Is AmeriServ Financial, Inc. overvalued or undervalued?

As of 3 October 2025, the valuation grade for AmeriServ Financial, Inc. moved from attractive to very attractive. The company is currently undervalued, as indicated by its P/E ratio of 22, which is higher than the peer average of approximately 20.22, and a price-to-book value of 0.71, suggesting a discount relative to its book value. Additionally, the PEG ratio stands at an impressively low 0.10, indicating strong growth potential relative to its earnings.
In terms of peer comparison, Rhinebeck Bancorp, Inc. has a risky valuation with a P/E of -25.86, while Village Bank & Trust Financial Corp. is fairly valued at a P/E of 17.15. This places AmeriServ in a favorable position compared to its peers. Over the past year, AmeriServ has returned 12.69%, which is notably lower than the S&P 500's 17.82% return, highlighting the potential for price appreciation as the market recognizes its undervaluation.