SharesGrow 7-Criteria Score
All 7 criteria scored · valuation-related highlighted on this page
Independent Bank Corp. (INDB) trades at a trailing P/E of 19.3, forward P/E of 11.0. Trailing earnings yield is 5.19%, forward earnings yield 9.12%. PEG 0.17 (Peter Lynch undervalued ≤1.0). Graham Number is $82.03.
Criteria proven by this page:
- VALUE (58/100, Partial) — mixed signals — some valuation metrics are favorable while others are stretched.
- Forward P/E 11.0 (down from trailing 19.3) — analysts expect earnings to grow, which would improve the valuation.
- PEG Ratio 0.17 — below 1.0 suggests the stock is undervalued relative to its earnings growth rate (Peter Lynch criterion).
- Trailing Earnings Yield 5.19% — exceeds typical bond yields (~4.3%), making equity attractive vs fixed income. Forward yield improves to 9.12% as earnings recover.
- Analyst consensus target $80.00 (+-0% upside) — modest upside expected.
Overall SharesGrow Score: 57/100 with 2/7 criteria passed.
SharesGrow 7-Criteria Score
~
VALUE
58/100
Price-to-Earnings & upside
Proven by this page
✗
HEALTH
33/100
Debt-to-Equity & liquidity
→ Health
Valuation Snapshot — INDB
Valuation Multiples
P/E (TTM)19.3
Forward P/E11.0
PEG Ratio0.17
Forward PEG0.17
P/B Ratio1.11
P/S Ratio3.35
EV/EBITDA14.7
Per Share Data
EPS (TTM)$4.15
Forward EPS (Est.)$7.30
Book Value / Share$72.10
Revenue / Share$23.60
FCF / Share$5.01
Yields & Fair Value
Earnings Yield5.19%
Forward Earnings Yield9.12%
Dividend Yield3.02%
Graham Number$82.03
SharesGrow IV$102.87 (+28.5%)
Analyst Target$80.00 (+-0%)
Historical Valuation
| Year |
P/E (TTM) |
PEG Ratio |
P/B Ratio |
P/S Ratio |
Dividend Yield |
| 2016 |
24.3 |
1.56 |
2.15 |
5.70 |
1.60% |
| 2017 |
21.9 |
2.19 |
2.02 |
5.34 |
1.79% |
| 2018 |
16.0 |
0.42 |
1.81 |
4.71 |
2.07% |
| 2019 |
16.5 |
1.18 |
1.60 |
4.91 |
1.95% |
| 2020 |
20.0 |
-0.73 |
1.43 |
4.79 |
2.50% |
| 2021 |
23.5 |
-5.03 |
0.94 |
5.51 |
2.21% |
| 2022 |
14.8 |
0.23 |
1.36 |
5.22 |
2.39% |
| 2023 |
12.1 |
-2.56 |
1.00 |
3.19 |
3.37% |
| 2024 |
14.2 |
-0.86 |
0.91 |
2.80 |
3.53% |
| 2025 |
17.6 |
-11.38 |
1.01 |
3.10 |
2.88% |
P/E Ratio & Earnings Yield
Earnings Per Share (EPS) History
| Year |
EPS (Diluted) |
Revenue |
Net Income |
Net Margin |
| 2016 |
$2.90 |
$326.07M |
$76.65M |
23.5% |
| 2017 |
$3.19 |
$356.76M |
$87.2M |
24.4% |
| 2018 |
$4.40 |
$412.21M |
$121.62M |
29.5% |
| 2019 |
$5.03 |
$556.63M |
$165.18M |
29.7% |
| 2020 |
$3.64 |
$507.42M |
$121.17M |
23.9% |
| 2021 |
$3.47 |
$515.98M |
$120.99M |
23.4% |
| 2022 |
$5.69 |
$749.84M |
$263.81M |
35.2% |
| 2023 |
$5.42 |
$911.33M |
$239.5M |
26.3% |
| 2024 |
$4.52 |
$974.14M |
$192.08M |
19.7% |
| 2025 |
$4.45 |
$1.17B |
$205.12M |
17.6% |
Analyst Estimates
| Year |
EPS (Avg) |
EPS Range |
Revenue (Avg) |
Revenue Range |
Analysts |
| 2026 |
$7.28 |
$7.20 – $7.35 |
$1.04B |
$1.04B – $1.05B |
4 |
| 2027 |
$8.30 |
$8.13 – $8.51 |
$1.11B |
$1.1B – $1.12B |
4 |
| 2028 |
$9.58 |
$9.49 – $9.68 |
$939.31M |
$932.47M – $946.88M |
1 |
