Is Chemung Financial Corp. overvalued or undervalued?

As of 21 April 2025, Chemung Financial Corp. has moved from an expensive to a fair valuation grade. The company is currently fairly valued based on its financial metrics. Key ratios include a P/E ratio of 11, a Price to Book Value of 1.11, and an EV to EBITDA of 8.98.
In comparison to its peers, Chemung Financial Corp. has a P/E ratio that is higher than Bank7 Corp. at 8.01 but lower than USCB Financial Holdings, Inc. at 11.41. This suggests that while Chemung is reasonably priced, there are peers available at lower valuations. Notably, Chemung's ROCE stands at 11.24%, indicating a solid return on capital employed. Additionally, the company's recent stock performance has outpaced the S&P 500 over the past year, with a return of 12.99% compared to the index's 10.26%.