Is Bank First Corp. overvalued or undervalued?

As of 9 September 2025, the valuation grade for Bank First Corp. has moved from expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 18, a Price to Book Value of 1.90, and an EV to EBIT of 14.17.
In comparison to its peers, Bank First Corp. has a higher valuation with a P/E ratio of 20.24, while Berkshire Hills Bancorp, Inc. has a P/E of 10.31, indicating a more attractive valuation in the market. Additionally, German American Bancorp, Inc. is considered expensive with a P/E of 18.19. Over the past year, Bank First Corp. has outperformed the S&P 500, returning 38.63% compared to the index's 17.14%, reinforcing its position in the market.