Is Equity Bancshares, Inc. overvalued or undervalued?

As of 24 October 2025, the valuation grade for Equity Bancshares, Inc. moved from expensive to fair. Based on the current metrics, the company appears to be fairly valued. The P/E ratio stands at 12, while the Price to Book Value is 1.32, and the EV to EBITDA ratio is 8.61.
In comparison to peers, Central Pacific Financial Corp. has a P/E of 13.75, and Metropolitan Bank Holding Corp. has a P/E of 12.12, indicating that Equity Bancshares is competitively priced within its industry. Despite recent underperformance with a year-to-date return of -1.30% compared to the S&P 500's 15.47%, the company has shown a strong 5-year return of 123.55%, outperforming the S&P 500's 95.99% in the same period.