IN

Independent Bank Corp (Massachusetts)NASDAQ INDB Stock Report

Last reporting period 31 Dec, 2023

Updated 20 Dec, 2024

Last price

Market cap $B

2.524

Small

Exchange

XNAS - Nasdaq

View Section: Eyestock Rating

Independent Bank Fair Value

IN

The fair market value of INDB stock is 92.49 USD. Relative to the market price of 66.02 USD Independent Bank is undervalued by 40.1%

Eyestock's quantitative valuation approach is based on the method of estimating historical multipliers. To determine whether a stock is undervalued, we compare its current price to our estimated of fair value. The more undervalued a stock is, the more investment is profitable.

Fair Relative Value

Undervalued 40.1%
92.49 USD
INDB Fair Value
66.02 USD
Market price of INDB

Independent Bank Valuation

Current INDB share ticker price is 66.02 USD.

The fair value level of 92.49 USD can be considered as an effective entry point for long-term investors to start investing in INDB stock. For a more in-depth assessment, we provide a minimum value that can be used to increase a stock position and a maximum one that can be used to reduce it.

Price chart is not available

1y
3y
5y
All time
Market price

Current market price

Fair value

Current price is 40% lower its fair value

Min value

Current price is 6% higher its minimum value

Max value

Current price is 81% lower its maximum value

23.12.2024

Market price:

* Eyestock is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on eyestock.io represent a recommendation to buy or sell a security.

INDB stock is undervalued

It means the current price may concern as a Moderate Risk Entry Point

Independent Bank Corp (Massachusetts) Stock Valuation Calculator

How do we value a stock?

As fair value, we use the product of the median Price-to-earnings ratios at the end of each reporting period for the last 5 years and earnings per share for the last 12 months. By analogy with the fair value, we calculate the maximum and minimum ones using the corresponding P/E extremums.

1

Maximum P/E over 5 years

22.08

2

Median P/E over 5 years

17.05

3

Minimum P/E over 5 years

11.38

4

Earning per share (last 12 months)

5.43 USD

Maximum value

1

x

4

=

119.78 USD

Fair value

2

x

4

=

92.49 USD

Minimum value

3

x

4

=

61.75 USD

Independent Bank Corp (Massachusetts) price metrics

-4.97

Annual return (geometric mean)

38.6

Risk (standard deviation) of returns

β

0.8

Beta (volatility compared to market)

It means that INDB stock is less volatile than the broader market

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View Section: Profitability