Independent Bank (Michigan) (IBCP) - P/B ratio

P/B ratio as of November 2024 : 1.78

According to Independent Bank (Michigan)'s latest financial reports the company has a price-to-book ratio of 3.88958.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Independent Bank (Michigan) - P/B ratio (from 2001 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.34	-7.51%
2022-12-31	1.45	14.31%
2021-12-31	1.27	22.38%
2020-12-31	1.04	-28.74%
2019-12-31	1.45	-0.54%
2018-12-31	1.46	-19.23%
2017-12-31	1.81	-2.24%
2016-12-31	1.85	37.2%
2015-12-31	1.35	12.79%
2014-12-31	1.20	1.2%
2013-12-31	1.18	400.81%
2012-12-31	0.2361	114.87%
2011-12-31	0.1099	28.06%
2010-12-31	0.0858	-45.51%
2009-12-31	0.1575	-38.27%
2008-12-31	0.2551	-71.49%
2007-12-31	0.8946	-60.06%
2006-12-31	2.24	-7.14%
2005-12-31	2.41	-13.79%
2004-12-31	2.80	-18.22%
2003-12-31	3.42	31.3%
2002-12-31	2.61

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Mercantile Bank MBWM	1.39	-21.91%	🇺🇸 USA
Macatawa Bank MCBC	1.74	-2.33%	🇺🇸 USA
1st Source SRCE	1.40	-21.45%	🇺🇸 USA
Huntington Bancshares HBAN	1.24	-30.27%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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