Is Atlantic Union Bankshares Corp. overvalued or undervalued?

As of 2 April 2025, Atlantic Union Bankshares Corp. has moved from a fair to an expensive valuation grade. The company is currently considered overvalued, with a P/E ratio of 18, which is significantly higher than its peers such as Ameris Bancorp at 11.44 and BancFirst Corp. at 17.67. Additionally, the Price to Book Value stands at 1.37, while the EV to EBITDA ratio is 13.82, indicating that the company's valuation metrics are not aligned with those of its competitors.
The peer comparison highlights that Atlantic Union Bankshares Corp. is trading at a premium compared to its industry, with a notable ROE of 7.55% and a ROCE of 8.86%. This suggests that while the company is generating returns, it may not justify the higher valuation. Furthermore, the stock has underperformed relative to the S&P 500 over the past year, with a return of -1.54% compared to the index's 10.26%, reinforcing the notion that the stock may be overvalued at its current price of 30.65.