Independent Bank Corp.INDBNASDAQ
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PB Ratio: Discounted Valuation
Below historical average, slight contraction.
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Price-to-book ratio
Latest
0.91
↓ 38% below average
Average (9y)
1.48
Historical baseline
Range
High:2.15
Low:0.91
CAGR
-5.8%
Structural decline
| Period | Value | Change |
|---|---|---|
| 2024 | 0.91 | -9.2% |
| 2023 | 1.00 | -26.0% |
| 2022 | 1.36 | +44.0% |
| 2021 | 0.94 | -34.0% |
| 2020 | 1.43 | -10.8% |
| 2019 | 1.60 | -11.5% |
| 2018 | 1.81 | -10.5% |
| 2017 | 2.02 | -6.1% |
| 2016 | 2.15 | +37.8% |
| 2015 | 1.56 | - |