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Independent Bank price to book ratio IBCP

Market value divided by the book value of the company's net assets, since 2011.

Today, Oct 23, 2026
1.6×
10-year median
1.4×
Against its 10-year history
70th
percentile: 0 is its lowest day, 100 its highest
10-year range
0.7× to 2.4×
Peer median
1.3×

Independent Bank's price to book ratio is 1.6× as of Oct 23, 2026.

That is above its ten-year median of 1.4×, higher than on 70% of days in the last ten years.

Over that time it ranged from 0.7× in Mar 2020 to 2.4× in Jun 2018.

The median for 10 regional banks of a similar size is 1.3×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far1.6×1.3×1.6×
20251.4×1.3×1.7×
20241.6×1.2×1.8×
20231.4×0.9×1.6×
20221.5×1.1×1.6×
20211.3×1.1×1.4×
20201.1×0.7×1.5×
20191.5×1.3×1.6×
20181.5×1.4×2.4×
20171.8×1.6×1.9×
20161.8×1.2×1.8×
20151.3×1.1×1.4×
20141.2×1.1×1.4×
20131.2×0.3×1.2×
20120.3×0.1×0.3×
20110.1×0.1×0.1×

Against its peers

Companies in Banks - Regional nearest Independent Bank's size, closest first, today.

CompanyPrice to book ratio
IBCPIndependent Bank1.6×
SPFISouth Plains Financial1.3×
PGCPeapack Gladstone Financial1.1×
HTBHomeTrust Bancshares1.3×
SMBCSouthern Missouri Bancorp1.3×
CCBGCapital City Bank1.5×
MPBMID Penn Bancorp1.0×
ORRFOrrstown Financial Services1.4×
GSBCGreat Southern Bancorp1.4×
WASHWashington Trust Bancorp1.3×
THFFFirst Financial1.3×
Peer median1.3×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Independent Bank

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.