Is Equity Bancshares, Inc. overvalued or undervalued?

As of 31 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 earnings and book value. In comparison, Central Pacific Financial Corp. has a P/E of 13.75, while Metropolitan Bank Holding Corp. has a lower P/E of 12.12, highlighting that Equity Bancshares is relatively expensive within its peer group.
The recent stock performance shows that Equity Bancshares has underperformed against the S&P 500, with a year-to-date return of -4.50% compared to the S&P 500's 16.30%. This trend, along with the elevated valuation ratios, reinforces the conclusion that the stock is overvalued.