Is Comerica, Inc. overvalued or undervalued?

As of 19 September 2025, the valuation grade for Comerica, Inc. has moved from attractive to fair, indicating a shift in its perceived value. Based on the current metrics, Comerica appears to be fairly valued. The P/E ratio stands at 18, while the Price to Book Value is 1.90, and the EV to EBITDA ratio is 14.73. In comparison, a peer company has a higher P/E of 21.53, suggesting that Comerica may be less expensive relative to its peers.
In terms of performance, Comerica's stock has returned 12.95% year-to-date, which is slightly below the S&P 500's return of 13.31% over the same period. Over the longer term, the company has underperformed the S&P 500, particularly in the 3-year and 5-year periods, where it returned -11.96% and 71.86%, respectively, compared to the S&P's much higher returns. This performance context reinforces the notion that Comerica is fairly valued in light of its current ratios and market performance.