Is BancFirst Corp. (Oklahoma) overvalued or undervalued?

As of 3 October 2025, BancFirst Corp. (Oklahoma) has moved from fair to expensive in its valuation grade. The company appears to be overvalued based on its current metrics. Key ratios include a P/E ratio of 18, a Price to Book Value of 2.45, and a PEG Ratio of 2.43, which indicate that the stock is priced higher relative to its earnings and growth potential compared to peers.
In comparison to its peers, BancFirst's P/E ratio is significantly higher than that of Wintrust Financial Corp. at 12.91 and Columbia Banking System, Inc. at 13.84, both of which are considered very attractive. This suggests that BancFirst may not be justified in its current valuation level. Additionally, while BancFirst has shown a solid 1-year return of 25.46%, it underperformed the S&P 500's return of 17.82% over the same period, highlighting a potential disconnect between its stock performance and broader market trends.