Independent Bank (Ionia MI) (Independent Bank (Ionia MI)) Price-to-Tangible-Book : 1.58 (As of Apr. 25, 2024)

Independent Bank (Ionia MI) Price-to-Tangible-Book Chart

Independent Bank (Ionia MI) Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Price-to-Tangible-Book		Get a 7-Day Free Trial					1.71	1.19	1.48	1.84	1.63

Independent Bank (Ionia MI) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.84	1.27	1.18	1.28	1.63

Competitive Comparison of Independent Bank (Ionia MI)'s Price-to-Tangible-Book

For the Banks - Regional subindustry, Independent Bank (Ionia MI)'s Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Independent Bank (Ionia MI)'s Price-to-Tangible-Book Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Independent Bank (Ionia MI)'s Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Independent Bank (Ionia MI)'s Price-to-Tangible-Book falls into.

Independent Bank (Ionia MI) Price-to-Tangible-Book Calculation

Independent Bank (Ionia MI)'s price-to-tangible-book ratio for today is calculated as:

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Independent Bank (Ionia MI) Price-to-Tangible-Book Related Terms

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Independent Bank (Ionia MI) (Independent Bank (Ionia MI)) Business Description