The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Independent Bank (Ionia MI)'s share price is $24.99.
Independent Bank (Ionia MI)'s Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $9.41. Hence, Independent Bank (Ionia MI)'s PS Ratio for today is 2.66.
Warning Sign:
Independent Bank Corp (Ionia MI) stock PS Ratio (=2.66) is close to 3-year high of 2.83
The historical rank and industry rank for Independent Bank (Ionia MI)'s PS Ratio or its related term are showing as below:
IBCP'
s PS Ratio Range Over the Past 10 Years
Min: 0.9 Med: 2.72 Max: 4.36
Current: 2.68
During the past 13 years, Independent Bank (Ionia MI)'s highest PS Ratio was 4.36. The lowest was 0.90. And the median was 2.72.
IBCP's PS Ratio is ranked worse than 61.01% of 1449
companies
in the Banks industry
Industry Median: 2.38
vs IBCP: 2.68
Independent Bank Corp (Ionia MI) revenue growth has slowed down over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Independent Bank (Ionia MI) was -1.40% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 2.10% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 8.50% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 8.90% per year.
During the past 13 years, Independent Bank (Ionia MI)'s highest 3-Year average Revenue per Share Growth Rate was 38.00% per year. The lowest was -71.00% per year. And the median was 9.50% per year.
Back to Basics: PS Ratio
Independent Bank (Ionia MI) PS Ratio Historical Data
* 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.
Competitive Comparison of Independent Bank (Ionia MI)'s PS Ratio
For the Banks - Regional subindustry, Independent Bank (Ionia MI)'s PS Ratio, along with its competitors' market caps and PS Ratio 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 PS Ratio Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Independent Bank (Ionia MI)'s PS Ratio distribution charts can be found below:
* The bar in red indicates where Independent Bank (Ionia MI)'s PS Ratio falls into.
Independent Bank (Ionia MI) PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Independent Bank (Ionia MI)'s Share Price of today is $24.99. Independent Bank (Ionia MI)'s Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.41.
* 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:
Independent Bank (Ionia MI) (NAS:IBCP) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Independent Bank (Ionia MI) PS Ratio Related Terms
Thank you for viewing the detailed overview of Independent Bank (Ionia MI)'s PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Independent Bank (Ionia MI) (Independent Bank (Ionia MI)) Business Description
Independent Bank Corp (Ionia MI) 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.
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