INDB Historical PE Ratio image   This INDB PE ratio history page last updated 3/11/2024
INDB Historical PE Ratio Chart
PeriodPriceGAAPAnnualizedPE
Q4 2023
1/18/2024
61.031.265.0412.1
Q3 2023
10/19/2023
47.801.385.528.7
Q2 2023
7/20/2023
53.421.425.689.4
Q1 2023
4/20/2023
61.691.365.4411.3
Q4 2022
1/19/2023
79.241.696.7611.7
Q3 2022
10/20/2022
80.301.576.2812.8
Q2 2022
7/21/2022
81.631.325.2815.5
Q1 2022
4/21/2022
80.231.234.9216.3
Q4 2021
1/20/2022
79.861.636.5212.2
Q3 2021
10/21/2021
83.411.255.0016.7
Q2 2021
7/22/2021
68.701.174.6814.7
Q1 2021
4/22/2021
79.071.265.0415.7
Q4 2020
1/21/2021
78.681.174.6816.8
Q3 2020
10/22/2020
55.521.064.2413.1
Q2 2020
7/23/2020
67.580.763.0422.2
Q1 2020
4/23/2020
67.710.783.1221.7
Q4 2019
1/16/2020
81.471.385.5214.8
Q3 2019
10/17/2019
75.871.506.0012.6
Q2 2019
7/18/2019
73.321.425.6812.9
Q1 2019
4/18/2019
84.361.305.2016.2
Q4 2018
1/17/2019
74.721.295.1614.5
Q3 2018
10/18/2018
81.211.275.0816.0
Q2 2018
7/19/2018
81.651.144.5617.9
Q1 2018
4/19/2018
73.901.004.0018.5
Q4 2017
1/18/2018
72.450.893.5620.4
Q3 2017
10/19/2017
74.600.873.4821.4
Q2 2017
7/20/2017
66.350.823.2820.2
Q1 2017
4/20/2017
64.850.783.1220.8
Q4 2016
1/19/2017
66.950.763.0422.0
Q3 2016
10/20/2016
53.550.783.1217.2
Q2 2016
7/21/2016
47.480.783.1215.2
Q1 2016
4/21/2016
47.380.722.8816.5
Q4 2015
1/21/2016
41.350.742.9614.0
Q3 2015
10/15/2015
45.370.712.8416.0
Q2 2015
7/16/2015
48.560.682.7217.9
Q1 2015
4/16/2015
44.360.632.5217.6
Q4 2014
1/22/2015
40.100.692.7614.5
Q3 2014
10/16/2014
37.130.672.6813.9
Q2 2014
7/17/2014
36.460.632.5214.5
Q1 2014
4/17/2014
38.790.512.0419.0
Q4 2013
1/30/2014
36.750.451.8020.4
Q3 2013
10/17/2013
36.820.642.5614.4
Q2 2013
7/11/2013
36.020.582.3215.5
Q1 2013
4/25/2013
30.500.542.1614.1
Q4 2012
1/24/2013
31.530.361.4421.9
Q3 2012
10/18/2012
29.750.552.2013.5
INDB PE History Chart
PeriodPriceGAAPTTMPE
Q4 2023
1/18/2024
61.031.265.4211.3
Q3 2023
10/19/2023
47.801.385.858.2
Q2 2023
7/20/2023
53.421.426.048.8
Q1 2023
4/20/2023
61.691.365.9410.4
Q4 2022
1/19/2023
79.241.695.8113.6
Q3 2022
10/20/2022
80.301.575.7514.0
Q2 2022
7/21/2022
81.631.325.4315.0
Q1 2022
4/21/2022
80.231.235.2815.2
Q4 2021
1/20/2022
79.861.635.3115.0
Q3 2021
10/21/2021
83.411.254.8517.2
Q2 2021
7/22/2021
68.701.174.6614.7
Q1 2021
4/22/2021
79.071.264.2518.6
Q4 2020
1/21/2021
78.681.173.7720.9
Q3 2020
10/22/2020
55.521.063.9813.9
Q2 2020
7/23/2020
67.580.764.4215.3
Q1 2020
4/23/2020
67.710.785.0813.3
Q4 2019
1/16/2020
81.471.385.6014.5
Q3 2019
10/17/2019
75.871.505.5113.8
Q2 2019
7/18/2019
73.321.425.2813.9
Q1 2019
4/18/2019
84.361.305.0016.9
Q4 2018
1/17/2019
74.721.294.7015.9
Q3 2018
10/18/2018
81.211.274.3018.9
Q2 2018
7/19/2018
81.651.143.9020.9
Q1 2018
4/19/2018
73.901.003.5820.6
Q4 2017
1/18/2018
72.450.893.3621.6
Q3 2017
10/19/2017
74.600.873.2323.1
Q2 2017
7/20/2017
66.350.823.1421.1
Q1 2017
4/20/2017
64.850.783.1020.9
Q4 2016
1/19/2017
66.950.763.0422.0
Q3 2016
10/20/2016
53.550.783.0217.7
Q2 2016
7/21/2016
47.480.782.9516.1
Q1 2016
4/21/2016
47.380.722.8516.6
Q4 2015
1/21/2016
41.350.742.7615.0
Q3 2015
10/15/2015
45.370.712.7116.7
Q2 2015
7/16/2015
48.560.682.6718.2
Q1 2015
4/16/2015
44.360.632.6216.9
Q4 2014
1/22/2015
40.100.692.5016.0
Q3 2014
10/16/2014
37.130.672.2616.4
Q2 2014
7/17/2014
36.460.632.2316.3
Q1 2014
4/17/2014
38.790.512.1817.8
Q4 2013
1/30/2014
36.750.452.2116.6
Q3 2013
10/17/2013
36.820.642.1217.4
Q2 2013
7/11/2013
36.020.582.0317.7
Q1 2013
4/25/2013
30.500.54NANA
Q4 2012
1/24/2013
31.530.36NANA
Q3 2012
10/18/2012
29.750.55NANA
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Independent Bank (INDB) is categorized under the Financials sector; to help you further research PE history across stocks, below are some other companies in the same sector:

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How should the INDB historical PE ratio be determined?
Realizing that PE stands for Price to Earnings ratio, we need two values to compute it: stock price and earnings per share. The stock price at any given date is a known historical value, but what about the earnings number to use?

✔️Accepted answer: There are a number of different approaches when it comes to calculating a historical PE ratio for a company like Independent Bank. We like to take our measurements on each of the past quarterly earnings reports. That only leaves the question of whether the earnings number at that quarterly report should be used on an annualized basis, or some other method. We approach this question using three different methods, on this INDB Historical PE Ratio page.

What is the average historical PE for INDB based on annualized quarterly earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use that quarter's earnings result annualized?

✔️Accepted answer: The INDB historical PE ratio using the annualized quarterly earnings method works out to 16.0.

What is the average historical PE for INDB based on trailing twelve month earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use the trailing twelve months combined earnings result in the calculation?

✔️Accepted answer: The INDB historical PE ratio using the TTM earnings method works out to 16.4.

What is the average historical PE for INDB based on median TTM earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use the median earnings over the trailing twelve months and annualize that median result in the calculation?

✔️Accepted answer: The INDB historical PE ratio using the annualized median TTM earnings method works out to 5.48.

On this page we presented the INDB Historical PE Ratio information for Independent Bank' stock. The average INDB historical PE based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 16.0. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average INDB historical PE based on this TTM earnings result method is 16.4.

Let's now compare this INDB historical PE result, against the recent PE: when this page was posted on 3/8/2024, the most recent closing price for INDB had been 51.84, and the most recent quarterly earnings result, annualized, was 5.04. Meanwhile, the most recent TTM earnings summed to 5.42. From these numbers, we calculate the recent INDB PE on 3/8/2024 based on annualized quarterly EPS was 10.3. Based on INDB's history, that recent PE is low relative to the historical average, with the recent PE 35.6% lower than the historical average PE across our data set for Independent Bank. Looking at the recent INDB PE on 3/8/2024 based on TTM EPS, we calculate the ratio at 9.6. Based on INDB's history, that recent PE is low relative to the historical average, with the recent PE 41.5% lower than the average PE across our Independent Bank data set with TTM EPS used in the calculation at each period.

Another interesting INDB historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for INDB, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for INDB, we start with the past four EPS numbers and we first sort them from lowest to highest: 1.26, 1.36, 1.38, and 1.42. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 1.36 and 1.38 — which gives us the median of 1.37. Basically the way to think about this 1.37 number is this: for the trailing four earnings reports, 1.37 marks the "middle ground" number where INDB has reported a value higher than 1.37 half the time, and has reported a value lower than 1.37 half the time. Annualizing that median value then gets us to 5.48/share, which we use as the denominator in our next PE calculation. With 51.84 as the numerator (as of 3/8/2024), the calculation is then 51.84 / 5.48 = 9.5 as the INDB PE ratio as of 3/8/2024, based on that annualized median value we calculated.

For self directed investors doing their due diligence on INDB or any other given stock, valuation analysis for INDB can greatly benefit from studying the past earnings and resulting PE calculations. This exercise can help inform an analysis as to whether the past earnings trajectory and current versus historical PE ratios justify the current stock value.

That's why we bring you HistoricalPERatio.com to make it easy for investors to investigate Independent Bank PE history or the past PE information for any stock in our coverage universe. And in your continued research we hope you will be sure to check out the further links included for earnings surprises history (beat/miss data) as well as next earnings dates for INDB. Thanks for visiting, and the next time you need to research INDB Historical PE Ratio or the ratio for another stock, we hope you'll think of our site, as your go-to historical PE ratio research resource of choice.

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