Is Comerica, Inc. overvalued or undervalued?

As of 21 April 2025, Comerica, Inc. has moved from an expensive valuation grade to fair. The company is currently fairly valued. Key ratios include a P/E ratio of 18, a Price to Book Value of 1.90, and an EV to EBITDA of 14.73. In comparison to peers, Huntington Bancshares, Inc. has a P/E of 11.06, while Regions Financial Corp. shows a P/E of 9.98, indicating that Comerica's valuation is in line with its peers but not particularly attractive.
Despite a recent stock return of 20% over the past year compared to the S&P 500's 10.26%, Comerica's performance over longer periods has lagged, with a 3-year return of -21.34% versus the S&P's 58.74%. This suggests that while the current valuation is fair, the company's historical performance may warrant caution for potential investors.