Is Central Pacific Financial Corp. overvalued or undervalued?

As of 23 April 2025, the valuation grade for Central Pacific Financial Corp. moved from very expensive to expensive. The company is currently considered overvalued. Key ratios include a P/E ratio of 12, an EV to EBIT of 7.61, and a PEG ratio of 2.49, which indicates a premium compared to its peers.
In comparison to its peers, Cantaloupe, Inc. has a P/E of 13.71 and Horizon Bancorp, Inc. boasts a P/E of 13.99, both of which are higher than Central Pacific's P/E. Additionally, the company's return over the past year at 33.96% outperformed the S&P 500's return of 10.26%, yet this does not mitigate the overall overvaluation indicated by its ratios.