Is Bar Harbor Bankshares overvalued or undervalued?

As of 28 November 2025, the valuation grade for Bar Harbor Bankshares has moved from fair to expensive, indicating a shift towards overvaluation. The company is considered overvalued based on its P/E ratio of 11, which is lower than the peer average of 14.74, and a PEG ratio of 3.38, suggesting that growth expectations are not being met by current pricing. Additionally, the Price to Book Value stands at 1.05, which is relatively high compared to peers like Camden National Corp. at 0.69.
In comparison to its peers, CNB Financial Corp. has a P/E of 13.93 and HomeTrust Bancshares, Inc. boasts a P/E of 12.77, both indicating that Bar Harbor Bankshares is priced higher relative to its earnings potential. The stock has underperformed against the S&P 500 over multiple periods, notably with a year-to-date return of -2.42% compared to the S&P 500's 16.45%, reinforcing the notion that it may be overvalued at its current price of 29.84.