Is Independent Bank Corp. overvalued?

Independent Bank Corp. (INDB) looks undervalued — trading about 11% below its fair value.

Undervalued

Price

$81.20

Fair value

$90.35

Current P/E

13.1

Normal P/E

14.6

Market cap

$3.92B

Dividend yield

3.1%

Return on equity

7.7%

Sector

Financial Services

Fair value compares INDB's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 24 Sep 2026.

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