Is Comerica, Inc. overvalued or undervalued?

As of 12 September 2025, the valuation grade for Comerica, Inc. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued at this time, with a P/E ratio of 18, a Price to Book Value of 1.90, and an EV to EBITDA ratio of 14.73. In comparison, a peer such as Comerica itself has a higher P/E ratio of 21.53, suggesting that while it is on par with its peers, it may not offer a significant discount.
The recent stock performance shows that Comerica has outperformed the S&P 500 over the past year, returning 17.82% compared to the S&P 500's 17.14%. However, over longer periods, such as 3 years and 5 years, Comerica's returns have lagged significantly behind the S&P 500, which may reflect underlying challenges. Overall, the current valuation metrics suggest that Comerica is fairly valued in the context of its peers and recent performance.