Is Citizens Financial Services, Inc. overvalued or undervalued?

As of 24 April 2025, the valuation grade for Citizens Financial Services, Inc. has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently considered undervalued, with a P/E ratio of 11, which is lower than the industry average. Additionally, the Price to Book Value stands at 1.03, while the EV to EBITDA is 16.36, suggesting that the company is trading at a reasonable valuation compared to its earnings potential.
In comparison to its peers, Citizens Financial Services, Inc. has a P/E ratio that is more favorable than Financial Institutions, Inc. at -133.62 and is competitive with Unity Bancorp, Inc. at 10.84. The PEG ratio of 2.47 indicates that while growth expectations are factored in, the valuation remains attractive when juxtaposed with peers like First Business Financial Services, Inc., which has a P/E of 9.42. Despite a recent underperformance relative to the S&P 500 year-to-date, the strong one-year return of 44.19% highlights the potential for continued growth and value realization.