Is Credicorp Ltd. overvalued or undervalued?

As of 21 November 2025, the valuation grade for Credicorp Ltd. has moved from fair to attractive, indicating a positive shift in its perceived value. The company appears to be undervalued based on its current metrics, with a P/E ratio of 13, a Price to Book Value of 2.10, and an EV to EBITDA ratio of 7.43. In comparison to peers, Huntington Bancshares, Inc. has a P/E of 12.37, while Regions Financial Corp. boasts a P/E of 12.07, suggesting that Credicorp may offer better value relative to its earnings potential.
Despite recent underperformance against the S&P 500 over the last week and month, where it returned -2.34% and -2.36% respectively compared to -1.95% and -1.97% for the index, the year-to-date return of 35.20% significantly outpaces the S&P 500's 12.26%. This strong performance over the year, combined with attractive valuation ratios, reinforces the notion that Credicorp Ltd. is currently undervalued.