Is Equity Bancshares, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Equity Bancshares, Inc. has moved from fair to expensive, indicating that the stock is overvalued. The company exhibits a P/E ratio of 12, which is slightly below the peer average of 13.8, and a price-to-book value of 1.32. Additionally, the EV to EBITDA ratio stands at 8.61, which suggests a premium compared to peers like Central Pacific Financial Corp., which has a P/E of 13.75.
Equity Bancshares, Inc. also shows a PEG ratio of 0.03, indicating potential undervaluation in terms of growth relative to its price, but this is overshadowed by the overall expensive valuation grade. The stock has underperformed against the S&P 500 in the short term, with a year-to-date return of -4.10% compared to the S&P 500's 16.30%, further supporting the notion that the stock may be overvalued at its current price of 40.68.