Independent Price To Sales Ratio from 2010 to 2024

INDB Stock  USD 49.45  0.92  1.90%   
Independent Bank's Price To Sales Ratio is increasing over the years with slightly volatile fluctuation. Price To Sales Ratio is expected to dwindle to 2.66. Price To Sales Ratio is a valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period. View All Fundamentals
 
Price To Sales Ratio  
First Reported
2010-12-31
Previous Quarter
3.65400546
Current Value
2.66
Quarterly Volatility
1.58951368
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Independent Bank financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Independent main balance sheet or income statement drivers, such as Interest Expense of 198.7 M, Other Operating Expenses of 504.6 M or Operating Income of 330.9 M, as well as many exotic indicators such as Price To Sales Ratio of 2.66, Dividend Yield of 0.0183 or PTB Ratio of 1.78. Independent financial statements analysis is a perfect complement when working with Independent Bank Valuation or Volatility modules.
  
This module can also supplement Independent Bank's financial leverage analysis and stock options assessment as well as various Independent Bank Technical models . Check out the analysis of Independent Bank Correlation against competitors.
For information on how to trade Independent Stock refer to our How to Trade Independent Stock guide.

Latest Independent Bank's Price To Sales Ratio Growth Pattern

Below is the plot of the Price To Sales Ratio of Independent Bank over the last few years. Price to Sales Ratio is figured by comparing Independent Bank stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Independent Bank sales, a figure that is much harder to manipulate than other Independent Bank multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is a valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period. Independent Bank's Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Independent Bank's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 2.92 X10 Years Trend
Slightly volatile
   Price To Sales Ratio   
       Timeline  

Independent Price To Sales Ratio Regression Statistics

Arithmetic Mean4.10
Geometric Mean3.37
Coefficient Of Variation38.79
Mean Deviation1.25
Median4.16
Standard Deviation1.59
Sample Variance2.53
Range5.8471
R-Value0.50
Mean Square Error2.03
R-Squared0.25
Significance0.06
Slope0.18
Total Sum of Squares35.37

Independent Price To Sales Ratio History

2023 3.65
2022 5.38
2021 5.6
2020 5.09
2019 5.37
2018 5.02
2017 5.58

About Independent Bank Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Independent Bank income statement, its balance sheet, and the statement of cash flows. Independent Bank investors use historical funamental indicators, such as Independent Bank's Price To Sales Ratio, to determine how well the company is positioned to perform in the future. Although Independent Bank investors may use each financial statement separately, they are all related. The changes in Independent Bank's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Independent Bank's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Independent Bank Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Independent Bank. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Price To Sales Ratio 3.65  2.66 

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When determining whether Independent Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Independent Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Independent Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Independent Bank Stock:
Check out the analysis of Independent Bank Correlation against competitors.
For information on how to trade Independent Stock refer to our How to Trade Independent Stock guide.
Note that the Independent Bank information on this page should be used as a complementary analysis to other Independent Bank's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

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When running Independent Bank's price analysis, check to measure Independent Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independent Bank is operating at the current time. Most of Independent Bank's value examination focuses on studying past and present price action to predict the probability of Independent Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independent Bank's price. Additionally, you may evaluate how the addition of Independent Bank to your portfolios can decrease your overall portfolio volatility.
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Is Independent Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Independent Bank. If investors know Independent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Independent Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.26)
Dividend Share
2.2
Earnings Share
5.42
Revenue Per Share
16.015
Quarterly Revenue Growth
(0.11)
The market value of Independent Bank is measured differently than its book value, which is the value of Independent that is recorded on the company's balance sheet. Investors also form their own opinion of Independent Bank's value that differs from its market value or its book value, called intrinsic value, which is Independent Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Independent Bank's market value can be influenced by many factors that don't directly affect Independent Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Independent Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independent Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independent Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.