Is Carter Bankshares, Inc. overvalued or undervalued?

As of 8 August 2025, Carter Bankshares, Inc. has moved from fair to attractive in its valuation grade. The company appears to be undervalued, supported by a P/E ratio of 14, a Price to Book Value of 0.95, and an EV to EBITDA of 9.46. In comparison to its peers, Guaranty Bancshares, Inc. has a higher P/E ratio of 18.33, while Peoples Financial Services Corp. boasts a more favorable PEG ratio of 0.14, indicating that Carter Bankshares is positioned well within its industry.
Despite recent performance, where Carter Bankshares returned 14.55% year-to-date compared to the S&P 500's 12.22%, it still lags in longer-term returns, with a 3-year return of 18.67% versus the S&P's 70.41%. This suggests that while the stock is currently attractive, there may be room for improvement in its long-term performance relative to the broader market.