Is Bar Harbor Bankshares overvalued or undervalued?

As of 28 November 2025, Bar Harbor Bankshares has moved from a fair to an expensive valuation grade. The company appears overvalued based on its current metrics, with a P/E ratio of 11, a Price to Book Value of 1.05, and an EV to EBITDA of 11.68. In comparison to its peers, CNB Financial Corp. has a P/E of 13.93, while HomeTrust Bancshares boasts a more attractive P/E of 12.77, indicating that Bar Harbor is trading at a premium relative to these competitors.
Furthermore, Bar Harbor's recent stock performance has lagged behind the S&P 500, with a year-to-date return of -2.42% compared to the S&P 500's 16.45%, and a one-year return of -16.95% against the index's 14.18%. This underperformance reinforces the notion that the stock may be overvalued in the current market context.