Is Columbia Financial, Inc. overvalued or undervalued?

As of 28 January 2025, the valuation grade for Columbia Financial, Inc. has moved from very expensive to risky. The company is currently considered overvalued. Key ratios indicate significant concerns, with a P/E ratio of 494, an EV to EBIT of -209.90, and a ROE of just 0.31%.
In comparison to peers, New York Community Bancorp, Inc. has a P/E of -5.63, while TFS Financial Corp. stands out as very attractive with a P/E of 52.08. The stark contrast in valuation metrics suggests that Columbia Financial is not only overvalued but also underperforming relative to its peers. Recent stock performance shows a 1-week return of 3.31%, outperforming the S&P 500, but the longer-term outlook remains troubling with a YTD decline of 9.23%.