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The GF Value represents the current intrinsic value of a stock derived from our exclusive method. The GF Value Line on our summary page gives an overview of the fair value that the stock should be traded at. It is calculated based on three factors:
We believe the GF Value Line is the fair value that the stock should be traded at. The stock price will most likely fluctuate around the GF Value Line. If the stock price is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line, its future return will likely be higher.
Please note, "Possible Value Trap, Think Twice" is for the companies that look very undervalued, but either in the long term trend of business decline, or in financial distress.
As of today (2024-05-19), Independent Bank (Ionia MI)'s share price is $26.48. Independent Bank (Ionia MI)'s GF Value is $21.50. Therefore, Independent Bank (Ionia MI)'s Price-to-GF-Value for today is 1.23.
Based on the relationship between the current stock price and the GF Value, GuruFocus believes Independent Bank (Ionia MI) is Modestly Overvalued.
Independent Bank (Ionia MI) (NAS:IBCP) GF Value Explanation
Based on the relationship between the current stock price and the GF Value, GuruFocus provides the following 6 evaluations:
Posssible Evaluations | All-in-One Screener Examples (2) |
Possible Value Trap, Think Twice (1) | Predictable Companies that possibly be Value Traps |
Significantly Overvalued | Predictable Companies which are Significantly Overvalued |
Modestly Overvalued | Predictable Companies which are Modestly Overvalued |
Fairly Valued | Predictable High Quality Companies which are Fairly Valued |
Modestly Undervalued (3) | Predictable High Quality Companies which are Modestly Undervalued |
Significantly Undervalued (3) | Predictable High Quality Companies which are Significantly Undervalued |
(1) "Possible Value Trap, Think Twice" is for the companies that look very undervalued, but either in the long term trend of business decline, or in financial distress.
(2) These are some simple examples. You can access our GF Valuation filter under All-in-One Screener’s Fundamental tab, and Price-to-GF-Value filter under Valuation Ratio tab and set your own criteria.
(3) There is only a sufficient margin of safety when the stock is undervalued.
Independent Bank (Ionia MI)'s Price-to-GF-Value for today is calculated as
Price-to-GF-Value | = | Share Price | / | GF Value |
= | 26.48 | / | 21.50 | |
= | 1.23 |
* 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.
Thank you for viewing the detailed overview of Independent Bank (Ionia MI)'s GF Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Stefanie M Kimball | officer: Executive Vice President | 230 WEST MAIN STREET, IONIA MI 48846 |
Terance L Beia | director | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Archer Dennis W. Jr | director | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Christina Keller | director | 4200 E BELTLINE AVE, GRAND RAPIDS MI 49525 |
James J Twarozynski | officer: Sr Vice President & Controller | 201 HIGHLAND DRIVE, ROCKFORD MI 49341 |
Gavin A. Mohr | officer: Executive Vice President | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Kristopher Kreter | officer: First Vice Pres. & Controller | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Ronia F Kruse | director | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Joel F Rahn | officer: Executive Vice President | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
William B Kessel | officer: President of Affiliate Bank | INDEPENDENT BANK CORPORATION, 230 WEST MAIN STREET, IONIA MI 48846 |
Matthew J Missad | director | 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525 |
Patrick J Ervin | officer: Executive Vice President | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Dennis J Mack | officer: Executive Vice President | 230 WEST MAIN STREET, IONIA MI 48846 |
Robert N Shuster | officer: Executive Vice President and C | 201 HIGHLAND DRIVE, ROCKFORD MI 49341 |
Stephen A. Erickson | officer: EVP and Treasurer | 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401 |
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