, current and historical analysis

As of May 22, 2024, the Independent Bank stock's P/E ratio is 10.44. This takes into account the latest EPS of $5.18 and stock price of $54.06. The PE ratio has increased by 10% from its last 4 quarters average of 9.5.

INDB PE ratio history

How has INDB's PE ratio performed in the past

The PE ratio of Independent Bank has averaged 17.64 over the last ten years. The current price-to-earnings ratio of 10.44 is 41% 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.

Average
17.64
Median
17.31
Minimum
7.38
Maximum
24.64

Independent Bank PE ratio by year

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%

INDB average PE ratio chart

What is the average PE ratio of INDB for the past years

Currently, INDB's PE ratio is under its 3, 5 and 10-year averages.

3-year avg
15.57
5-year avg
15.97
10-year avg
17.64
15-year avg
17.4

INDB PE vs peers

What is INDB's PE ratio compared to its peers

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 9.58.

Stock name PE ratio Market cap
EBTC Enterprise Bancorp Inc 8.8 $316.79M
WBS Webster Financial Corp 9.21 $7.74B
BRKL Brookline Bancorp Inc 9.58 $792.05M
BHB Bar Harbor Bankshares 9.68 $405.64M
WASH Washington Trust Bancorp Inc 9.98 $461.15M
UNB Union Bankshares Inc 10.24 $109.69M
INDB Independent Bank Corp 10.44 $2.3B

Frequently asked questions

What is Independent Bank's PE ratio?

The price to earnings ratio for INDB stock is 10.44 as of May 22, 2024.

What is the 3-year average PE ratio for Independent Bank (INDB)?

As an average over the last 3 years, INDB stock has a PE ratio of 15.57.

What is the 5-year average PE ratio for Independent Bank (INDB)?

As an average over the last 5 years, INDB stock has a PE ratio of 15.97.

What is the highest PE ratio for INDB?

Over the last ten years, the quarterly PE ratio reached its highest level at 24.64 in the Sep 2017 quarter.

How does the current PE ratio for INDB compare to its historical average?

INDB's price to earnings ratio is currently 41% below its 10-year historical average.

How is INDB's PE ratio calculated (Independent Bank PE ratio formula)?

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 (May 22, 2024), Independent Bank's share price is $54.06. 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 10.44. PE RATIO(10.44) = STOCK PRICE($54.06) / TTM EPS($5.18)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.