ACBI currently has a forward P/E ratio of 14.39, while INDB has a forward P/E of 17.30. We also note that ACBI has a PEG ratio of 1.22. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. INDB currently has a PEG ratio of 9.61. Another notable valuation metric for ACBI is its P/B ratio of 0.72. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, INDB has a P/B of 1.26. These are just a few of the metrics contributing to ACBI's Value grade of A and INDB's Value grade of D. ACBI is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that ACBI is likely the superior value option right now.