Is Bank of the James Financial Group, Inc. overvalued or undervalued?

As of 5 October 2023, Bank of the James Financial Group, Inc. has moved from fair to attractive. The company is currently undervalued based on its financial metrics. Key ratios include a price-to-earnings ratio of 10.5, a return on equity of 12.3%, and a debt-to-equity ratio of 0.45.
In comparison to its peers, First Community Bankshares has a P/E ratio of 12.0, while Atlantic Union Bankshares stands at 11.5, indicating that Bank of the James is trading at a discount relative to these competitors. Additionally, the stock has shown a stronger performance compared to the Sensex, reinforcing the undervaluation narrative.