Is Equity Bancshares, Inc. overvalued or undervalued?

As of 10 October 2025, the valuation grade for Equity Bancshares, Inc. moved from fair to expensive, indicating that the stock is overvalued. The company has a P/E ratio of 12, a Price to Book Value of 1.32, and an EV to EBITDA ratio of 8.61, which suggest that it is trading at a premium compared to its peers. Notably, Camden National Corp. (Maine) has a more attractive P/E ratio of 11.68, while Metropolitan Bank Holding Corp. has a P/E of 12.12, reinforcing the notion that Equity Bancshares may not be the best value in the sector.
In terms of recent performance, the stock has underperformed relative to the S&P 500, with a year-to-date return of -4.53% compared to the index's 11.41%. Over the past three years, while the company achieved a return of 31.32%, it still lags significantly behind the S&P 500's 81.39% return, further supporting the conclusion that Equity Bancshares, Inc. is currently overvalued.