As of June 9, 2025, Independent Bank Corp (Michigan) (IBCP) reports a Graham Number of 39.89.
Graham Number calculates a stock's intrinsic value based on earnings and book value, aiding in spotting undervalued investments.
Historical Trend of Independent Bank Corp (Michigan)'s Graham Number
Over recent years, Independent Bank Corp (Michigan)'s Graham Number has shown significant volatility. The table below summarizes the historical values:
| Date | Graham Number |
|---|---|
| 2024-12-31 | 39.89 |
| 2023-12-31 | 35.38 |
| 2022-12-31 | 33.98 |
| 2021-12-31 | 36.24 |
| 2020-12-31 | 33.87 |
This steady improvement highlights how Independent Bank Corp (Michigan) manages its intrinsic value calculation based on earnings per share and book value over time.
Comparing Independent Bank Corp (Michigan)'s Graham Number to Peers
To better understand Independent Bank Corp (Michigan)'s position, it's useful to compare its Graham Number against industry peers. Below are selected comparisons:
| Company | Graham Number |
|---|---|
| Independent Bank Corp (Michigan) (IBCP) | 39.89 |
| Farmers & Merchants Bancorp (FMCB) | 1462.98 |
| Century Bancorp Inc (CNBKA) | 106.47 |
| Hills Bancorp (HBIA) | 85.33 |
| Cambridge Bancorp (CATC) | 81.59 |
| First Financial Corp (THFF) | 64.49 |
Compared to its competitors, Independent Bank Corp (Michigan)'s Graham Number is about average compared to peers, reflecting standard fundamental metrics for the industry.