Is Banner Corp. overvalued or undervalued?

As of 24 October 2025, the valuation grade for Banner Corp. moved from attractive to very attractive. The company appears to be undervalued, supported by a P/E ratio of 12, a Price to Book Value of 1.18, and an EV to EBITDA ratio of 9.64. In comparison to peers, Renasant Corp. has a higher P/E of 21.73, while BankUnited, Inc. shows a more favorable EV to EBITDA of 11.46, indicating that Banner Corp. is priced more attractively relative to its industry.
Despite recent challenges, including a year-to-date return of -5.36% compared to the S&P 500's 15.47%, Banner Corp.'s long-term performance over five years shows a return of 61.69%, though it still lags behind the S&P 500's 95.99%. This suggests that while the stock may be undervalued currently, its historical performance indicates potential for recovery.