INDB Independent Bank PE ratio, current and historical analysis
As of Nov 21, 2024, the Independent Bank stock's P/E ratio is 15.68. This takes into account the latest EPS of $4.6 and stock price of $72.14. The PE ratio has increased by 39% from its last 4 quarters average of 11.3.
INDB PE ratio history
The PE ratio of Independent Bank has averaged 17.4 over the last ten years. The current price-to-earnings ratio of 15.68 is 10% 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.
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
Currently, INDB's PE ratio is higher than the 3 and 5-year averages, but it is under its 10-year average.
INDB PE vs peers
When compared to its peer UNB, INDB's PE ratio is lower, but it is higher than WBS's and BRKL's. Independent Bank's PE ratio is trading above the peer average of 13.9.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EBTC Enterprise Bancorp Inc | 12.56 | $452.8M |
| BHB Bar Harbor Bankshares | 12.73 | $540.48M |
| WBS Webster Financial Corp | 13.69 | $10.37B |
| WASH Washington Trust Bancorp Inc | 13.71 | $624.57M |
| BRKL Brookline Bancorp Inc | 14.77 | $1.09B |
| INDB Independent Bank Corp | 15.68 | $3.07B |
| UNB Union Bankshares Inc | 15.92 | $140.42M |
Frequently asked questions
What is Independent Bank's PE ratio?
The price to earnings ratio for INDB stock is 15.68 as of Nov 21, 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 14.74.
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 15.47.
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 10% 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 (Nov 21, 2024), Independent Bank's share price is $72.14. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $4.6. Therefore, Independent Bank's price to earnings ratio for today is 15.68. PE RATIO(15.68) = STOCK PRICE($72.14) / TTM EPS($4.6)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.