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First Internet Bancorp
NASDAQ:INBK

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First Internet Bancorp
NASDAQ:INBK
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Price: 23.16 USD 1.76% Market Closed
Market Cap: $202m

P/S

1.7
Current
3%
More Expensive
vs 3-y average of 1.7

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.7
=
Market Cap
$178.7m
/
Revenue
$116.5m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.7
=
Market Cap
$178.7m
/
Revenue
$116.5m

Valuation Scenarios

First Internet Bancorp is trading above its 3-year average

If P/S returns to its 3-Year Average (1.7), the stock would be worth $22.5 (3% downside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-3%
Maximum Upside
+96%
Average Upside
39%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 1.7 $23.16
0%
3-Year Average 1.7 $22.5
-3%
5-Year Average 2.1 $28.14
+21%
Industry Average 3.4 $45.29
+96%
Country Average 2.4 $32.66
+41%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
$178.7m
/
Jan 2026
$116.5m
=
1.7
Current
$178.7m
/
Dec 2026
$167.5m
=
1.1
Forward
$178.7m
/
Dec 2027
$189.2m
=
0.9
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close

Market Distribution

In line with most companies in the United States of America
Percentile
39th
Based on 11 520 companies
39th percentile
1.7
Low
0 — 1.2
Typical Range
1.2 — 4.1
High
4.1 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 1.2
Median 2.4
70th Percentile 4.1
Max 4 613 274.2

Other Multiples

First Internet Bancorp
Glance View

Market Cap
202m USD
Industry
Banking

First Internet Bancorp engages in the provision of online commercial and retail banking products and services. The company is headquartered in Fishers, Indiana and currently employs 286 full-time employees. The company went IPO on 2013-02-22. The firm offers a range of commercial, small business, consumer and municipal banking products and services. The firm conducts consumer and small business deposit operations primarily through digital channels on a nationwide basis. Its residential mortgage products are offered nationwide primarily through a digital direct-to-consumer platform. Its commercial banking products and services are delivered through a relationship banking model and include commercial real estate (CRE) banking, commercial and industrial (C&I) banking, public finance, healthcare finance, small business lending and commercial deposits and treasury management. The company also provides a range of public and municipal finance lending and leasing products to governmental entities throughout the United States.

INBK Intrinsic Value
55.48 USD
Undervaluation 58%
Intrinsic Value
Price $23.16
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