Is Cullman Bancorp, Inc. overvalued or undervalued?

As of 28 May 2024, Cullman Bancorp, Inc. has moved from an expensive to a fair valuation grade. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 21, a Price to Book Value of 0.79, and an EV to EBIT of 23.21.
In comparison to its peers, Cullman Bancorp's P/E ratio is higher than First Capital, Inc. at 13.48 and BV Financial, Inc. at 13.21, indicating that while it is fairly valued, it is priced at a premium relative to these competitors. Notably, the company's ROCE stands at 3.59% and ROE at 3.67%, which are modest figures in the context of the industry. Recent performance shows that while the stock has outperformed the S&P 500 over the year with a return of 1.95%, it has significantly lagged over longer periods, suggesting potential challenges ahead.