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 a shift towards overvaluation. The company appears to be overvalued based on its P/E ratio of 12, which is higher than the peer average of 11.68, and an EV to EBITDA ratio of 8.61, which is also above the industry benchmark. Additionally, the PEG ratio stands at an exceptionally low 0.03, suggesting that the stock may not be priced appropriately relative to its growth prospects.
In comparison to its peers, Central Pacific Financial Corp. has a P/E ratio of 13.75, while Metropolitan Bank Holding Corp. is at 12.12, both indicating more attractive valuations. Furthermore, the company's recent performance shows a YTD return of -3.82%, significantly lagging behind the S&P 500's return of 16.30%, which reinforces the notion that the stock may be overvalued at its current price of 40.80.