INDB Independent Bank PE ratio, current and historical analysis
As of Sep 6, 2024, the Independent Bank stock's P/E ratio is 12.07. This takes into account the latest EPS of $4.97 and stock price of $59.97. The PE ratio has increased by 18% from its last 4 quarters average of 10.2.
INDB PE ratio history
The PE ratio of Independent Bank has averaged 17.47 over the last ten years. The current price-to-earnings ratio of 12.07 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.
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 under its 3, 5 and 10-year averages.
INDB PE vs 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 10.85.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WBS Webster Financial Corp | 9.43 | $7.45B |
| EBTC Enterprise Bancorp Inc | 10.24 | $367.76M |
| BHB Bar Harbor Bankshares | 11.06 | $457.71M |
| UNB Union Bankshares Inc | 11.23 | $112.78M |
| BRKL Brookline Bancorp Inc | 11.45 | $875.78M |
| WASH Washington Trust Bancorp Inc | 11.7 | $534.95M |
| INDB Independent Bank Corp | 12.07 | $2.55B |
Frequently asked questions
What is Independent Bank's PE ratio?
The price to earnings ratio for INDB stock is 12.07 as of Sep 6, 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 15.03.
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 15.61.
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 31% 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 (Sep 6, 2024), Independent Bank's share price is $59.97. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $4.97. Therefore, Independent Bank's price to earnings ratio for today is 12.07. PE RATIO(12.07) = STOCK PRICE($59.97) / TTM EPS($4.97)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.