Is City Holding Co. overvalued or undervalued?

As of 31 October 2025, the valuation grade for City Holding Co. moved from expensive to fair, indicating a more favorable assessment of its market position. The company appears fairly valued based on its current metrics. Key ratios include a P/E ratio of 18, a Price to Book Value of 2.86, and an EV to EBITDA of 15.39.
In comparison to peers, City Holding Co. has a P/E ratio of 19.57, which is higher than Axos Financial, Inc. at 13.92, but lower than Associated Banc-Corp at 33.17. The stock has underperformed the S&P 500 over the past year, returning 1.70% compared to the index's 19.89%, and has significantly lagged over three and five-year periods, with returns of 21.37% and 90.67% respectively, against 76.66% and 109.18% for the S&P 500.