Independent Bank Corp (INDB)

Market price: $83.25

5 valuation methods

• Dividend Discount Model (DDM): $41.05 to $66.85 (midpoint $50.89)
• P / E: $63.40 to $84.16 (midpoint $71.20)
• P / E — normalized: $62.13 to $95.02 (midpoint $75.37)
• P / Tangible Book: $70.33 to $95.92 (midpoint $79.68)
• P / B: $84.39 to $117.25 (midpoint $96.94)