Is Bank OZK overvalued or undervalued?

As of 14 November 2025, the valuation grade for Bank OZK has moved from attractive to very attractive, indicating a positive shift in its perceived value. The company appears to be undervalued, supported by a P/E ratio of 7, a price-to-book value of 0.89, and an EV to EBITDA ratio of 3.86. In comparison to peers, First Horizon Corp. has a P/E of 13.43, while SouthState Corp. boasts a P/E of 15.16, highlighting Bank OZK's relative undervaluation in the regional banks sector.
Despite the attractive valuation metrics, Bank OZK has underperformed against the S&P 500 over multiple periods, with a year-to-date return of -0.97% compared to the S&P 500's 14.49%. However, over the last five years, Bank OZK has returned 54.63%, which is significantly lower than the S&P 500's 87.83%, suggesting potential for recovery as the market recognizes its value.