Is Civista Bancshares, Inc. overvalued or undervalued?

As of 30 June 2025, the valuation grade for Civista Bancshares, Inc. moved from expensive to fair, indicating a more favorable assessment of its stock. The company appears fairly valued based on its current metrics, with a P/E ratio of 12, a Price to Book Value of 1.02, and an EV to EBITDA of 17.72. In comparison to its peers, ACNB Corp. has a P/E of 13.51, while Bridgewater Bancshares, Inc. shows a P/E of 11.97, suggesting that Civista is positioned competitively within the regional banks sector.
Despite its fair valuation, Civista has underperformed relative to the S&P 500 over the longer term, with a 3-year return of 3.15% compared to the S&P 500's 70.41%, although it has outperformed in the last year with a return of 20.34% versus 17.14% for the index. This mixed performance indicates that while the stock may be fairly valued, its growth potential relative to broader market indices remains a concern.