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Independent BankIBCP -0.87%66 EV-to-FCF is 21.40 as of Aug. 25, 2026, which is 102% above its 10-year median of 10.60. GuruFocus rates IBCP with a GF Score™ of 66/100 and a GF Value™ of $33.46 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,181 Banks companies, Independent Bank ranks worse than 85.1% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Independent Bank's Enterprise Value is $815.1 Mil.
Independent Bank's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was $38.1 Mil. Therefore, Independent Bank's EV-to-FCF for today is 21.40.
The historical rank and industry rank for Independent Bank's EV-to-FCF or its related term are showing as below:
IBCP'
s EV-to-FCF Range Over the Past 10 Years
Min: 3.12 Med: 10.6 Max: 42.56
Current: 21.4
During the past 13 years, the highest EV-to-FCF of Independent Bank was 42.56. The lowest was 3.12. And the median was 10.60.
IBCP's EV-to-FCF is ranked worse than 85.1% of 1181
companies
in the Banks industry
Industry Median: 7.08
vs IBCP: 21.40
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Independent Bank's PE Ratio (TTM) for today is calculated as:
Independent Bank's share price for today is $36.65.
Independent Bank's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.440.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Independent Bank EV-to-FCF Related Terms
Independent Bank EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Independent Bank's EV-to-FCF 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.
For the Banks - Regional subindustry, Independent Bank's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Banks Industry
For the Banks industry and Financial Services sector, Independent Bank's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Independent Bank's EV-to-FCF falls into.
Independent Bank's current Enterprise Value is $815.1 Mil.
Independent Bank's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $38.1 Mil.
* 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 (IBCP) has a EV-to-FCF of 21.40 as of Aug. 25, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Independent Bank and its competitors. This is 102% above median its historical median of 10.60. Over the past decade, Independent Bank's EV-to-FCF has ranged from 3.12 to 42.56. According to the industry distribution chart, Independent Bank ranks #1005 out of 1181 companies in the Banks industry, placing it in the top 85.1%.
Is Independent Bank's EV-to-FCF too high?
Independent Bank's current EV-to-FCF of 21.40 is 102% above median its 10-year median of 10.60. Over the past 10 years, this metric has ranged from a low of 3.12 to a high of 42.56. The Banks industry median EV-to-FCF is 7.08. Independent Bank's value of 21.40 is 202.3% above this industry median. Based on the distribution chart, Independent Bank ranks #1005 out of 1181 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Independent Bank has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Independent Bank's EV-to-FCF compare to HBIA and SHBI?
According to the Banks industry distribution chart, Independent Bank ranks #1005 out of 1181 companies for EV-to-FCF. This places Independent Bank in the lower half of its industry. The industry median EV-to-FCF is 7.08. Independent Bank's value of 21.40 is 202.3% above this benchmark. Historically, Independent Bank's own EV-to-FCF has ranged from 3.12 to 42.56 over the past decade. While the company's 10-year median is 10.60 vs. the industry median of 7.08, Independent Bank has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Banks company?
The median EV-to-FCF among Banks companies is 7.08, based on 1,181 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Independent Bank's current EV-to-FCF of 21.40 is 202.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Independent Bank and its competitors. For the Banks industry, the median EV-to-FCF is 7.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Independent Bank's current EV-to-FCF is 21.40, which is 102% above median its own 10-year median of 10.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independent Bank stock overvalued right now?
Based on GuruFocus' analysis, Independent Bank (IBCP) is currently considered Fairly Valued. The stock's GF Value™ is $33.46, compared to a current price of $36.65 — trading 9.5% above its estimated fair value. The current EV-to-FCF is 21.40, which is 102% above median its 10-year median of 10.60 and 202.3% above the Banks industry median of 7.08. Independent Bank's overall GF Score™ is 66/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Independent Bank (IBCP), the current EV-to-FCF is 21.40 as of Aug. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Independent Bank (IBCP) Overvalued in 2026?
Based on GuruFocus' analysis, Independent Bank stock appears to be overvalued.
The current stock price of $36.65 is trading 9.5% above its estimated GF Value™ of $33.46.
GuruFocus considers Independent Bank to be Fairly Valued.
Key valuation signals for IBCP:
EV-to-FCF: 21.40 (102% above median its 10-year median of 10.60)
GF Value™: $33.46 vs. price of $36.65 (9.5% above fair value)
Industry Position: 202.3% above the Banks median (#1005 of 1181)
No single metric tells the full story. See the IBCP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Independent Bank Corp. operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers. The firm's principal markets are the rural and suburban communities across Lower Michigan. The firm generates the majority of its revenue from Interest and fees on loans.
66GF Score
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