Is Esquire Financial Holdings, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Esquire Financial Holdings, Inc. has moved from fair to expensive, indicating a shift towards overvaluation. The company appears to be overvalued based on its P/E ratio of 17, which is higher than the peer average of 15.08 for Nicolet Bankshares, Inc., and significantly lower than the very attractive Hope Bancorp, Inc. at 25.82. Additionally, the price-to-book value stands at 3.05, and the EV to EBITDA ratio is 9.79, further supporting the conclusion of overvaluation.
In comparison to its peers, Esquire's PEG ratio of 1.11 is also higher than Nicolet Bankshares' 0.57, suggesting that Esquire may not be offering sufficient growth relative to its price. Despite its strong performance with a year-to-date return of 25.64% compared to the S&P 500's 13.30%, the overall valuation metrics indicate that Esquire Financial Holdings, Inc. is overvalued in the current market environment.