Is Chemung Financial Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Chemung Financial Corp. has moved from very expensive to expensive, indicating a shift towards a less extreme valuation but still suggesting overvaluation. The company appears to be overvalued based on its current metrics, with a P/E ratio of 11, a Price to Book Value of 1.11, and an EV to EBITDA of 8.98. In comparison, Bank7 Corp. has a more attractive P/E ratio of 10.50, while Bankwell Financial Group, Inc. shows an expensive valuation with a P/E of 17.22.
Recent stock performance highlights that Chemung Financial Corp. has underperformed relative to the S&P 500, with a year-to-date return of 2.52% compared to the S&P 500's 13.30%. This trend reinforces the view that the stock may be overvalued given its lackluster performance against a strong market backdrop.