Is BankFinancial Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for BankFinancial Corp. moved from very expensive to expensive, indicating a slight improvement in perceived value but still suggesting that the stock is overvalued. The company is currently assessed as overvalued, with a P/E ratio of 33, significantly higher than peers like LINKBANCORP, Inc. at 7.19 and FinWise Bancorp at 20.49. Additionally, the Price to Book Value stands at 0.93, which is relatively low, but the negative EV to EBIT (-1.04) and EV to EBITDA (-1.23) ratios highlight underlying valuation concerns.
In comparison to its peers, BankFinancial Corp. shows a stark contrast in valuation metrics, with its P/E ratio being much higher than the industry average, reinforcing the notion of overvaluation. Although specific return data is not available, the lack of positive performance against the S&P 500 may further suggest that the stock is not delivering value to investors relative to broader market trends.