Is Customers Bancorp, Inc. overvalued or undervalued?

As of 31 October 2024, the valuation grade for Customers Bancorp, Inc. has moved from very attractive to fair. The company is currently fairly valued based on its financial metrics. The P/E ratio stands at 12, while the Price to Book Value is 0.92, and the ROE is 7.76%.
In comparison to its peers, Lakeland Financial Corp. is considered very expensive with a P/E of 16.85, whereas Merchants Bancorp is attractive with a P/E of 4.82. Additionally, National Bank Holdings Corp. is also rated fair with a P/E of 18.81. Notably, Customers Bancorp has delivered a strong return of 18.69% over the past year, outperforming the S&P 500's return of 10.26%, which reinforces its current valuation stance.