Is CVB Financial Corp. overvalued or undervalued?

As of 23 July 2025, the valuation grade for CVB Financial Corp. has moved from fair to risky, indicating a potential concern regarding its current valuation. The company appears to be overvalued based on its P/E ratio of 13, which is higher than the peer average of 13.35 for Ameris Bancorp and significantly lower than the 18.91 of ServisFirst Bancshares, Inc. Additionally, the Price to Book Value stands at 1.18, and the EV to EBITDA ratio is 10.44, both suggesting that the stock may not provide sufficient value relative to its peers.
In terms of performance, CVB Financial Corp. has underperformed against the S&P 500 over various periods, notably with a year-to-date return of -5.60% compared to the S&P 500's 12.22%. This trend is further emphasized by a 3-year return of -22.80% against the S&P 500's 70.41%, reinforcing the notion that the stock is not only overvalued but also struggling to keep pace with broader market performance.