Is Eagle Bancorp Montana, Inc. overvalued or undervalued?

As of 1 October 2023, Eagle Bancorp Montana, Inc. has moved from fair to attractive. The company is currently undervalued based on its financial metrics. Key ratios include a price-to-earnings (P/E) ratio of 12.5, a price-to-book (P/B) ratio of 1.1, and a return on equity (ROE) of 10.2%.
In comparison to its peers, Glacier Bancorp has a P/E ratio of 15.3, while First Interstate BancSystem has a P/B ratio of 1.5. This suggests that Eagle Bancorp Montana is trading at a discount relative to its peers, reinforcing the undervaluation narrative. Additionally, the stock has outperformed the Sensex recently, further supporting the case for its attractive valuation.