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As of today (2024-06-05), Independent Bank's share price is $49.77. Independent Bank's Owner Earnings per Share (TTM) ended in Mar. 2024 was $6.18. It's Price-to-Owner-Earnings for today is 8.05.
The historical rank and industry rank for Independent Bank's Price-to-Owner-Earnings or its related term are showing as below:
During the past 13 years, the highest Price-to-Owner-Earnings of Independent Bank was 136.22. The lowest was 5.21. And the median was 14.92.
As of today (2024-06-05), Independent Bank's share price is $49.77. Independent Bank's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2024 was $5.18. Therefore, Independent Bank's PE Ratio for today is 9.61.
As of today (2024-06-05), Independent Bank's share price is $49.77. Independent Bank's EPS without NRI for the trailing twelve months (TTM) ended in was $5.18. Therefore, Independent Bank's PE Ratio without NRI for today is 9.61.
During the past 13 years, Independent Bank's highest PE Ratio without NRI was 26.95. The lowest was 7.38. And the median was 16.06.
The historical data trend for Independent Bank's Price-to-Owner-Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Independent Bank Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Price-to-Owner-Earnings | Get a 7-Day Free Trial | 12.94 | 100.88 | 15.97 | 8.99 | 10.98 |
Independent Bank Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Price-to-Owner-Earnings | Get a 7-Day Free Trial | 7.62 | 5.21 | 6.71 | 10.98 | 8.41 |
For the Banks - Regional subindustry, Independent Bank's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Banks industry and Financial Services sector, Independent Bank's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Independent Bank's Price-to-Owner-Earnings falls into.
In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
Independent Bank's Price-to-Owner-Earnings for today is calculated as
Price-to-Owner-Earnings | = | Share Price | / | Owner Earnings per Share (TTM) |
= | 49.77 | / | 6.18 | |
= | 8.05 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Independent Bank (NAS:INDB) Price-to-Owner-Earnings Explanation
For how to get Owner Earnings per Share (TTM), please click.
Thank you for viewing the detailed overview of Independent Bank's Price-to-Owner-Earnings provided by GuruFocus.com. Please click on the following links to see related term pages.
John J Morrissey | director | C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370 |
Jeffrey J Tengel | director, officer: Chief Executive Officer | 1900 EAST NINTH STREET, CLEVELAND OH 44114 |
Lee C Powlus | officer: Chief Tech & Operations Off. | 850 MAIN STREET, BRIDGEPORT CT 06604 |
Patricia M Natale | officer: General Counsel | |
Barry H Jensen | officer: Chief Information Officer | INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370 |
Mark J Ruggiero | officer: Principal Accounting Officer | C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370 |
Scott Smith | director | 320 NORWOOD PARK SOUTH, NORWOOD MA 02062 |
Maureen A. Gaffney | officer: Principal Accounting Officer | C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370 |
Christopher Oddleifson | director, officer: President and CEO | |
Eileen C Miskell | director | C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370 |
Edward H Seksay | officer: General Counsel | C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370 |
Robert D Cozzone | officer: CFO and Treasurer | C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370 |
Dawn Mugford | officer: Chief Risk Officer | C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370 |
Donna L Abelli | director | INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370 |
Gerard F Nadeau | officer: Executive Vice President | C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370 |
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